Tourism continues to be the dominant activity in
the economy accounting directly or indirectly for more than half of
GDP. In 1999 the budding offshore financial sector was seriously hurt
by financial sanctions imposed by the US and UK as a result of the
loosening of its money-laundering controls. The government has made
efforts to comply with international demands in order to get the
sanctions lifted. The dual island nation's agricultural production is
mainly directed to the domestic market; the sector is constrained by
the limited water supply and labor shortages that reflect the pull of
higher wages in tourism and construction. Manufacturing comprises
enclave-type assembly for export with major products being bedding,
handicrafts, and electronic components. Prospects for economic growth
in the medium term will continue to depend on income growth in the
industrialized world, especially in the US, which accounts for about
one-third of all tourist arrivals.

purchasing power parity - $524 million (1999 est.)

2.8% (1999 est.)

purchasing power parity - $8,200 (1999 est.)

agriculture: 4%
industry: 12.5%
services: 83.5% (1996 est.)

NA%

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

1.6% (1999 est.)

30,000

commerce and services 82%, agriculture
11%, industry 7% (1983)

7% (1999 est.)

revenues: $122.6 million
expenditures: $141.2 million, including capital expenditures of $17.3
million (1997 est.)

tourism, construction, light manufacturing (clothing,
alcohol, household appliances)

6% (1997 est.)

90 million kWh (1998)

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

84 million kWh (1998)

0 kWh (1998)

0 kWh (1998)

cotton, fruits, vegetables, bananas, coconuts,
cucumbers, mangoes, sugarcane; livestock

$38 million (1998)

petroleum products 48%, manufactures 23%, food
and live animals 4%, machinery and transport equipment 17%

OECS 26%, Barbados 15%, Guyana 4%, Trinidad and
Tobago 2%, US 0.3%

$330 million (1998)

food and live animals, machinery and transport
equipment, manufactures, chemicals, oil

US 27%, UK 16%, Canada 4%, OECS 3%

$357 million (1998)

$2.3 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