The Caribbean’s Fastest-Growing Economies in 2014: Report

Above: Santo Domingo

By the Caribbean Journal staff

What are the fastest-growing economies in the Caribbean in 2014?

The United Nations Economic Commission for Latin America and the Caribbean recently unveiled its updated projections for growth in 2014.

At the top of the pack?

It was the Dominican Republic, with a projected GDP growth of 5 percent in 2014, according to ECLAC.

Guyana was second in the Caribbean region with a projected GDP growth of 4.5 percent, followed by Suriname at 4.4 percent and Haiti at 3.5 percent. (Guyana led the region in GDP growth last year at 5.3 percent, according to ECLAC).

The next-fastest-growing Caribbean country was St Kitts and Nevis, whose economy is projected to grow by 3.1 percent this year.

The slowest-growing economy? It was Barbados, with a projected growth of just 0.5 percent this year.

The report said it cut its regional growth forecast for Latin America and the Caribbean to 2.2 percent, down from its April estimate of 2.7 percent.

See below for the full list of projections for the Caribbean this year.