|
Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, in recent years the economy has diversified into light industry and tourism with about three-quarters of GDP and 80% of exports being attributed to services. Growth has rebounded since 2003, bolstered by increases in construction projects and tourism revenues, reflecting its success in the higher-end segment, but the sector faced declining revenues in 2009 with the global economic downturn. The country enjoys one of the highest per capita incomes in the region. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a relatively highly educated workforce. The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises. The public debt-to-GDP ratio rose to over 100% in 2009, largely because a sharp slowdown in tourism and financial services led to a wide budget deficit.
|
|
|
$5.051 billion (2009 est.)
country comparison to the world: 159
$5.351 billion (2008 est.)
$5.313 billion (2007 est.)
note:
data are in 2009 US dollars
|
|
|
$3.595 billion (2009 est.)
|
|
|
-5.6% (2009 est.)
country comparison to the world: 192
0.7% (2008 est.)
3.3% (2007 est.)
|
|
|
$17,700 (2009 est.)
country comparison to the world: 67
$18,900 (2008 est.)
$18,800 (2007 est.)
note:
data are in 2009 US dollars
|
|
|
agriculture: 6%
industry:
16%
services:
78% (2000 est.)
|
|
|
175,000 (2007 est.)
country comparison to the world: 174
|
|
|
agriculture: 10%
industry:
15%
services:
75% (1996 est.)
|
|
|
10.7% (2003 est.)
country comparison to the world: 119
|
|
|
NA%
|
|
|
lowest 10%: NA%
highest 10%:
NA%
|
|
|
revenues: $847 million (including grants)
expenditures:
$886 million (2000 est.)
|
|
|
NA (2009)
|
|
|
5.5% (2007 est.)
country comparison to the world: 149
|
|
|
10% (31 December 2008)
country comparison to the world: 23
12% (31 December 2007)
|
|
|
10.03% (31 December 2008)
country comparison to the world: 80
10.8% (31 December 2007)
|
|
|
$1.637 billion (31 December 2008)
country comparison to the world: 97
$1.454 billion (31 December 2007)
|
|
|
$3.701 billion (31 December 2008)
country comparison to the world: 92
$3.835 billion (31 December 2007)
|
|
|
$4.554 billion (31 December 2008)
country comparison to the world: 88
$3.533 billion (31 December 2007)
|
|
|
$NA (31 December 2009)
country comparison to the world: 80
$4.964 billion (31 December 2008)
$5.599 billion (31 December 2007)
|
|
|
sugarcane, vegetables, cotton
|
|
|
tourism, sugar, light manufacturing, component assembly for export
|
|
|
-3.2% (2000 est.)
country comparison to the world: 100
|
|
|
1.003 billion kWh (2007 est.)
country comparison to the world: 146
|
|
|
939.9 million kWh (2007 est.)
country comparison to the world: 147
|
|
|
0 kWh (2008 est.)
|
|
|
0 kWh (2008 est.)
|
|
|
765 bbl/day (2009 est.)
country comparison to the world: 107
|
|
|
9,000 bbl/day (2009 est.)
country comparison to the world: 152
|
|
|
1,750 bbl/day (2007 est.)
country comparison to the world: 118
|
|
|
10,390 bbl/day (2007 est.)
country comparison to the world: 139
|
|
|
2.17 million bbl (1 January 2009 est.)
country comparison to the world: 94
|
|
|
29.17 million cu m (2008 est.)
country comparison to the world: 87
|
|
|
29.17 million cu m (2008 est.)
country comparison to the world: 110
|
|
|
0 cu m (2008 est.)
country comparison to the world: 49
|
|
|
0 cu m (2008 est.)
country comparison to the world: 74
|
|
|
141.6 million cu m (1 January 2009 est.)
country comparison to the world: 101
|
|
|
-$254 million (2007 est.)
country comparison to the world: 95
|
|
|
$385 million (2006)
country comparison to the world: 171
|
|
|
manufactures, sugar and molasses, rum, other foods and beverages, chemicals, electrical components
|
|
|
Trinidad and Tobago 17.48%, Jamaica 15.63%, US 8.93%, Saint Lucia 8.13%, UK 5.36%, Saint Vincent and the Grenadines 5.04%, Antigua and Barbuda 4.12% (2009)
|
|
|
$1.586 billion (2006)
country comparison to the world: 159
|
|
|
consumer goods, machinery, foodstuffs, construction materials, chemicals, fuel, electrical components
|
|
|
Trinidad and Tobago 28.52%, US 27.96%, Colombia 7.13%, China 4.76%, UK 4.39% (2009)
|
|
|
$620 million (2007)
country comparison to the world: 138
|
|
|
$668 million (2003)
country comparison to the world: 153
|
|
|
Barbadian dollars (BBD) per US dollar - NA (2007), 2 (2006), 2 (2005), 2 (2004), 2 (2003)
|
|
|