News

St Kitts and Nevis’ Economy Is Booming

By: Caribbean Journal Staff - April 10, 2016

The Caribbean’s smallest country has one of its fastest-growing economies, according to new projections from the United Nations Economic Commission for Latin America and the Caribbean.

The twin-island country is projected to see GDP growth of 5.1 percent this year, according to revised estimates by ECLAC.

That is the highest rate of projected growth in CARICOM, and second in the wider region to the Dominican Republic, which is projected to grow at a 5.5 percent clip.

The tiny Eastern Caribbean country has been seeing a wave of new investment, particularly in the hotel sector, buoyed by its decades-old citizenship by investment program.

— CJ Staff

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