Which nation is recognized as the Caribbean's largest economy?

The Dominican Republic is recognized as the Caribbean's largest economy primarily due to its significant contributions to regional GDP and a diverse economic structure. Over the past few decades, the country has seen substantial growth driven by various sectors, including tourism, agriculture, and manufacturing. The tourism industry in particular has flourished, attracting millions of visitors annually, which in turn bolsters other sectors like hospitality and services.

Additionally, the Dominican Republic benefits from a favorable geographic location, which enhances its trade capabilities and economic relationships with other countries. Its economy's resilience is reflected in its ability to attract foreign investment and maintain steady economic growth rates. This comprehensive economic landscape positions the Dominican Republic above its regional counterparts, making it a key player in the Caribbean economy.

Other nations, while significant in their own right, do not match the same level of economic activity or output as the Dominican Republic. For example, Puerto Rico operates under a different political status, which affects its economic dynamics. Cuba's economy, while historically important, has faced many challenges and restrictions that impact its growth potential. Haiti, while rich in cultural and historical significance, struggles with economic instability and development challenges that hinder its overall economic performance.