The Top 10 Richest Caribbean Countries – Jamaica Drops To 11

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6. St Kitts and Nevis – $18, 384 GDP per capita

The twin-island federation of St Kitts and Nevis prospers primarily thanks to tourism and export-oriented manufacturing, as well as agriculture, with approximately 39% of the islands’ land reserved to crops (primarily devoted to sugarcane and peanuts).

The service industry currently accounts for an estimated 75% of GDP, highlighting how crucial the tourist industry has been to St Kitts and Nevis’s economy.

The islands also offers an economic citizenship by investment, offering passports and visas in exchange for monetary investments.

 

5. Antigua and Barbuda – $19, 640 GDP per capita

An ideal dual-island for luxury holidays, Antigua’s economy prospers thanks to its tourism industry.

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In 2009 the island’s economy was hit hard by the economic recession which decreased the number of visitors to the island but in past years tourism has picked up again: in 2013, it accounted for approximately 60% of GDP and 40% of investments.

Antigua and Barbuda’s agricultural production is geared towards the domestic market, but faces the threat of a limited water supply and a labour shortage, caused by the lure of higher wages in tourism and construction.

Though tourism brings wealth to the island, it’s also threatening local produce meaning that the country will have to rely increasingly on imports from other countries.

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