Antigua and Barbuda is a twin-island country in the Americas, lying between the Caribbean Sea and the Atlantic Ocean. It consists of two major inhabited islands, Antigua and Barbuda, and a number of smaller islands (including Great Bird, Green, Guinea, Long, Maiden and York Islands and further south, the island of Redonda). The permanent population numbers about 81,800 (at the 2011 Census) and the capitalThe net worth of a business, including assets, cash, propert... and largest port and city is St. John’s, on Antigua.
Tourism dominates the economyThe management of money, currency and trade of a nation. The..., accounting for more than half of the Gross Domestic ProductCommonly abbreviated to GDP, Gross Domestic Product is a ver... (GDP). Antigua is famous for its many luxury resorts.
Manufacturing is made up for export, the major products being exported are bedding, handicrafts and electronic components. Especially in the United States, from which about one-third of all tourists come.
Barbados was in the past heavily dependent on the export of sugar as its main revenue earner, but in recent decades the economyThe management of money, currency and trade of a nation. The... has diversified into tourism and financeTo provide or obtain funds for a business, commercial projec.... It also has offshoreRefers to accounts, investments, banks, etc., which are in c... reserves of oil and natural gas.
Barbados has an open economyThe management of money, currency and trade of a nation. The... with a marked dependence on imports, 40% of which come from the United States. Barbados is a beneficiary of the U.S. Caribbean Basin Initiative, which aims to facilitate the economic development and export diversificationThe act or strategy of growing a business/brand by developin... of the Caribbean Basin economies by providing countries with duty-free access to the U.S. marketThe commercial activity of buying and selling goods and serv... for most goods.
Important Details
- Country ISO3:ATG
- Country Code:28
- Income Group:Latin America & Caribbean
- Lending Category:High income
- Region:IBRD
- Currency Unit:East Caribbean dollar
- WTO Member:YES
- TradeThe buying and selling or exchange of goods and services. Th... organisations:WTO, CARICOM
- world rank:176
- Regional Ranking:15
