Antigua and Barbuda
Description of Antigua and Barbuda
Welcome to our website dedicated to providing insightful analysis on the economic and geopolitical landscape of Antigua and Barbuda. As a nation composed of two islands in the Eastern Caribbean, Antigua and Barbuda boasts a rich history, vibrant culture, and immense potential for growth and development. Through our in-depth research and expert commentary, we aim to shed light on the key macroeconomic indicators, geopolitical influences, and strategic considerations shaping the future of Antigua and Barbuda in the global arena. Join us as we explore the opportunities and challenges facing this unique country and delve into the factors that will define its trajectory in the years to come.
Population And Age Structure
Antigua and Barbuda has a total population of 92,664, which is significantly below the average population of 40,097,746. The country ranks 183 out of 194 countries in terms of total population.
The percentage of the population ages 0-14 in Antigua and Barbuda is 19.08%, lower than the average of 27.34%. This places the country at rank 134 out of 194 countries included in the data.
Antigua and Barbuda has 17,683 children aged 0-14, much lower than the average of 10,327,379. This ranks the country 183 out of 194 in this category.
With 71.11% of its population aged 15-64, Antigua and Barbuda surpasses the average of 63.44%, placing it at rank 16 out of 194 countries.
In terms of the total population aged 15-64, which is 65,896 in Antigua and Barbuda, the country falls below the average of 26,003,407. This places Antigua and Barbuda at rank 182 out of 194 countries.
The percentage of the population aged 65 and above in Antigua and Barbuda is 9.80%, slightly above the average of 9.22%. The country ranks 69 out of 194 countries in this age group.
In the category of the total population aged 65 and above, Antigua and Barbuda's population of 9,085 is significantly below the average of 3,766,959. The country ranks 181 out of 194 countries for this demographic.
Summary
Antigua and Barbuda has a relatively small population compared to the global average, with a higher percentage of working-age individuals (15-64 years old) and a lower percentage of children (0-14 years old) and elderly (65 and above). This demographic distribution is crucial for policymakers and investors as it indicates the country's potential labor force capacity, dependency ratio, and healthcare needs, which are vital factors for economic planning and social welfare programs.
Population Miscellaneous
Rural population in Antigua and Barbuda is 70,023, significantly below the average of 18,044,041. The country ranks 172 out of 190 countries in the dataset.
Rural population (% of total population) in Antigua and Barbuda is 75.57%, above the average of 41.16%. The country ranks 18 out of 190 countries in the dataset.
Urban population in Antigua and Barbuda is 22,641, considerably below the average of 22,425,747. The country ranks 190 out of 194 countries in the dataset.
Urban population (% of total population) in Antigua and Barbuda is 24.43%, well below the average of 59.69%. The country ranks 177 out of 194 countries in the dataset.
Antigua and Barbuda has an Age dependency ratio (% of working-age population) of 40.62, below the average of 59.22. The country ranks 179 out of 194 countries in the dataset.
Antigua and Barbuda's Birth rate, crude (per 1,000 people) is 12.16, lower than the average of 19.38. The country ranks 128 out of 192 countries in the dataset.
Death rate, crude (per 1,000 people) in Antigua and Barbuda is 5.96, below the average of 8.21. The country ranks 154 out of 192 countries in the dataset.
Fertility rate, total (births per woman) in Antigua and Barbuda is 1.57, lower than the average of 2.60. The country ranks 144 out of 190 countries in the dataset.
Summary
Antigua and Barbuda has a relatively small rural population and a high percentage of rural population compared to the global average. The urban population is also below average, with a low urban population percentage. The country has a lower age dependency ratio, birth rate, death rate, and fertility rate compared to the global averages.
These indicators are important as they provide insights into the demographic structure, urbanization level, and population dynamics of Antigua and Barbuda. They can influence policy-making in areas such as healthcare, education, labor force, and social welfare programs to cater to the specific demographic characteristics and needs of the population.
Natural Resources
- The forest area in Antigua and Barbuda is 81.2 sq. km, significantly below the average of 211,606.11 sq. km, ranking the country 178th out of 191 countries. - The land area of Antigua and Barbuda is 440 sq. km, considerably lower than the average of 665,166.51 sq. km, placing the country in the 181st position out of 194 countries. - Antigua and Barbuda's surface area is 440 sq. km, well below the average of 689,779.56 sq. km, ranking the country 181st out of 194 countries. - The arable land in Antigua and Barbuda covers 4,000 hectares, significantly less than the average of 7,329,543.16 hectares, with the country ranking 172nd out of 190 countries. - Antigua and Barbuda's land under cereal production is 3 hectares, far below the average of 4,206,011.63 hectares, placing the country in the 174th position out of 174 countries. - The average precipitation in depth in Antigua and Barbuda is 1,030 mm per year, slightly lower than the average of 1,157.83 mm per year, with the country ranking 89th out of 178 countries. - Antigua and Barbuda's renewable internal freshwater resources total 0.052 billion cubic meters, significantly less than the average of 240.41 billion cubic meters, ranking the country 174th out of 178 countries.
