SOURCE CARIBBEAN JOURNAL_What’s the fastest-growing economy in the Caribbean? According to a new report from the United Nations’ Economic Commission for Latin America and the Caribbean, the answer is simple: Antigua and Barbuda.
The twin-island country is projected to see its GDP grow by 6.3 percent in 2024, according to the UN ECLAC’s “Economic Survey of Latin America and the Caribbean,” an annual report the Chile-based agency compiles obtained by Caribbean Journal.
That 6.3 percent number is higher than any other country in the Caribbean – and it’s projected to continue to be strong in 2025, with a forecasted GDP growth rate of 4.8 percent next year.
Antigua and Barbuda’s number even tops the longtime regional economic giant in the Dominican Republic, which is projected for 5.2 percent growth this year.
The country is followed St Vincent and the Grenadines (4.7 percent) and Dominica at 4.6 percent in the top three.
The data represents a very strong signal of the strength of the Antiguan economy, buoyed by surging tourism arrivals in 2024 that are projected to break a new record, local tourism officials told CJ.
Through July, the country reported to CJ that it had received 205,004 stayover arrivals, a 16 percent growth rate compared to 2023. More crucially, that represents an 11 percent jump over the same period in 2019, the previous banner year for the destination.
That data was shared by Antigua and Barbuda Tourism Authority CEO Colin C. James during a briefing at the State of the Tourism Industry conference in the Cayman Islands last week.
The ECLAC report also suggested Antigua and Barbuda would see a “significant increase” in inflows from the country’s citizenship by investment program.
You can find the full United Nations report here.
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Is this guy for real?
Fastest economy with the worst set of primary roads. Guess who feels it knows it from both perspectives.
Very impressive
I’d really like to know if he’s serious poor Antigua and Barbuda I leave it there
Naysayers are deflecting and shifting goal posts, but I don’t see any unhappy Antiguan National/Citizen boarding planes at V.C Bird International migrating abroad for better economic outcomes. Y’all need to rest your fingers and take a deep, liberated breath.
I live here and i don’t see or feel it
This dude is just a clown. ECLAC is not credible. They base predictions on whatever data the DAWG feeds them,real or imagined.
Fastest growing economy this idiot says but:
I haven’t had water,good running water in 10 days.
The electricity is unreliable, destroying a few devices.
The roads are as bad as they’ve ever been;
Cost of living is raging out of control;
Civil servants can’t get their back pay
He continues to add all kinds of taxes on the poor.
That’s what you get when a dunce controls the public purse
The fastest growing economy you say.It must be on steroids.So why the majority of the people are as poor as dirt?
Is Guyana part of this survey or is it only the OECS Islands. Just asking as Guyana numbers are on the double digits.
Barbados and Trinidad must be asleep lol
Thank you pm for delivering the start of an economic powerhouse. Leaving the other islands in the dust. Gaston all the way
W-O-N-D-E-R-F-U-L N-E-W-S!!!!!
#NextLevel #EconomicPowerhouseInProgress
In both parties ripoff scammers