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Economy of Antigua and Barbuda vs India compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $3.91T for India, ranking 177/197 and 5/197 by economy size, respectively.

Antigua and Barbuda has $1.49B in government debt (67.6% of GDP), compared to $3.19T (81.6% of GDP) in India.

Antigua and Barbuda vs India GDP by year

Antigua and Barbuda
India
1x
Year GDP, current $
Antigua India
2024 $2,207,622,874 $3,909,891,533,858
2023 $2,005,785,185 $3,638,489,096,034
2022 $1,866,566,667 $3,346,107,287,731
2021 $1,602,125,926 $3,167,270,623,260
2020 $1,411,637,037 $2,674,851,578,587
2019 $1,726,448,148 $2,835,606,256,558
2018 $1,661,529,630 $2,702,929,641,649
2017 $1,534,855,556 $2,651,474,262,755
2016 $1,489,603,704 $2,294,796,885,663
2015 $1,437,485,185 $2,103,588,360,045
2014 $1,378,707,407 $2,039,126,479,155
2013 $1,325,496,296 $1,856,721,507,622
2012 $1,364,729,630 $1,827,637,590,410
2011 $1,287,359,259 $1,823,051,829,895
2010 $1,298,348,148 $1,675,615,519,485
2009 $1,386,518,519 $1,341,888,016,995
2008 $1,557,640,741 $1,198,895,139,006
2007 $1,487,381,481 $1,216,736,438,835
2006 $1,303,674,074 $940,259,888,788
2005 $1,143,896,296 $820,383,763,511
2004 $1,026,329,630 $709,152,728,831
2003 $948,100,000 $607,700,687,237
2002 $898,092,593 $514,939,140,319
2001 $877,774,074 $485,440,139,204
2000 $901,003,704 $468,395,521,654
1999 $835,544,444 $458,821,052,616
1998 $789,788,889 $421,351,317,225
1997 $734,422,222 $415,867,563,593
1996 $679,140,741 $392,896,866,205
1995 $616,051,852 $360,281,909,643
1994 $625,081,481 $327,274,843,459
1993 $565,662,963 $279,295,648,983
1992 $525,133,333 $288,208,070,278
1991 $504,337,037 $270,105,341,879
1990 $478,718,519 $320,979,026,420
1989 $455,174,074 $296,042,052,945
1988 $411,396,296 $296,589,670,896
1987 $346,866,667 $279,033,584,092
1986 $297,562,963 $248,985,994,041
1985 $246,370,370 $232,511,554,840
1984 $212,214,815 $212,157,645,178
1983 $184,866,667 $218,262,146,413
1982 $166,444,444 $200,715,624,831
1981 $149,388,889 $193,491,368,446
1980 $132,451,852 $186,328,579,302
1979 $109,596,296 $152,995,442,498
1978 $88,040,741 $137,302,319,829
1977 $77,507,407 $121,486,641,441
1976 - $102,716,451,980
1975 - $98,473,832,017
1974 - $99,526,597,934
1973 - $85,517,673,173
1972 - $71,464,700,667
1971 - $67,351,404,352
1970 - $62,422,483,055
1969 - $58,447,995,017
1968 - $53,085,455,871
1967 - $50,134,942,204
1966 - $45,581,230,504
1965 - $59,556,105,229
1964 - $56,480,289,941
1963 - $48,421,923,459
1962 - $42,161,481,858
1961 - $39,232,435,784
1960 - $37,029,883,876

