Economy - overview:
Anguilla has few natural resources, and the economy depends heavily
on luxury tourism, offshore banking, lobster fishing, and
remittances from emigrants. Increased activity in the tourism
industry, which has spurred the growth of the construction sector,
has contributed to economic growth. Anguillan officials have put
substantial effort into developing the offshore financial sector,
which is small, but growing. In the medium term, prospects for the
economy will depend largely on the tourism sector and, therefore, on
revived income growth in the industrialized nations as well as on
favorable weather conditions.
GDP (purchasing power parity):
$108.9 million (2004 est.)
GDP (official exchange rate):
$108.9 million
GDP - real growth rate:
10.2% (2004 est.)
GDP - per capita (PPP):
$8,800 (2004 est.)
GDP - composition by sector: agriculture: 4% industry: 18% services: 78% (2002 est.)
Labor force: 6,049 (2001)
Labor force - by occupation: agriculture/fishing/forestry/mining 4%, manufacturing 3%, construction 18%, transportation and utilities 10%, commerce 36%, services 29% (2000 est.)
Unemployment rate:
8% (2002)
Population below poverty line:
23% (2002)