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Home :: Trade Leads By Country : Anguilla



ANGUILLA

Anguilla, Countries by TradeAnguilla, Countries by Trade

Introduction

Come to Anguilla and experience "tranquility wrapped in blue."Yes that’s what they say when the visitors who have visited this country feel about the experience that they have had.The friendly island invites you to relax, kick off your shoes and enjoy! Forget all your worries and come home to enjoy this beautiful island that has a lot of natural beauty that scintillates one’s senses and makes you feel at heaven. Imagine a small island that provides a private, pristine retreat for all who seek one -- Anguilla. Anguilla is wrapped in a brilliant turquoise sea that reflects he blure and crystal clear sky above and it seems as if if the heaven and the earth are meeting at one point, thirty-three stunning, powder-soft white sand beaches await your footprints, friendly people anticipate your smiles, and a world-class vacation is only a short journey away.


Business and Economy

Anguilla has few natural resources as it is a very small country with very less population, and the economy depends heavily on luxury tourism that seems to have taken off very recently and is now a major contributor to the country’s GDP in a major way, the other things that contribute are 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. 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.


Major Cities

The only two places that are there worth visiting are The sandy ground and the The Valley.


Fact Sheet

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: commerce 36%, services 29%, construction 18%, transportation and utilities 10%, manufacturing 3%, agriculture / fishing / forestry / mining 4% (2000 est)
Unemployment rate: 6.7% (2001)
Budget:
revenues: $22.8 million
expenditures: $22.5 million, including capital expenditures of NA (2000 est.)
Industries: tourism, boat building, offshore financial services
Industrial production growth rate: 3.1% (1997 est.)
Electricity - production: NA
Electricity - production by source:
fossil fuel: NA%
hydro: NA%
other: NA%
nuclear: NA%
Electricity - consumption: 42.6 million kWh
Agriculture - products: small quantities of tobacco, vegetables; cattle raising
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





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