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gdp

The Caribbean Economic Forecast for 2025

News

Saint Lucia Has a New Kind of Luxury Resort, With Beachfront Villas, Private Pools and Butler Service

Saint Lucia’s new Sapphire Sands Villas brings a villa-first luxury resort to Reduit Beach, with flexible beachfront accommodations, private plunge pools and around-the-clock butler service. Sapphire Sands Villas is now open on Reduit Beach in Saint Lucia, and the new property from Bay Gardens Resorts is something notably different for both the island and the […]

Markets

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

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 […]

gdp

Jamaica’s GDP Growth Is Still Slow

Jamaica’s economy continues to struggle. The island recorded estimated GDP growth of 0.8 percent last year, according to the latest data from the Planning Institute of Jamaica. That was still an improvement over 2014, however, when the island’s economy grew by 0.5 percent, lagging most of its neighbors in the Caribbean. PIOJ director general Colin […]

gdp

The Caribbean’s Fastest-Growing Economy

What’s the fastest-growing economy in the Caribbean region? Right now, it’s the Dominican Republic, which saw GDP growth of 6.6 percent in 2015, the highest rate in the region, according to new data from the United Nations Economic Commission for Latin America and the Caribbean. The region’s second-fastest-growing economy was St Kitts and Nevis, which […]

Jamaica’s GDP Growth Is Still Slow

By Dana Niland CJ Contributor The Turks and Caicos Islands is projected to have some of the region’s highest GDP growth in the coming years, according to data from its Strategic Policy and Planning Department. Future projections suggest that economic growth is expected at a rate of 4.4 percent in 2016, 4.3 percent in 2017, […]

Cayman’s Economy Up 1.4 Percent

Economy grows in early 2015 By Dana Niland CJ Contributor The Cayman Islands economy experienced a 1.4 percent growth in the first quarter, according to a report by the Economics and Statistics Office. A number of sectors contributed to the GDP growth, led by the hospitality, real estate, and business sectors. Financial services remained the […]

Op-Ed: Climate Change and the Caribbean

By George Nicholson and Anastasia Ramjag Op-Ed Contributors This debate surrounding our climate has polarized the world into two different groups for a long time; some theorists maintain that an intrinsic characteristic of climate is that it changes while a large percent of others support the theory that global warming is anthropogenic or caused by […]

Tourism Driving Stronger GDP Growth in Grenada

IMF says GDP growth quickening By the Caribbean Journal staff Grenada’s economy is on the rise. The country’s GDP growth forecast has been revised upward significantly by the IMF, following the organization’s latest visit to the country. While Grenada had initially been projected to growth by 1.7 percent earlier this year, the island’s 2015 growth […]

This is the Caribbean’s Fastest-Growing Economy in 2015

Significant growth in 2015 By the Caribbean Journal staff When the government of Prime Minister Gaston Browne came to power in June 2014, there was one overriding goal: to make Antigua and Barbuda and economic power house. So far in 2015, that’s been the case. The country has posted the fastest growth in the Caribbean […]

Productivity in Jamaica

By Dennis Chung CJ Contributor JAMAICA SEEMS set to pass the sixth International Monetary Fund (IMF) test, underlining the fact that we have, no doubt, been making progress in establishing the framework on which development must take place. I say this against the background that the legislative and fiscal initiatives put in place have been successful […]

Jamaica Reports Positive GDP Growth

Above: Kingston (Caribbean Journal photo) By the Caribbean Journal staff After the country’s economy saw a 0.3 percent contraction in the last quarter of 2014, Jamaica is now reporting positive growth for the first quarter of 2014. The Planning Institute of Jamaica reported this week that it was projecting growth of between 0.5 and 1.5 […]

IMF: Barbados Faces "Considerable Economic Challenges"

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados continues to face “considerable economic challenges,” according to the International Monetary Fund. The fund recently concluded 10 days of discussions with Barbados for the 2013 Article IV consultation, led by mission chief Nicole Laframboise. Real GDP output is projected to fall by 0.7 percent, according […]