Antigua and Barbuda - Balance of payments

Inward capital movements, of which the largest part is foreign investment (especially for tourism-related construction), compensated for the imbalance in trade and services during the 1980s, but Antigua and Barbuda had until recent years maintained a consistently large trade deficit from heavy import dependence, in spite of growing tourism earnings.

The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Antigua and Barbuda's exports was $400 million while imports totaled $357 million resulting in a trade surplus of $43 million.

The International Monetary Fund (IMF) reports that in 2000 Antigua and Barbuda had exports of goods totaling $420 million and imports totaling $341 million. The services credit totaled $415 million and debit $164 million. The following table summarizes Antigua and Barbuda's balance of payments as reported by the IMF for 2000 in millions of US dollars.

Antigua and Barbuda

Current Account -79
Balance on goods -299
Balance on services 250
Balance on income -39
Current transfers 8
Capital Account 18
Financial Account 64
Direct investment abroad
Direct investment in Antigua and Barbuda 33
Portfolio investment assets -0
Portfolio investment liabilities 2
Other investment assets -0
Other investment liabilities 29
Net Errors and Omissions -9
Reserves and Related Items 6
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