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Antigua real estate and Barbuda real estate investment information
for Saint John's and Codrington. Scroll down for more information
about Antigua and Barbuda.
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About
Antigua & Barbuda
Antigua
& Barbuda Population: 68,320 (July 2004 est.)
Languages: English (official), local dialects
Capital: Saint John's (Antigua)
Government Type: cConstitutional monarchy with UK-style parliament.
Independence Day: 1 November 1981 (from UK)
Legal System: Based on English common law.
Currency: East Caribbean dollar (XCD)
Executive
Branch:
Chief
of State: Queen ELIZABETH II (since 6 February 1952), represented
by Governor General James B. CARLISLE (since 10 June 1993) head
of government: Prime Minister Baldwin SPENCER (since 24 March
2004).
Head of Government: Council of Ministers appointed by the governor
general on the advice of the prime minister.
American
Embassy: the US does not have an embassy in Antigua and Barbuda
(embassy closed 30 June 1994)
General Overview: The Siboney were the first to inhabit the
islands of Antigua and Barbuda in 2400 B.C., but Arawak and
Carib Indians populated the islands when Columbus landed on
his second voyage in 1493. Early settlements by the Spanish
and French were succeeded by the English who formed a colony
in 1667. Slavery, established to run the sugar plantations on
Antigua, was abolished in 1834. The islands became an independent
state within the British Commonwealth of Nations in 1981.
Economic
Overview: Tourism continues to dominate the economy, accounting
for more than half of GDP. Weak tourist arrival numbers since
early 2000 have slowed the economy, however, and pressed the
government into a tight fiscal corner. The dual-island nation's
agricultural production is focused on the domestic market and
constrained by a limited water supply and a labor shortage stemming
from the lure of higher wages in tourism and construction. Manufacturing
comprises enclave-type assembly for export with major products
being bedding, handicrafts, and electronic components. Prospects
for economic growth in the medium term will continue to depend
on income growth in the industrialized world, especially in
the US, which accounts for slightly more than one-third of tourist
arrivals.
International
Disputes:
None
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