Economy — Antigua and Barbuda
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Antigua and Barbuda: 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…
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Economic overview
- Economic 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 an enclave-type assembly for export with major products being bedding, handicrafts, and electronic components.
Like other countries in the region, Antigua's economy was severely hit by the effects of the global economic recession in 2009.
The country suffered from the collapse of its largest private-sector employer, a steep decline in tourism, a rise in debt, and a sharp economic contraction between 2009 and 2011.
Antigua has not yet returned to its pre-crisis growth levels.
Barbuda suffered significant damages after hurricanes Irma and Maria passed through the Caribbean in 2017.
Prospects for economic growth in the medium term will continue to depend on tourist arrivals from the US, Canada, and Europe and could be disrupted by potential damage from natural disasters.
The new government, elected in 2014 and led by Prime Minister Gaston Browne, continues to face significant fiscal challenges.
The government places some hope in a new Citizenship by Investment Program, to both reduce public debt levels and spur growth and a resolution of a WTO dispute with the US.
- Industries
Tourism, construction, light manufacturing (clothing, alcohol, household appliances)
- GDP - per capita (PPP)
$24,100.00 (USD)
- GDP - real growth rate
2%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$1,760,000,000 (USD)
- GDP Per Capita
$24,100.00 (USD)
- GDP - real growth rate
2%
- GDP - official exchange rate
$1,303,000,000 (USD)
- GDP - composition, by end use
- household consumption: 65%
- government consumption: 16.9%
- investment in fixed capital: 23.2%
- investment in inventories: 0.1%
- exports of goods and services: 35.2%
- imports of goods and services: -40.4%
- GDP by Sector- agriculture
2.2%
- GDP by Sector- Industry
17.8%
- GDP by Sector- services
80%
- Industrial Growth Rate
3.2%
Prices & money
- Inflation Rate
1.6%
- Exchange Rate per US Dollar
2.7
- Currency Name and Code
East Caribbean dollars (XCD)
- Fiscal Year
1 April - 31 March
- Commercial Bank Prime Lending Rate
9.8%
Employment & labor
- Labor Force
30,000
- Unemployment Rate
11%
- Major Industries
Tourism, construction, light manufacturing (clothing, alcohol, household appliances)
- Agriculture Products
Cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock
Public finance
- Annual Budget
$279,100,000 (USD)
- Public Debt (% of GDP)
89%
- Budget Surplus or Deficit - percent of GDP
-1.7%
- Taxes and other revenues - percent of GDP
21.4%