Barbados Economic Statistics and Indicators

13, Nov 2018, EST. 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: 2015 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 289,680 (July 2014 est.)
Area: total: 430 sq km ; land: 430 sq km ; water: 0 sq km
Natural Resources: petroleum, fish, natural gas
Capital: name: Bridgetown ; geographic coordinates: 13 06 N, 59 37 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)

Barbados is the wealthiest and most developed country in the Eastern Caribbean and enjoys one of the highest per capita incomes in Latin America. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, in recent years the economy has diversified into light industry and tourism with about four-fifths of GDP and of exports being attributed to services. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a relatively highly educated workforce. Barbados' tourism, financial services, and construction industries have been hard hit since the onset of the global economic crisis in 2008. Barbados' public debt-to-GDP ratio rose from 56% in 2008 to 90.5% in 2013. Growth prospects are limited because of a weak tourism outlook and planned austerity measures.
More on the Barbados Economy
More on the Barbados Export, Import and Trade

Economic Indicator Listing
  For Barbados in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.468 %
GDP (Current Prices, National Currency)BBD 8.824 Billion.
GDP (Current Prices, US Dollars)US$ 4.412 Billion
GDP Deflator 790.494 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)BBD 3,990.81 .
GDP Per Capita (Current Prices, National Currency)BBD 31,547.11 .
GDP Per Capita (Current Prices, US Dollars)US$ 15,773.56
GDP (PPP), US DollarsUS$ 4.636 Billion
GDP Per Capita (PPP), US DollarsUS$ 16,574.83
GDP Share of World Total (PPP) 0.004 %
Implied PPP Conversion Rate 1.903
Investment (% of GDP) 13.602 %
Gross National Savings (% of GDP) 8.369 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 177.7 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 0.547 %
Inflation, End of Year (Indexed to Year 2000) 171.651 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) -0.679 %
Import Volume of All Items Including Goods and Services (Percent Change) 12.821 %
Import Volumes of Goods Only (Percent Change) 9.806 %
Export Volume of All Items Including Goods and Services (Percent Change) 5.27 %
Export Volumes of Goods Only (Percent Change) 1.185 %
Unemployment Rate (% of Labour Force) 12.163 %
Population 0.28 Million
General government revenue (National Currency)BBD 3.244 Billions.
General government revenue (% of GDP) 36.58 %
General government total expenditure (National Currency)BBD 3.922 Billions.
General government total expenditure (% of GDP) 44.23 %
Total Government Net Lending/ Borrowing (National Currency)BBD -0.678 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -7.65 %
Fiscal Year Gross Domestic Product, Current PricesBBD 8.867 Billions.
Current Account Balance (US Dollars)US$ -0.231 Billion
Current Account Balance (% GDP) -5.232 %
Economic Indicators for Barbados 2015

GDP (Constant Prices, National Currency) for Barbados in year 2015 is BBD 1.116 Billion.

GDP Growth (Constant Prices, National Currency) for Barbados in year 2015 is 0.468 %.

GDP (Current Prices, National Currency) for Barbados in year 2015 is BBD 8.824 Billion.

GDP (Current Prices, US Dollars) for Barbados in year 2015 is US$ 4.412 Billion.

GDP Deflator for Barbados in year 2015 is 790.494 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Barbados in year 2015 is BBD 3,990.81 .

GDP Per Capita (Current Prices, National Currency) for Barbados in year 2015 is BBD 31,547.11 .

GDP Per Capita (Current Prices, US Dollars) for Barbados in year 2015 is US$ 15,773.56 .

GDP (PPP), US Dollars for Barbados in year 2015 is US$ 4.636 Billion.

GDP Per Capita (PPP), US Dollars for Barbados in year 2015 is US$ 16,574.83 .

GDP Share of World Total (PPP) for Barbados in year 2015 is 0.004 %.

Implied PPP Conversion Rate for Barbados in year 2015 is 1.903 .

Investment (% of GDP) for Barbados in year 2015 is 13.602 %.

Gross National Savings (% of GDP) for Barbados in year 2015 is 8.369 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Barbados in year 2015 is 177.7 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Barbados in year 2015 is 0.547 %.

Inflation, End of Year (Indexed to Year 2000) for Barbados in year 2015 is 171.651 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Barbados in year 2015 is -0.679 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Barbados in year 2015 is 12.821 %.

Import Volumes of Goods Only (Percent Change) for Barbados in year 2015 is 9.806 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Barbados in year 2015 is 5.27 %.

Export Volumes of Goods Only (Percent Change) for Barbados in year 2015 is 1.185 %.

Unemployment Rate (% of Labour Force) for Barbados in year 2015 is 12.163 %.

Population for Barbados in year 2015 is 0.28 Million .

General government revenue (National Currency) for Barbados in year 2015 is BBD 3.244 Billions.

General government revenue (% of GDP) for Barbados in year 2015 is 36.58 %.

