Barbados
Capital: BridgetownRegion: Latin America & Caribbean Income: High income
GDP
$7.94B
2026
Population
282,467
2024
GDP per Capita
$27K
2026
Life Expectancy
76.2 years
2023
Economy
| Indicator | Value | Year |
|---|---|---|
| GDP (Current USD, Billions) | $7.94B | 2026 |
| Real GDP Growth (%) | 2.1% | 2026 |
| GDP per Capita (USD) | $27K | 2026 |
| GDP, PPP (Billions Intl $) | $7.03B | 2026 |
| GDP per Capita, PPP (Intl $) | $24K | 2026 |
| Share of World GDP, PPP (%) | 0.00% | 2026 |
| GNI (Current USD) | $7.20B | 2024 |
| GNI per Capita (USD) | $25K | 2024 |
| GNI per Capita, PPP (USD) | $24K | 2024 |
| Industry Value Added (% of GDP) | 12.4% | 2024 |
| Services Value Added (% of GDP) | 75.5% | 2024 |
| Agriculture Value Added (% of GDP) | 1.6% | 2024 |
| GDP Deflator (%) | 1.3% | 2024 |
| GDP per Person Employed (USD) | $43K | 2024 |
| Manufacturing Value Added (% of GDP) | 5.0% | 2024 |
| Medium/High-Tech Manufacturing (% of total) | 38.1% | 2022 |
| Adjusted Net National Income per Capita (USD) | $15K | 2021 |
| Adjusted Net Savings (% of GNI) | -2.8% | 2017 |
| Coal Rents (% of GDP) | 0.00% | 2021 |
| Mineral Rents (% of GDP) | 0.00% | 2021 |
| Oil Rents (% of GDP) | 0.31% | 2021 |
| Natural Gas Rents (% of GDP) | 0.01% | 2021 |
| Total Natural Resources Rents (% of GDP) | 0.3% | 2021 |
| Forest Rents (% of GDP) | 0.01% | 2021 |
| Industry Value Added (Current USD) | $926.5M | 2024 |
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 2.5% | 2026 |
| Govt Gross Debt (% of GDP) | 94.6% | 2026 |
| Fiscal Balance (% of GDP) | 0.1% | 2026 |
| Current Account Balance (% of GDP) | -5.7% | 2026 |
| Unemployment Rate (%) | 7.8% | 2026 |
| Inflation, CPI (%, World Bank) | -0.4% | 2024 |
| Lending Interest Rate (%) | 8.1% | 2022 |
| Deposit Interest Rate (%) | 0.1% | 2022 |
| Total Reserves incl. Gold (USD) | $1.61B | 2023 |
| Official Exchange Rate (per USD) | 2.00 | 2024 |
| Broad Money (% of GDP) | 97.5% | 2023 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Merchandise Exports (USD) | $461.0M | 2024 |
| Merchandise Imports (USD) | $2.15B | 2024 |
| FDI Inflows (% of GDP) | 4.0% | 2024 |
| FDI Outflows (% of GDP) | 0.2% | 2024 |
| FDI Net Inflows (USD) | $303.1M | 2024 |
| Personal Remittances Received (USD) | $85.2M | 2024 |
| Personal Remittances Received (% of GDP) | 1.1% | 2024 |
| High-Tech Exports (% of manufactured) | 19.9% | 2024 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit to Private Sector (% of GDP) | 59.7% | 2023 |
| Stock Market Capitalization (% of GDP) | 51.4% | 2020 |
| Stock Market Capitalization (USD) | $2.78B | 2020 |
| Stock Market Turnover (% of GDP) | 0.0% | 2021 |
| Listed Domestic Companies | 15 | 2020 |
| Bank Capital to Assets Ratio (%) | 11.2% | 2022 |
| Bank Nonperforming Loans (%) | 5.8% | 2022 |
| Firms Using Banks to Finance Investment (%) | 31.4% | 2023 |
Private Sector
| Indicator | Value | Year |
|---|---|---|
| Firms Expected to Pay Bribes (%) | 3.0% | 2023 |
| Firms with Female Top Manager (%) | 32.6% | 2023 |
| Firms with Female Participation in Ownership (%) | 16.9% | 2023 |
| Average Firm Age (years) | 10 years | 2023 |
| Firms Using Computers (%) | 52.7% | 2023 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 282,467 | 2024 |