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/india | CC BY

GDP per capita in Antigua and Barbuda vs India by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
India
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua India
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,542 $33,386 $2,695 $11,160
2023 $21,495 $31,602 $2,530 $10,323
2022 $20,105 $29,934 $2,347 $9,207
2021 $17,349 $25,745 $2,240 $8,050
2020 $15,370 $22,370 $1,907 $6,966
2019 $18,896 $26,551 $2,041 $7,151
2018 $18,273 $24,524 $1,966 $6,715
2017 $16,966 $21,422 $1,950 $6,145
2016 $16,557 $21,320 $1,708 $5,800
2015 $16,078 $20,985 $1,584 $5,425
2014 $15,532 $21,671 $1,554 $5,192
2013 $15,052 $21,761 $1,433 $5,014
2012 $15,640 $23,012 $1,429 $4,820
2011 $14,912 $23,804 $1,445 $4,455
2010 $15,217 $24,071 $1,348 $4,206
2009 $16,472 $26,157 $1,095 $3,887
2008 $18,787 $29,978 $993 $3,633
2007 $18,205 $29,851 $1,022 $3,508
2006 $16,174 $26,949 $802 $3,221
2005 $14,369 $23,485 $710 $2,937
2004 $13,038 $21,629 $624 $2,682
2003 $12,173 $20,127 $544 $2,461
2002 $11,659 $18,813 $469 $2,277
2001 $11,539 $18,569 $450 $2,200
2000 $12,027 $19,319 $443 $2,091
1999 $11,342 $18,088 $442 $2,006
1998 $10,907 $17,496 $414 $1,852
1997 $10,336 $16,836 $416 $1,759
1996 $9,756 $16,017 $401 $1,695
1995 $9,034 $15,062 $375 $1,579
1994 $9,351 $15,736 $348 $1,467
1993 $8,625 $14,720 $303 $1,374
1992 $8,154 $13,908 $319 $1,309
1991 $7,956 $13,658 $306 $1,239
1990 $7,591 $12,996 $371 $1,212
1989 $7,188 - $350 -
1988 $6,466 - $358 -
1987 $5,424 - $345 -
1986 $4,629 - $315 -
1985 $3,814 - $301 -
1984 $3,271 - $281 -
1983 $2,847 - $296 -
1982 $2,569 - $278.7 -
1981 $2,310 - $275 -
1980 $2,053 - $271.1 -
1979 $1,705 - $228 -
1978 $1,375 - $209.4 -
1977 $1,214 - $189.6 -
1976 - - $164.1 -
1975 - - $161.1 -
1974 - - $166.7 -
1973 - - $146.6 -
1972 - - $125.3 -
1971 - - $120.7 -
1970 - - $114.4 -
1969 - - $109.5 -
1968 - - $101.6 -
1967 - - $98 -
1966 - - $91 -
1965 - - $121.5 -
1964 - - $117.9 -
1963 - - $103.4 -
1962 - - $92.2 -
1961 - - $87.9 -
1960 - - $84.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/india | CC BY

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $2,695 in India, ranking 143/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while India ranks 130th at $11,160.

Economic indicators

Antigua India
Gross domestic product
$2.21B
2024
$3.91T
2024
GDP rank
177/197
2024
5/197
2024
GDP growth
3.66%
2023-2024
6.49%
2023-2024
GDP per capita
$23,542
2024
$2,695
2024
GDP per capita rank
53/197
2024
143/197
2024
GDP per capita, PPP
$33,386
2024
$11,160
2024
GDP per capita PPP rank
66/197
2024
130/197
2024
Government debt
$1.49B
2024
$3.19T
2024
Debt-to-GDP ratio
67.6%
2024
81.6%
2024
Government debt per person
$15,910
2024
$2,200
2024
Government debt per person rank
39/185
2024
118/185
2024
Average annual personal income after taxes
$16,563
2026
$4,596
2026
Market capitalization of domestic companies n/a
$5.13T
2024
Number of millionaires n/a
917,000
2025
Number of billionaires n/a
205
2025
Income share by richest 10% n/a
22.1%
2022
Income share by poorest 10% n/a
4.5%
2022
Government expenditure, % of GDP
19.8%
2024
28.4%
2024
Consumer prices inflation
6.2%
2023-2024
4.95%
2023-2024
Central bank interest rate n/a
5.25%
2025
Unemployment rate
5.37%
2023
4.17%
2024
Population
94757
1480351380

