With an average gross national income of US$7,110 Grenada is ranked as the third wealthiest OECS country and sixth in the Caribbean region according to 2014 World Bank Development Report.
The WDR 2014 argues that risk management can be a powerful instrument for development 2014 not only by building people 2019s resilience and thus reducing the effects of adverse events but also by allowing them to take advantage of opportunities for improvement.
The WDR 2014 is not devoted to a detailed analysis of specific risks. Its framework, however, can be implemented to address particular, relevant sets of risks in given regions and countries. Focusing on the process of risk management allows the WDR 2014 to consider the synergies, trade-offs, and priorities involved in addressing different risks in different contexts, with the single motivation of boosting development.
The information is data of its main criterion for classifying economies, the gross national income which is the gross national income of a country divided by its total population. It is also the sum of value added by all resident producers, plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income (compensation of employees and property income) from abroad.
The top 10 countries in the Caribbean are:
10. Jamaica US$5,140 (GNI)