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Lower Real GDP Growth
0
20
40
60
80
100
120
140
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
2017
Caribbean-C
Caribbean-T
C6
OECS
Good
Bad
Forecast
•
In the early seventies real GDP
per capita was four times higher
than rest of small economies
(ROSE). Today it is less, i.e. 0.9,
and forecasted to fall further.
(Ruprah and Sierra 2014)
Real GDP per capita relative to ROSE
What’s happening in the Caribbean?
The Productivity Challenge