Caribbean Islands: Facts & Stats

ECONOMY

Industry:

The natural resources are extremely limited. Jamaica has extensive deposits of bauxite, some of which is mined and processed locally into alumina. Jamaica has large quantities of gypsum. Trinidad and Tobago has petroleum, pitch, and natural gas. Small, noncommercially viable deposits of manganese, lead, copper, and zinc are found throughout most of the islands.

All of the islands depend on tourism as their main industry since all of them have sand, sea and sun. Many Caribbean islands offer a diversity of landscapes in a small area. The Caribbean is fairly free of diseases and pests.The common languages that European and North American tourists can speak in the Caribbean are English, French, Dutch, or Spanish.

Coral reefs with tropical fish and fruits attract people from all over the World. Caribbean islands now depend on tourism for their economy. Tourism has also benefited farmers, fishermen, and merchants because they must grow and supply more fish, meat, poultry, eggs, vegetables, and fruit to feed the large number of visitors. Tourism is a huge contributor to the economies of all caribbean countries and the biggest contributor to many of them such as Antigua and Barbuda, Bahamas and the Virgin Islands.

Agriculture:

Along with contributing to the Caribbean’s GDP (gross domestic product), agriculture also contributes to domestic food supply, and provides employment. While agriculture is the major economic land-use activity in most Caribbean countries, it accounts for less and less of most islands’ GDP. The sugar industry, once the mainstay of the Caribbean economies, has faltered. Although the labor force employed in sugar production (and in agriculture in general) still forms the major sector of the employed labor force in Barbados and Jamaica, the contribution that sugar makes to the gross domestic product has steadily dropped. Barbados has kept its sugar industry going, but it has steadily reduced dependence on sugar exports and diversified its economy. Furthermore, the proportion of GDP contributed by sugar and sugar products had declined from 37.8 percent to 10.9 percent over the same period.

The Citrus industry is a major one in the Caribbean. Citrus fruits consists of oranges, pineapples, grapefruit, tangerines, limes, and lemons. The Caribbean countries which export citrus fruit are Belize, Jamaica, Puerto Rico, Guadeloupe, Dominica, Martinique & Trinidad & Tobago.

Regional institutions:

Here are some of the bodies that several islands share in collaboration:

• Association of Caribbean States (ACS), Trinidad and Tobago
• Caribbean Association of Industry and Commerce (CAIC), Trinidad and Tobago
• Caribbean Association of National Telecommunication Organizations (CANTO), Trinidad and Tobago
• Caribbean Community (CARICOM), Guyana
• Caribbean Development Bank (CDB), Barbados
• Caribbean Disaster Emergency Response Agency (CDERA), Barbados
• Caribbean Educators Network
• Caribbean Electric Utility Services Corporation (CARILEC), Saint Lucia
• Caribbean Examinations Council (CXC), Barbados and Jamaica
• Caribbean Food Crop Society
• Caribbean Hotel Association (CHA), Puerto Rico
• Caribbean Programme for Economic Competitiveness (CPEC), Saint Lucia
• Caribbean Regional Environmental Programme (CREP), Barbados
• Caribbean Regional Fisheries Mechanism (CRFM), Belize
• Caribbean Regional Negotiating Machinery (CRNM), Barbados and Dominican Republic
• Caribbean Telecommunications Union (CTU), Trinidad and Tobago
• Caribbean Tourism Organisation (CTO), Barbados
• Inter-American Economic Council (IAEC), Washington, D.C.
• Organisation of Eastern Caribbean States (OECS), Saint Lucia
• Latin American and Caribbean Internet Addresses Registry (LACNIC), Brazil and Uruguay
• United Nations - Economic Commission for Latin America and the Caribbean (ECLAC), Chile and Trinidad and Tobago
• University of the West Indies, Jamaica, Barbados, Trinidad and Tobago
• West Indies Cricket Board, Antigua and Barbuda

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