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
India
Spending

Debt
1x
Year % of GDP
Antigua India
Government spending Government debt Government spending Government debt
2024 19.8% 67.6% 28.4% 81.6%
2023 18.8% 76.3% 27.9% 80.7%
2022 20.7% 82% 29.1% 82.2%
2021 23.4% 93% 29.9% 83.5%
2020 26% 100.5% 31% 88.4%
2019 22.1% 81.6% 26.8% 75.1%
2018 21.5% 84.3% 26.3% 70.4%
2017 22.6% 88.2% 26.2% 69.7%
2016 23.8% 83.1% 27.2% 68.9%
2015 24.8% 92.1% 27.1% 69%
2014 20.9% 91.9% 26.2% 67.1%
2013 20.7% 85.4% 26.6% 67.7%
2012 18.5% 76.9% 27.4% 68%
2011 21.1% 81.1% 27.6% 68.7%
2010 20% 79.4% 28% 67.7%
2009 32.1% 89.2% 28.5% 72.7%
2008 23.2% 66.8% 29.3% 74.3%
2007 23.8% 68.7% 26.9% 75.4%
2006 26% 79.1% 26.9% 77.9%
2005 21.5% 82.8% 26.9% 82.4%
2004 21.9% 107.7% 28.4% 84.9%
2003 24.2% 113% 29.9% 85.9%
2002 26.3% 114.5% 29.1% 84.3%
2001 24.2% 107.6% 28.3% 80.1%
2000 21.1% 96.4% 26.1% 74.9%
1999 20.3% 95.9% 25.8% 71.3%
1998 20.7% 94.6% 26% 69.3%
1997 16.8% 80.6% 25.2% 69%
1996 19.6% 85.5% 24.4% 67.1%
1995 21% 92.1% 25% 70.9%
1994 21.2% 84.5% 26.2% 74.8%
1993 19.4% 85.3% 26.2% 78.3%
1992 18.7% 90.8% 26.7% 78.8%
1991 20.8% 94.6% 27.3% 76.7%
1990 18.1% 94.1% 25.8% 50.8%
1989 - - 25.7% 50.5%
1988 - - 24.9% 48.9%
1987 - - 22.5% 48.9%
1986 - - 23.2% 47.9%
1985 - - 21.6% 44.3%
1984 - - 19.8% 41.6%
1983 - - 17.8% 39.6%
1982 - - 17.8% 41.7%
1981 - - 16.6% 37.2%
1980 - - 17.5% 38%
1979 - - 15.6% 32.2%
1978 - - 15% 30.8%
1977 - - 13.9% 29.9%
1976 - - 14.4% 31.3%
1975 - - 12.7% 29.5%
1974 - - 11.3% 29%
1973 - - 12.9% 34.1%
1972 - - 13.5% 37.2%
1971 - - 12.4% 37.6%
1970 - - 11.7% 38.1%
1969 - - 11.5% 38.8%
1968 - - 12.6% 40.3%
1967 - - 13.8% 38.5%
1966 - - 13.8% 36.2%
1965 - - 13.7% 36.8%
1964 - - 13.2% 33.8%
1963 - - 12.3% 35.5%
1962 - - 11.5% 36.2%
1961 - - 11.8% 38.7%
1960 - - 11.2% 36.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/india | CC BY

In 2024, Antigua and Barbuda's government spending was $437M, accounting for 19.8% of its GDP, while India spent $1.11T, or 28.4% of GDP.

