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Antigua and Barbuda
Antigua and Barbuda
HistorySaid - pattern
Antigua and Barbuda matched the Export Boom Cycle pattern in 1984. 1 pattern matches detected historically. View →
Economy & Growth
GDP $2.3B
GDP per Capita $22,314
GDP Growth 2.47%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 1.94% | - | 2.09% | 2.09% Trend | 2.12% Trend | - | - | - | - |
| GDP | $2.0B | $2.2B | $2.3B | $2.3B IMF WEO Oct 2025 | $2.5B IMF WEO Oct 2025 | $2.6B IMF WEO Oct 2025 | $2.7B IMF WEO Oct 2025 | $2.8B IMF WEO Oct 2025 | $2.9B IMF WEO Oct 2025 |
| GDP Deflator | 4.91% | 6.18% | 7.95% | 7.95% Trend | 9.03% Trend | 10.11% Trend | - | - | - |
| GDP Growth | 2.43% | 3.66% | 2.47% | 2.47% IMF WEO Oct 2025 | 2.47% IMF WEO Oct 2025 | 2.54% IMF WEO Oct 2025 | 2.48% IMF WEO Oct 2025 | 2.49% IMF WEO Oct 2025 | 2.49% IMF WEO Oct 2025 |
| GDP PPP | $2.9B | $3.1B | $3.3B | $3.3B IMF WEO Oct 2025 | $3.4B IMF WEO Oct 2025 | $3.6B IMF WEO Oct 2025 | $3.7B IMF WEO Oct 2025 | $3.9B IMF WEO Oct 2025 | $4.1B IMF WEO Oct 2025 |
| GDP per Capita | $21,495 | $23,542 | $22,314 | $22,314 IMF WEO Oct 2025 | $23,117 IMF WEO Oct 2025 | $23,858 IMF WEO Oct 2025 | $24,609 IMF WEO Oct 2025 | $25,385 IMF WEO Oct 2025 | $26,186 IMF WEO Oct 2025 |
| GDP per Capita PPP | $31,602 | $33,386 | $31,380 | $31,380 IMF WEO Oct 2025 | $32,315 IMF WEO Oct 2025 | $33,259 IMF WEO Oct 2025 | $34,192 IMF WEO Oct 2025 | $35,198 IMF WEO Oct 2025 | $36,280 IMF WEO Oct 2025 |
| GNI | $1.9B | $2.1B | $2.3B | $2.3B Trend | $2.4B Trend | $2.6B Trend | - | - | - |
| GNI per Capita | $19,970 | $21,150 | $22,819 | $22,819 Trend | $24,288 Trend | $25,757 Trend | - | - | - |
| Gross Savings | 25.33% | 25.24% | 24.73% | 24.73% IMF WEO Oct 2025 | 25.03% IMF WEO Oct 2025 | 25.40% IMF WEO Oct 2025 | 25.25% IMF WEO Oct 2025 | 25.07% IMF WEO Oct 2025 | 25.10% IMF WEO Oct 2025 |
| Industry Value Added | 18.99% | - | 18.01% | 18.01% Trend | 17.44% Trend | - | - | - | - |
| Services Value Added | 69.06% | - | 69.17% | 69.17% Trend | 69.35% Trend | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 3.45%
Consumer Price Index 147.95
PPP Conversion Factor 1.88
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 133.94 | 142.25 | 147.95 | 147.95 Trend | 154.70 Trend | 161.46 Trend | - | - | - |
| Inflation Rate | 5.07% | 6.20% | 3.45% | 3.45% IMF WEO Oct 2025 | 2.42% IMF WEO Oct 2025 | 1.96% IMF WEO Oct 2025 | 1.96% IMF WEO Oct 2025 | 1.96% IMF WEO Oct 2025 | 1.96% IMF WEO Oct 2025 |
| PPP Conversion Factor | 1.84 | 1.90 | 1.88 | 1.88 Trend | 1.89 Trend | 1.90 Trend | - | - | - |
Italic values are IMF World Economic Outlook projections.
Population
Population 94,270
Population Growth 0.49%
Population Density 214.3
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 11.8 | - | 12.1 | 12.1 Trend | 12.2 Trend | - | - |
| Death Rate | 6.9 | - | 7.1 | 7.1 Trend | 7.2 Trend | - | - |
| Dependency Ratio | 41.76 | 42.01 | 42.36 | 42.36 Trend | 42.67 Trend | 42.98 Trend | - |
| Fertility Rate | 1.58 | - | 1.65 | 1.65 Trend | 1.67 Trend | - | - |
| Life Expectancy | 77.6 | - | 77.8 | 77.8 Trend | 77.9 Trend | - | - |
| Net Migration | 0 | 9 | 12 | - | 14 Trend | 17 Trend | 21 Trend |
| Population | 93,316 | 93,772 | 94,270 | 94,270 Trend | 94,752 Trend | 95,234 Trend | - |
| Population Density | 212.1 | - | 214.3 | 214.3 Trend | 215.4 Trend | - | - |
| Population Growth | 0.51% | 0.49% | 0.49% | 0.49% Trend | 0.48% Trend | 0.46% Trend | - |
| Refugee Population | - | - | - | - | - | - | - |
| Urban Population | 24.45% | 24.39% | 24.33% | 24.33% Trend | 24.26% Trend | 24.20% Trend | - |
Italic values are IMF World Economic Outlook projections.
