Last 100 Topics:
Economy - overview: Tourism is the primary economic activity, accounting for more than 70% of GDP and 70% of employment. The islands normally host 2 million visitors a year. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. The agricultural sector is small, with most food being imported....
Economy - overview: The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, generating an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1998. Tourism suffered in 2002 because of the lackluster US economy. In the mid-1980s, the government began...
Economy - overview: The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $36,300. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business...
Economy - overview: The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than half of the 93,000 visitors in the late 1990s. Major sources of government revenue include fees from offshore...
The twin-island nation of Trinidad and Tobago continues to experience real GDP growth as a result of economic reforms, tight monetary policy and fiscal responsibility, and high oil prices. In 2004 the country experienced a real GDP growth rate of 6.2%, which followed 13.2% growth in 2003. The PNM-led government has continued the sound macroeconomic...
Bananas account for upwards of 60% of the work force and 50% of merchandise exports in St. Vincent and the Grenadines. Such reliance on one crop makes the economy vulnerable to fluctuations in banana prices and the erosion of European Union trade preferences. To combat these vulnerabilities, the Government of St. Vincent and the Grenadines is focused...
Economy - overview: The inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. The economy has been declining, however, because of disputes with Canada over fishing quotas and a steady decline in the number of ships stopping at Saint Pierre. In 1992, an arbitration panel...
Tourism and the offshore financial sector have been the mainstays of the Netherlands Antillean's economy since the 1970s. The late 1980s and early 1990s brought growth, but hurricanes, pressure on the offshore sector, tighter monetary policy, and debt accumulation have caused contraction since 1996. High debt led the Government of the Netherlands Antilles...
St. Lucia's economy depends primarily on revenue from banana production and tourism with some input from smallscale manufacturing. There are numerous small and medium-sized agricultural enterprises. Revenue from agriculture has supported the noticeable socioeconomic changes that have taken place in St. Lucia since the 1960s. Eighty percent of merchandise...
St. Kitts and Nevis was the last sugar monoculture in the Eastern Caribbean until the government decided to close the sugar industry following the 2005 harvest after decades of losses at the state-run sugar company. To compensate for the loss of the sugar industry, the Government of St. Kitts and Nevis has embarked on a program to diversify the agricultural...
Page 1 |