Anguilla has few natural resources, and the
economy depends heavily on luxury tourism, offshore banking, lobster
fishing, and remittances from emigrants. The economy, and especially
the tourism sector, suffered a setback in late 1995 due to the effects
of Hurricane Luis in September but recovered in 1996. Increased
activity in the tourism industry, which has spurred the growth of the
construction sector, contributed to economic growth in 1997-98.
Anguillan officials have put substantial effort into developing the
offshore financing sector. A comprehensive package of financial
services legislation was enacted in late 1994. In the medium term,
prospects for the economy will depend on the tourism sector and,
therefore, on continuing income growth in the industrialized nations
as well as favorable weather conditions.

purchasing power parity - $88 million (1998 est.)

6.5% (1998 est.)

purchasing power parity - $7,900 (1998 est.)

agriculture: 4%
industry: 18%
services: 78% (1997 est.)

NA%

lowest 10%: NA%
highest 10%: NA%

2.5% (1998 est.)

4,400 (1992)

commerce 36%, services 29%, construction
18%, transportation and utilities 10%, manufacturing 3%,
agriculture/fishing/forestry/mining 4%

7% (1992 est.)

revenues: $20.4 million
expenditures: $23.3 million, including capital expenditures of $3.8
million (1997 est.)

tourism, boat building, offshore financial services

3.1% (1997 est.)

NA kWh

fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

NA kWh

NA kWh

NA kWh

small quantities of tobacco, vegetables;
cattle raising

$4.5 million (1998)

lobster, fish, livestock, salt

NA

$57.6 million (1998)

NA

NA

$8.8 million (1998)

$3.5 million (1995)

1 East Caribbean dollar (EC$) = 100 cents

East Caribbean dollars (EC$) per US$1 - 2.7000 (fixed
rate since 1976)

1 April - 31 March