@Anguilla: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. The economy, and especially the tourism sector, suffered a setback in late 1995 due to the effects of Hurricane Luis in September but recovered in 1996. 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-$75 million (1996 est.)
GDP-real growth rate: 3.4% (1996 est.)
GDP-per capita: purchasing power parity-$7,200 (1996 est.)
GDP-composition by sector: agriculture: NA% industry: NA% services: NA%
Inflation rate-consumer price index: 3.6% (1996 est.)
Labor force: total: 4,400 (1992) by occupation: commerce 36%, services 29%, construction 18%, transportation and utilities 10%, manufacturing 3%, agriculture/fishing/forestry/mining 4%
Unemployment rate: 7% (1992 est.)
Budget: revenues: $13.5 million (1993) expenditures: $17.6 million, including capital expenditures of $740,000 (1995 est.)