Trinidad and Tobago following Haiti in economic growth

The United Nations Economic Commission for Latin America and the Caribbean (Eclac) issued its ranking of the economies in the Caribbean and their growth. Trinidad and Tobago, one of the region's more prosperous nations, followed Haiti in the ranking.


The list showed the growth projections for 2014, and list Trinidad and Tobago as ninth, with three percent less economic growth than the Dominican Republic, which leads the region in fast-growing economies. Haiti's ranking on this list is fourth, with a projected growth of 3.5 for 2014.

With Trinidad listed as one of the High Income countries in the world, it is one of the wealthiest nations in the Caribbean. Much of their economic wealth comes from gas and oil, of which they are the leading regional producers. The country also exports beverages, food, and cement. In the past, Trinidad and Tobago enjoyed economic growth at 12.6% for 2006, but saw a sharp decline to only 5.5% in 2007.

Other countries on the list were Guyana, second in ranking with 4.5, and Suriname, third with 4.4. Following Haiti is St. Kitts and Nevis at 3.1% and Belize and Bahamas with 2.5 and 2.3 respectively. Rounding out the bottom were Cuba, with only 1.4% economic growth, Dominica and Jamaica, which shared a 1.2% growth, and finally, Barbados with 0.5%.

Eclac expects the economic recovery of the United Kingdom will be favorable to the growth in the Caribbean sector. It lists the region's primary risk as being China's lower growth forecast for the year.

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