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Anguilla

Introduction to Anguilla

Colonized by English settlers from Saint Kitts in 1650, Anguilla was administered by Great Britain until the early 19th century, when the island - against the wishes of the inhabitants - was incorporated into a single British dependency, along with Saint Kitts and Nevis. Several attempts at separation failed. In 1971, two years after a revolt, Anguilla was finally allowed to secede; this arrangement was formally recognized in 1980, with Anguilla becoming a separate British dependency.

Government

Capital:

The Valley

National holiday:

Anguilla Day, 30 May

Economy

Economy overview:

Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry, which has spurred the growth of the construction sector, has contributed to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector, which is small, but growing. In the medium term, prospects for the economy will depend largely on the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.

GDP:

purchasing power parity - id=mce_marker04 million (2001 est.)

GDP - composition by sector:

agriculture: 4%
industry: 18%
services: 78% (1997 est.)

Agriculture products:

small quantities of tobacco, vegetables; cattle raising

Industries:

tourism, boat building, offshore financial services

Transportation

Highways:

total: 105 km
paved: 65 km
unpaved: 40 km (1997)

Ports and harbors:

Blowing Point, Road Bay

Airports:

3 (2003 est.)

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