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| Markets of the Caribbean. |
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| Caribbean
The islands of the Caribbean are not all about sun, sand, blue sea, tourism, rum... there are serious opportunities for good business as well - and they can be well managed from their nearest big neighbor, the US.
The Caribbean consists of 30 countries and territories, whose economies and cultures vary so widely that it is important to examine each one individually. For example, the Bahamas’ GDP is 22,353, while Haiti has a GDP of 733. he Bahama’s economy relies on tourism and offshore banking, while Haiti depends on agriculture, basically subsistence farming. Tourism is the main engine that drives the economies of Antigua and Barbados, the British Virgin Islands and St. Lucia. Cuba relies on industry (sugar, petroleum and tobacco) and services to move its economy.
The highest standard of living can be found in the Grand Cayman Islands, with an average income of KYD $ 47,000 (USD $ 57,186). With such economy drivers such as offshore banking, tourism and shipping, it’s GDP per capita is the 14th highest in the world.
Caribbean Community (CARICOM) is an organization of Caribbean nations and dependencies working to promote economic integration and cooperation among its members. The CARICOM Single Market and Economy (CSM) treaty signed on January 1, 2006 by 12 member countries, establishes deeper regional integration through tariffs and duty free trade.
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