Caribbean Market Size
Comprehensive economic data and market sizing across 21 Caribbean markets. GDP, population, consumer spending, and industry valuations for strategic planning.
Market Size by Country
| Country | GDP | Population | GDP Growth |
|---|---|---|---|
| Puerto Rico | $129.4B2025 | 3.2M2025 | +0.3%2025 |
| Dominican Republic | $127.4B2025 | 11.5M2025 | +2.1%2025 |
| Jamaica | $22.7B2025 | 2.8M2025 | -0.5%2024 |
| Trinidad & Tobago | $25.9B2025 | 1.4M2025 | -0.8%2025 |
| Bahamas | $15.8B2024 | 0.4M2025 | +3.4%2024 |
| Barbados | $8.0B2025 | 0.3M2025 | +2.7%2025 |
| Haiti | $32.1B2025 | 11.9M2025 | -2.7%2025 |
Cuba is excluded from this table. The World Bank publishes internationally comparable GDP data for Cuba through 2020 only, and household consumption data is unavailable. Figures from that vintage are not suitable for comparison with 2024–2025 data from other markets.
Sources: World Bank World Development Indicators — NY.GDP.MKTP.CD (GDP, current USD); SP.POP.TOTL (population); NY.GDP.MKTP.KD.ZG (GDP growth rate, constant 2015 USD). Data retrieved 11 August 2026. Years vary by country and indicator as labelled.
Industry Market Sizes
Tourism & Hospitality
Retail & Consumer Goods
Financial Services
Food & Beverage
Construction & Real Estate
Healthcare & Pharma
Energy & Utilities
Technology & Digital
Hope Research Group
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Frequently Asked Questions
What is the total Caribbean market size?
This table covers seven Caribbean markets with current World Bank data (2024–2025 vintages). Their combined GDP totals approximately $361 billion. Cuba is excluded: the World Bank does not publish internationally comparable national accounts for Cuba beyond 2020, making current comparisons unreliable. Broader estimates covering all 30-plus Caribbean territories reach approximately $420 billion, but that figure combines sources and vintages. The table does not include a consumer spending column; World Bank household consumption data (NE.CON.PRVT.CD) is unavailable for Jamaica, Trinidad & Tobago, and Barbados.
Which Caribbean country has the largest economy?
Among the seven markets in this table, Puerto Rico has the highest GDP at $129.4B (World Bank, 2025) and the Dominican Republic follows at $127.4B (2025). Puerto Rico is a US territory, not an independent state: it operates under US federal fiscal and monetary policy, its residents are US citizens, and its GDP is heavily influenced by pharmaceutical manufacturing from US multinationals, which inflates the headline figure relative to household income. Cuba is excluded from this table because the World Bank publishes comparable GDP data through 2020 only.
What is the fastest growing Caribbean market?
Among the seven markets in this table, the Bahamas leads at +3.4% GDP growth (World Bank, 2024), followed by Barbados at +2.7% (2025) and the Dominican Republic at +2.1% (2025). Haiti recorded −2.7% growth (2025) and Trinidad & Tobago −0.8% (2025), reflecting oil-sector contraction. Jamaica recorded −0.5% in 2024, the most recent year World Bank reports for that indicator.
How do you measure Caribbean market size accurately?
We combine official GDP data from central banks and IMF with primary research including consumer surveys, retail audits, and industry interviews. Our methodology accounts for informal economy activity which can represent 20-40% of economic activity in some markets.
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