The Anguillan economy grew by 24.2% in 2022, amid a waning COVID-19 pandemic and a resurgence in travel demand. The full lifting of border restrictions and reopening of the high-end tourism industry coupled with increased airlift propelled a strengthening in tourism performance. Overall growth performance, however, was dampened somewhat by rising inflation that more than doubled in 2022. Higher fiscal revenues due, in part, to the application of a new Goods and Services Tax (GST) and prudent spending, allowed the Government of Anguilla (GOA) to maintain fiscal surpluses and to consolidate its operations without compromising social support for the most vulnerable. The financial system remained stable but vulnerable.
