What type of economy does Antigua and Barbuda have?

Antigua and Barbuda: Economy

Economic Trivia	Tourism accounts for nearly 60% of GDP and 40% of investment.
Top Industries	Tourism; Construction; Light Manufacturing (Clothing, Alcohol, Household Appliances)

How would you describe Antigua and Barbuda?

The island has an area of 108 square miles (280 square km). It is mostly low and undulating, but in the west there are volcanic rocks that rise to 1,330 feet (405 metres) at Mount Obama (formerly Boggy Peak). An absence of mountains and forests distinguishes Antigua from the other Leeward Islands.

What are the natural resources found in Antigua?

Geography of Antigua and Barbuda

Region	Caribbean
Terrain	low-lying limestone and coral islands, with some higher volcanic areas
Natural resources	marine resources, cotton
Natural hazards	hurricanes and tropical storms (July to October); periodic droughts
Environmental issues	water management, deforestation

What do you call someone from Antigua?

Antiguan. ? noun a native or inhabitant of Antigua, or the country of Antigua and Barbuda, in the West Indies.

Is education free in Antigua?

Education in Antigua and Barbuda is compulsory and free for children between the ages of 5 and 16 years. The system of education in Antigua and Barbuda is based on the British educational system. The school year begins in September and ends in June of the following year.

What is grown in Antigua?

The main agricultural products are cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane and livestock, and is mainly focused on the domestic market.

Where does Antigua get fresh water?

Three types of water sources are used in water production in Antigua; the sea, surface water and ground water. The sea is all around the Island, surface water is from rain which gathers in ponds and dams, and ground water from deep within the earth, accessed through wells.

What kind of economy does Antigua and Barbuda have?

The decline in the sugar industry left 60% of the country’s 66,000 acres (270 km 2) under government control, and the Ministry of Agriculture is encouraging self-sufficiency in certain foods in order to curtail the need to import food, which accounts for about 25% by value of all imports.

How many people visit Antigua and Barbuda a year?

Figures released by the East Caribbean Central Bank (ECCB) in 2000 show that total visitor arrivals increased steadily from 470,975 in 1995 to 613,990 in 1998. In 1999 total visitor arrivals declined by about 4.1 percent to 588,866, yet the number of visitors staying at least 1 night or more increased by 1.9 percent over 1998 to total 207,862.

What kind of currency does Antigua and Barbuda use?

The Eastern Caribbean Central Bank (ECCB) issues a common currency (the East Caribbean dollar) for all members of the ECCU. The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries. Antigua and Barbuda is a beneficiary of the U.S. Caribbean Basin Initiative.

What kind of fishing does Antigua and Barbuda do?

The main fishing waters are near shore or between Antigua and Barbuda. There are shrimp and lobster farms operating, and the Smithsonian Institution has a Caribbean king crab farming facility for the local market. The government has encouraged modern fishing methods and supported mechanization and the building of new boats.