| Population Growth (%) | 0.0% | 2024 |
| Population Density (per km²) | 657 | 2023 |
| Surface Area (sq km) | 430 | 2023 |
| Land Area (sq km) | 430 | 2023 |
| Urban Population (%) | 59.5% | 2024 |
| Urban Population (total) | 168,180 | 2024 |
| Rural Population (%) | 40.5% | 2024 |
| Life Expectancy at Birth | 76.2 years | 2023 |
| Life Expectancy, Male | 73.6 years | 2023 |
| Life Expectancy, Female | 78.6 years | 2023 |
| Fertility Rate (births per woman) | 1.7 | 2023 |
| Birth Rate (per 1,000) | 11.2 | 2023 |
| Death Rate (per 1,000) | 10.6 | 2023 |
| Net Migration | -87 | 2025 |
| Population Ages 0–14 (%) | 17.2% | 2024 |
| Population Ages 15–64 (%) | 66.2% | 2024 |
| Population Ages 65+ (%) | 16.6% | 2024 |
| Age Dependency Ratio (%) | 51.0% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 135.2 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 82.7 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 151,620 | 2025 |
| Labor Force Participation (%) | 64.7% | 2025 |
| Female Labor Force Participation (%) | 61.0% | 2025 |
| Male Labor Force Participation (%) | 68.7% | 2025 |
| Unemployment (%) | 6.5% | 2025 |
| Female Unemployment (%) | 7.0% | 2025 |
| Male Unemployment (%) | 6.1% | 2025 |
| Youth Unemployment (%) | 18.5% | 2025 |
| Employment in Agriculture (%) | 1.2% | 2025 |
| Employment in Industry (%) | 16.2% | 2025 |
| Employment in Services (%) | 82.6% | 2025 |
| Vulnerable Employment (%) | 18.8% | 2025 |
| Wage & Salaried Workers (% of total) | 80.5% | 2025 |
| Employers (% of total employment) | 0.7% | 2025 |
| Labor Force, Female (% of total) | 49.7% | 2025 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 3.6% | 2024 |
| Education Spending (% of govt expenditure) | 14.2% | 2025 |
| Primary School Enrollment (%) | 83.9% | 2024 |
| Secondary School Enrollment (%) | 104.4% | 2024 |
| Tertiary School Enrollment (%) | 50.8% | 2025 |
| Primary Completion Rate (%) | 85.3% | 2024 |
| Lower Secondary Completion Rate (%) | 97.3% | 2024 |
| Out-of-School Children, Primary | 3,420 | 2024 |
| Out-of-School Girls, Primary | 1,659 | 2024 |
| Primary School Teachers | 1,592 | 2024 |
| Secondary School Teachers | 1,244 | 2024 |
| Pupil-Teacher Ratio, Primary | 14 | 2018 |
| Pupil-Teacher Ratio, Secondary | 18 | 2018 |
| Expenditure per Student, Primary (% of GDP/cap) | 29.6% | 2016 |
Health
| Indicator | Value | Year |
|---|---|---|
| Health Spending (% of GDP) | 5.4% | 2023 |
| Health Spending per Capita (USD) | $1K | 2023 |
| Government Health Spending (% of GDP) | 2.3% | 2023 |
| Out-of-Pocket Health Spending (% of total) | 49.5% | 2023 |
| Physicians (per 1,000 people) | 3.0 | 2022 |
| Nurses & Midwives (per 1,000) | 3.7 | 2023 |
| Hospital Beds (per 1,000) | 6.4 | 2023 |
| Infant Mortality (per 1,000 live births) | 10.0 | 2023 |
| Under-5 Mortality, Female (per 1,000) | 9.2 | 2023 |
| Under-5 Mortality, Male (per 1,000) | 10.8 | 2023 |
| Cause of Death, Communicable (%) | 12.9% | 2019 |
| Cause of Death, Non-Communicable (%) | 82.8% | 2019 |
| Cause of Death, Injury (%) | 4.3% | 2019 |
| Measles Immunization (% of children) | 88.0% | 2024 |
| DPT Immunization (% of children) | 94.0% | 2024 |