Debt-to-GDP ratio is 67.6% in Antigua and Barbuda and 81.6% in India, ranking 63/185 and 43/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

India
1x
Year Deficit/surplus, % of GDP
Antigua India
2024 1.61% -7.9%
2023 -1.7% -7.4%
2022 -2.84% -8.97%
2021 -4.52% -9.45%
2020 -6.23% -12.9%
2019 -3.64% -7.69%
2018 -2.43% -6.34%
2017 -2.72% -6.23%
2016 -0.14% -7.12%
2015 -2.42% -7.21%
2014 -2.6% -7.07%
2013 -3.83% -7%
2012 -0.97% -7.55%
2011 -3.09% -8.35%
2010 -0.24% -8.79%
2009 -15.8% -9.7%
2008 -4.72% -9.17%
2007 -4.98% -4.59%
2006 -6.62% -6.38%
2005 -4.29% -7.49%
2004 -3.9% -9.22%
2003 -7.32% -11.4%
2002 -8.83% -11.1%
2001 -8.58% -11%
2000 -4.5% -8.41%
1999 -3.08% -8.7%
1998 -1.62% -9.74%
1997 0% -8.28%
1996 -1.61% -6.71%
1995 -3.89% -6.81%
1994 -4.33% -8%
1993 -2.45% -8.57%
1992 -0.81% -7.89%
1991 -3.91% -7.9%
1990 0.12% -8.07%
1989 - -7.68%
1988 - -7.01%
1987 - -9.53%
1986 - -10.6%
1985 - -9.58%
1984 - -8.54%
1983 - -7.28%
1982 - -6.78%
1981 - -6.07%
1980 - -7.27%
1979 - -4.87%
1978 - -4.45%
1977 - -4.1%
1976 - -4.1%
1975 - -3.11%
1974 - -2.3%
1973 - -3.53%
1972 - -3.14%
1971 - -2.9%
1970 - -2.35%
1969 - -2.66%
1968 - -3.98%
1967 - -4.97%
1966 - -4.18%
1965 - -4.49%
1964 - -4.41%
1963 - -4.16%
1962 - -3.3%
1961 - -4.1%
1960 - -4.05%
1959 - -5.29%
1958 - -5.08%
1957 - -3.35%
1956 - -2.93%
1955 - -2.77%
1954 - -2.61%
1953 - -1.83%
1952 - 0.03%
1951 - -0.5%
1950 - -1.01%
1949 - -0.73%
1948 - -0.82%
1947 - -0.86%
1946 - -2.89%
1945 - -4.4%
1944 - -3.32%
1943 - -3.48%
1942 - -3.62%
1941 - -0.37%
1940 - -0.59%
1939 - -0.32%
1938 - -0.16%
1937 - -0.1%
1936 - -0.45%
1935 - -0.4%
1934 - -0.09%
1933 - 0%
1932 - 0.03%
1931 - -0.68%
1930 - -1.02%
1929 - -0.91%
1928 - -0.87%
1927 - -0.98%
1926 - -0.88%
1925 - -0.67%
1924 - -0.3%
1923 - -0.66%
1922 - -1.05%
1921 - -1.45%
1920 - -1.57%
1919 - -1.04%
1918 - -0.48%
1917 - -5.69%
1916 - 0.25%
1915 - -0.51%
1914 - -0.98%
1913 - -0.85%
1912 - -0.58%
1911 - -0.42%
1910 - -0.85%
1909 - -0.7%
1908 - -1.25%
1907 - -1.22%
1906 - -0.8%
1905 - -2%
1904 - -0.53%
1903 - -0.56%
1902 - -0.56%
1901 - -0.27%
1900 - -1.06%
1899 - -0.56%
1898 - -0.49%
1897 - -1.02%
1896 - -1%
1895 - -0.41%
1894 - -0.5%
1893 - -0.59%
1892 - -0.56%
1891 - -0.64%
1890 - -0.8%
1889 - -0.45%
1888 - -1.94%
1887 - -1.28%
1886 - -0.75%
1885 - -1.48%
1884 - -1.22%
1883 - -0.81%
1882 - -0.77%
1881 - -0.05%
1880 - -0.69%
1879 - -0.39%
1878 - -0.12%
1877 - -0.84%
1876 - -0.8%
1875 - -0.87%
1874 - -0.15%
1873 - -0.28%
1872 - 0.31%
1871 - 0.42%
1870 - 0.19%
1869 - 0.01%
1868 - -0.38%
1867 - -0.12%
1866 - -0.31%
1865 - 0.21%
1864 - -0.11%
1863 - -0.06%
1862 - 0.15%
1861 - -0.16%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1861–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/india | CC BY

In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $35.6M, equivalent to 1.61% of GDP. This compares to India's deficit of $309B, or 7.9% of GDP.

