chief of mission: Ambassador Deborah Mae LOVELL chancery: 3216 New Mexico Avenue NW, Washington, DC 20016 telephone: [1] (202) 362-5122 FAX: [1] (202) 362-5225 consulate(s) general: Miami
Diplomatic representation from the US:
the US does not have an embassy in Antigua and Barbuda; the US Ambassador to Barbados is accredited to Antigua and Barbuda
Flag description:
red, with an inverted isosceles triangle based on the top edge of the flag; the triangle contains three horizontal bands of black (top), light blue, and white, with a yellow rising sun in the black band
Economy
Antigua and Barbuda
Economy - overview:
Antigua has a relatively high GDP per capita in comparison to most other Caribbean nations. It has experienced solid growth since 2003, driven by a construction boom in hotels and housing that which should wind down in 2008. Tourism continues to dominate the economy, accounting for more than half of GDP. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on income growth in the industrialized world, especially in the US, which accounts for slightly more than one-third of tourist arrivals. Since taking office in 2004, the SPENCER government has adopted an ambitious fiscal reform program, but will continue to be saddled by its debt burden with a debt-to-GDP ratio exceeding 100%.
GDP (purchasing power parity):
$1.526 billion (2007 est.)