| HIV Incidence (per 1,000) | 0.35 | 2024 |
| Tuberculosis Incidence (per 100,000) | 1 | 2024 |
| Smoking Prevalence, Males (%) | 12.2% | 2022 |
| Smoking Prevalence, Females (%) | 1.7% | 2022 |
| Suicide Mortality Rate (per 100,000) | 3.5 | 2021 |
| Alcohol Consumption (liters per capita) | 8.2 | 2020 |
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| Renewable Electricity Output (%) | 7.3% | 2021 |
| Renewable Energy Consumption (%) | 5.5% | 2022 |
| Access to Clean Fuels for Cooking (%) | 100.0% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 23.7 | 2020 |
| Forest Area (%) | 14.7% | 2023 |
| Forest Area (sq km) | 63 | 2023 |
| Terrestrial Protected Areas (%) | 0.1% | 2024 |
| Marine Protected Areas (%) | 0.0% | 2024 |
| Access to Basic Drinking Water (%) | 99.2% | 2024 |
| Access to Basic Sanitation (%) | 98.1% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 23.3% | 2023 |
| Cereal Yield (kg per hectare) | 2,790 | 2023 |
| Food Production Index (2014–2016=100) | 102.7 | 2022 |
| Crop Production Index (2014–2016=100) | 108.3 | 2022 |
| Livestock Production Index (2014–2016=100) | 100.8 | 2022 |
| Land Under Cereal Production (hectares) | 15 | 2023 |
| Fertilizer Consumption (kg per hectare) | 32.4 | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 87.5% | 2022 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 80.0% | 2023 |
| Fixed Broadband Subscriptions (per 100) | 37.5 | 2022 |
| Secure Internet Servers (per million) | 1,171.8 | 2024 |
| Patent Applications, Residents | 73 | 2021 |
| Patent Applications, Non-Residents | 31 | 2019 |
| Scientific Journal Articles | 72 | 2022 |
| High-Technology Exports (USD) | $18.9M | 2024 |
| Industrial Design Applications, Resident | 1 | 2017 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Container Port Traffic (TEU) | 97,000 | 2022 |
| Electricity from Oil (%) | 92.7% | 2021 |
| Electricity from Nuclear (%) | 0.0% | 2021 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 26.7% | 2024 |
| Female Labor Force Participation, 15+ (%) | 57.3% | 2023 |
| Female Wage & Salaried Workers (%) | 86.8% | 2025 |
| Girls Out-of-School Rate (%) | 99.1% | 2018 |
| Adolescent Fertility Rate (per 1,000) | 45.3 | 2023 |
| Gender Parity Index, Secondary | 1.03 | 2021 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | 1.34 | 2023 |
| Government Effectiveness | 0.38 | 2023 |
| Regulatory Quality | 0.50 | 2023 |
| Voice & Accountability | 1.16 | 2023 |
| Control of Corruption (percentile rank) | 89.6% | 2023 |
| Government Effectiveness (percentile rank) | 64.2% | 2023 |
| Rule of Law (percentile rank) | 62.3% | 2023 |
| Political Stability (percentile rank) | 93.8% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Armed Forces (% of labor force) | 0.7% | 2020 |
| Intentional Homicides (per 100,000) | 7.4 | 2023 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 966,000 | 2019 |
| Tourism Receipts (USD) | $1.07B | 2016 |
| Tourism Expenditures (USD) | $99.0M | 2016 |
| Tourism Receipts (% of total exports) | 44.4% | 2016 |
| International Tourism, Transport Services (USD) | $33.0M | 2016 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Rural Population Growth (%) | -0.2% | 2024 |