Ranking the Caribbean on Projected Economic Growth in 2014

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Above: St Vincent and the Grenadines (CJ Photo)

By the Caribbean Journal staff

The World Bank released its mid-year Global Economic Prospects report on Tuesday evening, which included its updated growth projections for the Caribbean.

Regionally, the Bank said growth remained “broadly flat” in Latin America and the Caribbean, reflecting “stable or declining commodity prices, the continued slowdown in China, the drop in first quarter US GDP growth and domestic challenges.”

Some countries in the region did manage to post solid growth, however.

Within the Caribbean, Guyana was projected to post the biggest improvement, with a forecast of 4.4 percent growth, followed by the Dominican Republic at 4 percent and Haiti at 3.6 percent.

In the wider Caribbean basin, Panama led the way, with a projected GDP growth rate of 6.8 percent in 2014.

The report did not include GDP data for overseas territories or for Antigua, the Bahamas, Barbados or Grenada. The World Bank did not list a reason for their absence.

For the full data set, see below:

 

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