The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This paper describes economic developments in Antigua and Barbuda during the 1990s. The growth of real GDP picked up to about 4 percent in 1993-94 on the strength of increased tourism while inflation remained low. The current account deficit of the public sector widened from less than 3 percent of GDP in 1990 to 4 percent of GDP in 1994, and the overall deficit went up to 61/2 percent of GDP. Public investment remained too low to provide for the upgrading of infrastructure needed for the continued growth of tourism and the economy.