Ciao..
Thank you for your question. Below please find the information you
have requested. A few notes regarding the information. GDP is
measured using calculations known as purchasing power parity. This
method uses international dollar weights which are then applied to
quantities of goods and services. You can learn more about the
specifics of purchasing power parity at
http://www.cia.gov/cia/publications/factbook/docs/notesanddefs.html#2001
The inflation rates provided measure annual percentage changes in the
price of consumer prices.
------------------------------------------------
Anguila - "Anguilla has few natural resources, and the economy depends
heavily on luxury tourism, offshore banking, lobster fishing, and
remittances from emigrants. Increased activity in the tourism
industry, which has spurred the growth of the construction sector, has
contributed to economic growth. Anguillan officials have put
substantial effort into developing the offshore financial sector,
which is small, but growing. In the medium term, prospects for the
economy will depend largely on the tourism sector and, therefore, on
revived income growth in the industrialized nations as well as on
favorable weather conditions."
GDP: $104 Million (2001 est)
GDP Per Capita: $8,600
GDP Growth Rate: 0%
GDP Composition: agriculture: 4%,industry: 18%,services: 78%
Inflation Rate: 2.3%
Source:
CIA - The World Factbook - Anguila
http://www.cia.gov/cia/publications/factbook/geos/av.html
------------------------------------------------
Antigua and Barbuda - "Tourism continues to dominate the economy,
accounting for more than half of GDP. Weak tourist arrival numbers
since early 2000 have slowed the economy, however, and pressed the
government into a tight fiscal corner. 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 work.
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 about one-third of all tourist arrivals."
GDP: $674 million (2000 est.)
GDP per capita: $10,000 (2000 est.)
GDP composition: agriculture: 3.9%, industry: 19.1%, services: 77%
(2001 est.)
Inflation Rate: 0.4%
Source:
CIA - The World Factbook - Antigua and Barbuda
http://www.cia.gov/cia/publications/factbook/geos/ac.html
------------------------------------------------
Aruba - "Tourism is the mainstay of the small, open Aruban economy,
with offshore banking and oil refining and storage also important. The
rapid growth of the tourism sector over the last decade has resulted
in a substantial expansion of other activities. Construction has
boomed, with hotel capacity five times the 1985 level. In addition,
the reopening of the country's oil refinery in 1993, a major source of
employment and foreign exchange earnings, has further spurred growth.
Aruba's small labor force and low unemployment rate have led to a
large number of unfilled job vacancies, despite sharp rises in wage
rates in recent years. The government's goal of balancing the budget
within two years will hamper expenditures, as will the decline in
stopover tourist arrivals following the 11 September terrorist
attacks."
GDP: $1.94 billion (2000 est.)
GDP - per capita: $28,000 (2000 est.)
GDP - composition: Not Available
Inflation Rate: 4%
Source:
CIA - The World Factbook - Aruba
http://www.cia.gov/cia/publications/factbook/geos/aa.html
------------------------------------------------
Barbados-"Historically, the Barbadian economy had been dependent on
sugarcane cultivation and related activities, but production in recent
years has diversified into manufacturing and tourism. Offshore finance
and information services are important foreign exchange earners, and
there is also a light manufacturing sector. The government continues
its efforts to reduce unemployment, encourage direct foreign
investment, and privatize remaining state-owned enterprises. The
economy contracted in 2001 due to slowdowns in tourism and consumer
spending. Growth will remain anemic in 2002 with a recovery likely
near the end of the year."
GDP: $4 billion (2001 est.)
GDP per capita: $14,500 (2001 est.)
GDP composition: agriculture: 6%, industry: 16%, services: 78% (2000
est.)
Inflation Rate: 3.5%
Source:
CIA - The World Factbook - Barbados
http://www.cia.gov/cia/publications/factbook/geos/bb.html
------------------------------------------------
Bermuda-"Bermuda enjoys one of the highest per capita incomes in the
world, with its economy primarily based on providing financial
services for international business and luxury facilities for
tourists. The effects of 11 September 2001 have had both positive and
negative ramifications for Bermuda. On the positive side, a number of
new reinsurance companies have located on the island, contributing to
the expansion of an already robust international business sector. On
the negative side, Bermuda's already weakening tourism industry -
which derives over 80% of its visitors from the US - has been further
hit as American tourists have chosen not to travel. Most capital
equipment and food must be imported, with the US serving as the
primary source of goods, followed by the UK. Bermuda's industrial
sector is small, although construction continues to be important.
