The 2008 CIA World Factbook. United States. Central Intelligence Agency
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Judicial branch:
Eastern Caribbean Supreme Court (based in Saint Lucia; one judge of the Supreme Court is a resident of the islands and presides over the Court of Summary Jurisdiction); member Caribbean Court of Justice
Political parties and leaders:
Antigua Labor Party or ALP [Lester Bryant BIRD]; Barbudans for a Better Barbuda [Ordrick SAMUEL]; Barbuda People's Movement or BPM [Thomas H. FRANK]; Barbuda People's Movement for Change [Arthur NIBBS]; United Progressive Party or UPP [Baldwin SPENCER] (a coalition of three parties - Antigua Caribbean Liberation Movement or ACLM, Progressive Labor Movement or PLM, United National Democratic Party or UNDP)
Political pressure groups and leaders:
Antigua Trades and Labor Union or ATLU [William ROBINSON]; People's
Democratic Movement or PDM [Hugh MARSHALL]
International organization participation:
ACP, C, Caricom, CDB, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD,
IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ISO (subscriber), ITU,
ITUC, MIGA, NAM, OAS, OECS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UPU,
WCL, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Deborah Mae LOVELL chancery: 3216 New Mexico Avenue NW, Washington, DC 20016 telephone: [1] (202) 362–5122 FAX: [1] (202) 362–5225 consulate(s) general: Miami
Diplomatic representation from the US:
the US does not have an embassy in Antigua and Barbuda; the US Ambassador to Barbados is accredited to Antigua and Barbuda
Flag description:
red, with an inverted isosceles triangle based on the top edge of the flag; the triangle contains three horizontal bands of black (top), light blue, and white, with a yellow rising sun in the black band
Economy
Antigua and Barbuda
Economy - overview:
Antigua has a relatively high GDP per capita in comparison to most other Caribbean nations. It has experienced solid growth since 2003, driven by a construction boom in hotels and housing that which should wind down in 2008. Tourism continues to dominate the economy, accounting for more than half of GDP. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure 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 slightly more than one-third of tourist arrivals. Since taking office in 2004, the SPENCER government has adopted an ambitious fiscal reform program, but will continue to be saddled by its debt burden with a debt-to-GDP ratio exceeding 100%.
GDP (purchasing power parity):
$1.526 billion (2007 est.)
GDP (official exchange rate):
$1.089 billion (2007 est.)
GDP - real growth rate:
6.1% (2007 est.)
GDP - per capita (PPP):
$18,300 (2007 est.)
GDP - composition by sector:
agriculture: 3.8% industry: 22% services: 74.3% (2002 est.)
Labor force:
30,000 (1991)
Labor force - by occupation:
agriculture: 7% industry: 11% services: 82% (1983)
Unemployment rate:
11% (2001 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA% highest 10%: NA%
Budget:
revenues: $123.7 million expenditures: $145.9 million (2000 est.)
Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
1.5% (2007 est.)
Central bank discount rate:
6.5% (31 December 2007)
Commercial bank prime lending rate:
10.44% (31 December 2007)
Stock of money:
$294.8 million (31 December 2007)
Stock of quasi money:
$902 million (31 December 2007)
Stock of domestic credit:
$1.002 billion (31 December 2007)
Agriculture - products:
cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock
Industries:
tourism, construction, light manufacturing (clothing, alcohol, household appliances)
Industrial production growth rate:
NA%
Electricity - production:
105 million kWh (2006 est.)
Electricity - consumption:
97.65 million kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)