Flag description:
blue, with the flag of the UK in the upper hoist-side quadrant and the Anguillan coat of arms centered in the outer half of the flag; the coat of arms depicts three orange dolphins in an interlocking circular design on a white background with blue wavy water below
Economy
Anguilla
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 has spurred the growth of the construction sector, contributing 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 (2004 est.)
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)
Household income or consumption by percentage share:
lowest 10%: NA% highest 10%: NA%
Budget:
revenues: $22.8 million expenditures: $22.5 million (2000 est.)
Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
5.3% (2006 est.)
Central bank discount rate:
6.5% (31 December 2007)
Commercial bank prime lending rate:
9.76% (31 December 2007)
Stock of money:
$23.57 million (31 December 2007)
Stock of quasi money:
$470.1 million (31 December 2007)
Stock of domestic credit:
$447.7 million (31 December 2007)
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 kWh
Electricity - production by source:
fossil fuel: NA
hydro: NA
nuclear: NA
other: NA
Current account balance:
-$42.87 million (2003 est.)
Exports:
$13 million (2006)
Exports - commodities:
lobster, fish, livestock, salt, concrete blocks, rum
Exports - partners:
UK, US, Puerto Rico, Saint-Martin (2006)
Imports:
$143 million (2006)
Imports - commodities:
fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Imports - partners:
US, Puerto Rico, UK (2006)
Economic aid - recipient:
$9 million (2004 est.)
Debt - external:
$8.8 million (1998)
Currency (code):
East Caribbean dollar (XCD)
Currency code:
XCD
Exchange rates:
East Caribbean dollars (XCD) per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003) note: fixed rate since 1976
Communications
Anguilla
Telephones - main lines in use:
6,200 (2002)
Telephones - mobile cellular:
1,800 (2002)
Telephone system:
general assessment: NA domestic: modern internal telephone system international: country code - 1–264; landing point for the East Caribbean Fiber System (ECFS) submarine cable with links to 13 other islands in the eastern Caribbean extending from the British Virgin Islands to Trinidad; microwave radio relay to island of Saint Martin (Guadeloupe and Netherlands Antilles) (2007)
Radio broadcast stations:
AM 2, FM 7, shortwave 0 (2004)
Radios:
3,000 (1997)
Television broadcast stations:
1 (1997)
Televisions:
1,000 (1997)
Internet country code:
.ai
Internet hosts:
205 (2008)
Internet Service Providers (ISPs):
16 (2000)
Internet users:
3,000 (2002)
Transportation
Anguilla
Airports:
3 (2007)
Airports - with paved runways:
total: 1 1,524 to 2,437 m: 1 (2007)
Airports - with unpaved runways:
total: 2 under 914 m: 2 (2007)
Roadways:
total: 175 km paved: 82 km unpaved: 93 km (2004)
Ports and terminals:
Blowing Point, Road Bay
Military
Anguilla
Manpower available for military service:
males