Antigua and Barbuda

The economy continues to expand amid heightened external risks and moderating tourism activity. Inflation has eased from its 2024 peak and is converging to partner country levels. The public debt-to-GDP ratio eased from 101 percent in 2020 to an estimated 68 percent in 2025, aided by an improved fiscal position reflecting both improved tax collections and one-off factors. But arrears to domestic and Paris Club creditors are significant and gross financing needs (GFNs) are elevated. The overall financial system is stable and liquid.