7 Richest Caribbean Countries: Where Luxury and Wealth Converge

13 hours ago 2

US Virgin Islands. Photo: Getty Images/Travel Agent Central

TEMPO.CO, Jakarta - It is always a pleasure to soak in the marvelous beauty of the Caribbean region – envision crystal-clear waters, lush rainforests, sun-kissed beaches, lavish resorts, and vibrant culture readily accessible. More than just a tropical playground, the richest Caribbean countries attract wealthy individuals to reside in and invest in their bountiful charms.

List of Richest Caribbean Countries by GDP

Gross Domestic Product (GDP) is the primary metric used to rank the wealthiest Caribbean countries. Thriving tourism destinations like the Cayman Islands and Bermuda have consistently generated higher income compared to others in the region.

To provide a clearer understanding, this article will highlight the richest Caribbean countries based on the latest GDP per capita data from 2024, with valuable insights from Global Citizen Solutions, Mirabello Consultant, and Best Citizenship.

1. Bermuda - US$120,000+

Bermuda stands as the richest Caribbean country in 2025, demonstrating consistent growth and economic resilience. Bolstered significantly by tourism activity, household spending, and export interests, its economy experienced a 7.1% increase in the first quarter of 2024.

As a tax-free country, Bermuda’s residents enjoy an opulent lifestyle surrounded by breathtaking ocean vistas, pristine beaches, and world-class dining, making everyday life feel like a luxurious escape.

2. Cayman Islands - US$85,000+

The Cayman Islands are a desirable region to reside in, renowned for their favorable investment opportunities. Expatriates, investors, and visitors alike are drawn to this tropical paradise for various reasons, all contributing significantly to the country’s GDP.

Whether it is for the prosperous offshore financial sector, valuable scuba diving experiences, attractive luxury resorts, or a relaxed lifestyle, an unfettered existence in the Cayman Islands is achievable through careful financial planning.

3. US Virgin Islands - US$30,000+

The US Virgin Islands exemplify what it means to be a compelling destination for the affluent, welcoming numerous cruise ships carrying wealthy individuals daily.

This Caribbean island benefits from its close proximity to the United States, attracting affluent residents who contribute to the thriving tourism industry. In addition to travel and leisure offerings, commerce and service-related employment are particularly prominent in this region.

4. Bahamas - US$32,000+

Another American archipelago, the Bahamas holds a distinguished reputation as one of the richest Caribbean countries. Deriving a substantial portion of its GDP from offshore investments, cryptocurrency companies, and other flourishing international financial services, the nation boasts a relatively prestigious economy.

Furthermore, residents and expatriates across its over 700 islands are exempt from income tax, capital gains tax, wealth tax, and corporate tax.

5. St. Kitts and Nevis - US$20,000+

St. Kitts and Nevis remains an attractive coastal sanctuary for both seasoned travelers and astute investors. Immersing oneself in the captivating island features feels considerably more appealing with a favorable tax regime, presenting endless possibilities with no personal income tax, capital gains tax, or estate tax policies. Supported by its reliable tourism sector, as well as agriculture and manufacturing, this twin-island nation recorded a GDP increase of 4.7% in 2024.

6. Antigua and Barbuda - US$18,745+

As one of the easiest countries to get citizenship, Antigua and Barbuda actively welcomes travel enthusiasts. Through government donations, potential citizens gain access to over 150 visa-free travel destinations. This initiative is supported by numerous high-net-worth individuals investing their capital into the country.

7. St. Lucia - US$15,000+

Often overshadowed by other wealthy Caribbean nations, St. Lucia's dynamic economy thrives through its robust service sector and booming tourism industry, which contribute significantly to the nation's GDP. Its significant efforts to transition from an agriculture-based economy to a market-driven one are evident, with 1.29 million visitors recorded recently. Additionally, St. Lucia is notably a tax haven, offering zero taxation on capital gains, inheritance, and corporate profits.

The richest Caribbean countries continue to fascinate with their combination of luxury, economic strength, and breathtaking natural landscapes. Tourism, offshore banking, and strategic policies drive their prosperity, establishing the region as a sought-after destination for high-net-worth individuals.

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