Agriculture is limited, only 6% of the land being arable"
GDP: $2.2 billion (2001 est.)
GDP per capita: $34,800 (2001 est.)
GDP composition: agriculture: 1%, industry: 10%, services: 89% (1995
est.)
Inflation Rate: 3%
Source:
CIA - The World Factbook - Bermuda
http://www.cia.gov/cia/publications/factbook/geos/bd.html
------------------------------------------------
British Virgin Islands-"The economy, one of the most stable and
prosperous in the Caribbean, is highly dependent on tourism,
generating an estimated 45% of the national income. An estimated
350,000 tourists, mainly from the US, visited the islands in 1998. In
the mid-1980s, the government began offering offshore registration to
companies wishing to incorporate in the islands, and incorporation
fees now generate substantial revenues. Roughly 400,000 companies were
on the offshore registry by yearend 2000. The adoption of a
comprehensive insurance law in late 1994, which provides a blanket of
confidentiality with regulated statutory gateways for investigation of
criminal offenses, is expected to make the British Virgin Islands even
more attractive to international business. Livestock raising is the
most important agricultural activity; poor soils limit the islands'
ability to meet domestic food requirements. Because of traditionally
close links with the US Virgin Islands, the British Virgin Islands has
used the dollar as its currency since 1959."
GDP: $311 million (2000 est.)
GDP - per capita: $16,000 (2000 est.)
GDP - composition: agriculture: 1.8%, industry: 6.2%, services: 92%
(1996 est.)
Inflation Rate: 3.3%
Source:
CIA - The World Factbook - British Virgin Islands
http://www.cia.gov/cia/publications/factbook/geos/vi.html
------------------------------------------------
Cayman Islands-"With no direct taxation, the islands are a thriving
offshore financial center. More than 40,000 companies were registered
in the Cayman Islands as of 1998, including almost 600 banks and trust
companies; banking assets exceed $500 billion. A stock exchange was
opened in 1997. Tourism is also a mainstay, accounting for about 70%
of GDP and 75% of foreign currency earnings. The tourist industry is
aimed at the luxury market and caters mainly to visitors from North
America. Total tourist arrivals exceeded 1.2 million in 1997, with
600,000 from the US. About 90% of the islands' food and consumer goods
must be imported. The Caymanians enjoy one of the highest outputs per
capita and one of the highest standards of living in the world."
GDP: $1.18 billion (1999 est.)
GDP - per capita: $30,000 (1999 est.)
GDP - composition: agriculture: 1.4%, industry: 3.2%,services: 95.4%
(1994 est.)
Inlfation Rate: 2.3%
Source:
CIA - The World Factbook - Cayman Islands
http://www.cia.gov/cia/publications/factbook/geos/cj.html
------------------------------------------------
Dominica-"The Dominican economy depends on agriculture, primarily
bananas, and remains highly vulnerable to climatic conditions.
Hurricane Luis devastated the country's banana crop in 1995 after
tropical storms wiped out a quarter of the 1994 crop. The subsequent
recovery has been fueled by increases in construction, soap
production, and tourist arrivals. Development of the tourism industry
remains difficult however, because of the rugged coastline, lack of
beaches, and the absence of an international airport. Economic growth
is sluggish, and unemployment is greater than 20%. The government has
been attempting to develop an offshore financial sector in order to
diversify the island's production base."
GDP: $262 million (2001 est.)
GDP - per capita: $3,700 (2001 est.)
GDP - composition: agriculture: 18%, industry: 23%, services: 59%
(2001 est.)
