The Renewable Energy Industry in CARIFORUM Countries

COUNTRY INDICATOR ANALYSIS

4.5.1 | TOURISM The tourism sector is a major contributor to most of the economies of the Caribbean, reaching US$59.8 Billion in 2019. The GDP contributions to economies exceed 40% for 5 countries and 30% for another 3. With only 4 countries with single digit contributions, the level of dependence on tourism and related travel can be seen to be drivers of energy consumption for this region. It would therefore be expected that the energy sectors of most of the countries in this study, have strong linkages to the tourism sector and would want to focus on tourism as a major sector for energy transformation. See table 4:12 and figure 4:12 for detail contributions.

COUNTRY

% GDP CONTRIBUTION

Antigua & Barbuda

42.7 43.3 30.9 44.9 36.9 16.3 40.5

Bahamas Barbados

Belize*

Dominica

Dominican Republic

Grenada Guyana*

9.8 8.4

Haiti

Jamaica

31.1 28.2 40.7 28.6

St. Kitts & Nevis

St. Lucia

St. Vincent & Grenadines Suriname*

7.7 7.8

Trinidad & Tobago

* Estimates Source: https://www.statista.com/statistics Table 4.12 | GDP Contributions from Direct and Indirect Tourism

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The Renewable Energy Industry in CARIFORUM Countries