Annual News
2021 Review and 2022 Economic Outlook
Conference
Priorities for Growth and Development
2021 Economic Overview Average growth rate of
3.0%
for CDB’s 19 Borrowing Member Countries (BMCs)
Increase in gross domestic product (GDP) in 14 of 19 BMCs Countries with the highest increases
Saint Lucia
Guyana
+6.8%
+19.9%
Montserrat
+6.7%
Belize
+10.9%
Five economies with a decrease in GDP Trinidad and Tobago
-2.9%
Haiti
-1.8% St. Kitts and Nevis
Suriname
-1.8%
-3.5%
Service-exporting countries grew by +3.2%
Saint Vincent and the Grenadines
-1.4%
Commodity-exporting countries grew by +2.7%
Fiscal performance and debt-to-GDP in 2021 Countries with hightest central government debt-to-GDP ratios
5
BMCs
increased debt ratio
Barbados
Suriname
135.8%
128.9%
Belize
Commonwealth of Dominica
104.8%
102.1%
REGIONAL: 82.5%
80.5%
Annual News Conference
Priorities for Growth and Development
2021 Review and 2022 Economic Outlook
2022 Outlook Average GDP growth of 9.1% projected for BMCs Highest increases expected in:
Guyana
+47.5%
Barbados
Saint Lucia
+8.1%
Anguilla
+7.6%
+7.1% Region’s average debt ratio projected to decrease
80.5% |2021 77.9% |2022