The Caribbean’s smallest country has one of its fastest-growing economies, according to new projections from the United Nations Economic Commission for Latin America and the Caribbean. The twin-island country is projected to see GDP growth of 5.1 percent this year, according to revised estimates by ECLAC.
That is the highest rate of projected growth in CARICOM, and second in the wider region to the Dominican Republic, which is projected to grow at a 5.5 percent clip.
Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris, said in a recent Press statement that St. Kitts and Nevis’ economic performance continues on a positive trend compared to other countries in the region.
“We are experiencing in this Federation, one of the most robust and consistent growth rates in the Organization of Eastern Caribbean States (OECS), in CARICOM, in Latin America and the Caribbean, not only in the Western Hemisphere, but we compare ourselves now with the rest of the world,” said Prime Minister Harris