To the uninitiated, the Caribbean can be a mind-boggling array of small islands, with a few large ones in the mix.
Become a geographer. Florida and the Caribbean have the same economic heft as Brazil. Our regional set includes the perimeter economies of Central America, Colombia, Venezuela, as well as the Guiana Highlands.
Relative Economic Size
Comments on this blog focus on Florida and neighboring trade partners. By output, we rank the major islands:
1. Puerto Rico ($103 billion)
2. Cuba ($78 billion)
3. Dominican Republic ($64 billion)
4. Trinidad and Tobago ($29 billion)
5. Jamaica ($14 billion)
Florida dominates the region with state-wide GDP of about $770 billion. The largest perimeter economy is Colombia at $378 billion, followed by Venezuela.
Note: Ranking is based on GDP data for 2014 at market prices.
Source: World Bank, US Bureau of Economic Analysis, Government Development Bank for Puerto Rico, Cranganore.