What Is The Richest Caribbean Country?

Is Barbados a poor or rich country?

Current.

As of 2008, Barbados has a GDP (PPP) of $5.466 billion, a GDP (official exchange rate) of $3.777 billion, a GDP real growth rate of 1.5%, and a per capita PPP of $19,300..

What are the richest countries in the Caribbean?

Bermuda, Cayman and British virgin islands are the top richest and wealthiest islands in the caribbean. GDP per capita is often considered an indicator of the standard of living of a given country, as it reflects the average wealth of each person residing in a country.

Is Trinidad the richest country in the Caribbean?

The economy of Trinidad and Tobago is the wealthiest in the Caribbean and the third-richest by GDP (PPP) per capita in the Americas. Trinidad and Tobago is recognised as a high-income economy by the World Bank.

Is Guyana richer than Jamaica?

Guyana has a GDP per capita of $8,200, while in Jamaica, the GDP per capita is $9,200.

Who is Jamaica in debt to?

The position of Jamaica, as compared with the rest of the world, has improved in 2018 in terms of GDP percentage. Currently it is country number 166 in the list of debt to GDP and 121 in debt per capita, out of the 186 we publish….Public debt in Jamaica goes down.DateDebt201812,66219 more rows

Why is Jamaica so poor?

Jamaica has been known to spend half of its income on imported good for basic necessities. The country relies mostly on goods such as food, gasoline and clothing. Its high reliance on imported goods creates an increasing deficit, endangering the state of its economy and keeping people below the poverty line.

Is Aruba rich or poor country?

So what’s the “wealthiest” country in the Caribbean, according to GDP? It’s Aruba, with a GDP per capita of $23,353, followed by the Bahamas at $22,217 and Trinidad and Tobago at 21,323.

What is the poorest country in the Caribbean?

Poorest Countries in the Caribbean▲CountryGDP per capita1.Haiti$1,3002.Jamaica$9,0003.Dominican Republic$9,7004.Cuba$10,2007 more rows

Is Jamaica the poorest country in the Caribbean?

The recently released data 2014 World’s Development report ranks Jamaica as the 2nd poorest country in the Caribbean in terms of Gross National Income per captia. … Jamaica is only ranked above Haiti and if the Haitians get there act together we could end up at the bottom of the pile.

Why is the Caribbean so poor?

They are limited in the amount of land they have for agricultural production and they typically don’t have as many natural resources (such as minerals and natural gas) as one might find in larger areas. While the Caribbean is known for having good weather (as well as hurricanes) climates vary by island.

Where is the safest all inclusive resort?

The 8 Safest Travel Destinations in the Caribbean Right NowCayman Islands. The Caribbean Club in Cayman Islands. … St. Barts (St. … Bonaire. Beach at Harbour Village Beach Club, Bonaire. … Anguilla. The spa pool at the Four Seasons Resort and Residences Anguilla. … British Virgin Islands. … Martinique. … Guadeloupe. … Aruba.

Which Caribbean island is the most expensive?

Barts for short) and Anguilla have just been named the Caribbean’s two most expensive destinations. The French island and British overseas territory took the number one and two spots on the latest survey from TravelMag.com.

What is Jamaica main source of income?

Tourism. Tourism is tied with remittances as Jamaica’s top source of revenue. The tourism industry earns over 50 percent of the country’s total foreign exchange earnings and provides about one-fourth of all jobs in Jamaica.

Which country is financially strongest?

The following are the top 10 countries viewed as the most economically stable.Netherlands. … Sweden. … Australia. … Japan. Most Economically Stable Rank: 5. … Denmark. Most Economically Stable Rank: 4. … Germany. Most Economically Stable Rank: 3. … Canada. Most Economically Stable Rank: 2. … Switzerland. Most Economically Stable Country: 1.More items…•

Which country is richer Jamaica or Trinidad?

Trinidad and Tobago has a GDP per capita of $31,400, while in Jamaica, the GDP per capita is $9,200.

Which country has the strongest economy in the Caribbean?

The BahamasThe Richest Caribbean CountriesRankName (official name)GDP per capita (PPP) (US$)1The Bahamas32,0002Barbados25,1003Trinidad and Tobago20,3004Antigua and Barbuda18,40019 more rows•Feb 1, 2018

What are the 13 Caribbean countries?

Thirteen (13) INDEPENDENT countries of the Caribbean with flags:Antigua and Barbuda.Bahamas, The.Barbados.Cuba.Dominica.Dominican Republic.Grenada.Haiti.More items…

Which country has best economy?

The Top 20 Economies in the WorldUnited States.China.Japan.Germany.India.United Kingdom.France.Italy.More items…