Summary
Antigua and Barbuda's low forest area, land area, arable land, and renewable internal freshwater resources in comparison to global averages indicate limited natural resources for agriculture and environmental sustainability. The country's minimal land under cereal production and below-average precipitation may pose challenges for food security and agricultural productivity. These indicators highlight the need for sustainable land management practices and water conservation efforts to ensure long-term environmental and economic stability in Antigua and Barbuda.
Commodities
Antigua and Barbuda's Cereal production of 11.4 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 174th out of 174 countries included in the data.
Antigua and Barbuda's Aquaculture production of 20 metric tons is well below the average of 679,642.92 metric tons, ranking 163rd out of 180 countries.
Antigua and Barbuda's Capture fisheries production of 3,115 metric tons falls short of the average of 467,453.06 metric tons, ranking 152nd out of 190 countries.
Antigua and Barbuda's Total fisheries production of 3,135 metric tons is below the average of 1,153,914.85 metric tons, placing the country 163rd out of 182 countries.
Antigua and Barbuda's Fertilizer consumption of 8.735 kilograms per hectare of arable land is notably lower than the average of 159.04 kilograms per hectare, placing the country at 161st out of 187 countries in the dataset.
Summary
Antigua and Barbuda's agricultural and fisheries productions are significantly below global averages, ranking poorly among countries in these sectors. Particularly, the country's low fertilizer consumption indicates a potential challenge in optimizing agricultural productivity and food security. Addressing these production deficiencies is crucial for Antigua and Barbuda's economic development and sustainability.
Intellectual Property
For Industrial design applications, resident, by count, Antigua and Barbuda's value of 1 is significantly below the average of 9799.57. This places Antigua and Barbuda at a low rank of 112 out of 113 countries.
Antigua and Barbuda's Patent applications by nonresidents is also below average with a value of 3, compared to the average of 6538.40. The country ranks 120 out of 129 in this aspect.
In terms of Trademark applications by nonresidents, Antigua and Barbuda's value of 1573 is notably lower than the average of 15878.93. This places the country at a rank of 108 out of 130.
Antigua and Barbuda's Trademark applications by residents, at 299, are significantly below the average of 111055.78. The country ranks 111 out of 129.
For Scientific and technical journal articles, Antigua and Barbuda's value of 7.29 is well below the average of 15103.76. The country ranks 182 out of 192 in this category.
Regarding Charges for the use of intellectual property, payments, Antigua and Barbuda's value of 1307832.81 is significantly below the average of 3218843494.39. This places the country at a rank of 125 out of 143.
Summary
Antigua and Barbuda lags behind the global average in various key macroeconomic indicators related to industrial design, patent applications, trademark applications, scientific and technical journal articles, and charges for the use of intellectual property payments. These low rankings indicate a relatively weaker presence and activity in these sectors compared to other countries. This could suggest lower levels of innovation, investment, and intellectual property protection in Antigua and Barbuda, highlighting potential areas for improvement to boost economic growth and competitiveness on a global scale.
Broad Economy Attributes
GDP (current US$): Antigua and Barbuda's GDP is 1410796296.30 USD, which is significantly below the average GDP of 442870224838.68 USD. The country ranks 174 out of 189 countries in the dataset.
GDP, PPP (current international $): Antigua and Barbuda's GDP (PPP) is 1865341985.21 international dollars, noticeably lower than the average GDP (PPP) of 734141122350.78 international dollars. It ranks 168 out of 181 countries.
GDP per capita (current US$): The GDP per capita of Antigua and Barbuda is 15224.86 USD, slightly below the average of 15462.11 USD. This places the country at the 54th position out of 190 countries.
GDP per capita, PPP (current international $): Antigua and Barbuda's GDP per capita (PPP) stands at 20130.17 international dollars, lower than the average of 21251.89 international dollars. The country ranks 64 out of 181 nations.
GNI (current US$): The GNI of Antigua and Barbuda is 1390825925.93 USD, significantly under the average GNI of 452040815370.70 USD. It holds the 171st position out of 185 countries.
GNI, PPP (current international $): Antigua and Barbuda's GNI (PPP) amounts to 1838937343.79 international dollars, notably lower than the average of 730698223823.47 international dollars. The country ranks 168 out of 181 nations.
GNI per capita, PPP (current international $): Antigua and Barbuda's GNI per capita (PPP) is 19850 international dollars, slightly below the average of 20615.75 international dollars. It is positioned at 63 out of 181 countries.
Summary
Antigua and Barbuda exhibits below-average figures across key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita in both USD and PPP metrics. The country ranks relatively low compared to the global average in these indicators, highlighting its economic challenges and potential areas for development and improvement.
