Prime Minister Gaston Browne has hailed Antigua and Barbuda’s economic performance, citing nearly $400 million in Customs revenue for the first 10 months of 2024 as a testament to the country’s growth and resilience.
Speaking on his weekly Browne and Browne show on Pointe FM, the Prime Minister emphasized that this milestone reflects the success of the government’s policies and the collective efforts of citizens.
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“Net of inflation, we’ve seen a net increase of approximately $90 million,” Browne noted, adding that the country’s economic trajectory offers some of the brightest prospects in the Caribbean. He said that the growth stems not only from government initiatives but from the collective contributions of all Antiguans and Barbudans.
Browne pointed to several upcoming developments that underscore the country’s economic diversification.
Projects include the construction of three to four luxury resorts in Barbuda and Antigua, with the Rosewood project in Barbuda and the One&Only Hotel set to begin in the first quarter of 2025. Additionally, construction on a high-end Marriott property will commence next month.
The Prime Minister stressed that Antigua and Barbuda’s economy is becoming less dependent on tourism as investments in other sectors expand. Browne cited the country’s budding stem cell sector as a prime example.
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Wealthy visitors seeking treatments contribute significantly to the economy through hotel stays, airport taxes, and tips to local service providers.
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