April 15, 2025
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.
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