anguilla gdp per capita

It is predicted that in the upcoming years, after the COVID-19 pandemic, Anguilla's tourism will recover quickly, as major countries that are the main source markets such as the US and Europe have allowed to reopen flights, thereby making the average income per capita continue to grow as well as raising this economy up further. Language links are at the top of the page across from the title. GDP Per Capita in Anguilla compared to Caribbean This table was last updated in November 2022. Figures for, There have been no exclusive estimates for world average by the IMF. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited recognition (such as Kosovo, Palestine and Taiwan) are included in the list in cases in which they appear in the sources. The first table includes estimates for the year 2020 made for each economy of the 194 countries and areas (including Hong Kong and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database. $12,200 (2008 est.) The table initially ranks each country or territory with their latest available year's estimates, and can be reranked by either of the sources. This industry has become the backbone of the overall growth of Anguilla economy. There are many offshore company structures in Anguilla, the most common of which are Limited Liability Company (LLC) and International Business Company (IBC). . Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. Anguilla GDP and Economic Data Includes Anguilla real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. This article includes a list of countries by their forecast estimated GDP (PPP). A list of the top 15 GDP-per-capita countries from 2016 to 2017, contains most of the major global tax havens (see GDP-per-capita tax haven proxy for more detail): List of countries by GDP (PPP) per capita, Expanding the coverage of illegal economic activities in euro area national accounts, There is no explicit "GDP (PPP) per capita" World estimate provided by the IMF. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. [see also: GDP - composition, by end use - household consumption country ranks ] government consumption: 18.3% (2017 est.) ), Page last updated: Tuesday, July 25, 2023, Center for the Study of Intelligence (CSI). * Nearly all country links in the table connect to articles titled "Income in (country or territory)" or to "Economy of (country or territory)". However, it is increasingly being recognized that tax havens, or corporate tax havens, have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. [13] Aside from being a renowned tourist destination with a peaceful atmosphere and magnificent beaches, Anguilla is also a growing offshore financial hub that has attracted thousands of international investors around the world to come and conduct business. These factors have given offshore companies the freedom to relocate and do business without having to deal with bureaucratic red tape or complicated financial and auditing procedures. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. [14][15][16], There are many natural economic reasons for GDP-per-capita to vary between jurisdictions (e.g. [a] For rankings regarding wealth, see list of countries by wealth per adult. Ireland has, more or less, stopped using GDP to measure its own economy. [3] By the beginning of World War I, the island had been almost entirely deforested by charcoal -burners. GDP (Purchasing Power Parity) $175.4 million (2009 est.) GDP - per capita (PPP) compares GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Our World in Data. The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. Tourism With 33 pristine white beaches and coconut trees, surrounded by clear blue waters and magnificent coral reefs, no wonder tourism, especially luxury tourism, is the main foundation of Anguilla economy. They can also fly to neighboring Caribbean islands and then move to Anguilla via small charter plane or ferry. In 2017, Ireland's economic data became so distorted by U.S. multinational tax avoidance strategies (see leprechaun economics), also known as BEPS actions, that Ireland effectively abandoned GDP (and GNP) statistics as credible measures of its economy, and created a replacement statistic called modified gross national income (or GNI*). In 2019, the island territory has achieved an admirable goal, as Anguilla GDP peaked at US$ 307 million and Anguilla GDP per capita reached more than US$ 23.000. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. For this figure, the GDP (PPP) world value, Data is for the area controlled by the Government of the. The main figures in international trade in services can be mentioned as Transportation accounted for 2.1%, Tourism accounted for 30.5% and 67.4% was for other services. Industries - tourism, boat building, offshore financial services According to Unicef's report on Anguilla, this sector is estimated to contribute 37% of the territory's total economic activity. Distorted GDP-per-capita for tax havens Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. These investments in empty corporate shells almost always pass through well-known tax havens. [18] An IMF investigation estimates that circa 40% of global foreign direct investment flows, which heavily influence the GDP of various jurisdictions, are described as "phantom" transactions.