Over the past 35 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while India ran a deficit in 35 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.63% of GDP, compared to deficit of 8.26% of GDP for India.

Inflation comparison by year

Inflation
Antigua and Barbuda

India
1x
Year Consumer prices inflation
Antigua India
2024 6.2% 4.95%
2023 5.1% 5.65%
2022 7.5% 6.7%
2021 1.6% 5.13%
2020 1.1% 6.62%
2019 1.4% 3.73%
2018 1.2% 3.94%
2017 2.4% 3.33%
2016 -0.5% 4.95%
2015 1% 4.91%
2014 1.1% 6.67%
2013 1.1% 10%
2012 3.4% 9.48%
2011 3.5% 8.91%
2010 3.4% 12%
2009 -0.6% 10.9%
2008 5.3% 8.35%
2007 1.4% 6.37%
2006 1.8% 5.8%
2005 2.1% 4.25%
2004 2% 3.77%
2003 2% 3.81%
2002 2.4% 4.3%
2001 1.9% 3.78%
2000 -0.2% 4.01%
1999 1.1% 4.67%
1998 3.3% 13.2%
1997 0.4% 7.16%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/india | CC BY

Over the past 28 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.23%, compared with 6.33% in India. In 2024, inflation was 6.2% in Antigua and Barbuda and 4.95% in India.

Top exports between countries

Antigua
Export category Export value
Metals $57K
Machinery & equipment $42K
Textiles & consumer goods $6K
Wood & paper products $1K
India
Export category Export value
Machinery & equipment $4.04M
Chemicals & pharma $496K
Textiles & consumer goods $403K
Metals $366K
Raw materials & minerals $150K
Processed food, beverages & tobacco $20K
Wood & paper products $6K
Animal & marine products $4K
Miscellaneous $1K

Balance of trade

Antigua India
Current account balance
-$181M
2024
-$32.1B
2024
Current account balance ranking
98/190
2024
186/190
2024
Current account balance, % of GDP
-8.22%
2024
-0.82%
2024
Goods imports
$726M
2024
$727B
2024
Goods exports
$72.1M
2024
$447B
2024
Service imports
$557M
2024
$197B
2024
Service exports
$1.24B
2024
$375B
2024
Imports of goods and services, % of GDP
63%
2022
23.5%
2024
Exports of goods and services, % of GDP
54.7%
2022
21.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua India
Economic freedom 56 52.5
Economic freedom ranking 125/197 146/197
Property rights n/a 48.3
Government integrity n/a 37.8
Judicial effectiveness n/a 52.6
Tax burden n/a 71.2
Government spending n/a 75.7
Fiscal health n/a 6.7
Business freedom n/a 67.4
Labor freedom n/a 59
Monetary freedom n/a 70.9
Trade freedom n/a 61
Investment freedom n/a 40
Financial freedom n/a 40

Other economic metrics

Antigua India
Services, % of GDP
69.1%
2023
49.9%
2024
Industry, % of GDP
19%
2023
24.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
16.3%
2024
GNI, Atlas method
$1.98B
2024
$3.84T
2024
GNI per capita, PPP
$31,730
2024
$11,000
2024
Total reserves including gold
$358M
2024
$643B
2024
Total reserves ranking
164/177
2024
5/177
2024
Net foreign direct investment
-$253M
2024
-$2.89B
2024
Net inflows of foreign direct investment
$246M
2024
$27.1B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$24.2B
2024
Servicing debt to the IMF, % of GNI n/a
2.38%
2024
Poverty at national poverty lines n/a
21.9%
2011
Gross capital formation, % of GDP n/a
32.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/antigua-and-barbuda/india | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1861–1990, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.