22 May 2025
By Caribbean World Magazine
The Caribbean is famed for its azure waters, vibrant cultures, and intoxicating rhythms. But behind the postcard-perfect views lies a diverse economic landscape where some islands shine not just in sunshine, but in prosperity. Here are the top 10 richest islands in the Caribbean, ranked by GDP per capita, luxury real estate value, tourism revenue, and financial influence.
1. Cayman Islands
GDP per capita: ~$85,000
Main Industries: Offshore finance, tourism
The undisputed crown jewel of Caribbean wealth. The Cayman Islands boast a sophisticated financial sector, no direct taxes, and a thriving luxury tourism industry. Its capital, George Town, is a global financial hub.
2. Bermuda
(Technically North Atlantic, often grouped with the Caribbean)
GDP per capita: ~$99,000
Main Industries: Reinsurance, tourism, international business
Though not geographically in the Caribbean, Bermuda is culturally and economically aligned with the region. Its wealth stems from a powerful insurance and reinsurance industry.
3. British Virgin Islands (BVI)
GDP per capita: ~$42,000
Main Industries: Financial services, tourism
A haven for offshore companies, the BVI has one of the highest concentrations of registered companies per capita in the world. Its pristine beaches attract elite tourists and yacht owners.
4. Bahamas
GDP per capita: ~$33,000
Main Industries: Finance, tourism, real estate
With Nassau as a bustling port of luxury and financial activity, the Bahamas blends white sands with Wall Street sophistication. Its real estate market is also one of the most expensive in the Caribbean.
5. Puerto Rico (U.S. Territory)
GDP per capita: ~$34,000
Main Industries: Pharmaceuticals, manufacturing, services
A U.S. territory with unique access to American markets, Puerto Rico has a strong industrial base and is a manufacturing hub for pharmaceuticals and electronics.
6. St. Kitts and Nevis
GDP per capita: ~$20,000
Main Industries: Citizenship-by-Investment program, tourism
This twin-island nation thrives on luxury tourism and foreign investment through its popular economic citizenship program. It’s a hotspot for upscale real estate development.
7. Barbados
Main Industries: Tourism, international business, sugar
Known for its high standard of living and stable economy, Barbados blends Caribbean charm with modern infrastructure and a growing digital economy.
8. Trinidad and Tobago
GDP per capita: ~$17,000
Main Industries: Oil and gas, manufacturing
The region’s industrial powerhouse, Trinidad and Tobago is rich in petroleum and gas resources. Its economy is less reliant on tourism and more on energy exports.
9. Antigua and Barbuda
GDP per capita: ~$18,000
Main Industries: Tourism, citizenship-by-investment
With 365 beaches and ultra-luxury resorts, Antigua and Barbuda draw a wealthy crowd. Their economic citizenship program also brings in substantial revenue.
10. Aruba (Kingdom of the Netherlands)
GDP per capita: ~$25,000
Main Industries: Tourism, offshore banking
A Dutch Caribbean gem with a high-income economy, Aruba relies heavily on American tourism and hosts some of the region’s finest resorts and infrastructure.
Honorable Mentions:
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Saint Martin (French/Dutch side)
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Turks and Caicos
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Saint Barthélemy (St. Barts) – extremely luxurious but small GDP size
Final Thoughts
These islands shine not just in natural beauty but in financial acumen, smart governance, and global connectivity. Whether it’s through offshore finance, high-end tourism, or energy exports, the richest Caribbean islands offer a glimpse into the region’s dynamic economic tapestry.
