The Caribbean is experiencing a two-speed economic recovery, with oil-producing Guyana and Suriname recording strong growth while tourism-dependent economies face a more moderate outlook amid high energy and transportation costs and softer tourism demand, according to the World Bank.
In its October 2026 Latin America and the Caribbean Economic Update, the World Bank says the divergence is particularly evident across the Caribbean, where oil-driven expansions contrast with the more mature post-pandemic recovery of tourism-dependent island economies.
Guyana’s gross domestic product (GDP) is projected to expand by 23.7 per cent in 2026, 18.7 per cent in 2027 and 15.3 per cent in 2028.
Suriname is forecast to grow by 3.9 per cent this year and 4.6 per cent in 2027, before accelerating to 21.5 per cent in 2028.
The outlook is considerably more moderate for several tourism-dependent Caribbean economies.