Employment
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Government
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -1.70% | 1.61% | 0.96% | 0.96% IMF WEO Oct 2025 | -0.88% IMF WEO Oct 2025 | -0.74% IMF WEO Oct 2025 | -0.59% IMF WEO Oct 2025 | -0.57% IMF WEO Oct 2025 | -0.53% IMF WEO Oct 2025 |
| Government Debt to GDP | 76.33% | 67.58% | 65.68% | 65.68% IMF WEO Oct 2025 | 63.78% IMF WEO Oct 2025 | 63.22% IMF WEO Oct 2025 | 61.01% IMF WEO Oct 2025 | 59.98% IMF WEO Oct 2025 | 58.35% IMF WEO Oct 2025 |
| Government Revenue | 17.10% | 21.42% | 22.29% | 22.29% IMF WEO Oct 2025 | 20.61% IMF WEO Oct 2025 | 20.71% IMF WEO Oct 2025 | 20.63% IMF WEO Oct 2025 | 20.55% IMF WEO Oct 2025 | 20.49% IMF WEO Oct 2025 |
| Government Spending | - | - | - | - | - | - | - | - | - |
| Health Spending | 3.91% | - | 3.83% | 3.83% Trend | 3.63% Trend | - | - | - | - |
| Military Spending | - | - | - | - | - | - | - | - | - |
| Tax Revenue | - | - | - | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Debt
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Money
Lending Rate 6.23%
Deposit Rate 1.36%
Real Interest Rate -1.76%
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 38.01% | 38.55% | 31.43% | 31.43% Trend | 27.64% Trend | 23.86% Trend |
| Deposit Rate | 1.45% | 1.35% | 1.36% | 1.36% Trend | 1.31% Trend | 1.27% Trend |
| Lending Rate | 6.71% | 6.53% | 6.23% | 6.23% Trend | 5.93% Trend | 5.63% Trend |
| M2 Money Supply Growth | 3.34% | 4.61% | 8.38% | 8.38% Trend | 9.99% Trend | 11.61% Trend |
| Non-Performing Loans | 6.05% | - | 7.08% | 7.08% Trend | 7.17% Trend | - |
| Real Interest Rate | 1.72% | 0.32% | -1.76% | -1.76% Trend | -3.12% Trend | -4.49% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 2.70
Real Effective Exchange Rate 116.10
Foreign Reserves $422.8M
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 2.70 | 2.70 | 2.70 | 2.70 Trend | 2.70 Trend | 2.70 Trend |
| Foreign Reserves | $364.4M | $358.4M | $422.8M | $422.8M Trend | $449.8M Trend | $476.8M Trend |
| Real Effective Exchange Rate | 113.48 | 116.10 | - | 117.05 Trend | 118.35 Trend | 119.64 Trend |
| Reserves in Months of Imports | 3.2 | 3.0 | 2.9 | 2.9 Trend | 2.6 Trend | 2.4 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $1.6B
Imports $1.5B
Trade Balance $-223.0M
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -13.51% | -8.22% | -11.02% | -11.02% IMF WEO Oct 2025 | -10.40% IMF WEO Oct 2025 | -9.87% IMF WEO Oct 2025 | -9.45% IMF WEO Oct 2025 | -9.19% IMF WEO Oct 2025 | -8.74% IMF WEO Oct 2025 |
| Exports | $1.2B | $1.3B | $1.6B | $1.6B Trend | $1.7B Trend | $1.9B Trend | - | - | - |
| FDI Inflows | 14.61% | 11.13% | 14.97% | 14.97% Trend | 15.50% Trend | 16.03% Trend | - | - | - |
| FDI Outflows | 0.91% | 0.00% | 1.21% | 1.21% Trend | 1.62% Trend | 2.03% Trend | - | - | - |
| Imports | $1.3B | $1.3B | $1.5B | $1.5B Trend | $1.7B Trend | $1.8B Trend | - | - | - |
| Remittances Received | $34.9M | $26.2M | $26.3M | $26.3M Trend | $23.3M Trend | $20.3M Trend | - | - | - |
| Tourism Receipts | - | - | - | - | - | - | - | - | - |
| Trade Balance | - | - | $-223.0M | $-223.0M Trend | - | - | - | - | - |
| Trade Openness | - | - | 85.07% | 85.07% Trend | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Financial Markets
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 5.26% | 5.17% | 4.87% | 4.87% Trend | 4.62% Trend | 4.36% Trend |
| Listed Companies | - | - | - | - | - | - |
| Market Capitalization | - | - | - | - | - | - |
| Stock Turnover Ratio | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.93
Government Effectiveness 0.32
Regulatory Quality 0.41
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| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.31 | 0.33 | 0.37 | 0.37 Trend | 0.39 Trend |
| Government Effectiveness | -0.16 | 0.38 | 0.32 | 0.32 Trend | 0.41 Trend |
| Political Stability | 0.94 | 0.92 | 0.93 | 0.93 Trend | 0.93 Trend |
