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Macro

Barbados

Latin America & Caribbean · High income · IMF WEO April 2026 · World Bank WDI

GDP▲ 5.5%
Current prices2025
8USD bn
GDP per capita▲ 5.4%
Current prices2025
27,494USD
Real GDP growth▼ 0.6 pp
Annual change2025
2.7%
Inflation▼ 0.7 pp
Average consumer prices2025
0.8%
Unemployment▼ 0.4 pp
Rate2025
6.9%
Government debt▼ 4.7 pp
General government, gross2025
94.2% of GDP
Current account▼ 3.6 pp
Balance2025
-7.5% of GDP
Population▲ 0.1%
Total2025
0.29million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-17.40.015.91995: 2.0%1996: 4.0%1997: 4.7%1998: 3.7%1999: 0.3%2000: 4.5%2001: -2.4%2002: 0.8%2003: 2.2%2004: 1.4%2005: 4.0%2006: 5.7%2007: 2.3%2008: 0.7%2009: -4.8%2010: -2.2%2011: -0.1%2012: -2.9%2013: 0.2%2014: 0.8%2015: -0.8%2016: 1.4%2017: 0.7%2018: -0.3%2019: 0.2%2020: -17.4%2021: 8.0%2022: 15.9%2023: 1.8%2024: 3.4%2025: 2.7%2026: 2.5% (IMF projection)2027: 2.2% (IMF projection)2028: 2.0% (IMF projection)2029: 2.0% (IMF projection)2030: 2.0% (IMF projection)2031: 2.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-1.30.09.41995: 2.8%1996: 2.4%1997: 7.7%1998: -1.3%1999: 1.6%2000: 2.4%2001: 2.6%2002: 0.2%2003: 1.6%2004: 1.4%2005: 6.1%2006: 7.3%2007: 4.0%2008: 8.1%2009: 3.6%2010: 5.8%2011: 9.4%2012: 4.5%2013: 1.8%2014: 1.8%2015: -1.1%2016: 1.3%2017: 4.7%2018: 3.1%2019: 1.7%2020: 0.6%2021: 1.5%2022: 4.4%2023: 3.2%2024: 1.5%2025: 0.8%2026: 2.3% (IMF projection)2027: 2.2% (IMF projection)2028: 2.2% (IMF projection)2029: 2.4% (IMF projection)2030: 2.4% (IMF projection)2031: 2.4% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %8.015.91.83.42.72.52.22.02.02.0
Inflation, average consumer prices %1.54.43.21.50.82.32.22.22.42.4
Unemployment rate %14.18.28.57.26.96.86.86.86.86.8
GDP, current prices USD bn677888991010
GDP per capita, current prices USD20,61123,79924,87726,07627,49429,02030,55631,90933,30934,772
GDP per capita, PPP Int. USD17,29021,41822,53523,79025,11926,40827,52028,45829,46930,533
General government gross debt % of GDP108.6104.0104.198.994.289.585.181.277.073.1
General government net lending/borrowing % of GDP-3.9-1.7-1.6-0.8-0.3-0.10.20.10.30.4
Current account balance % of GDP-7.9-7.9-7.8-3.9-7.5-7.0-6.6-6.0-5.5-5.2
Population million0.290.290.290.290.290.290.290.290.290.30

Government debt, % of GDP

General government gross debt
0.01352000: 54%2001: 59%2002: 62%2003: 62%2004: 61%2005: 63%2006: 64%2007: 65%2008: 70%2009: 83%2010: 90%2011: 94%2012: 103%2013: 112%2014: 115%2015: 122%2016: 127%2017: 135%2018: 107%2019: 102%2020: 130%2021: 109%2022: 104%2023: 104%2024: 99%2025: 94%2026: 90% (IMF projection)2027: 85% (IMF projection)2028: 81% (IMF projection)2029: 77% (IMF projection)2030: 73% (IMF projection)2031: 69% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-9.90.02000: -3.2%2001: -3.3%2002: -4.6%2003: -3.2%2004: -9.1%2005: -9.0%2006: -8.9%2007: -4.1%2008: -8.1%2009: -5.0%2010: -3.8%2011: -9.9%2012: -7.1%2013: -6.9%2014: -7.6%2015: -5.1%2016: -3.6%2017: -3.2%2018: -3.4%2019: -1.0%2020: -5.1%2021: -7.9%2022: -7.9%2023: -7.8%2024: -3.9%2025: -7.5%2026: -7.0% (IMF projection)2027: -6.6% (IMF projection)2028: -6.0% (IMF projection)2029: -5.5% (IMF projection)2030: -5.2% (IMF projection)2031: -5.2% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19953.214.98.072.2
20051.614.97.071.9
20151.613.65.674.7
20241.612.24.975.8

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method27,080USD2025+40.5%
GNI, Atlas method8USD bn2025+42.3%
Life expectancy at birth76.3years2024+0.5%
Urban population59.7% of total2025+0.5 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)