Information Americas, New York, NY, December 18, 2024: The Caribbean area is poised for sluggish however regular financial progress in 2025, with Guyana main the pack at a projected 13.6% GDP progress, in accordance with the Financial Fee for Latin America and the Caribbean, (ECLAC). The projections are a part of ECLAC’s Preliminary Overview of the Economies of Latin America and the Caribbean 2024, launched as we speak.
Excluding Guyana, the Caribbean is anticipated to develop by 2.6%, reflecting a modest enlargement amid ongoing challenges corresponding to sluggish job creation, excessive informality, and gender disparities in labor markets. With Guyana, progress is forecast to be 8.7 %.
ECLAC’s Government Secretary, José Manuel Salazar-Xirinachs, emphasised the significance of strengthening resilience, fostering productive investments, and creating high quality employment to interrupt the cycle of low progress capability.
Under is a breakdown of Caribbean nations by their projected GDP progress for 2025, ranked from highest to lowest:
| Nation | GDP Development (%) |
|---|---|
| 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 |
ECLAC highlights the necessity for economies to successfully mobilize monetary sources, undertake insurance policies that improve productiveness, and stimulate long-term investments in productive sectors to attain sustained progress.
As Caribbean nations deal with boosting resilience and fostering inclusive improvement, these progress charges mirror a cautiously optimistic outlook for 2025.
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