Ivan Kushnir

Economy of the Caribbean Ivan Kushnir

This book about the economy of the Caribbean from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the gross domestic product of the Caribbean was equal to $341.0 billion per year; the value of agriculture was $10.9 billion; the value of manufacturing was $78.1 billion.

Productivity. In the 2010s, the gross domestic product per capita was $8 230.0, the value of agriculture per capita was $263.5, the value of manufacturing per capita was $1 885.7. Since the productivity is between the average of below average and the average, the economy is classified as developing.

Growth. In the 2010s, the growth of GDP was 1.5%; the growth of agriculture was 2.3%; the growth of manufacturing was 0.042%.

Structure. In the 2010s, the economy of the Caribbean included: services (36.9%), industry (27.8%), trade (18.3%), transportation (7.4%), construction (6.3%), and agriculture (3.3%).

Export and import. In the 2010s, the export was 12.0% higher than the import, the net export was equal to 4.7% of the GDP.

Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.