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  • ANTIGUA AND BARBUDA

  • Antigua Barbuda

    Antigua and Barbuda

    The economy is principally based around the tourism sector, attracting visitors to its many luxury resorts and beautiful beaches. Investment banking and financial services, together with the American University of Antigua College of Medicine and internet gambling sites, are also important components of Antigua and Barbuda’s economy. Agricultural products are produced and sold on the domestic market only. The main export products are handicrafts and electronic components, with limited presence of petroleum products, bedding, transport equipment, food and live animals. Antigua and Barbuda faces development challenges including:

    • Limited water supply
    • Concentration of workforce in tourism and construction
    • Vulnerability to natural disasters especially hurricanes
    • Great budget deficit

    Key trade issues 

    • High economic growth dependence on tourism from the United States that makes the nation vulnerable to downturns in the world market
    • Money laundering
    • Recovery from the global economic crisis which led to the collapse of the largest financial institution and a steep decline in tourism
    • Need to diversify the economy

    Government priorities 

    • Promote tourism
    • Implement an ambitious fiscal reform in order to reduce public debt
    • Provide seniors with financial assistance through public utilities
    • Promote environmental protection and sustainable development

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.