Broad Value Added
Antigua and Barbuda's Gross value added at basic prices (GVA) is $1.29 billion, which is significantly below the average of $360.07 billion, ranking 165 out of 176 countries in the dataset. The country's Agriculture, forestry, and fishing value added (% of GDP) is 2.28%, well below the average of 10.86%, placing Antigua and Barbuda at the 141st position out of 182 countries.
Additionally, Antigua and Barbuda's Agriculture, forestry, and fishing value added in current US dollars is $32.17 million, significantly lower than the average of $19.92 billion, ranking 176 out of 182 countries. The country's Services value added (% of GDP) is 67.81%, above the average of 56.72%, positioning Antigua and Barbuda at the 33rd place out of 183 countries.
Moreover, Antigua and Barbuda's Services value added in current US dollars is $956.68 million, which is notably below the average of $295.84 billion, ranking the country 168th out of 183 countries. Lastly, the country's Industry (including construction) value added in current US dollars is $298.15 million, significantly lower than the average of $118.42 billion, placing Antigua and Barbuda at the 166th position out of 183 countries.
Summary
Antigua and Barbuda lags behind the global average in key macroeconomic indicators such as Gross Value Added, Agriculture, forestry, and fishing value added, Services value added, and Industry value added. These low values suggest that Antigua and Barbuda's economy is comparatively smaller and less diversified than the average, potentially indicating a reliance on a narrower range of industries for economic growth. This highlights the need for the country to diversify its economy and potentially invest more in sectors beyond services to boost overall economic performance and resilience.
Manufacturing Value Added
Antigua and Barbuda's Manufacturing, value added (current US$) is significantly below the attribute average, ranking 163 out of 173 countries. This indicates a deviation of -76166083293.36719 from the average.
Regarding Manufacturing, value added (% of GDP), Antigua and Barbuda's value is also below the attribute average, ranking 162 out of 173 countries. The country's percentage of 2.91298583673523 is 8.98968701092478 lower than the average.
Summary
Antigua and Barbuda's manufacturing sector, in terms of both total value added and as a percentage of GDP, lags significantly behind the global average, ranking 163rd and 162nd out of 173 countries respectively. This indicates a limited contribution of the manufacturing sector to the country's overall economic output. The underperformance in these indicators suggests potential challenges in terms of industrial development, economic diversification, and competitiveness for Antigua and Barbuda.
Money
Antigua and Barbuda's consumer price inflation rate is below the global average at 0.63%, ranking 117th out of 165 countries. Their GDP deflator inflation rate is also below average at 0.80%, ranking 127th out of 188 countries. The country's broad money growth is significantly below average at -8.72%, ranking 137th out of 139 countries in the dataset. In terms of broad money as a percentage of GDP, Antigua and Barbuda exceeds the average at 92.54%, ranking 35th out of 139 countries. Additionally, their broad money to total reserves ratio is slightly above average at 5.89, placing them 20th out of 126 countries.
Summary
Antigua and Barbuda demonstrates low consumer price inflation rate, GDP deflator inflation rate, and broad money growth compared to global averages. However, the country has a high broad money as a percentage of GDP and a slightly above-average broad money to total reserves ratio. These indicators suggest that Antigua and Barbuda may prioritize maintaining relative stability in prices and money supply over stimulating economic growth through increased money supply. The high broad money as a percentage of GDP indicates a relatively high level of liquidity in the economy, while the above-average broad money to total reserves ratio suggests a comfortable level of foreign exchange reserves to address potential external shocks.
Investment
Antigua and Barbuda has a net Foreign Direct Investment (FDI) of approximately -74.8 million USD, ranking 58th out of 169 countries. This value is above the average FDI of -1.62 billion USD.
The country's net inflows FDI amount to around 106.2 million USD, positioning Antigua and Barbuda at 127th out of 182 countries. This value is below the average net inflows FDI of 5.75 billion USD.
Antigua and Barbuda's net inflows FDI as a percentage of GDP stand at 7.53%, ranking 19th out of 178 countries. This percentage is significantly higher than the average of 2.61%.
Furthermore, the country shows net outflows FDI of 821,398.76 USD, placing it at 114th out of 156 countries. This value is below the average net outflows FDI of 5.71 billion USD.
Additionally, Antigua and Barbuda has net outflows FDI as a percentage of GDP at 0.06%, ranking 103rd out of 155 countries. This percentage is below the average of 1.00%.
Antigua and Barbuda experiences a negative net Portfolio Investment of approximately -38.5 million USD, ranking 96th out of 159 countries. This value is below the average net Portfolio Investment of 679.56 million USD.
Finally, the country's net portfolio equity inflows are around -593,968 USD, ranking 69th out of 125 countries. This value is significantly lower than the average net portfolio equity inflows of 9.20 billion USD.
Summary
Antigua and Barbuda's performance in terms of Foreign Direct Investment (FDI) indicates a mixed scenario. While the country has a relatively high percentage of FDI as a percentage of GDP, its net FDI and net outflows FDI are below global averages. Additionally, the negative net Portfolio Investment suggests a lack of investor confidence in the country's financial markets.
