Caribbean Economies

Caribbean economies are diverse and heavily influenced by tourism, agriculture, and services. Many islands rely on tourism for income, attracting visitors with their beaches and culture. Agriculture, particularly sugar, bananas, and coffee, plays a crucial role in some regions. However, challenges like vulnerability to hurricanes, high unemployment, and reliance on imports can hinder growth. Economic development varies widely between countries—some enjoy higher income and stability, while others struggle with debt and poverty. Regional cooperation efforts aim to enhance trade and resilience against economic shocks, fostering a more sustainable future for the Caribbean.