Brexit and the Caribbean: Much Ado About Nothing?
Peer Reviewed
Date issued
October 2016
Subject
Commodity Export;
Economic Impact;
Tourism;
Economic Development;
Remittance;
Macroeconomy
JEL code
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General;
F17 - Trade Forecasting and Simulation
Country
Bahamas;
Trinidad and Tobago;
Barbados;
Jamaica;
Guyana;
Suriname
Category
Policy Briefs
This report estimates the direct and indirect macroeconomic impact of the Brexit leave vote on the Caribbean during 2016 and 2017 in terms of economic growth, exports, tourism, and remittances. We consider six Caribbean countries (denominated as C6): The Bahamas, Barbados and Jamaica (tourism-based), and Guyana, Suriname and Trinidad and Tobago (commodity-based). We find the estimated quantitative impact of Brexit(v) to be very small if not negligible.
