What is the GDP of Barbados?

Barbados's GDP is approximately $7.5 billion USD. The GDP growth rate is 2.5%.

What is the population of Barbados?

Barbados has a population of approximately 0.3 million people. The population growth rate is 0%.

What is the inflation rate in Barbados?

The inflation rate in Barbados is -0.4%.

What is the unemployment rate in Barbados?

The unemployment rate in Barbados is 6.5%.

What is the GDP per capita of Barbados?

Barbados's GDP per capita is approximately $26,545 USD.

Is Barbados a good country to invest in?

Barbados has an investment score of 60/100, classified as "Moderate" risk. Key sectors include Tourism, Financial Services, Agriculture. Credit rating: NR.

How much foreign investment does Barbados attract?

Foreign direct investment (FDI) in Barbados is 4% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Barbados?

Barbados's economy is composed of services (76% of GDP), industry (12% of GDP), and agriculture (2% of GDP).

Can I start a business in Barbados as a foreigner?

Barbados offers various options for foreign entrepreneurs. Visit our business setup guide for Barbados for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Barbados's economy growing?

Barbados's GDP growth rate is 2.5%. The economy is growing at a moderate pace.

🇧🇧

Barbados Economy Overview

Name: Barbados Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Latin America & CaribbeanHigh IncomeCapital: BridgetownBRB

Moderate

Growing

7.5B USD

GDP (Nominal)

Growing at 2.5%

$26,545

GDP Per Capita

High income level

0.3M

Population

0% annual growth

Stable

-0.4%

Inflation

Price stability

Trade Openness

Strong

4%of GDP

FDI Inflows

Public Debt

High

6.5%

Unemployment

Trade Balance

GDP

Billion USD, nominal

$7.5B

2024+0.3B

GDP Growth

Annual %

2.5%

2024-0.4%

Inflation

Consumer prices, annual %

-0.4%

2024-10.2%

Population

Millions

0.3M

2024+0.0M

Economic Structure

Services76%

Industry12%

Agriculture2%

Investment Score Breakdown

Economic Health (30%)58

Political Safety (25%)68

Business Climate (20%)62

Financial Strength (15%)50

Growth Potential (10%)46

Key Sectors

Tourism

22% of GDP

growing

Financial Services

15% of GDP

stable

Agriculture

4% of GDP

declining

Renewable Energy

2.5% of GDP

growing

Should I Invest in Barbados?

HoldSetup: ModerateROI: Moderate

Barbados scores 60/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 2.1%.

Investment Score60/100

GDP Growth2.1%

Inflation4.1%

FDI/GDP4.8%

Public Debt122%

Political Stability0.9

Strengths

+Good political stability and rule of law

Risks

-Very high public debt (122% of GDP) - fiscal crisis risk
-Large current account deficit (-8.6%) - currency depreciation risk

Also Consider

Costa Rica

Same region, similar income level, faster growth (3.8%)

Chile

Same region, similar income level

Panama

Same region, similar income level, faster growth (3.5%)

Uruguay

Same region, similar income level

Countries Similar to Barbados

Based on investment profile, economic size, growth rate, and region

🇧🇸

Bahamas

Similar investment profile · Similar risk level

91% match

🇹🇹

Trinidad and Tobago

Similar investment profile · Similar income level

91% match

🇸🇨

Seychelles

Similar investment profile · Similar risk level

91% match

🇺🇾

Uruguay

Similar investment profile · Similar risk level

90% match

🇨🇱

Chile

Similar investment profile · Similar risk level

89% match

Start a Business in Barbados

Entity types, registration steps, costs, tax rates, labor laws, and break-even calculator

Explore more for Barbados

Go deeper with Barbados

Unlock investment risk scores, business setup guides, and cost calculators for Barbados and 40+ other countries.

Loading Macroeconomic Data

Fetching live data from World Bank...