Economy of Anguilla

Economy of Anguilla

Currency	East Caribbean dollar (XCD) 1 US$ = 2.7 XCD (2014)
Fiscal year	1 April - 31 March
Trade organisations	OECS, CARICOM (associate)
Statistics
GDP	-8.5% (2009 est.)
GDP per capita	$12,200 (2008 est.)
GDP by sector	agriculture: (2.6%) industry: (24.4%) services: (73%) (2014 est.)
Inflation (CPI)	3.1% (2014 est.)
Population below poverty line	23% (2002 est.)
Labour force	6,049 (2001 est.)
Labour force by occupation	agriculture: 4%, industry: 21%, services: 75% (2000 est.)
Unemployment	8% (2002 est.)
Main industries	tourism, boat building, offshore financial services
External
Exports	$11.7 million (2014 est.) [1]
Export goods	lobster, fish, livestock, salt, concrete blocks, rum
Main export partners	United Kingdom N/A%  United States N/A%  Puerto Rico N/A%  Saint Martin N/A%
Imports	$138.3 million (2014 est.)
Import goods	fuels, foodstuffs, manufactures, chemicals, trucks, textiles
Main import partners	United States N/A%  Puerto Rico N/A%  United Kingdom N/A%  Trinidad and Tobago N/A%
Public finances
Government debt	$8.8 million (1998)
Economic aid	$9  million (2004)
All values, unless otherwise stated, are in US dollars.

The economy of Anguilla depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Due to its small size, few natural resources, and reliance on tourism and foreign direct investment, Anguilla is vulnerable to external economic conditions in the United States, Canada and Europe. Therefore, economic growth in Anguilla can be very volatile. Anguilla's currency is the East Caribbean dollar, though the US dollar is also widely accepted.^[2] The exchange rate is fixed to the US dollar at US$1 = EC$2.70.