The Top 10 Richest Caribbean Countries – Jamaica Drops To 11

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4. Barbados – 26, 488 GDP per capita

Part of the British Empire up until 1966, since gaining independence Barbados has transformed itself from a low-income economy highly dependent on sugar production, into a well developed economy built on tourism and the offshore sector.

Currently, the island has the third largest stock exchange in the Caribbean region. Nonetheless, a 2012 study with the Caribbean Development Bank revealed that 20% of Bajans live in poverty, and nearly 10% cannot meet basic daily food needs.

This suggests that despite its growing economy, marked internal inequalities have yet to be resolved.

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3. Trinidad and Tobago – $26, 550 GDP per capita

In November of 2011, Trinidad and Tobago was removed from the OECD’s list of developing countries.

Today, it is the third richest Caribbean island. The petroleum industry lies at the heart of Trinidad and Tobago’s newly flourishing economy: oil and gas generate approximately 40% of GDP and 80% of exports.

The manufacturing industry also plays an important role in sustaining the economy, as well as the tourism industry (the latter less so than most Caribbean islands).

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