Markets

The Dominican Republic Is the Caribbean’s Fastest-Growing Economy

By: Caribbean Journal Staff - April 24, 2017

The Dominican Republic is the Caribbean’s fastest-growing economy, according to the latest updated projections from the United Nations Economic Commission for Latin America and the Caribbean.

The Dominican Republic’s Gross Domestic Product is projected to grow by 5.3 percent this year, the highest projected growth rate not only in the Caribbean but in all of Latin America.

The next-fastest-projected growth was Guyana at 3.7 percent, according to the report, the fastest-growing CARICOM Member State.

The Caribbean region as a whole was projected to grow by 1.4 percent in 2017.

Note: ECLAC data does not track overseas territories or departments in its projections.

For the full list of economic projections for the Caribbean, see below.

 

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]


The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]


The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]


Related Posts divi resorts

How Divi Resorts Works With Travel Agents 

Divi Resorts has a growing portfolio of resorts in the Caribbean, from its popular adults-only resort in St Croix to the new Oceans brand in both St Croix and St Maarten.  The company also has a robust relationship with travel […]


The Best Travel Agent Incentives in the Caribbean Right Now 

sandals all-inclusive resort

In an effort to motivate its advisor partners, many top-notch Caribbean hotels are offering special perks for travel specialists who show initiative through bookings. “Incentives are not only great to earn, but once you use them, it helps in business growth,” said Dilworth […]


The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You