The Caribbean Sea, though covering less than 1% of the world's ocean area, contributes significantly to the global ocean economy (14%-27%) and accounts for 18% of regional GDP. The region’s maritime exclusive economic zone is nearly 4.5 times larger than its land area, supporting over 70% of the population living along the coast. 

While the blue economy holds immense potential for sustainable growth, strategic investment is necessary to maximize positive social and economic impacts while mitigating negative effects. Existing indicators primarily focus on environmental concerns, with less emphasis on measuring the social and economic benefits of blue economy activities. 

The absence of comprehensive impact data makes it difficult to assess whether investments truly contribute to equitable growth and sustainable development. Key performance indicators (KPIs) can guide investment decisions, ensuring they drive positive social outcomes while preventing harm. 

This study, conducted by IDB Invest, IDB, together with Finance Earth, aims for foster inclusive economic progress, human well-being, and long-term sustainability for the Caribbean region through the development of Social KPIs. Watch the webinar and read the blog post about this study.