The OECS region has enjoyed good growth in incomes for much of the past 50Â years, but has been facing a slowdown more recently.
There has been an expansion in services and a decline in agriculture in the OECS region.
OECS countries’ banana sectors have been in decline since the early 1990s
The OECS region enjoyed high growth rates in the second half of the 20th century, but more recently it has experienced a slowdown and an increase in volatility
Formal labour productivity growth declined during the 2008 global financial crisis, and picked up recently
There has been little growth in total factor productivity in recent decades
As a consequence of climate change, natural disasters have been increasing in the OECS region
Demographic pressures are increasing in the OECS region
Emigration is high in the OECS region, in particular among skilled workers
Digitalisation has been progressing rapidly worldwide over recent decades