π§π§ Barbados
BB / BRB #182
Nomad Score
59.0
Cities
6
π 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
Pop. Growth (2031)
0.3%
β
Gini Index (2016)
34.1
Govt 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 Subs (2022)
114.6/100
Exchange Rate (2024)
2.00/USD
Foreign Reserves (2024)
$1.7B
π° GDP OVERVIEW
π€ GDP PER CAPITA (PPP)
π INFLATION (CPI)
π· UNEMPLOYMENT
π₯ POPULATION
π FISCAL & TRADE
Govt Debt (2031)
69.1% of GDP
Current Account (2031)
-5.2% of GDP
FDI Inflows (2024)
$303.1M
βοΈ INCOME INEQUALITY (GINI)
Gini Index (2016)
0.34
Assessment
Moderate inequality
π’ BUSINESS ENVIRONMENT
New Business Density (2022)
5.46/1k
Tax Revenue (2016)
23.4% of GDP
Services Sector (2024)
75.5% of GDP
π§ FINANCIAL ACCESS & COSTS
ATMs per 100k (2022)
29.9
Bank Branches per 100k (2023)
13.2
ICT Service Exports (2017)
0.2%
Goods & Services Tax (2016)
13.1%
π HISTORICAL 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 | $26,102 | 2.7% | 0.8% | 6.9% | 292.0K | - | 94.2% | -7.5% | - | - | - | - | - |
| 2024 | $7.6B | $24,823 | 3.4% | 1.5% | 7.2% | 291.0K | - | 98.9% | -3.9% | $303.1M | 76.3 | - | 70.4% | 2.00 |
| 2023 | $7.2B | $23,660 | 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 | $22,193 | 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 | $17,683 | 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 | $16,555 | -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 | $19,971 | 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 | $19,777 | -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 | $18,437 | 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 | $19,176 | 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 | $19,186 | -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 | $18,595 | 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 | $19,032 | 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 | $19,605 | -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 | $20,316 | -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 | $20,033 | -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 | $20,324 | -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 | $21,376 | 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 | $20,949 | 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 | $20,076 | 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 | $18,450 | 4.0% | 6.1% | 9.1% | 274.0K | - | 62.7% | -9.0% | $390.1M | 75.0 | 6.1% | 52.5% | 2.00 |
π§ CONTINUE EXPLORING BARBADOS