ECNETNews, December 18, 2024: The Caribbean region is set for gradual economic growth in 2025, with Guyana projected to lead the way with an impressive 13.6% GDP growth. This forecast comes from the latest economic analysis, which indicates that despite challenges, the region is on a positive trajectory.
Excluding Guyana, the Caribbean is anticipated to experience a GDP growth of 2.6%, reflecting modest progress amidst persistent issues such as slow job creation, high informality rates, and gender disparities in labor markets. Without Guyana’s influence, overall growth is expected to be around 8.7%.
Emphasizing the critical need to enhance resilience, encourage productive investments, and generate quality employment, experts have outlined strategies to break the cycle of low growth in the region.
Caribbean GDP Growth Forecast for 2025
The following presents a breakdown of Caribbean countries and their projected GDP growth for 2025, ranked from highest to lowest:
| Country | GDP Growth (%) |
|---|---|
| Guyana | 13.6 |
| Antigua and Barbuda | 5.8 |
| Saint Vincent and the Grenadines | 4.7 |
| Dominica | 4.2 |
| Belize | 4.1 |
| Grenada | 3.7 |
| Saint Kitts and Nevis | 3.2 |
| Barbados | 3.0 |
| Saint Lucia | 3.0 |
| Suriname | 3.0 |
| Trinidad and Tobago | 2.5 |
| Jamaica | 2.2 |
| Bahamas | 1.7 |
The analysis underscores the importance of effectively mobilizing financial resources, implementing productivity-enhancing policies, and stimulating long-term investments in productive sectors to achieve sustainable growth.
As Caribbean nations strive toward enhancing resilience and fostering inclusive development, these growth projections offer a cautiously optimistic outlook for 2025.