Inflation Rate: 1%
Source:
CIA - The World Factbook - Dominica
http://www.cia.gov/cia/publications/factbook/geos/do.html
------------------------------------------------
Guadelope-"The economy depends on agriculture, tourism, light
industry, and services. It also depends on France for large subsidies
and imports. Tourism is a key industry, with most tourists from the
US; an increasingly large number of cruise ships visit the islands.
The traditional sugarcane crop is slowly being replaced by other
crops, such as bananas (which now supply about 50% of export
earnings), eggplant, and flowers. Other vegetables and root crops are
cultivated for local consumption, although Guadeloupe is still
dependent on imported food, mainly from France. Light industry
features sugar and rum production. Most manufactured goods and fuel
are imported. Unemployment is especially high among the young.
Hurricanes periodically devastate the economy."
GDP: $3.7 billion (1997 est.)
GDP - per capita: $9,000 (1997 est.)
GDP - composition: agriculture: 15%, industry: 17%, services: 68%
(1997 est.)
Inflation Rate: Not Available
Source:
CIA - The World Factbook - Guadelope
http://www.cia.gov/cia/publications/factbook/geos/gp.html
------------------------------------------------
Grenada-"Despite government steadying of annual economic growth in
recent years through progress in fiscal reform and prudent
macroeconomic management, a downturn in tourist arrivals in 2001
threatens government spending in 2002. Grenada relies on tourism as
its main source of foreign exchange, although it also supports a small
agriculture sector and a developing offshore financial industry.
Short-term concerns include a rising fiscal deficit and the
deterioration in the external account balance."
GDP: $424 million (2001 est.)
GDP - per capita: $4,750 (2001 est.)
GDP - compositionr: agriculture: 7.7%, industry: 23.9%, services:
68.4% (2000)
Inflation Rate: 2.8%
Source:
CIA - The World Factbook - Grenada
http://www.cia.gov/cia/publications/factbook/geos/gj.html
------------------------------------------------
Martinique-"The economy is based on sugarcane, bananas, tourism, and
light industry. Agriculture accounts for about 6% of GDP and the small
industrial sector for 11%. Sugar production has declined, with most of
the sugarcane now used for the production of rum. Banana exports are
increasing, going mostly to France. The bulk of meat, vegetable, and
grain requirements must be imported, contributing to a chronic trade
deficit that requires large annual transfers of aid from France.
Tourism, which employs more than 11,000 people, has become more
important than agricultural exports as a source of foreign exchange.
The majority of the work force is employed in the service sector and
in administration."
GDP: $4.39 billion (1997 est.)
GDP - per capita: $11,000 (1997 est.)
GDP - composition: agriculture: 6%, industry: 11%, services: 83% (1997
est.)
Inflation Rate: 3.9%
Source:
CIA - The World Factbook - Martinique
http://www.cia.gov/cia/publications/factbook/geos/mb.html
------------------------------------------------
St Kitts and Nevis-"Sugar was the traditional mainstay of the St.
Kitts economy until the 1970s. Although the crop still dominates the
agricultural sector, activities such as tourism, export-oriented
manufacturing, and offshore banking have assumed larger roles in the
economy. As tourism revenues are now the chief source of the islands'
foreign exchange, a decline in stopover tourist arrivals following the
September 11 terrorist attacks has eroded government finances. The
government revised estimates of 2001 growth down to 1% and faces dim
recovery prospects in 2002, given the depressed state of the tourism
industry, low sugar prices, and a growing budget deficit."
GDP: $339 million (2001 est.)
GDP - per capita: $8,700 (2001 est.)
GDP - composition: agriculture: 3.5%, industry: 25.8%, services: 70.7%
(2001)
Inflation Rate: 1.7%
Source:
CIA - The World Factbook - St. Kitts and Nevis
http://www.cia.gov/cia/publications/factbook/geos/sc.html
------------------------------------------------
Saint Lucia-"The recent changes in the EU import preference regime and
the increased competition from Latin American bananas have made
economic diversification increasingly important in Saint Lucia. The
island nation has been able to attract foreign business and
investment, especially in its offshore banking and tourism industries.
The manufacturing sector is the most diverse in the Eastern Caribbean
area, and the government is trying to revitalize the banana industry.
