Economic Overview
Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. increased activity in the tourism industry has spurred the growth of the construction sector, contributing to economic growth. anguillan officials have put substantial effort into developing the offshore financial sector, which is small, but growing. in the medium term, prospects for the economy will depend largely on the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.
Environmental Issues
Supplies of potable water sometimes cannot meet increasing demand largely because of poor distribution system
Government Type
Na
Population
14,108 (july 2008 est.)
Location
Caribbean, islands between the caribbean sea and north atlantic ocean, east of puerto rico
Area
Total: 102 sq km
land: 102 sq km
water: 0 sq km
About half the size of washington, dc
Country Aliases
Conventional long form: none
conventional short form: anguilla
Capital
Name: the valley
geographic coordinates: 18 13 n, 63 03 w
time difference: utc-4 (1 hour ahead of washington, dc during standard time)
International Disputes
None
Sources: Central Intelligence Agency (CIA)
