(World Bank, 2020)
Invest in the One Place Everyone Wants to Visit
The Caribbean is more than beautiful beaches and incredible vacations. In addition to being the world’s top vacation destination, the Caribbean is also a top destination for investors. The Caribbean has historically been one of the top recipients of direct investment (FDI) in the world. There were 247 foreign direct investment projects into the CAIPA region from 2015 - 2020 with yearly investments increasing by 25.9 percent, from 5.8 billion to 7.3 billion USD during that same timeframe (fDi Markets, 2021).
The Caribbean’s Growing Industry Sectors & Investor Opportunities
CAIPA recorded solid annual economic growth of 3.3 percent between 2015 and 2019, ahead of Latin America & the Caribbean and OECD (World Bank, 2020). This economic growth has resulted in increased local demand for food products, consumer goods, housing, and infrastructure like at-home broadband. Simultaneously, millions of tourists flock to the Caribbean annually, creating opportunities for companies to serve both markets. When combined with our highly educated, multilingual workforce, this creates a unique opportunity for businesses of all sizes. In particular, CAIPA has identified several target industries with opportunity for significant growth. These include: high-tech agribusiness, renewable energy, niche tourism, technology and business support. Click below to learn more about each of these target industries and the opportunities for investors in the Caribbean.