These findings are crucial as they highlight areas where Antigua and Barbuda may need to attract more investment, both in terms of foreign direct investment and portfolio equity. Improving these indicators could lead to increased economic growth, job creation, and overall prosperity for the nation.
Broad Trade Attributes
Trade (% of GDP): Antigua and Barbuda's trade accounts for 94.35% of its GDP, exceeding the average of 82.34%. This places the country at rank 41 out of 163 countries with available data.
Merchandise trade (% of GDP): Antigua and Barbuda's merchandise trade represents 36.86% of its GDP, below the average of 60.01%. The country is ranked 145 out of 186 countries included in the data.
Trade in services (% of GDP): Antigua and Barbuda's trade in services makes up 60.69% of its GDP, significantly higher than the average of 24.63%. This places the country at a notable rank of 13 out of 171 countries.
External balance on goods and services (current US$): Antigua and Barbuda has an external balance of -148,470,370.37 USD, which is substantially below the average of 3,405,509,011.13 USD. The country is ranked 72 out of 163 countries in this aspect.
External balance on goods and services (% of GDP): Antigua and Barbuda's external balance relative to GDP is -10.52%, lower than the average of -5.97%. The country ranks 118 out of 163 countries in this metric.
Summary
Antigua and Barbuda's economy heavily relies on trade, with trade accounting for a significant 94.35% of its GDP. While the country excels in trade in services, its merchandise trade lags behind the global average. The negative external balance in goods and services, both in absolute terms and relative to GDP, indicates a potential economic vulnerability and the need to focus on improving trade balance to ensure sustainable economic growth.
Net Trade
Antigua and Barbuda's current account balance (BoP, current US$) is significantly below the average, ranking 87th out of 170 countries. The current account balance (% of GDP) also falls below the average, placing Antigua and Barbuda at 161st out of 170 countries. In terms of net trade in goods and services (BoP, current US$), Antigua and Barbuda's value is far below the average, securing the 74th spot out of 171 countries. The country's net primary income (BoP, current US$) is above the average, ranking 49th out of 170 countries. Antigua and Barbuda's net secondary income (BoP, current US$) is above the average as well, with a rank of 124 out of 170 countries. Moreover, the net trade in goods (BoP, current US$) is notably below average, placing Antigua and Barbuda at 89th out of 171 countries. On the other hand, the country's net capital account (BoP, current US$) is significantly below the average, ranking 86th out of 159 countries. Lastly, the net financial account (BoP, current US$) is above the average, securing Antigua and Barbuda a rank of 86 out of 170 countries.
Summary
Antigua and Barbuda's current account balance, net trade in goods and services, and net capital account are all below average compared to other countries, indicating potential challenges in terms of international trade and financial flows. Conversely, the country's net primary and secondary incomes, as well as net financial account, are performing above average, pointing towards strengths in income generation and financial investments. These indicators are crucial as they provide insights into the country's economic stability, trade competitiveness, and ability to attract investments from abroad.
Broad Export Attributes
Antigua and Barbuda's Exports of goods, services and primary income amount to $605,301,239.82, significantly below the average of $146,238,908,936.30 (rank 154 out of 170 countries).
The country's Exports of goods and services stand at $591,276,100.63, also notably lower than the average of $122,938,540,059.78 (rank 154 out of 170 countries).
Antigua and Barbuda's Exports of goods and services (current US$) are at $591,277,777.78, below the average of $129,596,864,610.19 (rank 148 out of 163 countries).
Exports of goods and services (% of GDP) for Antigua and Barbuda is 41.91%, above the average of 38.19% (rank 46 out of 163 countries).
In Goods exports (BoP, current US$), the country's value is $34,450,036.75, significantly lower than the average of $93,310,581,697.39 (rank 164 out of 171 countries).
Antigua and Barbuda's International tourism receipts at 70.36% of total exports are impressively above the average of 9.74% (rank 3 out of 120 countries).
Summary
Antigua and Barbuda's exports of goods, services, and primary income fall significantly below global averages, ranking low among other countries. However, the country's export of goods and services as a percentage of GDP is relatively high, indicating a strong reliance on exports for economic growth. Particularly noteworthy is the country's heavy dependence on international tourism receipts, which make up a substantial portion of its total exports, showcasing the importance of the tourism sector to Antigua and Barbuda's economy.
Merchandise Exports
Antigua and Barbuda's merchandise exports amount to $22,000,000, placing it at a rank of 181 out of 187 countries. This is significantly below the attribute average of $89,542,711,229.95.
The country's agricultural raw materials exports account for 0.04% of its total merchandise exports. Although below the average of 2.97%, Antigua and Barbuda ranks 139 out of 151 countries included in the data.
Food exports make up 25.70% of Antigua and Barbuda's merchandise exports, slightly above the average of 24.06%. The country ranks 50 out of 152 countries in this category.
Antigua and Barbuda's fuel exports represent 16.83% of its merchandise exports, surpassing the average of 13.70%. This places the country at the 37th position out of 147 countries.
