Background:
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.
Economy
- 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.
For more
information please visit
CIA
World Factbook