21, Nov 2009, CST. Welcome to the Barbados economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Barbados › Change country
National or Regional Currency: Barbados Dollar, BBD
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 284,589 (July 2009 est.)
Area: total: 431 sq km land: 431 sq km water: 0 sq km
Natural Resources: petroleum, fish, natural gas
Government Type: Barbados government type
Government Ministers: Barbados ministers
Capital: Bridgetown
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

in the past, the Barbadian economy was dependent on sugarcane crops and related activities. However, in recent years its economy has diversified into light industry and tourism and transportation, with approximately three-quarters of Gross Domestic Product (GDP) and 80 per cent of exports being attributed to services. Growth has rebounded since 2003, boosted by increases in construction and building projects and tourism and transportation earnings, reflecting its success in the higher-end segment, but the sector will probably face declining earnings with the global financial crisis. The nationenjoys amongst the highest per capita incomes in the region. Offshore finance and data services are important foreign currency exchange earners and thrive from having the same time zone as eastern USA financial centers and a relatively highly educated workforce. The government perpetuates its efforts to reduction of unemployment, to encourage direct Foreign Direct Investment (FDI), and to privatise remaining government-controlled enterprises. The Gross Domestic Product (GDP) to public or government ratio of approximately 80 per cent will probably widen as the THOMPSON government engages in a more expansionary financial policy.
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GDP (Constant Prices, National Currency) for Barbados in year 2008 is BBD 1.142 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Barbados in year 2008 is 0.6 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Barbados in year 2008 is BBD 7.363 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Barbados in year 2008 is US$ 3.682 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Barbados in year 2008 is 644.646 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Barbados in year 2008 is BBD 4,143.63 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Barbados in year 2008 is BBD 26,711.75 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Barbados in year 2008 is US$ 13,355.88 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Barbados in year 2008 is not available

GDP (PPP), US Dollars for Barbados in year 2008 is US$ 5.244 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Barbados in year 2008 is US$ 19,025.91 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Barbados in year 2008 is 0.008 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Barbados in year 2008 is 1.404 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Barbados in year 2008 is not available

Gross National Savings (% of GDP) for Barbados in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Barbados in year 2008 is 133.859 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Barbados in year 2008 is 8.269 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Barbados in year 2008 is 139.674 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Barbados in year 2008 is 8.888 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Barbados in year 2008 is not available

Unemployment Rate (% of Labour Force) for Barbados in year 2008 is not available

Employment for Barbados in year 2008 is not available

Population for Barbados in year 2008 is 0.276 Million .

General Government Balance (National Currency) for Barbados in year 2008 is not available

General Government Balance (% of GDP) for Barbados in year 2008 is not available

General Government Structural Balance (National Currency) for Barbados in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Barbados in year 2008 is not available

General Government Net Debt (National Currency) for Barbados in year 2008 is not available

General Government Net Debt (% GDP) for Barbados in year 2008 is not available

General Government Gross Debt (National Currency) for Barbados in year 2008 is not available

General Government Gross Debt (% GDP) for Barbados in year 2008 is not available

Current Account Balance (US Dollars) for Barbados in year 2008 is US$ -0.309 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Barbados in year 2008 is -8.383 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.