The nation's ores and metals exports constitute a mere 0.002% of its total merchandise exports, a substantial difference from the average of 9.10%. Antigua and Barbuda ranks 151 out of 152 countries in this aspect.
Lastly, Antigua and Barbuda's residual merchandise exports by the reporting economy stand at 0.28%, significantly lower than the average of 3.20%. The country ranks 89th out of 166 nations included in this analysis.
Summary
Antigua and Barbuda has a limited presence in the global merchandise exports market, with below-average exports in agricultural raw materials and ores/metals. However, it performs relatively well in food and fuel exports, surpassing the global averages. These findings are crucial as they highlight the country's strengths and weaknesses in key export sectors, providing insight into where the nation can focus its resources and efforts to enhance its economic development and global competitiveness.
Technology Exports
1. Antigua and Barbuda's Manufactures exports account for 28.87% of its merchandise exports, below the average of 42.62%. This places Antigua and Barbuda at rank 88 out of 152 countries in this category.
2. Antigua and Barbuda's High-technology exports amount to $230,504, significantly below the average of $16,655,934,078.80. This places Antigua and Barbuda at rank 142 out of 151 countries in this category.
3. Antigua and Barbuda's High-technology exports contribute to 3.67% of its manufactured exports, falling below the average of 10.15%. This places Antigua and Barbuda at rank 96 out of 150 countries in this category.
Summary
Antigua and Barbuda has below-average performance in key macroeconomic indicators related to its manufacturing and high-technology exports. Its manufactures exports and high-technology exports are significantly lower than the global averages, ranking the country at 88th and 142nd respectively out of the countries assessed. This highlights potential challenges in diversifying the country's export base and advancing its technology sector, which are crucial for long-term economic growth and competitiveness in the global market.
Service Exports
Service exports (BoP, current US$): Antigua and Barbuda's value of $556,826,063.88 is significantly below the average of $28,917,292,503.82, ranking 120th out of 171 countries.
ICT service exports (BoP, current US$): Antigua and Barbuda's value of $5,081,242.97 is notably lower than the average of $4,578,501,153.77, placing the country at 149th out of 166 countries.
ICT service exports (% of service exports, BoP): Antigua and Barbuda's percentage of 0.91% is much lower than the average of 11.75%, resulting in a rank of 157th out of 166 countries.
Communications, computer, etc. (% of service exports, BoP): Antigua and Barbuda's value of 10.25% is below the average of 45.85%, ranking 159th out of 169 countries.
Transport services (% of service exports, BoP): Antigua and Barbuda's percentage of 6.45% is below the average of 21.80%, ranking 136th out of 169 countries.
Travel services (% of service exports, BoP): Antigua and Barbuda's percentage of 74.15% is significantly higher than the average of 26.40%, placing the country at 8th out of 167 countries.
Insurance and financial services (% of service exports, BoP): Antigua and Barbuda's percentage of 9.15% is higher than the average of 6.46%, resulting in a rank of 40th out of 161 countries.
Summary
Antigua and Barbuda has lower values in key macroeconomic indicators such as Service exports, ICT service exports, and various service export categories compared to the global averages, placing the country at lower ranks out of a considerable number of countries. This indicates a need for the country to diversify and enhance its services sector to match or exceed global standards, which is crucial for economic growth, competitiveness, and sustainable development in an increasingly interconnected world economy.
Commercial Service Exports
Commercial service exports in Antigua and Barbuda amount to $555,101,722.95, ranking 121st out of 171 countries. This value is significantly below the average of $28,508,218,402.80.
Travel services contribute significantly to Antigua and Barbuda's commercial service exports, accounting for 74.38% of the total. This places the country at the 9th rank out of 167 countries, well above the average of 27.89%.
Antigua and Barbuda's computer, communications, and other services exports make up only 9.97% of the total, ranking 154th out of 169 countries and notably below the average of 42.44%.
Insurance and financial services exports constitute 9.18% of Antigua and Barbuda's commercial service exports, placing the country at the 41st rank out of 161 countries. This value is above the average of 6.97%.
Transport services exports account for 6.47% of Antigua and Barbuda's total commercial service exports, positioning the country at the 139th rank out of 169 countries. This value is significantly below the average of 23.37%.
Summary
Antigua and Barbuda heavily relies on travel services for its commercial service exports, ranking 9th globally in this category. However, the country lags behind in computer, communications, and other services exports, ranking 154th worldwide. Despite performing well in travel services, diversifying and strengthening other service sectors such as technology and finance could help Antigua and Barbuda improve its overall export performance and reduce its dependence on a single sector.
Broad Import Attributes
Antigua and Barbuda's Imports of goods and services amounted to $739,748,148.15, ranking 150th out of 163 countries. This value is significantly lower than the attribute average of $126,191,355,599.06.
Antigua and Barbuda's Imports of goods and services as a percentage of GDP is 52.43%, placing it at the 43rd rank out of 163 countries. This value is higher than the attribute average of 44.15%.
