IMF Staff Country Reports

Antigua and Barbuda: Recent Economic Developments

Publication Date:

June 8, 1995

Summary:

This paper describes economic developments in Antigua and Barbuda during the 1990s. The growth of real GDP picked up to about 4 percent in 1993–94 on the strength of increased tourism while inflation remained low. The current account deficit of the public sector widened from less than 3 percent of GDP in 1990 to 4 percent of GDP in 1994, and the overall deficit went up to 6½ percent of GDP. Public investment remained too low to provide for the upgrading of infrastructure needed for the continued growth of tourism and the economy.

Series:

Country Report No. 1995/045

Subject:

Arrears Commercial banks Credit Economic sectors External debt Financial institutions Public sector Revenue administration

Notes:

This report on recent economic developments in Antigua and Barbuda was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.