Political parties and leaders: Anguilla National Alliance or ANA
International organization participation: Caricom (observer),
CDB, Interpol (subbureau), OECS (associate), ECLAC (associate)
Diplomatic representation in the US: none (overseas territory of
the UK)
Diplomatic representation from the US: none (overseas 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 luxury 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. Increased activity in the tourism industry, which has spurred the growth of the construction sector, contributed to economic growth in 1997-98. 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—$81 million (1997 est.)
GDP—real growth rate: 6.5% (1997 est.)
GDP—per capita: purchasing power parity?$7,300 (1997 est.)