Antigua and Barbuda's International tourism expenditures as a percentage of total imports stand at 4.73%. This places the country at the 28th rank out of 131 countries, above the attribute average of 3.98%.
Antigua and Barbuda's Goods imports amount to $440,324,785.29, ranking 158th out of 171 countries. This figure is notably lower than the attribute average of $92,007,788,027.17.
Antigua and Barbuda's Imports of goods and services (BoP) total $739,746,512.56, positioning the country at the 155th rank out of 170 countries. This value falls below the attribute average of $120,321,577,988.12.
Antigua and Barbuda's Imports of goods, services, and primary income in BoP are recorded at $773,741,672.75. The country ranks 155th out of 170 countries, with this value below the attribute average of $144,514,428,722.28.
Summary
Antigua and Barbuda's import figures across various categories, such as goods and services, goods, and total imports, consistently rank below the global average. However, the country's imports as a percentage of GDP and international tourism expenditures as a percentage of total imports are relatively higher, indicating a significant reliance on imports for economic activities, potentially highlighting areas of vulnerability for the country's economy.
These findings are crucial as they suggest that Antigua and Barbuda may have a heavy dependency on imports to meet its domestic consumption and tourism demands. This reliance could expose the country to risks such as fluctuations in global trade dynamics, currency exchange rate volatility, and potential supply chain disruptions, emphasizing the importance of diversifying the economy and enhancing domestic production capabilities to reduce dependency on imports and enhance economic resilience.
Merchandise Imports
Antigua and Barbuda has a merchandise imports value of $498,000,000 which is significantly below the average of $89,385,605,263. This places Antigua and Barbuda at a rank of 174 out of 190 countries in the dataset.
For Manufactures imports (% of merchandise imports), Antigua and Barbuda's value of 64.43% is slightly below the average of 66.76%. The country ranks 96 out of 152 nations on this metric.
Agricultural raw materials imports (% of merchandise imports) in Antigua and Barbuda stand at 2.26%, higher than the average of 1.27%. This places the country at the 18th position out of 152 countries.
Food imports (% of merchandise imports) for Antigua and Barbuda are at 31.09%, well above the average of 15.89%. The country is ranked 7th out of 152 nations.
Antigua and Barbuda's fuel imports (% of merchandise imports) are low at 0.65%, compared to the average of 11.38%. This places the country at 151st out of 152 countries.
Ores and metals imports (% of merchandise imports) for Antigua and Barbuda are at 1.05%, lower than the average of 2.57%. The country ranks 113th out of 152 nations.
Merchandise imports by the reporting economy, residual (% of total merchandise imports) is 0.36% for Antigua and Barbuda, below the average of 2.51%. The country ranks 94th out of 180 countries.
Summary
Antigua and Barbuda has a below-average merchandise imports value, ranking 174th out of 190 countries. The country's import composition shows a higher reliance on agricultural raw materials and food, which could indicate a dependence on imported food resources and agricultural products. The low percentage of fuel imports suggests potential energy self-sufficiency or reliance on alternative energy sources, while the low ores and metals imports indicate limited industrial activity in the country.
These findings are important as they highlight Antigua and Barbuda's trade patterns and economic dependencies. The high food imports could signify food security challenges or limited domestic agricultural production. The low fuel imports may indicate a need for energy diversification or potential sustainability practices. Understanding these import dynamics is crucial for policymakers in addressing economic vulnerabilities and enhancing domestic production capabilities.
Service Imports
1. Service imports (BoP, current US$): Antigua and Barbuda's value of $299,421,727.27 is significantly lower than the attribute average of $27,615,356,170.47. The country ranks 151 out of 171 countries in this data set.
2. Communications, computer, etc. (% of service imports, BoP): Antigua and Barbuda's percentage of 51.11% is higher than the attribute average of 44.40%. The country ranks 72 out of 169 countries in this data set.
3. Transport services (% of service imports, BoP): Antigua and Barbuda's percentage of 20.39% is below the attribute average of 32.90%. The country ranks 129 out of 169 countries in this data set.
4. Travel services (% of service imports, BoP): Antigua and Barbuda's percentage of 13.35% is below the attribute average of 14.14%. The country ranks 70 out of 169 countries in this data set.
5. Insurance and financial services (% of service imports, BoP): Antigua and Barbuda's percentage of 15.15% is above the attribute average of 8.53%. The country ranks 23 out of 169 countries in this data set.
Summary
Antigua and Barbuda has a significantly lower value of service imports compared to the attribute average, ranking 151 out of 171 countries. The country shows strengths in communications, computer, etc., and insurance and financial services, ranking higher than the attribute average in these areas. However, there are areas of improvement in transport services and travel services where Antigua and Barbuda falls below the attribute averages.
These findings are important as they highlight Antigua and Barbuda's economic reliance on specific service imports sectors. By addressing the deficits in transport and travel services, the country can potentially improve its overall economic performance and competitiveness in the global market.
