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BB

Barbados

BB Β· BRB Β· #182 Β· 6 cities

Nomad score 59/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$34,527
GDP (2031)
$10.8B
GDP growth (2031)
2.0% β†’
Inflation (2031)
2.4% β†’
Unemployment (2031)
6.8% β†’
Population (2031)
296.0K
Population growth (2031)
0.3% ↑
Gini index (2016)
34.1
Government debt (2031)
69.1% of GDP
Current account (2031)
-5.2% of GDP
FDI inflows (2024)
$303.1M
Life expectancy (2024)
76.3 yrs
Health spending (2023)
5.4% of GDP
Internet users (2024)
70.4%
Mobile subscriptions (2022)
114.6/100
Exchange rate (2025)
2.00/USD
Foreign reserves (2024)
$1.7B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
69.1% of GDP
Current account (2031)
-5.2% of GDP
FDI inflows (2024)
$303.1M

Income inequality (Gini)

Gini index (2016)
0.34
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
8.11/1k
Tax revenue (2016)
23.4% of GDP
Services sector (2024)
75.8% of GDP

Financial access and costs

ATMs per 100k (2024)
37.2
Bank branches per 100k (2024)
13.3
ICT service exports (2017)
0.2%
Goods and services tax (2016)
13.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $10.8B $34,527 2.0% 2.4% 6.8% 296.0K - 69.1% -5.2% - - - - -
2030 * $10.3B $33,091 2.0% 2.4% 6.8% 295.0K - 73.1% -5.2% - - - - -
2029 * $9.8B $31,618 2.0% 2.4% 6.8% 295.0K - 77.0% -5.5% - - - - -
2028 * $9.4B $30,315 2.0% 2.2% 6.8% 294.0K - 81.2% -6.0% - - - - -
2027 * $9.0B $29,056 2.2% 2.2% 6.8% 293.0K - 85.1% -6.6% - - - - -
2026 * $8.5B $27,619 2.5% 2.3% 6.8% 292.0K - 89.5% -7.0% - - - - -
2025 $8.0B $25,894 2.7% 0.8% 6.9% 292.0K - 94.2% -7.5% - - - - 2.00
2024 $7.6B $24,540 3.4% 1.5% 7.2% 291.0K - 98.9% -3.9% $303.1M 76.3 - 70.4% 2.00
2023 $7.2B $23,176 1.8% 3.2% 8.5% 290.0K - 104.1% -7.8% $224.9M 76.2 5.4% 69.7% 2.00
2022 $6.9B $21,952 15.9% 4.4% 8.2% 289.0K - 104.0% -7.9% $200.0M 75.7 5.9% 69.1% 2.00
2021 $5.9B $17,687 8.0% 1.5% 14.1% 289.0K - 108.6% -7.9% $238.7M 76.6 7.4% 69.5% 2.00
2020 $5.4B $16,544 -17.4% 0.6% 15.7% 288.0K - 129.6% -5.1% $262.1M 76.7 6.7% 69.9% 2.00
2019 $6.2B $19,987 0.2% 1.7% 10.1% 287.0K - 101.6% -1.0% $215.4M 76.5 5.7% 70.3% 2.00
2018 $6.0B $19,774 -0.3% 3.1% 10.1% 286.0K - 107.2% -3.4% $241.6M 76.4 5.8% 70.7% 2.00
2017 $5.8B $18,970 0.7% 4.7% 10.0% 286.0K - 134.6% -3.2% $91.5M 76.2 6.0% 71.2% 2.00
2016 $5.7B $19,191 1.4% 1.3% 9.7% 285.0K 34.1 127.1% -3.6% $557.5M 76.2 6.2% 71.6% 2.00
2015 $5.7B $19,190 -0.8% -1.1% 11.3% 284.0K - 122.5% -5.1% $688.5M 76.1 6.1% 72.1% 2.00
2014 $5.7B $18,808 0.8% 1.8% 12.3% 283.0K - 115.1% -7.6% $753.7M 75.9 6.1% 71.9% 2.00
2013 $5.7B $19,008 0.2% 1.8% 11.6% 283.0K - 111.7% -6.9% $104.1M 75.8 6.5% 71.8% 2.00
2012 $5.5B $18,669 -2.9% 4.5% 11.5% 282.0K - 103.5% -7.1% $528.0M 75.7 6.9% 71.2% 2.00
2011 $5.6B $19,958 -0.1% 9.4% 11.2% 281.0K - 94.4% -9.9% $459.6M 75.6 6.1% 66.5% 2.00
2010 $5.4B $19,633 -2.2% 5.8% 10.3% 280.0K - 90.3% -3.8% $425.3M 75.5 6.0% 65.1% 2.00
2009 $5.4B $21,188 -4.8% 3.6% 10.0% 278.0K - 83.5% -5.0% $356.0M 75.5 6.3% 64.7% 2.00
2008 $5.7B $22,285 0.7% 8.1% 8.1% 277.0K - 69.8% -8.1% $615.1M 75.3 5.7% 61.4% 2.00
2007 $5.6B $21,841 2.3% 4.0% 7.4% 276.0K - 64.9% -4.1% $476.4M 75.3 5.4% 58.2% 2.00
2006 $5.0B $20,931 5.7% 7.3% 8.7% 275.0K - 64.1% -8.9% $342.3M 75.1 5.9% 55.3% 2.00
2005 $4.5B $19,235 4.0% 6.1% 9.1% 274.0K - 62.7% -9.0% $390.1M 75.0 6.1% 52.5% 2.00
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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