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Economy of Barbados

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

8.4% 29.8% 10.9% 44.0%
  • Agriculture, forestry & fishing: 1.7%
  • Mining, manufacturing & utilities: 8.4%
  • Construction: 5.2%
  • Trade, restaurants & hotels: 29.8%
  • Transport & communication: 10.9%
  • Finance, real estate & other services: 44.0%
Show table
Agriculture, forestry & fishing
1.7%
Mining, manufacturing & utilities
8.4%
Construction
5.2%
Trade, restaurants & hotels
29.8%
Transport & communication
10.9%
Finance, real estate & other services
44.0%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 8.48B #150 / 190 2026
GDP (Local currency - BBD) 17B - 2026
Real GDP (Local currency - BBD) 15.7B - 2026
PPP GDP (Int$) 7.72B #165 / 191 2026
GNI (USD) 7.29B #160 / 210 2024

GDP per Capita

GDP per Capita (USD) 29,020 #52 / 190 2026
GDP per Capita (Local currency - BBD) 58,039 - 2026
Real GDP per Capita (Local currency - BBD) 53,781 - 2026
PPP GDP per Capita (Int$) 26,408 #84 / 191 2026
GNI per Capita (USD) 25,794 #57 / 210 2024

Economic Growth

GDP Growth 2.5% #114 / 191 2026

Prices and Inflation

Inflation Rate 2.3% #153 / 191 2026

Labor Market

Unemployment Rate 6.8% #31 / 103 2026

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