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
@Anguilla: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 as well as favorable weather conditions.
GDP: purchasing power parity - $88 million (1998 est.)
GDP - real growth rate: 6.5% (1998 est.)
GDP - per capita: purchasing power parity - $7,900 (1998 est.)
GDP - composition by sector: agriculture: 4% industry: 18% services: 78% (1997 est.)
Population below poverty line: NA%