Source: world bank Nominal/PPP
Summary:
Antigua and Barbuda GDP Per Capita expanded from 1977 to 2024, increasing from $1,213.67 to $23,542.45 .The compound annual growth rate (CAGR) averaged 6.51% over the period. The economy recorded its peak level in 2024 and its lowest level in 1977. Growth volatility remained high. The maximum drawdown reached 20.63%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Antigua and Barbuda Economic Phases (1977 - 2024)
From 1977 to 2024, Antigua and Barbuda economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1978–1990) indicating robust economic expansion
- Expansion (1991–1992) indicating steady moderate growth
- High Growth (1993–1994) indicating robust economic expansion
- High Growth (1996–1998) indicating robust economic expansion
- Expansion (2002–2003) indicating steady moderate growth
- High Growth (2004–2007) indicating robust economic expansion
- Contraction (2010–2011) indicating temporary slowdown
- Expansion (2014–2017) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1979 with an increase of 24.027%, while the largest decline was in 2020 at -18.664%.