as seriously hurt
by financial sanctions imposed by the US and UK 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.

GDP: purchasing power parity - $524 million (1999 est.)

GDP - real growth rate: 2.8% (1999 est.)

GDP - per capita: purchasing power parity - $8,200 (1999 est.)

GDP - composition by sector:
agriculture: 4%
industry: 12.5%
services: 83.5% (1996 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 1.6% (1999 est.)

Labor force: 30,000

Labor force - by occupation: commerce and services 82%, agriculture
11%, industry 7% (1983)

Unemployment rate: 7% (1999 est.)

Budget:
revenues: $122.6 million
expenditures: $141.2 million, including capital expenditures of $17.3
million (1997 est.)

Industries: tourism, construction, light manufacturing (clothing,
alcohol, household appliances)

Industrial production growth rate: 6% (1997 est.)

Electricity - production: 90 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 84 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture - products: cotton, fruits, vegetables, bananas, coconuts,
cucumbers, mangoes, sugarcane; livestock

Exports: $38 million (1998)

Exports - commodities: petroleum products 48%, manufactures 23%, food
and live animals 4%, machinery and transport equipment 17%

Exports - partners: OECS 26%, Barbados 15%, Guyana 4%, Trinidad and
Tobago 2%, US 0.3%

Imports: $330 million (1998)

Imports - commodities: food and live animals, machinery and transport
equipment, manufactures, chemicals, oil