Source
Central bank

Central Bank of Barbados

International Reserves

US$ 695 million (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 4 billion (2014 estimate)

GDP (Purchasing Power Parity)

7 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
2% 4.8% 4.0% 5.7% 1.7% 0.3% -4.1% 0.2%
2011 2012 2013 2014*        
0.8% 0.0% -0.7% -1.2%        

*Estimate

GDP per capita - current prices

US$ 15,448 (2014 estimate)

GDP per capita - PPP

$25,193 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.02% 0.01% 0.01% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.1% 
  • industry: 13.9% 
  • services: 83% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
9.4% 4.5% 2.3% 2.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
11.2% 11.6% 11.9% 15.6%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
70.3% 78.0% 85.8% 92.0% 94.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-7.9% -3.6% -7.7% -10.3% -5.8%

*Estimate   

Government bond ratings

Standard & Poor's: BB-

Moody's rating: B3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012*
US$4.366 billion US$N/A US$4.495 billion

*2010 Estimate      **2012 Estimate   

Largest companies in Barbados

N/A

 
 
Source
Current account balance

US$ -0.335 billion (2014 estimate)

Current account balance by percentage of GDP

-7.77% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

42.5% (2012)

(Data released on October 2014)

Shares in world total merchandising export

0% (2012)

 

Shares in world total commercial services export

0.03% (2012)

 

Total exports

US$1.051 billion (2013 estimate) 

Export commodities

manufactures, sugar and molasses, rum, other foods and beverages, chemicals, electrical components

Total imports

US$1.674 million (2013 estimate) 

 
 
Source
Import commodities

consumer goods, machinery, foodstuffs, construction materials, chemicals, fuel, electrical components

Exports - major partners

Trinidad and Tobago 20.8%, US 11.9%, St. Lucia 9.7%, St. Vincent and the Grenadines 6%, Jamaica 5.6%, Antigua and Barbuda 4.9%, St. Kitts and Nevis 4.6%, UK 4.4% (2012)

Imports - major partners

Trinidad and Tobago 35.9%, US 26.9%, China 5.6% (2012)

FDI inflows
2011 2012 2013
US$725 million US$516  million US$376 million
FDI outflows
2011 2012 2013  
US$-25 million US$89 million US$3 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$ 0 US$ 0 US$ 0 US$ -86 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 91 out of 189 countries (2013)

Subcategories:

Starting a business: 77 out of 189 countries(2009)

Enforcing Contracts: 110 out of 189 countries

Registering Property: 142 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 170 out of 189 countries

Trading across border: 30 out of 189 countries

Paying Taxes: 112 out of 189 countries

Dealing with Construction Permits: 56 out of 189 countries

Getting Electricity: 83 out of 189 countries

Resolving Insolvency: 28 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

55

(2014-2015)

 

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 45 Score: 68.3 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC-4

Total area

430 sq km

Capital

Bridgetown

Currency

Barbadian dollars (BBD)

Government type

parliamentary democracy and a Commonwealth realm

Languages

English (official), Bajan (English-based creole language, widely spoken in informal settings)

Religions

Protestant 66.3% (includes Anglican 23.9%, other Pentecostal 19.5%, Adventist 5.9%, Methodist 4.2%, Wesleyan 3.4%, Nazarene 3.2%, Church of God 2.4%, Baptist 1.8%, Moravian 1.2%, other Protestant .8%), Roman Catholic 3.8%, other Christian 5.4% (includes Jehovah's Witness 2.0%, other 3.4%), Rastafarian 1%, other 1.5%, none 20.6%, unspecified 1.2% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
0.25 million 0.269 million 0.277 million 0.279 million 0.283 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
36.8% 40% 34% 32%
Population median age

37.6 years (2014 est.)

Population growth rate

0.33% (2014 est.)

Life expectancy

74.99 years (2014 estimate)

Adult literacy

99.7% (2002 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

 

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 52.3% Mobile 108.1%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

75.00% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

5.4 (2010)

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World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards