EU Portal .net

Economy of Antigua and Barbuda

I want to introduct something about MX9115 sofa. Product details: 1. Dimensions (cm): Left arm sofa: 135*98*60(L*W*H) Corner sofa bed: 210*98*60 (L*W*H) Ottoman:110*98*35(L*W*H) Height of leg:5stainless steel 2. Colors: Various colors available Products can be made according to clients’ requirements, OEM is welcome 3. Features: Popular designs, superior quality, and reasonable price 4. Fabric series available: Material for the sample: fabric Composition: Polyester 83% Viscose 17% You can choose as your desire. 5. Slipcover can take off and washable 6. Inside materials: (1) Sponge and bandage: fireproof high density and high elastic bandage (2) Frame: commercial grade made of kiln-dried solid wood (3) Spring: no-sag sinuous spring 7.Or UKFR foam (BS5852) , American standard (CA117) available 8. Warranty: (1) One year against manufacture defect (2) Offer lifetime consultation on problems occurred Packing: Standard export packing for shipping( four layer
Economy of Antigua and Barbuda
Currency
East Caribbean dollar (XCD)
Fiscal year
1 April – 31 March
Trade organisations
WTO, CARICOM
Statistics
GDP
$750 million (2002 est.)
GDP growth
3% (2002 est.)
GDP per capita
$11,000 (2002 est.)
GDP by sector
agriculture: 3.9%, industry: 19.2%, services: 76.8% (2002)
Inflation (CPI)
0.4% (2000 est.)
Populationbelow poverty line
no data
Labour force
30,000
Labour forceby occupation
agriculture: 7%, industry: 11%, services: 82% (1983)
Unemployment
11% (2001 est.)
Main industries
tourism, construction, light manufacturing (clothing, alcohol, household appliances)
External
Exports
$214 million (2004 est.)
Export goods
petroleum products 48%, manufactures 23%, machinery and transport equipment 17%, food and live animals 4%, other 8%
Main export partners
Spain 29.9%, Germany 18.2%, Poland 13.9%, Italy 6.4%, Singapore 5.1%, UK 4.4% (2005)
Imports
$735 million (2004 est.)
Import goods
food and live animals, machinery and transport equipment, manufactures, chemicals, oil
Main import partners
US 20.3%, China 15.7%, Singapore 12.2%, Germany 10.9%, Spain 6.3% (2005)
Public finances
Public Debt
$231 million (1999)
Revenues
$123.7 million (2000)
Expenses
$145.9 million (2000)
Economic aid
recipient: $2.3 million (1995)
Main data source: CIA World Fact BookAll values, unless otherwise stated, are in US dollars
This box: view?talk
Antigua and Barbuda’s economy is service-based, with tourism and government services representing the key sources of employment and income. Tourism accounts directly or indirectly for more than half of GDP and is also the principal earner of foreign exchange in Antigua and Barbuda. However, a series of violent hurricanes since 1995 resulted in serious damage to tourist infrastructure and periods of sharp reductions in visitor numbers. In 1999 the budding offshore financial sector was seriously hurt by financial sanctions imposed by the United States and United Kingdom as a result of the loosening of its money-laundering controls. The government has made efforts to comply with international demands in order to get the sanctions lifted. The dual island nation’s agricultural production is mainly directed to the domestic market; the sector is constrained by the limited water supply and labor shortages that reflect the pull of higher wages in tourism and construction. 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. Estimated overall economic growth for 2000 was 2.5%. Inflation has trended down going from above 2 percent in the 1995-99 period and estimated at 0 percent in 2000.
To lessen its vulnerability to natural disasters, Antigua has been diversifying its economy. Transportation, communications and financial services are becoming important.
Antigua is a member of the Eastern Caribbean Currency Union (ECCU). 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. Its 1998 exports to the U.S. were valued at about US $3 million and its U.S. imports totaled about US $84 million. It also belongs to the predominantly English-speaking Caribbean Community (CARICOM).
Economic History
Prior to colonization, several Amerindian groups inhabited Antigua and Barbuda, all of which relied on a subsistence lifestyle. British colonists established settlements in the islands in 1632. After fighting off the Caribs, Dutch, and French to stabilize their colonies, settlers grew tobacco, indigo, cotton, and ginger as cash crops. As on many other Caribbean islands, sugar cultivation became the most profitable enterprise, quickly surpassing other crops in economic importance. Due to the vast tracts of land needed for large-scale sugar production, rainforests on the islands were decimated. Timber from the rainforests was used in shipbuilding and…(and so on) To get More information , you can visit some products about european kitchen cabinets, Chair And Table, . The MX9115 sofa products should be show more here!

About the Author

himfr can provide you most popular hot products from china!

EU economy in trouble

The Economic Transformation of the Soviet Union, 1913-1945 $45.47 This book is ideal for students studying a key period of Soviet economic history. It brings together and makes available the results of the latest research on Soviet industrialization, using a vast amount of primary evidence, and the methods of quantitative economic analysis. Leading scholars in the field analyze the Soviet economy sector by sector, from agriculture to defense and technology, an…

Choices in Health Policy: An Agenda for the European Union (European Political Economy) $101.25 This work is based on a report prepared for the European Commission. It provides a survey of the main determinants of current health status in the European Union, the organization of health services and the issues that Member States have to address in framing policies for the future….

The New European Economy: The Politics and Economics of Integration $52.00 Many changes have occurred in Europe in the last few years, with more developments arising in light of the unification of the European economic market in 1992. This volume scrutinizes the process of economic integration in Western Europe and its gradual emergence as a new regional entity. Tsoukalis identifies some distinguishing features of this economy as well as the outstanding issues as 1992 ap…