Despite negative growth in 2001, economic fundamentals remain solid,
and GDP growth should recover in 2002."
GDP: $700 million (2000 est.)
GDP - per capita: $4,400 (2001 est.)
GDP - composition: agriculture: 7.9%, industry: 19.6%, services: 72.5%
(2000 est.)
Inflation Rate: 3%
Source:
CIA - The World Factbook - Saint Lucia
http://www.cia.gov/cia/publications/factbook/geos/st.html
------------------------------------------------
Saint Vincent and the Grenadines-"Bananas and other agricultural
products remain the staple of this lower-middle income country's
economy. Although tourism and other services have been growing
moderately in recent years, the government has been ineffective at
introducing new industries. Unemployment remains high, and economic
growth hinges upon seasonal variations in the agricultural and tourism
sectors. Tropical storms wiped out substantial portions of crops in
1994 and 1995, and tourism in the Eastern Caribbean has suffered low
arrivals following September 11. St. Vincent is home to a small
offshore banking sector, but its restrictive secrecy laws have come
under international review. As of June 2001, it remained on the
Financial Action Task Force's list of noncooperative jurisdictions."
GDP: $339 million (2001 est.)
GDP - per capita: $2,900 (2001 est.)
GDP - composition: agriculture: 10%, industry: 26%, services: 64%
(2001 est.)
Inflation Rate: -0.4%
Source:
CIA - The World Factbook - Saint Vincent and the Grenadines
http://www.cia.gov/cia/publications/factbook/geos/vc.html
------------------------------------------------
Trinidad and Tobago-"Trinidad and Tobago has earned a reputation as an
excellent investment site for international businesses. A leading
performer in the past 4 years has been the booming natural gas sector.
Tourism is a growing sector, although not proportionately as important
as in many other Caribbean islands. The expected recovery of the
global economy, along with anticipated higher oil prices, are plus
factors for 2002. Negative factors are persistent high unemployment
and the political uncertainties following the contentious selection of
a new government in December 2001."
GDP: $10.6 billion (2001 est.)
GDP - per capita: $9,000 (2001 est.)
GDP - composition: agriculture: 1.6%, industry: 43.2%, services: 55.2%
(2000 est.)
Inflation Rate: 5.6%
Source:
CIA - The World Factbook - "Trinidad and Tobago"
http://www.cia.gov/cia/publications/factbook/geos/td.html
------------------------------------------------
Turks and Caicos Islands-"The Turks and Caicos economy is based on
tourism, fishing, and offshore financial services. Most capital goods
and food for domestic consumption are imported. The US is the leading
source of tourists, accounting for more than half of the 93,000
visitors in 1998. Major sources of government revenue include fees
from offshore financial activities and customs receipts."
GDP: $128 million (1999 est.)
GDP - per capita: $7,300 (1999 est.)
GDP - composition by sector: Not Available
Inlfation Rate: 4%
Source:
CIA - The World Factbook - Turks and Caicos Islands
http://www.cia.gov/cia/publications/factbook/geos/tk.html
------------------------------------------------
US Virgin Islands-"Tourism is the primary economic activity,
accounting for more than 70% of GDP and 70% of employment. The islands
normally host 2 million visitors a year. The manufacturing sector
consists of petroleum refining, textiles, electronics,
pharmaceuticals, and watch assembly. The agricultural sector is small,
with most food being imported. International business and financial
services are a small but growing component of the economy. One of the
world's largest petroleum refineries is at Saint Croix. The islands
are subject to substantial damage from storms. The government is
working to improve fiscal discipline, support construction projects in
the private sector, expand tourist facilities, reduce crime, and
protect the environment."
GDP: $1.8 billion (2000 est.)
GDP - per capita: $15,000 (2000 est.)
GDP - composition: Not Available
Inflation Rate: Not Available
Source:
CIA - The World Factbook - Virgin Islands
http://www.cia.gov/cia/publications/factbook/geos/vq.html
------------------------------------------------
I hope the above information is helpful, If you need any additional
clarification, please let me know.
Regards,
-THV
Search Strategy: None
References:
The CIA World Factbook |
