Latin America And The Caribbean: Stormy Recovery Path

Despite hurricane damage, average economic growth in the Caribbean is expected to top the Latin American average according to the IMF. However, Dominica's GDP is expected to decline and weak growth is likely in Puerto Rico and the U.S. Virgin Islands where pre-existing macroeconomic weaknesses were compounded by storm damage.

 
 
Source
Central bank

Eastern Caribbean Central Bank

International Reserves

N/A

International Monetary Fund (IMF)/World Bank

Gross Domestic Product - GDP

N/A

GDP (Purchasing Power Parity)

N/A

Real GDP growth
N/A
GDP per capita - current prices

N/A

GDP per capita - PPP

N/A

GDP (PPP) - share of world total
N/A
 
 
Source
GDP - composition by sector
  • agriculture: 3% 
  • industry: 10.5% 
  • services: 86.4%

(2017 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
 

N/A

Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

 

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
 

N/A

Public deficit (General government net lending/borrowing as a % of GDP)
 

N/A

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
N/A
Largest companies

N/A

 
 
Source
Current account balance

N/A

Current account balance by percentage of GDP

N/A

Exports as percent of GDP (Exports of goods and services)

N/A

Shares in world total merchandising export

N/A

Shares in world total commercial services export

N/A

Total exports

USD 148.3 million (2020 estimate)

Export commodities

Lobster, fish, livestock, salt, concrete blocks, rum

Total imports

USD 278.8 million (2020 estimate)

 
 
Source
Import commodities

Fuels, foodstuffs, manufactures, chemicals, trucks, textiles

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2018 2019 2020
USD 56 million USD 125 million USD 26 million
FDI outflows
2018 2019 2020
USD -0.6 million USD -0.9 million USD -0.9 million
Value of cross-border M&A, by country of purchaser
N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: N/A

Subcategories:

Starting a business: N/A

Enforcing Contracts: N/A

Registering Property: N/A

Getting credit: N/A

Protecting investors: N/A

Trading across border: N/A

Paying Taxes: N/A

Dealing with Construction Permits: N/A

Getting Electricity: N/A

Resolving Insolvency: N/A

Global competitiveness ranking

N/A

 

 

 

 

Index of Economic Freedom

N/A

 
 
Source
Time zone

UTC-4

Total area

91 sq km​

Capital

The Valley

Currency

East Caribbean dollars (XCD)

Government type

Parliamentary democracy (House of Assembly); self-governing overseas territory of the UK

Languages

English (official)

Religions

Protestant 73.2% (includes Anglican 22.7%, Methodist 19.4%, Pentecostal 10.5%, Seventh Day Adventist 8.3%, Baptist 7.1%, Church of God 4.9%, Presbyterian 0.2%, Brethren 0.1%), Roman Catholic 6.8%, Jehovah's Witness 1.1%, other Christian 10.9%, other 3.2%, unspecified 0.3%, none 4.5% (2011 est.)

Total population
N/A
 
 
Source
Urban population as % of total population
N/A
Population median age

35.7 years (2020 estimate)

Population growth rate

1.8% (2022 est.)

Life expectancy

82.2 years (2022 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

N/A

Source
Total telephone subscribers as % of population

Fixed: 40.0%

Mobile: 173.3% (2020)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

81.6% (2016)

Mercer Cost of living index

N/A

CO2 emissions

N/A

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