Published: Monday, 21th October 2024
In this page, you will find a detailed guide on the standard of living in Antigua and Barbuda, covering various aspects such as economy, health system factors, environment, import-export, taxes and finances.
 Indicators  | Antigua and Barbuda  |
|---|---|
Gross Domestic Product (GDP) (2023)  | $1.95 billion USD |
GDP Per Capita (2023)  | 19,068 USD |
GINI Ratio (2023)  | Yet to Update |
Inflation on Consumer Prices (2023)  | 5.07 % anually |
Central Government Debt (2023)  | Yet to Update |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Antigua and Barbuda is $1.95 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
Indicators | Antigua and Barbuda |
|---|---|
Human Development Index (HDI) (2023)  | 0.826 |
Human Capital Index (HCI) (2023)  | 0.6 |
Literacy Rate (2023)  | 98.95% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.9 years |
Healthy Life Expectancy Ratio (2023)  | 66.5 years |
Poverty Ratio (2023)  | Yet to Update |
Unemployment Rate (2023)  | Yet to Update |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living. This is expressed as a value between 0 and 1. The higher a country's human development, the higher its HDI value.
Indicators | Antigua and Barbuda |
|---|---|
Gross National Expenditure (2023)  | Yet to Update |
Total Health Expenditure (2023)  | 5.85% of GDP |
Research and Development Expenditure (2023)  | Yet to Update |
Government Expenditure on Education (2023)  | 3.65% of GDP |
International Tourism Expenditure (2023)  | 35 million USD |
Number of International Tourists Arrivals (2023)  | 384,500 |
Military Expenditure (2023)  | Yet to Update |
Indicators | Antigua and Barbuda |
|---|---|
Number of Doctors (2023)  | 28.98 (Per 10,000 People) |
Number of Nurses (2023)  | 95.8 (Per 10,000 People) |
Number of Pharmacists (2023)  | Yet to Update |
Available Hospital Beds (2023)  | 2.89 (Per 10,000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 100% of total Population |
Indicators | Antigua and Barbuda |
|---|---|
Agricultural Land (2023)  | 90 sq km |
Forest Area (2023)  | 80.53 sq km |
CO2 Emissions (2023)  | 0.23 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100% of total Population |
Access to Internet (2023)  | 95.66% of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.004 Billion cubic meters |
100% of the total Population of Antigua and Barbuda has access to the electricity in their homes.
95.66% of the total Population of Antigua and Barbuda has access to the Internet.
Indicators | Antigua and Barbuda |
|---|---|
Time Required to Start a Business (2023)  | 19 Days |
New Businesses Registered (2023)  | 277 (New Businesses) |
New Businesses Registration Density (2023)  | 4.17 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 8% of GNI Per Capita |
In the year 2023, 277 new businesses got registered in Antigua and Barbuda.
It usually takes 19 days in Antigua and Barbuda to register a new business legally and systematically.
Indicators | Antigua and Barbuda |
|---|---|
Imports of Goods and Services (2023)  | 62.94% of GDP |
Total Fuel Imports (2023)  | 0.72% of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 546.39 USD |
Time to Import Border Compliance (2023)  | 61.33 Hours |
Cost to Import Documentary Compliance (2023)  | 100 USD |
Time to Import Documentary Compliance (2023)  | 48 Hours |
Indicators | Antigua and Barbuda |
|---|---|
Exports of Goods and Services (2023)  | 54.69% of GDP |
Total Fuel Exports (2023)  | Yet to Update |
Cost to Export Border Compliance (2023)  | 546.39 USD |
Time to Export Border Compliance (2023)  | 61.33 Hours |
Cost to Export Documentary Compliance (2023)  | 120.83 USD |
Time to Export Documentary Compliance (2023)  | 50.67 Hours |
Indicators | Antigua and Barbuda |
|---|---|
Gross National Savings (2023)  | Yet t Update |
Tax Revenue (2023)  | Yet t Update |
Taxes on Exports (2023)  | Yet to Update |
Taxes on Goods and Services (2023)  | Yet to Update |
Taxes on International Trade (2023)  | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 177 Hours |
Customs and Other Import Duties (2023)  | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living in Antigua and Barbuda.
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