Barbados’ economy is faced with numerous macroeconomic challenges. During the period 2009 to 2013, the economy cumulatively contracted by 0.5 percent. This economic reduction is estimated by the IMF to continue for this year due partly to declining competitiveness especially in the tourism sector. This makes Barbados the only CARICOM country with negative growth for 2014. The … [Read more...] about Macroeconomic Challenges for Barbados
tourism
Regional Report: Tourism Finally Looking South
by CCB Caribbean Economics Team CCB’s Caribbean Economics Team is pleased to send the seventh Issue of the Caribbean Region Quarterly Bulletin. It analyzes recent economic developments of The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. The Special Country Reports consider trends in tourism, and policy options for the sector. For Guyana, the … [Read more...] about Regional Report: Tourism Finally Looking South
Grenada Energy Market
Grenada: Energy Market Overview The island state of Grenada is located at the southern end of the Grenadines in the eastern Caribbean. The state’s territory encompasses the three major islands Grenada, Carriacou and Petite Martinique, as well as a number of smaller islands. Together the islands are home to a population of 110,000 people. More than 90 percent of the population … [Read more...] about Grenada Energy Market
Building Tourism links between Brazil and the Caribbean
Competition in tourism is strong and success depends on strong brands and the availability of good connection, resulting in tourism countries focusing on specific markets from where they try to attract as many visitors as possible and hinders diversification. The same is true for the Bahamas, Barbados, Jamaica and Trinidad and Tobago, which have strong links with … [Read more...] about Building Tourism links between Brazil and the Caribbean
Trinidad and Tobago’s Energy Market
Trinidad and Tobago: Energy Market Overview Trinidad and Tobago are the southernmost of the Caribbean islands and are located just seven miles off Venezuela’s north-eastern coast. It is home to a population of 1.32 million people. Trinidad and Tobago’s economy is highly dependent on the energy sector which accounts for 45.3 percent of national GDP (2011), provides 57.5 percent … [Read more...] about Trinidad and Tobago’s Energy Market