Source
Central bank

Central Bank of Barbados

International Reserves

US$ 812.597 million (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 4.706 billion (2010 estimate)

GDP (Purchasing Power Parity)

6.635 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-2.6% 0.7% 2% 4.8% 3.9% 3.6% 3.8% -0.2%
2009 2010 2011 2012*        
-4.2% 0.2% 0.5% 0.9%        

*Estimate

GDP per capita - current prices

US$ 16,929 (2009 estimate)

GDP per capita - PPP

$23,870 International Dollars (2009 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.02% 0.01% 0.01% 0.01% 0.01%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 3.4% 
  • industry: 13.4% 
  • services: 83.2% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
3.7%(2008) 5.8% 9.4% 6.4%

*Estimate

Unemployment rate
2009 2010 2011 2012*
10.2% 10.6% 11.5%(2009) 11%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
90.9% 104% 116.8% 117.3% 117.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-6.5% -7.1% -7.3% -4.3% -3.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB+

Moody's rating: Baa3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$4.39 billion US$4.366 billion US$4.571 billion
Largest companies in Barbados

N/A

 
 
Source
Current account balance

US$ -392 million (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-8.3% of GDP (2010 estimate)(2009)

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

47.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.04% (2011)(2007)

(Data were released in 2012)

Total exports

US$491.1 million (2012 estimate) 

Export commodities

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

Total imports

US$1.633 billion (2012 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Trinidad and Tobago 18.7%, France 10.6%, US 9.6%, St. Lucia 8.7%, St. Vincent and the Grenadines 5.4%, Venezuela 4.8%, Antigua and Barbuda 4.4%, St. Kitts and Nevis 4.2% (2011)

Imports - major partners

Russia 26.6%, Trinidad and Tobago 24.8%, US 18.6%, China 6.1% (2011)

FDI inflows
2009 2010 2011
US$247 million US$290 million(2009) US$334 million(2009)
FDI outflows
2009 2010 2011  
US$-56 million US$-54 million US$-39 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$3 million N/A(2009) N/A(2009) N/A
Cross-border M&A; deals worth over $3 billion completed in 2010(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 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 88 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 70 out of 185 countries(2009)

Enforcing Contracts: 105 out of 185 countries

Registering Property: 154 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 169 out of 185 countries

Trading across border: 31 out of 185 countries

Paying Taxes: 121 out of 185 countries

Dealing with Construction Permits: 53 out of 185 countries

Getting Electricity: 81 out of 185 countries

Resolving Insolvency: 28 out of 185 countries

(2013)

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

44

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 37 Score: 69.0 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

430 km2 (2006)

Capital

Bridgetown (2009)

Currency

Barbadian dollars (BBD) (2009)

Government type

parliamentary democracy and a Commonwealth realm (2009)

Languages

English

Religions

Protestant 63.4% (Anglican 28.3%, Pentecostal 18.7%, Methodist 5.1%, other 11.3%), Roman Catholic 4.2%, other Christian 7%, other 4.8%, none or unspecified 20.6% (2008 estimate)

Total population
1980 1990 2000 2012* 2017**
0.25 million 0.25 million 0.27 million 0.28 million 0.28 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
36.8% 39.6% 36.3% 44.4%
Population median age

37 years (2010)

Population growth rate

0.2% (2011)

Life expectancy

77 years (2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

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

Source
Total telephone subscribers as % of population

178.36% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

71.77% (Data were released in 2012 and refer to 2011)

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

Source
CO2 emissions(Metric tons of CO2 per capita)

5.7672 (Data were released in 2012 and refer to 2009)

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2013

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