The islands of Antigua and Barbuda

Antigua and Barbuda Economic Data & Projections

Antigua and Barbuda's Macroeconomic Analysis:

Nominal GDP of USD 1.8 billion in 2022.

Nominal GDP of USD 1.7 billion in 2022.

GDP per capita of USD 16,381 compared to the global average of USD 10,589.

GDP per capita of USD 17,527 compared to the global average of USD 10,589.

Average real GDP growth of 2.6% over the last decade.

Average real GDP growth of 1.9% over the last decade.

Share of the region's population
Share of the region's GDP

GDP by economic sector
GDP by type of expenditure

Main Economic Indicators

Economic growth

The economy recorded average annual growth of 1.9% in the decade to 2022. To read more about GDP growth in Antigua and Barbuda, go to our dedicated page.

Fiscal policy

Antigua and Barbuda's fiscal deficit averaged 0.6% of GDP in the decade to 2022. Find out more on our dedicated page.

Inflation

Inflation averaged 1.9% in the decade to 2022. Go to our Antigua and Barbuda inflation page for extra insight.

Monetary Policy

Antigua and Barbuda's monetary policy rate ended 2022 at 7.52%, down from 9.48% a decade earlier. See our Antigua and Barbuda monetary policy page for additional details.

Exchange Rate

From end-2012 to end-2022 the East Caribbean dollar stayed on the same level vs the U.S. dollar. For more info on the East Caribbean dollar, click here.

Antigua and Barbuda Economic Forecasts

Projections out to 2034.

32 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 3 expert analysts.

Want to get insight on the economic outlook for Antigua and Barbuda in the coming years? FocusEconomics collects projections out to 2034 on 32 economic indicators for Antigua and Barbuda from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Antigua and Barbuda economy. To download a sample report on the Antigua and Barbuda's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.

Antigua and Barbuda Economic Indicators

2019 2020 2021 2022 2023
Population (million) 0.1 0.1 0.1 0.1 0.1
GDP (USD bn) 1.7 1.4 1.6 1.8 -
GDP per Capita (USD) 17,272 14,470 15,605 17,527 -
GDP (LCU bn) 4.5 3.8 4.2 4.8 -
Economic Growth (Nominal GDP, ann. var. %) 4.4 -15.4 10.0 13.4 -
Economic Growth (GDP, ann. var. %) 4.3 -17.4 6.4 9.1 -
Fiscal Balance (% of GDP) -0.9 -3.7 -2.3 -0.3 0.4
Public Debt (% of GDP) 81.6 100.5 93.0 82.0 76.8
Inflation (CPI, ann. var. %, eop) 0.7 2.8 1.2 9.2 3.3
Inflation (CPI, ann. var. %, aop) 1.4 1.1 1.6 7.5 5.1
Policy Rate (%, eop) 8.53 7.58 7.51 7.52 6.88
Exchange Rate (XCD per USD, eop) 2.70 2.70 2.70 2.70 2.70
Exchange Rate (LCU per USD, aop) 3 3 3 3 3
Current Account Balance (USD bn) -0.1 -0.2 -0.3 -0.3 -0.3
Current Account Balance (% of GDP) -6.7 -15.8 -18.5 -16.7 -
Merchandise Trade Balance (USD bn) -0.6 -0.4 -0.5 -0.6 -0.7
Merchandise Exports (USD bn) 0.1 0.0 0.1 0.1 0.1
Merchandise Imports (USD bn) 0.6 0.4 0.5 0.7 0.7
Merchandise Exports (ann. var. %) 16.5 -25.8 36.1 63.5 14.1
Merchandise Imports (ann. var. %) 0.6 -29.7 19.3 38.0 2.9
Foreign Direct Investment (USD bn) -0.1 -0.1 -0.3 -0.3 -0.3
International Reserves (USD bn) 0.3 0.2 0.4 0.4 0.4
International Reserves (months of imports) 5.3 6.0 8.4 6.6 5.9
External Debt (USD bn) 0.7 0.7 0.8 0.8 -
External Debt (% of GDP) 40 48 50 45 -
Free Sample Report

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