Commercial Service Imports
1. Antigua and Barbuda's commercial service imports amount to $299,420,977.27, ranking 151 out of 171 countries. This value is significantly below the average commercial service imports of $27,102,746,128.60.
2. The country's Computer, communications and other services account for 51.11% of its total commercial service imports, ranking 64 out of 169 countries. Antigua and Barbuda performs above average in this attribute, as the average percentage for this category is 41.71%.
3. Insurance and financial services make up 15.15% of Antigua and Barbuda's commercial service imports, placing the country at rank 26 out of 169. This value is notably higher than the attribute's average of 8.85%.
4. Transport services represent 20.39% of the country's commercial service imports, ranking 129 out of 169 countries. Antigua and Barbuda falls below the average percentage of 34.71% for this attribute.
5. The share of travel services in Antigua and Barbuda's commercial service imports is 13.35%, placing the country at rank 70 out of 169. This value is slightly below the attribute average of 14.73%.
Summary
Antigua and Barbuda faces a unique economic profile in terms of its commercial service imports compared to other countries. The country demonstrates a strong reliance on Computer, communications, and other services, along with Insurance and financial services, outperforming the global average percentages for these categories. However, Antigua and Barbuda falls short in the Transport services sector, signaling a potential area for further development to align with global trends and enhance its overall economic resilience.
Infrastructure
Antigua and Barbuda has 64 registered carrier departures worldwide, significantly below the average of 134,365. Its rank of 146 out of 149 countries suggests a limited presence in the global air transport network.
Furthermore, Antigua and Barbuda carried 356 passengers, well below the average of 11,848,242 passengers. With a rank of 149 out of 149 countries, it indicates minimal participation in global passenger air transport.
Summary
Antigua and Barbuda's low number of registered carrier departures and passengers in comparison to the global averages indicate a limited presence in the global air transport network. This suggests challenges in connectivity, accessibility, and competitiveness for the country's air transportation sector. Addressing these issues is crucial for enhancing international connectivity, promoting tourism, and supporting economic growth in Antigua and Barbuda.
Information Technology Infrastructure
1. Secure Internet servers: Antigua and Barbuda has 122 secure internet servers, which is significantly below the average of 458,294. This places Antigua and Barbuda at rank 156 out of 193 countries in this category.
2. Secure Internet servers (per 1 million people): Antigua and Barbuda has 1,316.58 secure internet servers per 1 million people, much lower than the average of 14,067.17. The country ranks 74 out of 193 countries in this metric.
3. Individuals using the Internet (% of population): Antigua and Barbuda has 95.69% of its population using the internet, which is higher than the average of 64.77%. This places Antigua and Barbuda at rank 12 out of 180 countries.
4. Fixed broadband subscriptions: Antigua and Barbuda has 8,000 fixed broadband subscriptions, significantly below the average of 6,591,956.35. The country ranks 166 out of 185 countries in this aspect.
5. Mobile cellular subscriptions: Antigua and Barbuda has 184,000 mobile cellular subscriptions, far below the average of 42,526,463.87. This places Antigua and Barbuda at rank 174 out of 193 countries for mobile subscriptions.
Summary
Antigua and Barbuda's performance in key macroeconomic indicators related to internet infrastructure and usage reveals mixed outcomes. While the country lags behind in the number of secure internet servers and fixed broadband subscriptions compared to global averages, it excels in internet penetration and the number of secure internet servers per 1 million people. These indicators are crucial as they reflect the country's connectivity levels, digital advancement, and potential for leveraging technology for economic growth and development.
Energy Consumption
Antigua and Barbuda's renewable energy consumption is 0.74% of total final energy consumption, significantly below the average of 32.18%. The country ranks 182 out of 191 countries in this attribute. For CO2 emissions, Antigua and Barbuda's 474.6kt output is notably lower than the average of 171,895.94kt, with a rank of 168 out of 188 countries.
Summary
Antigua and Barbuda's low renewable energy consumption at 0.74% of total final energy consumption places it well below the global average of 32.18%, ranking the country at 182 out of 191 nations. Additionally, the significantly lower CO2 emissions of 474.6kt compared to the average of 171,895.94kt positions Antigua and Barbuda at 168 out of 188 countries based on this metric.
These findings are crucial as they highlight Antigua and Barbuda's need to focus on transitioning to a more sustainable energy mix, increasing renewable energy sources to reduce dependency on fossil fuels and lower CO2 emissions further. Addressing these indicators is essential for the country to contribute effectively to global efforts in combating climate change and securing a sustainable future for its populace.
Government Balance Sheet
Antigua and Barbuda has reserves and related items valued at -$57,328,230.78 (current US$), ranking 109 out of 171 countries in the dataset. This value is significantly below the attribute average of $1,924,407,186.58.
The total reserves minus gold in Antigua and Barbuda amount to $221,808,945.85 (current US$), positioning the country at rank 155 out of 161. This value is substantially lower than the attribute average of $74,221,588,171.61.
