rch 1999); results - percent of vote by party NA; seats - (11
total, 7 elected) ANA 2, AUP 2, ADP 2, independent 1
Judicial branch: High Court, judge provided by Eastern Caribbean
Supreme Court
Political parties and leaders: Anguilla National Alliance (ANA),
David CARFY; Anguilla United Party (AUP), Hubert HUGHES; Anguilla
Democratic Party (ADP), Victor BANKS
International organization participation: Caricom (observer), CDB,
Interpol (subbureau), OECS (associate)
Diplomatic representation in US: none (dependent territory of the
UK)
US diplomatic representation: none (dependent territory of the UK)
Flag: blue with the flag of the UK in the upper hoist-side
quadrant and the Anguillan coat of arms centered in the outer half
of the flag; the coat of arms depicts three orange dolphins in an
interlocking circular design on a white background with blue wavy
water below
Economy
-------
Economic overview: Anguilla has few natural resources, and the
economy depends heavily on tourism, offshore banking, lobster
fishing, and remittances from emigrants. Output growth has averaged
about 7% in recent years, mainly as a result of boom in tourism
thanks to economic expansion in North America and the UK. The
economy, and especially the tourism sector, suffered a setback in
late 1995 due to the effects of Hurricane Luis in September.
Agricultural output had only just begun to recover from a drought in
1994 when Luis hit. Anguillan officials have put substantial effort
into developing the offshore financing sector. A comprehensive
package of financial services legislation was enacted in late 1994.
In the medium term, prospects for the economy will depend on the
tourism sector and, therefore, on continuing income growth in the
industrialized nations.
GDP: purchasing power parity - $53 million (1994 est.)
GDP real growth rate: 6.5% (1994 est.)
GDP per capita: $7,600 (1994 est.)
GDP composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Inflation rate (consumer prices): 4% (1994)
Labor force: 4,400 (1992)
by occupation: commerce 36%, services 29%, construction 18%,
transportation and utilities 10%, manufacturing 3%,
agriculture/fishing/forestry/mining 4%
Unemployment rate: 7% (1992 est.)
Budget:
revenues: $13.5 million (1993)
expenditures: $17.6 million, including capital expenditures of
$740,000 (1995 est.)
Indust
|