A recent report by the U.S. Department of State has underscored the economic resilience of Antigua and Barbuda, while emphasizing the need for continued reforms to sustain growth and mitigate risks. The 2025 Investment Climate Statement, released in September, highlighted that the nation’s economy expanded by 4.3% in 2024, driven largely by tourism, yachting, agriculture, and business process outsourcing. However, the report cautioned that the country remains vulnerable to external shocks, including supply chain disruptions, natural disasters, and global economic downturns. Tourism, the largest foreign exchange earner and employer, exposes the nation to fluctuations in international travel demand. To bolster economic resilience, the government has prioritized foreign direct investment through the Antigua and Barbuda Investment Authority (ABIA), focusing on renewable energy, agro-processing, and infrastructure. Initiatives like the Nomad Digital Residence Visa aim to attract remote workers and high-net-worth individuals. While these efforts reflect a strategy to diversify income sources, the report stresses that long-term stability hinges on addressing fiscal sustainability and climate-related vulnerabilities.
Washington notes growth in the Antiguan economy but says diversification needed
