economic growthDominica’s economy will be among the slowest to grow in the Caribbean in 2014, according to projections published by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

The island’s economy is projected to grow by a mere 1.2 percent of GDP in 2014. It is tied in second place with Jamica, whose economy is also projected to grow by 1.2 percent.

Barbados’ economy will record the slowest growth, according to the projection, with just 0.5 percent of GDP, according to the report.

Cuba is ranked third with projected growth of 1.4 percent, followed by St. Vincent and the Grenadines with 1.5 percent.

The report shows that the Dominican Republic will record the highest projected growth of 5 percent in 2014, followed by Guyana at 4.5 percent, Suriname at 4.4 percent and Haiti at 3.4 percent.

In April ECLAC had projected that the Caribbean and Latin American economy would grow by 2.7 percent in 2014 but has now revised the projected growth to 2.2 percent.

See full figures below of the projected growth in economies, with the fastest to the slowest. (Source ECLAC/Caribbean Journal).

projected growth