The economy is principally based around the tourism sector, attracting visitors to its many luxury resorts and beautiful beaches. Investment banking and financial services, together with the American University of Antigua College of Medicine and internet gambling sites, are also important components of Antigua and Barbuda’s economy. Agricultural products are produced and sold on the domestic market only. The main export products are handicrafts and electronic components, with limited presence of petroleum products, bedding, transport equipment, food and live animals. Key trade issues of Antigua and Barbuda are high economic growth dependence on tourism from the United States that makes the nation vulnerable to downturns in the world market. Also they need to diversify the economy.
Based on the ITC 2014-2018 Strategic Approach to the Caribbean Region, ITC will focus on implementing at regional level the recommendations of strategies recently developed by CARICOM for the cultural industries and professional services sectors.