Antigua and Barbuda: 2025 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2025 Issue 096

Publication date: April 2025

ISBN: 9798229008129

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Natural Disasters , Tourism , Government debt planning , Debt sustainability , Credit bureaus , Fiscal stance , Arrears , Natural disasters , External sector statistics

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Summary

Recent developments. Antigua and Barbuda’s economy continues its expansion, driven by strong tourism activity and one-off events boosting growth in 2024. Inflation also picked up in 2024, departing from regional trends, following higher costs for specific items, notably communication, as well as increases in indirect taxes. With nominal GDP recovering, the public debt-to-GDP ratio has eased from 101 percent in 2020 to an estimated 67 percent in 2024. However, domestic and external arrears are significant, albeit with domestic arrears uncertain in size, and gross financing needs remain high. The financial sector remains stable and liquid.