Economy of Antigua and Barbuda
Population: 0.10 M (2018)
GDP per Capita: 16,727 USD (2018)
1,610 M.

GDP USD

(2018)

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610 M.

EXPORTS USD

(2016)

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690 M.

IMPORTS USD

(2016)

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78.53 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 7.39 % (2018)
GDP of 2010 USD USD 1.50 B. (2018)
GDP Current USD USD 1.61 B. (2018)
GDP per Capita Current USD USD 16,727 (2018)
GDP per capita, PPP USD 23,841 (2018)
GDP per Capita, 2010 USD USD 15,135 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 78.53 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 61.11 (2018)
Trade Openness 90.19 % (2016)
Exports of Goods and Services % GDP 42.38 % (2016)
Exports Goods & Services USD 0.61 B. (2016)
Exports Annual Growth Antigua and Barbuda
Imports as % GDP 47.80 % (2016)
Total Imports USD 0.69 B. (2016)
Foreign Direct Investment % GDP 8.39 % (2018)
Foreign Direct Investment USD 0.12 B. (2018)
Current Account Balance % GDP USD -7.03 % (2018)
Current Account Balance USD -0.11 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 0.04 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.33 B. (2018)
Remittances % GDP 2.17 % (2018)
Remittances USD 22 M. (2018)
Balance of Payments USD 59 M. (2017)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 59 M. (2017)
Labor Force (Percent Female) USD 59 M. (2017)
Female Labor Force Participation Rate USD 59 M. (2017)
Male Labor Force Participation Rate USD 59 M. (2017)
Dependent People 44.68 % (2018)

Agriculture Sector

Indicator Value
Forest Area 22.30 % (2016)
Forest Area km² 98 km² (2016)
Agricultural Land 20.45 % (2016)
Agricultural Land km² 90 km² (2016)
Employment
Value added % GDP 1.73 % (2018)
Agriculture Value added USD 0.03 B. (2018)
Crop Production Index 111.80 (2016)
Precipitation 1,030 mm (2014)
Arable Land 9 % (2016)
Cereal Yield 1,585 kg/hectare (2017)
Food production index 70 (2016)
Rural Population 75 % (2018)
Fertilizer use of Arable Land 14 kg/hectare (2016)
Livestock Production Index 33 (2016)
Economy of Antigua and Barbuda

According to the World Bank and its latest published data, the economy of the Antigua and Barbuda presents a growth rate of 7.39 % (2018) to the previous year.

With a population that reaches 0.10 M (2018) and a gross domestic product of USD 1.61 B. (2018), it translates a Gross Domestic Product per Capita of USD 16,727 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Antigua and Barbuda also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at 44.68 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 78.53 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Antigua and Barbuda exported USD 0.61 B. (2016), which represents 42.38 % (2016) of its gross domestic product, in that same sense its imports reached USD 0.69 B. (2016) with a direct foreign investment of USD 0.12 B. (2018).

Antigua and Barbuda has a forest area of 98 km² (2016), which represents 22.30 % (2016) of its total area, an average rainfall of 1,030 mm (2014) per year and a population of 75 % (2018) living in rural areas. With a total area of 90 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Antigua and Barbuda about USD 0.03 B. (2018) (1.73 % (2018) of its GDP).