Antigua and Barbuda's GDP changed from approximately $131M in 1980 to $2B 126M in 2024, showing an overall 1523.7% sharply increased during the period.
The lowest GDP was recorded in 1980 at $131M, and the highest in 2024 at $2B 126M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.5%.
For comparison, the average annual growth rate of Saint Lucia was 6.4%, and that of Barbados was 4.4%.
Overview of Antigua and Barbuda's GDP (1980–2024)
The Gross Domestic Product (GDP) of Antigua and Barbuda recorded a 1523.7% sharply increased from 1980 to 2024.
The average GDP during this period was $912M 288K, and the median was $826M.
GDP fluctuated within a range of $1B 995M, with a standard deviation of $528M 183K.
The average annual change was $39M 422K.
Antigua and Barbuda GDP from 1980 to 2024
The total market value of goods and services produced annually in Antigua and Barbuda.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1980, $131M
- Highest GDP: 2024, $2B 126M
- Most Recent GDP: 2024, $2B 126M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Antigua and Barbuda's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $1B 675M → $1B 416M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 313M → $1B 228M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $826M → $800M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $681M → $728M
- Outcome: increased
Key Economic Indicators of Antigua and Barbuda (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 131M | $ 1,920.25 | $ 3,997.15 | $ 274M | 8.162 % | 0 % | 0 % | 0 % | 68,000 people |
1981 | $ 148M | $ 2,177.09 | $ 4,578.14 | $ 311M | 3.815 % | 0 % | 0 % | 0 % | 68,000 people |
1982 | $ 164M | $ 2,448.59 | $ 4,913.25 | $ 330M | -0.085 % | 0 % | 0 % | 0 % | 67,000 people |
1983 | $ 182M | $ 2,752.97 | $ 5,458.07 | $ 361M | 5.364 % | 0 % | 0 % | 0 % | 66,000 people |
1984 | $ 208M | $ 3,200.99 | $ 6,331.94 | $ 412M | 10.165 % | 0 % | 0 % | 0 % | 65,000 people |
1985 | $ 241M | $ 3,763.97 | $ 7,151.19 | $ 458M | 7.644 % | 0 % | 0 % | 0 % | 64,000 people |
1986 | $ 290M | $ 4,617.61 | $ 8,277 | $ 521M | 11.493 % | 0 % | 0 % | 0 % | 63,000 people |
1987 | $ 337M | $ 5,455.26 | $ 9,203.86 | $ 569M | 6.626 % | 0 % | 0 % | 0 % | 62,000 people |
1988 | $ 399M | $ 6,547.26 | $ 10,176.86 | $ 620M | 5.214 % | 0 % | 0 % | 0 % | 61,000 people |
1989 | $ 439M | $ 7,273.25 | $ 11,233.98 | $ 678M | 5.252 % | 0 % | 0 % | 0 % | 60,000 people |
1990 | $ 459M | $ 7,623.43 | $ 12,017.22 | $ 724M | 3.012 % | 0 % | 0 % | 3.807 % | 60,000 people |
1991 | $ 482M | $ 7,927.59 | $ 12,591.19 | $ 765M | 2.177 % | 0 % | 0 % | -1.514 % | 61,000 people |
1992 | $ 499M | $ 8,084.43 | $ 12,817.44 | $ 792M | 1.158 % | 0 % | 0 % | 1.876 % | 62,000 people |
1993 | $ 535M | $ 8,474.04 | $ 13,508.63 | $ 853M | 5.28 % | 0 % | 0 % | 0.264 % | 63,000 people |
1994 | $ 589M | $ 9,097.24 | $ 14,346.22 | $ 930M | 6.676 % | 0 % | 0 % | -1.732 % | 65,000 people |
1995 | $ 577M | $ 8,675.24 | $ 13,639.72 | $ 908M | -4.36 % | 0 % | 0 % | -1.398 % | 67,000 people |
1996 | $ 634M | $ 9,266.47 | $ 14,407.26 | $ 985M | 6.606 % | 0 % | 0 % | 1.216 % | 68,000 people |
1997 | $ 681M | $ 9,678.32 | $ 15,032.31 | $ 1B 56M | 5.471 % | 0 % | 0 % | 1.728 % | 70,000 people |
1998 | $ 728M | $ 10,074.75 | $ 15,496.88 | $ 1B 120M | 4.731 % | 0 % | 0 % | 0.873 % | 72,000 people |
1999 | $ 766M | $ 10,349.52 | $ 15,905.69 | $ 1B 178M | 3.709 % | 0 % | 0 % | -1.106 % | 74,000 people |
