Economy
of
Anguilla
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.
GDP:
purchasing power parity - $104 million (2001 est.)
GDP - real growth rate:
2.8% (2001 est.)
GDP - per capita:
purchasing power parity - $8,600 (2001 est.)
GDP - composition by sector:
agriculture: 4%
industry: 18%
services: 78% (1997 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
2.3%
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:
6.7% (2001)
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)
Exports - commodities:
lobster, fish, livestock, salt, concrete blocks, rum
Exports - partners:
UK, US, Puerto Rico, Saint-Martin (2000)
Imports:
$80.9 million (1999)
Imports - commodities:
fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Imports - partners:
US, Puerto Rico, UK (2000)
Debt - external:
$8.8 million (1998)
Economic aid - recipient:
$3.5 million (1995)
Currency:
East Caribbean dollar (XCD)
Currency code:
XCD
Exchange rates:
East Caribbean dollars per US dollar - 2.70 (fixed rate since 1976)
Fiscal year:
1 April - 31 March
Geography
of
Anguilla
Location:
Caribbean, island in the Caribbean Sea, east of Puerto Rico
Geographic coordinates:
18 15 N, 63 10 W
Map references:
North America
Area:
total: 91 sq km
land: 91 sq km
water: 0 sq km
Area-comparative:
about half the size of Washington, DC
Land boundaries:
0 km
Coastline:
61 km
Maritime claims:
exclusive fishing zone:
200 nm
territorial sea:
3 nm
Climate:
tropical; moderated by northeast trade winds
Terrain:
flat and low-lying island of coral and limestone
Elevation extremes:
lowest point:
Caribbean Sea 0 m
highest point:
Crocus Hill 65 m
Natural resources:
salt, fish, lobster
Land use:
arable land:
0%
permanent crops:
0%
permanent pastures:
0%
forests and woodland:
0%
other:
100% (mostly rock with sparse scrub oak, few trees, some commercial salt ponds)
Irrigated land:
NA sq km
Natural hazards:
frequent hurricanes and other tropical storms (July to October)
Environment-current issues:
supplies of potable water sometimes cannot meet increasing demand largely because of poor distribution system
Environment-international agreements:
party to:
NA
signed, but not ratified:
NA
Government
of
Anguilla
Country name:
conventional long form: none
conventional short form: Anguilla
Dependency status:
overseas territory of the UK
Government type:
NA
Capital:
The Valley
Administrative divisions:
none (overseas territory of the UK)
Independence:
none (overseas territory of the UK)
National holiday:
Anguilla Day, 30 May
Constitution:
Anguilla Constitutional Order 1 April 1982; amended 1990
Legal system:
based on English common law
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Alan Eden HUCKLE (since 28 May 2004)
head of government: Chief Minister Osbourne FLEMING (since 3 March 2000)
cabinet: Executive Council appointed by the governor from among the elected members of the House of Assembly
elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed chief minister by the governor
Legislative branch:
unicameral House of Assembly (11 seats total, 7 elected by direct popular vote, 2 ex officio members, and 2 appointed; members serve five-year terms)
elections: last held 3 March 2000 (next to be held NA June 2005)
election results: percent of vote by party - NA; seats by party - ANA 3, AUM 2, ADP 1, independent 1
Judicial branch:
High Court (judge provided by Eastern Caribbean Supreme Court)
Political parties and leaders:
Anguilla United Movement or AUM [Hubert HUGHES]; The United Front or UF [Osbourne FLEMING, Victor BANKS], a coalition of the Anguilla Democratic Party or ADP and the Anguilla National Alliance or ANA; Anguilla Patriotic Movement or APM [Quincy GUMBS]; Movement for Grassroots Democracy or MFGD [Joyce KENTISH, John BENJAMIN]
Political pressure groups and leaders:
NA
International organization participation:
Caricom (associate), CDB, Interpol (subbureau), OECS (associate)
Diplomatic representation in the US:
none (overseas territory of the UK)
Diplomatic representation from the US:
none (overseas territory of the UK)
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
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People
of
Anguilla
Population growth rate:
1.98% (2004 est.)
Birth rate:
14.45 births/1,000 population (2004 est.)
Death rate:
5.46 deaths/1,000 population (2004 est.)
Net migration rate:
10.76 migrant(s)/1,000 population (2004 est.)
Sex ratio:
at birth: 1.03 male(s)/female
under 15 years: 1.03 male(s)/female
15-64 years: 1.06 male(s)/female
65 years and over: 0.8 male(s)/female
total population: 1.03 male(s)/female (2004 est.)
Infant mortality rate:
total: 21.91 deaths/1,000 live births
male: 28.72 deaths/1,000 live births
female: 14.91 deaths/1,000 live births (2004 est.)
Life expectancy at birth:
total population: 76.9 years
male: 73.99 years
female: 79.91 years (2004 est.)
Total fertility rate:
1.74 children born/woman (2004 est.)
Nationality:
noun: Anguillan(s)
adjective: Anguillan
Ethnic groups:
black (predominant), mulatto, white
Religions:
Anglican 40%, Methodist 33%, Seventh-Day Adventist 7%, Baptist 5%, Roman Catholic 3%, other 12%
Languages:
English (official)
Literacy:
definition: age 12 and over can read and write
total population: 95%
male: 95%
female: 95% (1984 est.)
Population:
13,008 (July 2004 est.)
Age structure:
0-14 years: 23.8% (male 1,569; female 1,523)
15-64 years: 69.4% (male 4,641; female 4,385)
65 years and over: 6.8% (male 396; female 494) (2004 est.)
Median age:
total: 30.4 years
male: 30.4 years
female: 30.3 years (2004 est.)