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A wide variety of languages are spoken but English remains the first language on the island state.The World Bank’s ‘Doing Business 2012’ study states that Antigua and Barbuda is a suitable country for foreign investment, as it is ranked 29th out of 183 in the category “Protecting Investors”.Antigua and Barbuda has no indigenous sources of oil, natural gas, coal or hydropower.The country is largely dependent on imported oil to generate electricity.As an island state, Antigua and Barbuda place emphasis on shipping trade.The harbour also serves as a port for cruise liners.
It is one of the most important freight hubs of the Caribbean.
The agriculture and fishery sectors have dropped from 40 per cent of GDP in the 1960s to about 12%.
Manufacturing industries, which thrived in the decade of the 1980s, are export oriented and produce garments, paint, furniture, bedding and galvanised sheets.
The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries.
Compared to other Eastern Caribbean States, Antigua and Barbuda has one of the highest literacy rates in the region, with 98% among men and women (2008).