economic history of Antigua

Antigua’s economic history has been shaped largely by sugar production, which flourished from the 17th to 19th centuries, relying heavily on enslaved labor. After the abolition of slavery, the economy faced decline until diversification efforts, like tourism, began mid-20th century, turning Antigua into a popular Caribbean destination. Agriculture declined but remains significant, while tourism now drives growth and employment. The country also benefits from offshore finance and yachting industries. Overall, Antigua’s economy shifted from plantation-based agriculture to a service-oriented model, emphasizing tourism and financial services, helping it modernize and maintain economic stability.