[19]. . And on current trends [because Irish GDP is distorting EU-28 aggregate data], the eurozone taken as a whole may need to consider something similar. However, in 2021, the economy is expected to increase by 6%, with a strong medium-term outlook. In this article, you will learn about the top 3 industries that shape Anguillas economy. Applications and Limitations of ICP Data". Since 2014, EU member states have been encouraged by Eurostat, the official statistics body, to include some illegal activities. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. Comparisons of national wealth are frequently made on the basis of nominal GDP and savings (not just income), which do not reflect differences in the cost of living in different countries (see List of countries by GDP (nominal) per capita); hence, using a PPP basis is arguably more useful when comparing generalized differences in living standards between economies because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income. GDP (PPP) and GDP (PPP) per capita are usually measured by international dollar, which is a hypothetical currency that has the same purchasing power in every economy as the U.S. dollar in the United States. The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. Agricultural products. CIA registers 2 separate entries for Palestine: "West Bank" and "Gaza Strip". Below are all indicators in our database for which this country has a value. As a result, fishing has become an integral sector of Anguilla economy, serving both as a tourism activity as well as a commercial industry. GDP: Gross domestic product (million current US$) 2010: 268 : GDP: Gross domestic product (million current US$) 2005: 229 : GDP growth rate (annual %, const. For over two decades, Anguilla has delivered cutting-edge financial and commercial services to a wide local and international clientele, including corporations, governments, and individuals, as a self-governing British territory. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Since the early 1990s, Anguilla has consistently ranked as one of the most prominent offshore financial regions in the world. Anguilla: Americas 175 . The UN figure excludes autonomous region of, List of countries by GDP (PPP) per capita, Saint Helena, Ascension and Tristan da Cunha, Corporate haven GDP-per-capita tax haven proxy, French President seeks alternatives to GDP, "European Parliament, Policy Department Economic and Scientific Policy: Beyond GDP Study", Institute on Taxation and Economic Policy, "World Economic Outlook Database, April 2023", "IMF DataMapper / Datasets / World Economic Outlook (April 2023) / GDP per capita, current prices / List (2023) - Analytical group: European Union, World", United Nations Statistics Division - National Accounts - Basic Data Selection, "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. The total GDP is expressed in millions of dollars, while GDP per capita is expressed in dollars. A single member is necessary to start an offshore corporation, which can be formed easily and at extremely low costs. [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates. Transportation Military & Security Transnational Issues Economic Indicators for Anguilla including actual values, historical data, and latest data updates for the Anguilla economy. [2] [3] Sugar, cotton, sweetcorn, and tobacco were also grown. For more information about the cookies we use or to find out how you can disable cookies, click here. 2015 Irish GDP is 143% of 2015 Irish GNI*. [4] PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. All data are in current United States dollars. Since there are no direct flights linking Anguilla to its major tourism source markets (the United States, Europe, and Canada), visitors usually arrive through Sint Maarten, which serves as Anguilla's main port of entry and transit hub. A stunning $12 trillionalmost 40 percent of all foreign direct investment positions globallyis completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. Anguilla: Americas 303 . The rankings of national economies over time have changed considerably; the United States surpassed the British Empire's output around 1916, . Colonized by English settlers from Saint Kitts in 1650, Anguilla was administered by Great Britain until the early 19th century, when the island was incorporated into a single British dependency along with Saint Kitts and Nevis. Help us do this work by making a donation. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. The data is in millions of international dollars and was calculated and published by the IMF in April 2020. Report for Selected Countries and Subjects: World, EU", "GDP per capita, PPP (current international $)", "WEO Database, April 2023. According to Unicefs report on Anguilla, this sector is estimated to contribute 37% of the territorys total economic activity. Our World in Data is free and accessible for everyone. The second table includes data, mostly for the year 2018, for 180 of the 193 current United Nations member states as well as Hong Kong and Macau (the two Chinese Special Administrative Regions). Browse by topic. CIA registers 2 separate entries for Palestine: "West Bank" and "Gaza Strip". total: 91 sq kmland: 91 sq kmwater: 0 sq km, tropical; moderated by northeast trade winds, African/Black 85.3%, Hispanic 4.9%, mixed 3.8%, White 3.2%, East Indian/Indian 1%, other 1.6%, unspecified 0.3% (2011 est. In order to achieve this status, Anguilla has developed a strong and reliable economy that can support international tradings and services in an efficient way. Overview of key economic statistics. [3] These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods.[3]. Note that several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax planning activities. The island's principal source of revenue is a consumption tax, which is readily paid by some of the world's least cost-conscious tourists. GDP per capita is often considered an indicator of a country's standard of living;[1][2] however, this is inaccurate because GDP per capita is not a measure of personal income. In 2020, due to the COVID-19 pandemic, Anguilla economy was hit hard, the most severe damage ever recorded. The tourist industry has contributed an average of 23% of Anguilla GDP over the last five years. Referred to as "West Bank and Gaza" in the IMF and World Bank reports. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. Report for Selected Countries and Subjects: Syria", "IMF DataMapper / Datasets / World Economic Outlook (April 2023) / Population", "Explaining the Shadow Economy in Europe: Size, Causes and Policy Options", "Sizing Up Black Markets and Red-Light Districts for G.D.P. 55, NO. As a result, economic activity fell by 6.6% in 2017, whereas post-Irma rehabilitation efforts boosted the construction industry, resulting in a 10.9% increase in GDP in 2018. 18 15 N, 63 10 W Map references Central America and the Caribbean Area total: 91 sq km land: 91 sq km water: 0 sq km comparison ranking: total 226 Area - comparative about one-half the size of Washington, DC Land boundaries total: 0 km Coastline 61 km Maritime claims territorial sea: 12 nm exclusive economic zone: 200 nm E-Commerce for offshore business in Anguilla, Tips for Setting Up the Most Profitable Industry in the US, A Comprehensive Guide to Tax Rates in Europe, Key things for entrepreneurs to start their business in the USA, A foreigner's guide to understanding The Singapore work culture. country comparison to the world (CIA rank, may be based on non-current data): 130 [see also: GDP - per capita country ranks ] GDP - composition, by end use: household consumption: 74.1% (2017 est.) For calculating 2019 data, the total GDP estimate by IMF, List of countries by GDP (nominal) per capita, Corporate haven GDP-per-capita tax haven proxy, List of countries by past and projected GDP (PPP) per capita, List of countries by GDP (PPP) per capita growth rate, United Nations Department of Economic and Social Affairs, "Sarkozy attacks focus on economic growth (French president urges more emphasis on quality of life)", "Alternative progress indicators to Gross Domestic Product (GDP) as a means towards sustainable development", "World Economic Outlook Database, April 2023", "WEO Database, April 2023. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. ", "Handbook on the compilation of statistics on illegal economic activities in national accounts and balance of payments", "How tax havens turn economic statistics into nonsense", "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. [17] It is estimated that over 15% of global jurisdictions are tax havens (see tax haven lists). The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 percent of GDP. 2005 prices) 2014: 6.2 : GDP growth rate (annual %, const. Located in the eastern Caribbean Sea, Anguilla is a charming set of islands, a part of British overseas territory. In addition, non-sovereign entities are marked in italics. Report for Selected Countries and Subjects: World, European Union", Patents, trademarks, and industrial design filing activity, Number of broadband Internet subscriptions, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(PPP)&oldid=1165453110, Short description is different from Wikidata, Wikipedia pages semi-protected against vandalism, Creative Commons Attribution-ShareAlike License 4.0, Largest economies in the world by PPP GDP in 2023, This page was last edited on 15 July 2023, at 07:57. Please consult our full legal disclaimer. Anguilla's offshore laws are governed by an English Common Law system, and it has passed a total of five pieces of legislation that encompass all of its offshore financial market. Why should we consider investing in Anguilla? The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. Real GDP per capita. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. Latest; Resources. Individuals are also exempt from paying gift or inheritance taxes. The data given on this page are based on the international dollar, a standardized unit used by economists. Referred to as "West Bank and Gaza" in the IMF and World Bank reports. Such calculations are prepared by various organizations, including the IMF and the World Bank. Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. ), parliamentary democracy (House of Assembly); self-governing overseas territory of the UK, chief of state: King CHARLES III (since 8 September 2022); represented by Governor Dileeni DANIEL-SELVARATNAM(since 18 January 2021)head of government: Premier Dr. Ellis WEBSTER (since 30 June 2020); note - starting in 2019, the title of head of government was changed to premier from chief minister of Anguilla, description: unicameral House of Assembly (11 seats; 7 members directly elected in single-seat constituencies by simple majority vote, 2 appointed by the governor, and 2 ex officio members - the attorney general and deputy governor; members serve five-year terms), small, tourism-dependent, territorial-island economy; very high public debt; COVID-19 crippled economic activity; partial recovery underway via tourism, benefitting from its high amount of timeshare residences; considering reopening oil refinery, small quantities of tobacco, vegetables; cattle raising, tourism, boat building, offshore financial services, packaged medicines, vaccines and cultures, used clothing, orthopedic appliances, blank audio media (2021), fuels, foodstuffs, manufactures, chemicals, trucks, textiles, East Caribbean dollars (XCD) per US dollar -2.7 (2017 est. GDP (PPP) means gross domestic product based on purchasing power parity. If you close this box or continue browsing, we will assume you agree with this. (See Standard of living and GDP.). small quantities of tobacco, vegetables; cattle . ", "Part 4. In 1980, Anguilla became a separate British dependency. Penn World Table, constant international-$, Agriculture orientation index for government expenditures, Annual CO2 emissions from land-use change per capita, Annual CO emissions from land-use change, Annual CO emissions including land-use change, Annual percentage change in CO emissions, Child dependency ratio the ratio between under-19-year-olds and 20-to-69-year-olds, Contribution to global mean surface temperature rise, Cost of a calorie sufficient diet as a share of average food expenditure, Cost of a healthy diet as a share of average expenditure on food, Cost of a nutrient adequate diet as a share of average food expenditure, Countries where women have fewer children than in the US, Crude death rate: the share of the population that dies per year, Cumulative CO emissions from land-use change, Cumulative CO emissions including land-use change, Estimated tuberculosis-related deaths among people living with HIV, Global warming: Contributions to the change in global mean surface temperature, Greenhouse gas emissions from food systems, International one-day trips per 1,000 people, International tourist trips per 1,000 people, International trips for business and professional reasons, National policy on flu vaccination for older people, Net enrollment rate, pre-primary, both sexes, Number of people using at least basic sanitation facilities, Number of people with access to at least basic drinking water, Number of people without access to an improved water source, Number of people without access to improved sanitation, Number of refugees per 100,000 population, by country of origin, Per capita CO emissions including land-use change, Percentage of teachers in lower secondary education who are qualified, Percentage of teachers in pre-primary education who are qualified, Proportion of important sites for freshwater biodiversity that are covered by protected areas, Protected area coverage of marine key biodiversity areas, Protected area coverage of mountain key biodiversity areas, Ratio of business trips to trips for personal reasons, Recorded deaths and disappearances during migration, Renewable electricity-generating capacity per person, Share of cumulative CO emissions from oil, Share of global CO emissions from cement, Share of global CO emissions from flaring, Share of global CO emissions from land-use change, Share of global CO emissions including land-use change, Share of global cumulative CO emissions from cement, Share of global cumulative CO emissions from coal, Share of global cumulative CO emissions from flaring, Share of global cumulative CO emissions from gas, Share of global cumulative CO emissions from land-use change, Share of global cumulative CO emissions including land-use change, Share of global greenhouse gas emissions from food, Share of important terrestrial biodiversity sites that are protected, Share of national greenhouse gas emissions that come from food, Share of people practicing open defecation, Share of population using at least basic drinking water source, Share of population using at least basic sanitation facilities, Share of tariffs on imports from least developed countries with a 0% rate, Share of the population living in urban areas, Share of the population without access to an improved water source, Share of the population without access to improved sanitation, Taxes on incomes of individuals and corporations, Tuberculosis patients living with HIV receiving antiretroviral therapy, Tuberculosis patients tested positive for HIV, Unsentenced detainees as a proportion of overall prison population.

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