2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 14 Antigua and Barbuda - Selected Economic Indicators

2016ᴿ

2017ᴿ

2018ᴿ

2019ᴿ

2020ᴾ

(Annual Percentage Change Unless Otherwise Indicated)

National Income and Prices Nominal Gross Domestic Product (GDP) at Market Prices

7.47 5.50 1.87

2.19 3.14

9.36 6.95 2.25 1.74 1.21

3.53 3.35 0.17 0.69 1.43 0.46 2.07 4.06 9.80 6.64 1.42 7.79 3.85 7.27 4.81 0.79 5.65 5.26 5.15

(14.86) (15.97)

Real GDP at Market Prices

Deflator

(0.93)

1.33 2.78 1.06

Consumer Prices (end of period)* Consumer Prices (period average)*

(1.12) (0.49)

2.36 2.43

Real Gross Value Added (GVA) at basic prices Agriculture, Livestock and Forestry

2.47 5.00

1.49

(0.99)

1.05

Fishing

28.11 14.31 (2.46)

2.09

-

Mining and Quarrying

11.42

16.00

(7.50) (8.00)

Manufacturing

6.41 0.66

6.63 6.19

(6.18)

Electricity and Water

0.95

(10.41) (20.97) (13.99) (54.67) (24.56) (35.59)

Construction

19.21

20.15

27.11

Wholesale and Retail Trade

1.64 6.37 2.80

0.36

(1.86)

Hotels and Restaurants

(2.24)

8.29 7.04 5.60 9.16 5.51 3.46 6.50 0.61 2.52

Transport, Storage and Communications

1.09 3.97

Transport

(0.03)

Communication

6.96

(2.88)

(1.04)

(7.50) (0.81)

Financial Intermediation

(1.23)

6.67 2.78 3.08

Real Estate, Renting and Business Activities

2.73 5.47

1.47

Public Administration, Defence & Compulsory Social Security

(1.10) (3.88) (0.91)

Education

18.64

(0.77)

Health and Social Work

5.15

2.75

Other Community, Social & Personal Services Activities of Private Households as Employers

(5.17) (8.96)

(0.07)

13.82

(3.14) (0.82)

(23.82) (25.00) (18.92)

(11.91)

(0.14)

FISIM

(11.92)

3.99

6.02

0.42

(In percent of GDP)

External Sector Public Sector External Debt (end-of-period)**

39.91

38.26

36.40

37.00

44.44

Central Government Current Account Balance

(0.90)

(1.24)

(2.28)

(1.95)

(2.73)

Current Revenue

20.02

19.99

18.81

18.85

19.52

Current Expenditure

20.93

21.22

21.09

20.80

22.25

Capital Expenditure and Net Lending

3.97

1.53

1.93

1.94

2.70

Overall Fiscal Balance

(0.38)

(2.44)

(3.20)

(3.82)

(5.29)

(in percent per annum)

Monetary Sector Weighted Deposit Interest Rates Weighted Lending Interest Rates

1.68 9.11

1.63 9.02

1.44 8.44

1.53 8.53

1.49 7.58

(in millions of EC dollars, unless otherwise stated)

Memo Nominal GDP at Market Prices Real GDP at Market Prices Merchandise Imports (f.o.b)

3,878.78 3,174.65 1,135.74

3,963.54 3,274.48 1,316.91

4,334.45 3,502.07 1,660.25

4,487.30 3,619.43 1,665.32

3,820.66 3,041.28 1,173.39

Merchandise Exports

69.03

56.31

69.77

101.73

58.78

Gross Visitor Expenditure

1,708.25

1,638.68

1,730.67

2,095.54

902.86

GDP per capita (EC$)

42,088.88

42,354.12

45,619.11

46,427.87

38,949.33

* Consumer Prices for 2019 is based on the revised base year January 2019

** External Public Sector debt as at September 2019

Source: Statistics Division,Ministry of Finance, The Economy and Public Administration, Antigua and Barbuda and Eastern Caribbean Central Bank Estimates Data as at 10 February 2021

67