IMF Warns Skills Shortages Could Slow Antigua and Barbuda’s Economic Growth

The International Monetary Fund has warned that skills shortages and domestic capacity constraints could weigh on Antigua and Barbuda’s future economic growth despite continued expansion in the economy.

In its latest Article IV consultation, the IMF said risks to the country’s economic outlook remain tilted to the downside, pointing to both global uncertainty and local constraints affecting growth potential.

Among the domestic concerns highlighted were labour and skills shortages, which the IMF said could hinder development if not addressed. Directors encouraged the authorities to tackle these shortages as part of broader efforts to improve competitiveness and support long-term expansion.

The IMF also called for reforms aimed at improving productivity and strengthening connectivity to support trade and tourism growth. Recommendations included streamlining port and customs procedures and carefully prioritizing infrastructure projects.

The warning came as Antigua and Barbuda continued to record economic growth in 2025. The IMF estimated real GDP growth at 3 percent, supported mainly by construction activity despite slower tourism performance.

The report further noted that employment has gradually recovered to pre-pandemic levels while inflation eased sharply to 1.4 percent in 2025.

While downside risks remain, the IMF said stronger tourism demand, improved connectivity and productivity-enhancing reforms could help strengthen the country’s growth outlook.

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