The report shows the economy of the Dominican Republic is the fastest growing in the region with 6.6% growth in GDP in 2015, followed by St. Kitts & Nevis with estimated growth of 5.2%. Grenada ranked 4th with growth of 3.5% and Antigua & Barbuda 5th with 3.2%.
Neighbouring island St. Lucia ranked 11th with growth of 1.3% in 2015. At the bottom of the pile are Trinidad and Dominica, with the slowest growing economies. Trinidad economy grew by a mere 0.2% in 2015.
Dominica’s economy was the only one in the Caribbean, which contracted in 2015, with minus 2.7%. The full ranking published in the ‘Caribbean Journal’ is as follows:
Dominican Republic 6.6%
St. Kitts & Nevis 5.2%
Antigua & Barbuda 3.2%
St. Lucia 1.3%
St. Vincent & the Grenadines 1.0%
Trinidad & Tobago 0.2%