Antigua and Barbuda Economics and Business

The economy of Antigua and Barbuda was long dominated by sugar production, and until 1960, sugar was the most important export commodity. The decline in sugar prices on the world market has reduced the importance of the industry. Fruit, vegetables and cotton are now grown; livestock.

According to COUNTRYAAH, the tourism industry is the most important trade route in terms of both value and employment. It also manufactures rooms, leather, machines and appliances, electrical components and furniture. Some fishing industry.

Antigua and Barbuda GDP (Nominal, $USD) 2003-2017

Foreign Trade

Abbreviated as ATG by abbreviationfinder.org, the country of Antigua and Barbuda has a large deficit in the trade balance with abroad. Petroleum products (re-exports), fish and fish products, household appliances, electrical components etc. are exported. The main trading partners are the other CARICOM countries as well as the USA and the UK.

Transport and Communications

Deep water jetty at Saint John’s and great cruise ship port. Large marina in English Harbor on the south coast. International Airport (VC Bird) in Antigua.

Note: the capital city of Antigua and Barbuda is St John’s with a population of 21,643 (Census 2011). Other major cities include All Saints (in Antigua), Codrington (in Barbuda).

Antigua and Barbuda Economics and Business

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