General government total expenditure (National Currency) for Barbados in year 2015 is BBD 3.922 Billions.

General government total expenditure (% of GDP) for Barbados in year 2015 is 44.23 %.

Total Government Net Lending/ Borrowing (National Currency) for Barbados in year 2015 is BBD -0.678 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Barbados in year 2015 is -7.65 %.

Fiscal Year Gross Domestic Product, Current Prices for Barbados in year 2015 is BBD 8.867 Billions.

Current Account Balance (US Dollars) for Barbados in year 2015 is US$ -0.231 Billion.

Current Account Balance (% GDP) for Barbados in year 2015 is -5.232 %.

* Source: IMF
Aggregate Indicators for Barbados
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Barbados
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Barbados
  Natural Resources, Agricultural Products, Land Use and Water Use for Barbados
  Nationality, Ethnic Groups, Languages and Religions for Barbados
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Barbados
  Age Structure, Median Age, Gender and Urbanization for Barbados
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Barbados
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Barbados
  HIV, AIDS and Other Major Infectious Disease Rates for Barbados
  Literacy Rate, Educational Expenditure and School Life Expectancy for Barbados
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Barbados
  Industries and Industrial Growth Production Rate for Barbados
  Labor Force by Occupation for Barbados
  Poverty Line, Gini Index, Household Income and Consumption for Barbados
  National Budget and Public Debt for Barbados
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Barbados
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Barbados
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Barbados
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Barbados
  Foreign Exchange Reserves and Gold Reserves for Barbados
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Barbados
  Exchange Rate Statistics for Barbados
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Barbados
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Barbados
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Barbados
  Television and Radio Statistics (TV Stats, Radio Stats) for Barbados
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Barbados
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Barbados
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Barbados
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Barbados
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Barbados
* Source: CIA
Internet Indicators for Barbados
Indicators
  Number of Internet Users for Barbados
  Internet Penetration Rate for Barbados
  Number of Facebook Accounts for Barbados
  Facebook Penetration Rate for Barbados
* Source: IWS
Economic Freedom Indicators for Barbados
Indicators
  Economic Freedom World Rank for Barbados
  Government Spending for Barbados
  Monetary Freedom for Barbados
  Investment Freedom for Barbados
  Financial Freedom for Barbados
  Property Rights for Barbados
  Economic Freedom Regional Ranking for Barbados
  Freedom from Corruption for Barbados
  Labor Freedom for Barbados
  Tariff Rate for Barbados
  Income Tax Rate for Barbados
  Corporate Tax Rate for Barbados
  Tax Burden % of GDP for Barbados
  Government Expenditure % of GDP for Barbados
  Business Freedom for Barbados
  Trade Freedom for Barbados
  Fiscal Freedom for Barbados
  2016 Score for Barbados
* Source: HFO
Barbados Economic Indicators in other Years
  Barbados Economic Indicators for Year 2021 (Forecast)
  Barbados Economic Indicators for Year 2020 (Forecast)
  Barbados Economic Indicators for Year 2019 (Forecast)
  Barbados Economic Indicators for Year 2018 (Forecast)
  Barbados Economic Indicators for Year 2017 (Forecast)
  Barbados Economic Indicators for Year 2016 (Forecast)
Barbados Economic Indicators for Year 2015 (Current)
  Barbados Economic Indicators for Year 2014
  Barbados Economic Indicators for Year 2013
  Barbados Economic Indicators for Year 2012
  Barbados Economic Indicators for Year 2011
  Barbados Economic Indicators for Year 2010
  Barbados Economic Indicators for Year 2009
  Barbados Economic Indicators for Year 2008
  Barbados Economic Indicators for Year 2007
  Barbados Economic Indicators for Year 2006
  Barbados Economic Indicators for Year 2005
  Barbados Economic Indicators for Year 2004
  Barbados Economic Indicators for Year 2003
  Barbados Economic Indicators for Year 2002
  Barbados Economic Indicators for Year 2001
  Barbados Economic Indicators for Year 2000
  Barbados Economic Indicators for Year 1999
  Barbados Economic Indicators for Year 1998
  Barbados Economic Indicators for Year 1997
  Barbados Economic Indicators for Year 1996
  Barbados Economic Indicators for Year 1995
  Barbados Economic Indicators for Year 1994
  Barbados Economic Indicators for Year 1993
  Barbados Economic Indicators for Year 1992
  Barbados Economic Indicators for Year 1991
  Barbados Economic Indicators for Year 1990
  Barbados Economic Indicators for Year 1989
  Barbados Economic Indicators for Year 1988
  Barbados Economic Indicators for Year 1987
  Barbados Economic Indicators for Year 1986
  Barbados Economic Indicators for Year 1985
  Barbados Economic Indicators for Year 1984
  Barbados Economic Indicators for Year 1983
  Barbados Economic Indicators for Year 1982
  Barbados Economic Indicators for Year 1981
  Barbados Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International