Surrounded by the United States, Mexico, and Central and South America, the Caribbean region has a beautiful climate, rich culture and heritage, and is one of the world’s finest biodiversity hotspots. The region is home to many developed countries and boasts excellent healthcare and educational infrastructure. In this article, we will take you through the most developed countries in the Caribbean.
Which Caribbean island has the highest standard of living?
The Human Development Report of the United Nations Development Program (UNDP) takes into account numerous factors like life expectancy at birth, years of schooling, gross national income per capita, and more. Cuba has ranked 44th in the world, leaving behind other Caribbean countries to become the only Caribbean nation under the “very high human development” category of countries.
After Cuba, the Bahamas ranked 51st in the world based on human development. Other countries in the region were all recognized under the “high human development” category, excluding Guyana and Haiti, which fell under the “medium human development” category.
In addition, Trinidad and Tobago is among the most developed nations in the Caribbean and has the second-highest per capita income in the area.
Which Caribbean islands have the highest HDI (Human Development Index)?
Here is a list of the top Caribbean countries according to the global HDI.
|Country||HDI (Global Ranking)|
|Antigua and Barbuda||61|
|Trinidad & Tobago||64|
|St Kitts & Nevis||73|
|St Vincent & the Grenadines||91|
If you are planning to relocate to the Caribbean, you should read our article: Caribbean Citizenship by Investment Comparison Guide
Benefits of Caribbean Citizenship
- To obtain Caribbean citizenship, you are required to fulfill little to no residency requirements.
- The region has attractive economic opportunities and a thriving real estate market.
- With Caribbean citizenship, you can travel visa-free to around 140 countries across the globe.
- There is no taxation on international income, wealth, inheritance, gift, or capital gains tax in the Caribbean.
- The region is home to white sandy beaches that run along blue waters and enjoy limitless sunshine.
Requirements for a Caribbean Passport?
- The applicant must prove their financial capabilities to invest in the country.
- Applicants must go through a rigorous background check.
- The applicant must be in good health and possess excellent character.
- The applicant should make the qualifying investment.
- The applicant must swear an oath of allegiance.
Frequently Asked Questions
Which Caribbean countries are the most developed?
CARICOM countries like Cuba, Bahamas, Barbados, Guyana, Jamaica, and Suriname are among the most developed countries in the Caribbean regarding economic growth, human development index, and other factors.
Which Caribbean country has the fastest-growing economy?
According to the projection of the World Bank, Guyana is set to have the maximum economic growth in the Caribbean region. The country’s economy is set to grow by 49.7% by the end of 2022.
What are the three strongest countries of the Caribbean?
As per the Global Mobility Index, St Kitts and Nevis, Antigua and Barbuda, and Grenada are the top three strongest countries in the Caribbean based on visa-free access to countries worldwide.