Caribbean Economic Growth Forecasts For 2025 And 2026
The Caribbean region’s economic outlook is showing varied growth prospects for the upcoming years, according to the latest World Bank data. Countries across the Caribbean are expected to experience steady, albeit moderate, growth in 2025, with some nations projected to maintain or build on this momentum through 2026 and beyond.
The standout performer among Caribbean economies continues to be Guyana, buoyed by its rapidly expanding oil sector. Guyana’s GDP is forecasted to grow by an impressive 12.3% in 2025 and climb even further to a staggering 15.7% by 2028, making it a leading growth hub in the region.
Grenada also shows strong prospects with projected growth of 4.7% in 2025 and a sustained rate of 4.4% in 2026. Dominica follows closely, expected to grow by 4.2% in 2025 and 3.2% in 2026, largely attributed to ongoing investments in its tourism and renewable energy sectors.
Other Caribbean economies are expected to see more moderate growth. St. Vincent and the Grenadines, for instance, is forecasted to grow by 3.5% in 2025, tapering slightly to 2.9% in 2026, while Suriname’s growth rate is expected to hover around 3% over the next two years as it works toward economic stability and diversification.
Barbados, Jamaica, and St. Lucia are also projected to experience steady growth in 2025, with rates of 2.8%, 2.2%, and 2.6%, respectively. These countries, focusing on revitalizing tourism and bolstering economic resilience, show a promising path forward, although growth rates are expected to moderate in 2026.
However, not all Caribbean nations are projected to see robust growth. Belize is expected to grow at 1.2% in 2025, slowing to 0.5% in 2026. Haiti’s growth rate is also modest at 0.5% for 2025, though a slight improvement to 1.5% is anticipated in 2026, reflecting ongoing challenges amid a complex socio-political climate.
Trinidad and Tobago, while maintaining moderate growth of 2.3% in 2025, is projected to see a significant slowdown to 0.9% in 2026. Efforts to diversify its economy away from traditional oil and gas revenues remain essential for sustainable growth in the long term.
Overall, the Caribbean region’s growth outlook underscores the need for continued investment in economic diversification, particularly in sectors like renewable energy, tourism, and digital innovation, to build resilience against external shocks and achieve sustained growth beyond 2025.
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Here is the table organized from highest to lowest projected growth rates for 2025, with Guyana leading the region:
Country 2025 Growth (%) 2026 Growth (%)
Guyana 12.3% 15.7%
Grenada 4.7% 4.4%
Dominica 4.2% 3.2%
St. Vincent and Grenadines 3.5% 2.9%
Suriname 3.0% 3.1%
Barbados 2.8% 2.3%
St. Lucia 2.6% 2.3%
Trinidad and Tobago 2.3% 0.9%
Jamaica 2.2% 1.6%
Belize 1.2% 0.5%
Haiti 0.5% 1.5%