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.
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FirstCaribbean International Bank
Box 140 The Valley
Telephone: 264-497-2301
Or: 264-497-2302
Or: 264-497-2303
National Bank of Anguilla Ltd
Box 44 The Valley
Telephone: 264-497-2101
Facsimile: 264-497-3310
Website: www.nba.ai
Email: nbabankl@anguillanet.com
Scotiabank Anguilla Limited
Fairplay Commercial Complex Box 250 The Valley
Telephone: 264-497-3333
Facsimile: 264-497-3344
Website: www.anguilla.scotiabank.com
Email: bns.anguilla@scotiabank.com
Anguilla Development Board
Box 285 The Valley
Telephone: 264-497-2595
Or: 264-497-3690
Facsimile: 264-497-2959
Website: www.gov.ai/adb
Email: adb@anguillanet.com
Caribbean Commercial Bank (Anguilla) Ltd
Box 23 The Valley
Telephone: 264-497-2571
Facsimile: 264-497-3570
Telephone Banking Service
Telephone: 264-497-8377
Website: www.ccb.ai
Email: service@ccb.ai
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Eastern Caribbean Central Bank (Agency Office)
Box 1385 Fair Play Commercial Complex The Valley
Telephone: 264-497-5050
Or: 264-235-7756
Facsimile: 264-497-5150
First Caribbean International Bank Barbados Limited
P.O. Box 140
The Valley
Anguilla, B.W.I.
National Bank of Anguilla
P.O. Box 44
The Valley
Anguilla, B.W.I.
Caribbean Commercial Bank (Anguilla) Ltd.
P.O. Box 23
The Valley
Anguilla, B.W.I.
Scotiabank Anguilla Ltd.
P.O. Box 250
The Valley
Anguilla, B.W.I.
GDP (purchasing power parity):
$112 million (2002 est.)
GDP — real growth rate:
2.8% (2001 est.)
GDP — per capita:
purchasing power parity: $7,500 (2002 est.)
GDP — composition by sector:
agriculture: 4%
industry: 18%
services: 78%
(2002)
Labor force:
6,049 (2001 est.)
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 est.)
Population below poverty line:
23% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
2.3%
Budget:
revenues: $22.8 million
expenditures: $22.5 million including capital expenditures of NA (2000 est.)
Agriculture — products:
Small quantities of tobacco, vegetables; cattle raising
Industries:
tourism, boat building, offshore financial services
Industrial production growth rate:
3.1% (1997 est.)
Electricity — production:
NA
Electricity — consumption:
42.6 million kWh
Exports:
$2.6 million (1999 est.)
Exports — commodities:
lobster, fish, livestock, salt, concrete blocks, rum
Exports — partners:
UK, US, Puerto Rico, Saint-Martin (2000)
Imports:
$80.9 million (1999 est.)
Imports — commodities:
fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Imports — partners:
US, Puerto Rico, UK (2000)
Debt — external:
$8.8 million (1998 est.)
Economic aid — recipient:
$9 million (2004 est.)
Currency:
East Caribbean dollar (XCD)
Exchange rates:
East Caribbean dollars per US$: 2.7 (2004 est.), 2.7 (2003 est.), 2.7 (2002 est.), 2.7 (2001 est.), 2.7 (2000 est.)
note: Fixed rate since 1976
Fiscal year:
1 April - 31 March
