CARIBBEAN: And The Richest Country In The Caribbean Is....

Sup Travellers?! Have you ever wondered which country in the Caribbean is the richest? I always thought that it was Trinidad because of the fact that we are super rich in oil, gas and asphalt among other things. But I was completely and UTTERLY wrong about that. Trinidad is not the richest country in the Caribbean. The World Bank released its 2014 World Development Report the other day and it included a list of the richest countries in the Caribbean based on GDP per capita.

According to the list, the richest country in the Caribbean is currently the Bahamas with a GDP per capita of $21,280 [Well that's not shocking]. The second richest is Puerto Rico with a GDP per capita of around $18,000. Finally we reach Trinidad and Tobago with $14,400 in GDP per capita and then we have St Kitts and Nevis, which, despite being the smallest country in the region, has a per capita GDP of about $13,330. Barbados which is also considered one of the richest countries in the Caribbean was not included in the list with any kind of specific data. However Barbados was only ranked as “high income,” meaning a GDP per capita of at least $12,616.

For a country like Trinidad that is oil rich you'd think that it would have caught on as the richest by now. Bahamas has no such thing as oil, gold or even bauxite in its economy but the country still managed to make its way to the very top. The Bahamian economy is almost entirely dependent on tourism. Tourism alone provides an estimated 60% of the gross domestic product (GDP) and employs about half the Bahamian workforce. So Bahamas generated a higher GDP per capita than every other Caribbean country just off of Tourism. Why aren't countries like Trinidad, Guyana and Jamaica not at the top of the list? Good question. With resources like gold, oil, natural gas and bauxite these countries should really have a higher GDP per capita. But it's more than just resources that make a country. It's what the countries do with the resources that count and the Bahamas has apparently used their resources well. Big up to the Bahamas. Anyway, my name is Trinikid and you've just been informed.


  1. I can tell you that is inaccurate

  2. Bahamian currency is pegged to the US dollar. Also, the cost of living in the Bahamas is higher. Trust me when i say the lifestyle in Trinidad is preferable to Bahamas, my wife is Bahamian, i was born in Trinidad and now live in the U.S. My wife agrees with me!

  3. I am having difficulty locating this table in the report can you identify the page number please ?

    Thank You.


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