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Business
• GDP: US$108.9 million (2004 est).
• Main imports: Fuels, food, manufactured goods, chemicals and trucks.
• Main exports: Fish, lobster and salt.
• Main trade partners: North America (mainly USA) and the Caribbean Region (Caricom, St Martin/St Maarten and others).
Economy
Industries include fishing and fish processing, salt mining, boat manufacture (both traditional and contemporary crafts) and construction. Most of the island's agricultural produce is for domestic consumption.
The service sector, specifically tourism and financial services, is responsible for the great majority of economic output. Tourism accounts for approximately 40% of GDP.
The financial sector has been damaged by a series of scandals, which, along with growing competition from other Caribbean micro-states, has put its future viability in question.
GDP growth stood at 15.4% in 2006, with inflation figures estimated at 5.3%. Unemployment rates have remained steady at 9.8% in the last census in 2004.
Business Etiquette
Anguilla is a small island with few business opportunities as such; lightweight suits or shirt and tie should be adequate for meetings.
Office hours: Mon-Fri 0800-1200 and 1300-1600.
Business Contacts
Anguilla Chamber of Commerce
PO Box 321, The Valley, Anguilla
Tel: 497 2839.
Website: www.anguillachamber.com
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