Antigua and Barbuda's total reserves, including gold, stand at $221,808,945.85 (current US$). This places the country at rank 155 out of 161, with a value significantly lower than the attribute average of $85,708,019,773.47.
Regarding total reserves in months of imports, Antigua and Barbuda has a value of 3.44 months, ranking 109 out of 151 countries. This value is below the attribute average of 7.09 months.
Summary
Antigua and Barbuda's reserves and related items, reserves minus gold, total reserves including gold, and reserves in months of imports are all significantly below the respective attribute averages when compared to a dataset of 171 countries. These low figures indicate a potential vulnerability in Antigua and Barbuda's ability to withstand economic shocks, adequately finance imports, and maintain stability in the face of external pressures.
Taxes
Antigua and Barbuda has a Tariff rate for all products of 13.07%, which is higher than the average of 5.21%. This places Antigua and Barbuda at rank 8 out of 153 countries in terms of the applied weighted mean tariff rate.
Summary
Antigua and Barbuda stands out with a relatively high Tariff rate of 13.07%, surpassing the global average of 5.21%. This places the country at rank 8 out of 153 nations in terms of their applied weighted mean tariff rate. These findings are crucial as they indicate that Antigua and Barbuda has a higher level of protectionism in trade, which can impact its competitiveness, trade relationships, and overall economic growth.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 15-64 (% of total population) | 16/194 |
| Rural population (% of total population) | 18/190 |
| Trade in services (% of GDP) | 13/171 |
| International tourism, receipts (% of total exports) | 3/120 |
| Travel services (% of service exports, BoP) | 8/167 |
| Travel services (% of commercial service exports) | 9/167 |
| Food imports (% of merchandise imports) | 7/152 |
| Individuals using the Internet (% of population) | 12/180 |
| Tariff rate, applied, weighted mean, all products (%) | 8/153 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 183/194 |
| Population ages 0-14, total | 183/194 |
| Population ages 15-64, total | 182/194 |
| Population ages 65 and above, total | 181/194 |
| Rural population | 172/190 |
| Urban population | 190/194 |
| Urban population (% of total population) | 177/194 |
| Age dependency ratio (% of working-age population) | 179/194 |
| Forest area (sq. km) | 178/191 |
| Land area (sq. km) | 181/194 |
| Surface area (sq. km) | 181/194 |
| Arable land (hectares) | 172/190 |
| Land under cereal production (hectares) | 174/174 |
| Renewable internal freshwater resources, total (billion cubic meters) | 174/178 |
| Cereal production (metric tons) | 174/174 |
| Aquaculture production (metric tons) | 163/180 |
| Industrial design applications, resident, by count | 112/113 |
| Patent applications, nonresidents | 120/129 |
| Scientific and technical journal articles | 182/192 |
| GDP (current US$) | 174/189 |
| GDP, PPP (current international $) | 168/181 |
| GNI (current US$) | 171/185 |
| GNI, PPP (current international $) | 168/181 |
| Gross value added at basic prices (GVA) (current US$) | 165/176 |
| Agriculture, forestry, and fishing, value added (current US$) | 176/182 |
| Services, value added (current US$) | 168/183 |
| Industry (including construction), value added (current US$) | 166/183 |
| Manufacturing, value added (current US$) | 163/173 |
| Manufacturing, value added (% of GDP) | 162/173 |
| Broad money growth (annual %) | 137/139 |
| Current account balance (% of GDP) | 161/170 |
| Exports of goods, services and primary income (BoP, current US$) | 154/170 |
| Exports of goods and services (BoP, current US$) | 154/170 |
| Exports of goods and services (current US$) | 148/163 |
| Goods exports (BoP, current US$) | 164/171 |
| Merchandise exports (current US$) | 181/187 |
| Agricultural raw materials exports (% of merchandise exports) | 139/151 |
| Ores and metals exports (% of merchandise exports) | 151/152 |
| High-technology exports (current US$) | 142/151 |
| ICT service exports (% of service exports, BoP) | 157/166 |
| Communications, computer, etc. (% of service exports, BoP) | 159/169 |
| Computer, communications and other services (% of commercial service exports) | 154/169 |
| Imports of goods and services (current US$) | 150/163 |
| Goods imports (BoP, current US$) | 158/171 |
| Imports of goods and services (BoP, current US$) | 155/170 |
| Imports of goods, services and primary income (BoP, current US$) | 155/170 |
| Merchandise imports (current US$) | 174/190 |
| Fuel imports (% of merchandise imports) | 151/152 |
| Air transport, registered carrier departures worldwide | 146/149 |
| Air transport, passengers carried | 149/149 |
| Mobile cellular subscriptions | 174/193 |
| Renewable energy consumption (% of total final energy consumption) | 182/191 |
| Total reserves minus gold (current US$) | 155/161 |
| Total reserves (includes gold, current US$) | 155/161 |