News

Haiti Led Caribbean GDP Growth Last Year, Will Again in 2012: ECLAC

By: Caribbean Journal Staff - June 18, 2012

Above: a newly-inaugurated staircase in Petionville (Photo: OP)

By the Caribbean Journal staff

Haiti’s economy led the Caribbean in 2011 and will do so again in 2012, according to new data from the United Nations Economic Commission for Latin America and the Caribbean.

Haiti’s GDP grew 5.6 percent in 2011, the highest rate in the Caribbean, and is projected to grow by 6 percent this year, according to the report.

Guyana had the second-highest growth rate in the region last year at 5.4 percent (its growth is projected to fall to 4.1 percent this year).

The Latin American and Caribbean region is projected to grow 3.7 percent in 2012, with a 1.9 percent growth rate in the English-speaking Caribbean.

Haiti’s growth was led last year by what ECLAC called the “favourable” performance of sectors including construction (which grew 9.2 percent in the last fiscal year) and manufacturing (which increased by 18 percent).

A rise in inflation last year in Haiti was due largely to an upward global trend of prices in products like oil and food, although it slowed towards the end of the year.

See below for the full table of projected growth rates in the Caribbean this year:

Source: ECLAC

Popular Posts cape santa maria

The Best Caribbean Beach Resort You’ve Never Heard of 

There’s a boat just offshore called “Escape.”  It’s bobbing in some of the most brilliant, dynamic turquoise water I’ve ever seen, a few meters from a stretch of sand so bright and so white you have to squint to look […]


Marriott Is Opening Its New St Regis Resort In Aruba 

aruba st regis inside the restaurant with chairs

It was more than a decade ago that Marriott opened its first-ever Ritz-Carlton resort in the Dutch Caribbean: the Ritz-Carlton, Aruba, which at the time was the island’s first true five-star resort.  Fast forward to 2024, and Marriott is set […]


From All-Inclusive Resorts to Beaches, Travelers Are Falling in Love With Antigua and Barbuda

antigua barbuda frontier airlines the peninsula with sand

The plunge-pool villas at Hammock Cove. The historic streets of Nelson’s Dockyard. Pool days at Sheer Rocks. Unforgettable honeymoons. Vibrant meals of pepperpot and fungee. Beach bar hopping on the south coast. Endless serenity in Barbuda.  Travelers keep flocking to […]


Related Posts guyana caribbean airlines

Caribbean Airlines Just Launched a New Route to Guyana

Caribbean Airlines has launched the company’s newest route, a nod to the growing business travel demand for Guyana.  The carrier has launched new nonstop flights between Houston, Texas and Georgetown, Guyana, including onward connectivity to Port of Spain, Trinidad.  Guyana’s […]


Caribbean Airlines to Launch Houston-Guyana Flights 

caribbean airlines guyana

Guyana’s booming oil industry has led to another new route from the United States. Caribbean Airlines is launching a new route to the region, with nonstop service from Houston, Texas to Georgetown, Guyana.  The new route will also include onward […]


Turks and Caicos’ InterCaribbean Airlines Is Expanding Again

guyana caribbean airlines

Fresh off the news of its expansion to Antigua, Turks and Caicos-based interCaribbean Airlines is set to. Launch another new destination: Guyana.  The company will be launching new flights to Guyana on Dec. 17, with service between Georgetown and Barbados.  […]


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