{"id":219792,"date":"2024-12-22T17:57:02","date_gmt":"2024-12-22T21:57:02","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=219792"},"modified":"2024-12-22T17:57:03","modified_gmt":"2024-12-22T21:57:03","slug":"antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/","title":{"rendered":"Antigua and Barbuda\u2019s Bank Deposits Grow by $200 Million in 2024"},"content":{"rendered":"
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Prime Minister Gaston Browne has announced that Antigua and Barbuda\u2019s bank deposits increased by $200 million in 2024, bringing the total to over $6 billion, a remarkable milestone for a nation of approximately 100,000 people.<\/p>

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\u201cThis $200 million increase in deposits highlights the financial stability of our nation and the wealth generation among our people,\u201d Browne stated. He explained that the growth in savings is largely attributed to individual depositors, as businesses typically reinvest earnings rather than accumulate significant savings.<\/p>\n\n\n\n

Browne credited the expansion in the tourism and construction sectors for driving economic growth. Tourism has seen substantial gains in both cruise and overnight visitors, creating significant income opportunities for taxi operators, vendors, and other small businesses.<\/p>

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\u201cMany taxi operators are now earning six figures annually,\u201d Browne said, underscoring the economic impact of the sector.<\/p>

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In the construction industry, approximately $900 million was spent in 2024 on infrastructure and private projects, creating a high demand for skilled and unskilled labor.<\/p>\n\n\n\n

\u201cWe\u2019re facing a shortage of labor because of the construction boom,\u201d Browne noted. \u201cWorkers are now earning up to $250 per day, reflecting the strong demand for their services.\u201d<\/p>

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Antigua and Barbuda\u2019s per capita income has now surpassed $60,000, placing the nation in the high-income category.<\/p>\n\n\n\n

\u201cThis level of growth demonstrates the success of our policies and the resilience of our people,\u201d Browne remarked.<\/p>

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The Prime Minister reiterated his administration\u2019s commitment to ensuring that economic gains benefit all citizens as the nation prepares for another year of growth in 2025.<\/p>

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Prime Minister Gaston Browne has announced that Antigua and Barbuda\u2019s bank deposits increased by $200 million in 2024, bringing the total to over $6 billion, a remarkable milestone for a nation of approximately 100,000 people. \u201cThis $200 million increase in deposits highlights the financial stability of our nation and the wealth generation among our people,\u201d […]<\/p>\n","protected":false},"author":3,"featured_media":6867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-219792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua and Barbuda\u2019s Bank Deposits Grow by $200 Million in 2024 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua and Barbuda\u2019s Bank Deposits Grow by $200 Million in 2024\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Gaston Browne has announced that Antigua and Barbuda\u2019s bank deposits increased by $200 million in 2024, bringing the total to over $6 billion, a remarkable milestone for a nation of approximately 100,000 people. \u201cThis $200 million increase in deposits highlights the financial stability of our nation and the wealth generation among our people,\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-22T21:57:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-22T21:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/09\/ecab-bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"530\" \/>\n\t<meta property=\"og:image:height\" content=\"306\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"Antigua and Barbuda\u2019s Bank Deposits Grow by $200 Million in 2024\",\"datePublished\":\"2024-12-22T21:57:02+00:00\",\"dateModified\":\"2024-12-22T21:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/\"},\"wordCount\":254,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:530\/h:306\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/09\/ecab-bank.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/\",\"url\":\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-bank-deposits-grow-by-200-million-in-2024\/\",\"name\":\"Antigua and Barbuda\u2019s Bank Deposits Grow by $200 Million in 2024 - 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