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; the sun symbolizes the dawn of a new era, black represents the African heritage of most of the population, blue is for hope, and red is for the dynamism of the people; the "V" stands for victory; the successive yellow, blue, and white coloring is also meant to evoke the country's tourist attractions of sun, sea, and sand
National anthem:
name: "Fair Antigua, We Salute Thee"
lyrics/music: Novelle Hamilton RICHARDS/Walter Garnet Picart CHAMBERS
note: adopted 1967; as a Commonwealth country, in addition to the national anthem, "God Save the Queen" serves as the royal anthem (see United Kingdom)
Economy ::Antigua and Barbuda
Economy - overview:
Tourism continues to dominate Antigua and Barbuda's economy, accounting for nearly 60% of GDP and 40% of investment. 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 tourist arrivals from the US, Canada, and Europe and potential damages from natural disasters. After taking office in 2004, the SPENCER government adopted an ambitious fiscal reform program, and was successful in reducing its public debt-to-GDP ratio from 120% to about 90% in 2008. However, the global financial crisis that began in 2008, has led to a significant increase in the national debt, which topped 130% at the end of 2010. The Antiguan economy experienced solid growth from 2003 to 2007, reaching over 12% in 2006 driven by a construction boom in hotels and housing associated with the Cricket World Cup, but growth dropped off in 2008 with the end of the boom. In 2009, Antigua's economy was severely hit by the global economic crisis, suffering from the collapse of its largest financial institution and a steep decline in tourism. This decline continued in 2010 as the country struggled with a yawning budget deficit.
GDP (purchasing power parity):