| Regulatory Quality | 0.29 | 0.55 | 0.41 | 0.41 Trend | 0.41 Trend |
| Rule of Law | 0.39 | 0.38 | 0.37 | 0.37 Trend | 0.38 Trend |
| Voice and Accountability | 0.72 | 0.74 | 0.74 | 0.74 Trend | 0.74 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $883
Infant Mortality Rate 7.0
Maternal Mortality Ratio 36.80
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| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $891 | $841 | $883 | $883 Trend | $892 Trend |
| Hospital Beds | 3.44 | 3.42 | 3.44 | 3.44 Trend | 3.46 Trend |
| Infant Mortality Rate | 7.5 | 7.3 | 7.0 | 7.0 Trend | 6.8 Trend |
| Maternal Mortality Ratio | 36.00 | 35.00 | 36.80 | 36.80 Trend | 37.50 Trend |
| Physicians | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 98.95%
Tertiary Enrollment 25.12%
Education Spending 2.49%
▾
| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 2.50% | 3.11% | 2.49% | 2.49% Trend | 2.39% Trend |
| Literacy Rate | - | - | - | - | - |
| Primary Completion Rate | 123.35% | - | 129.70% | 129.70% Trend | - |
| Primary Enrollment | 121.56% | 112.26% | 118.91% | 118.91% Trend | 119.88% Trend |
| Secondary Enrollment | 107.80% | 108.88% | 105.83% | 105.83% Trend | 104.37% Trend |
| Tertiary Enrollment | - | - | - | - | - |
| Youth Literacy Rate | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 1.12%
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| Indicator | 2022 | 2023 | 2025 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | - | - | - | - | - |
| CO2 per Capita | - | - | - | - | - |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | - | - | - | - | - |
| Forest Area | 18.16% | 18.01% | 17.73% | 17.73% Trend | 17.58% Trend |
| Renewable Energy | 0.90% | - | 1.12% | 1.12% Trend | - |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 79.70%
Mobile Subscriptions 197.38
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 0.00% | 0.00% | 0.00% | 0.00% Trend | 0.00% Trend | 0.00% Trend |
| Internet Users | 77.58% | - | 79.70% | 79.70% Trend | 80.63% Trend | - |
| Mobile Subscriptions | - | - | 197.38 | 197.38 Trend | - | - |
| Patent Applications | - | - | - | - | - | - |
| R&D Spending | - | - | - | - | - | - |
Italic values are IMF World Economic Outlook projections.
Inequality
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Data & analysis
Real GDP growth (%)
| 2023 | 2.43 |
| 2024 | 4.31 |
| 2025 | 3.05 |
| 2026 | 2.54 |
| 2027 | 2.55 |
| 2028 | 2.49 |
| 2029 | 2.49 |
| 2030 | 2.50 |
CPI inflation (%)
| 2023 | 5.07 |
| 2024 | 6.36 |
| 2025 | 3.53 |
| 2026 | 2.44 |
| 2027 | 1.96 |
| 2028 | 1.96 |
| 2029 | 1.96 |
| 2030 | 1.96 |
Unemployment rate (%)
| 2023 | 0.00 |
| 2024 | 0.00 |
| 2025 | 0.00 |
| 2026 | 0.00 |
| 2027 | 0.00 |
| 2028 | 0.00 |
| 2029 | 0.00 |
| 2030 | 0.00 |
Source: IMF World Economic Outlook via DBnomics
The macroeconomic trajectory of Antigua and Barbuda from 2023 through 2030 reflects a sharp but brief inflationary spike followed by a return to stable, moderate growth. Real GDP growth accelerated from 2.43 percent in 2023 to 4.31 percent in 2024, a post-pandemic recovery surge, before settling near 2.5 percent annually from 2026 onward. CPI inflation, which peaked at 6.36 percent in 2024, is projected to decelerate steadily to 1.96 percent by 2027 and remain there through 2030, indicating successful monetary stabilization. This pattern aligns with the nation’s historical strength in human capital, as evidenced by its #1 global ranking for Primary Completion Rate in 2022. The data suggests a high-income economy that has weathered global price pressures and is now converging toward a low-inflation, steady-growth equilibrium. A sustained shift in trajectory would require either a structural diversification beyond tourism-dependent services or a renewed surge in foreign direct investment, recalling the #2 global ranking for FDI Inflows in 1980.