Anguilla 

Anguilla country policy

Policy established 12 November 2009

• Case-by-case assessment

Country class: 6

Anguilla country facts

Country Report last updated :  5 May 2009  DSB Economic Research
Country :  ANGUILLA

Political Situation
Stable

Head of state
QE II, represented by governor Peter Johnstone.

Form of government
Government of the Anguilla United Front, headed by p.m. Osbourne Fleming.

 
Internal Economic Situation
Good But Also Hit By The Creditcrisis

General situation
Offshore banking and (upmarket) tourism are the linchpin of Anguilla’s economy, contributing to sustained annual GDP-growth. The global credit crisis and subsequent world recession will have a severe impact on tourism and Anguilla’s economic performance in 2009/’10, contributing to a market slowdown. Moderate inflation.

 
External Economic Situation
Large Current Account Deficits FINANCED BY
CAPITAL IMPORTS 
Main sources of foreign exchange :  Tourism, capital imports, fish.  

Main foreign markets
United States.

Main expenses of foreign exchange
Construction material, consumer goods.

Balance of payments
Imports of construction material and higher oil prices contributed to risen annual trade deficits. Capital imports (private and official) completely finance the current account gaps.