Antigua and Barbuda Economy Grows Fastest in Caribbean Islands

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The RIF Trust View on Antigua and Barbuda’s Economic Development

Leila Bagheri is our Caribbean Citizenship by Investment expert. She underlines the significance of fiscal backbone: “When you invest in a country,  it’s always reassuring to see how stable they are economically and the recent endorsement of the Antigua and Barbuda economy does just that.”

Bagheri expands on the appeal of Antigua and Barbuda’s Citizenship by Investment Programme: “Antigua and Barbuda CBI is a great draw for investors not only because of the strength of the Antigua and Barbuda economy. It’s a family-friendly investment.”

“$260,000 buys you citizenship for a family of 6, with the added inclusion of a tuition-only, 1-year scholarship at the University of West Indies.”

The State of the Antigua and Barbuda Economy in 2024

In terms of GDP Growth Rate percentages, Antigua and Barbuda is indisputably the leading Caribbean Citizenship by Investment country. According to the United Nations’ 2024 Economic Survey of Latin America and the Caribbean that is. In 2024, this UN report estimates 6.3% growth.

Let’s compare this to Dominica (4.6%), Grenada (4.1%), St Kitts and Nevis (3%), and St Lucia (3.4%). What is even more striking is the positive contrast to Latin American countries. Argentina (-3.6%), Brazil (2.3%), and Colombia (1.3%).

We’ll conclude our comparison of figures with an examination of Central America stats. Here, 2024’s Antigua and Barbuda economy is expected to accelerate past dominant Dominican Republic (5.2%), sleepy Mexico (1.9%), and declining Panama (2.7%).

Moody’s Analytics Economic Indicators also looks at the financial picture in Antigua and Barbuda. Their Economic Overview stresses that “tourism continues to dominate Antigua and Barbuda’s economy, accounting for nearly 60% of GDP and 40% of investment.” “Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components.”

The U.S. Department of State is bullish about the state of the Antigua and Barbuda economy. Their Executive Summary considers the situation now and tomorrow: “The economy is expected to be driven by the continued rebound in the tourism sector and the expected increase in construction activity. Real GDP growth has remained positive since 2021 and is expected to continue into 2025.”

Antigua and Barbuda is also cultivating its blue economy. The World Bank define a blue economy as the “sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health.”

In this area, The Commonwealth have identified some emerging opportunities and sectors that include: “expanding aquaculture activities and exploring mariculture to support the demand for fish, particularly in response to the increasing demand from tourists.”

How to Invest in Antigua and Barbuda Citizenship

Citizenship by Investment also makes a sizeable contribution to the Antigua and Barbuda economy. Your minimum $230,000 investment will help to boost continuing development in this Eastern Caribbean country. One of the immediate returns is an Antigua and Barbuda passport that guarantees visa-free travel to 162 destinations.

If your goal is Caribbean citizenship, Antigua and Barbuda’s Citizenship by Investment Programme has been running since 2013. Consult a Citizenship by Investment specialist such as RIF Trust to learn more about the benefits and requirements of investing in Antigua and Barbuda citizenship. So, contact us now and we’ll show you how to proceed with your Antigua and Barbuda Citizenship by Investment application.