Political parties and leaders: Anguilla National Alliance or ANA
[Osbourne FLEMING]; Anguilla United Party or AUP [Hubert HUGHES];
Anguilla Democratic Party or ADP [Victor BANKS]
International organization participation: Caricom (observer), CDB,
Interpol (subbureau), OECS (associate), ECLAC (associate)
Diplomatic representation in the US: none (dependent territory of the
UK)
Diplomatic representation from the US: none (dependent territory of the UK)
Flag description: blue with the flag of the UK in the upper hoist-side quadrant and the Anguillan coat of arms centered in the outer half of the flag; the coat of arms depicts three orange dolphins in an interlocking circular design on a white background with blue wavy water below
Economy
Economy - overview: Anguilla has few natural resources, and the economy depends heavily on high-class tourism, offshore banking, lobster fishing, and remittances from emigrants. Output growth had averaged about 7% in recent years, mainly as a result of a boom in tourism thanks to economic expansion in North America and the UK. The economy, and especially the tourism sector, suffered a setback in late 1995 due to the effects of Hurricane Luis in September. Agricultural output had only just begun to recover from a drought in 1994 when Luis hit. Anguillan officials have put substantial effort into developing the offshore financing sector. A comprehensive package of financial services legislation was enacted in late 1994. In the medium term, prospects for the economy will depend on the tourism sector and, therefore, on continuing income growth in the industrialized nations.
GDP: purchasing power parity - $52 million (1995 est.)
GDP - real growth rate: -4.3% (1995 est.)
GDP - per capita: purchasing power parity - $7,400 (1995 est.)