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Barbados Indicators
Overview
GDP
Labour
Prices
Money
Trade
Government
Consumer
Last
Previous
Highest
Lowest
GDP Annual Growth Rate
4.4
10
10
-13.5
percent
Dec/23
Unemployment Rate
7.1
7.7
17.9
6.9
percent
Sep/24
Inflation Rate
0.4
0.6
11.2
-2.6
percent
Oct/24
Interest Rate
2
2
18
2
percent
Jan/25
Balance of Trade
-231490
-281251
289250
-323654
BBD Thousand
Sep/24
Current Account
-641
-1026
-294
-1251
BBD Million
Dec/24
Current Account to GDP
-6.4
-8.6
7.2
-10.9
percent of GDP
Dec/24
Government Budget
-0.1
-4.8
3.1
-11.8
percent of GDP
Dec/23
Corporate Tax Rate
5.5
5.5
30
5.5
percent
Dec/25
Personal Income Tax Rate
28.5
28.5
40
28.5
percent
Dec/25
Last
Previous
Highest
Lowest
GDP Annual Growth Rate
4.4
10
10
-13.5
percent
Dec/23
GDP
6.72
6.26
6.72
0.08
USD Billion
Dec/23
GDP per Capita PPP
19224
18470
20922
15286
USD
Dec/23
GDP per Capita
19734
18959
21477
12792
USD
Dec/23
Last
Previous
Highest
Lowest
Unemployment Rate
7.1
7.7
17.9
6.9
percent
Sep/24
Unemployed Persons
10
10.6
22.8
0
Thousand
Sep/24
Employed Persons
131
126
137
89
Thousand
Sep/24
Last
Previous
Highest
Lowest
Inflation Rate
0.4
0.6
11.2
-2.6
percent
Oct/24
Consumer Price Index CPI
112
112
113
98.3
points
Oct/24
CPI Housing Utilities
108
108
112
98.8
points
Oct/24
CPI Transportation
122
123
127
94.5
points
Oct/24
Food Inflation
2.29
2.39
17.08
-2.4
percent
Oct/24
Last
Previous
Highest
Lowest
Interest Rate
2
2
18
2
percent
Jan/25
Deposit Interest Rate
0.14
0.15
8.83
0.14
percent
Dec/23
Foreign Exchange Reserves
2814339
2785371
2922716
127861
BBD Million
Jan/25
Last
Previous
Highest
Lowest
Balance of Trade
-231490
-281251
289250
-323654
BBD Thousand
Sep/24
Current Account
-641
-1026
-294
-1251
BBD Million
Dec/24
Current Account to GDP
-6.4
-8.6
7.2
-10.9
percent of GDP
Dec/24
Exports
96581
60052
175778
12886
BBD Thousand
Sep/24
Imports
328070
341303
408635
44472
BBD Thousand
Sep/24
Tourist Arrivals
87112
63999
87112
136
Dec/24
External Debt to GDP
43.2
41.1
49.3
26.9
percent of GDP
Dec/23
Crude Oil Production
1
1
1.9
0.77
BBL/D/1K
Nov/24
Last
Previous
Highest
Lowest
Government Budget
-0.1
-4.8
3.1
-11.8
percent of GDP
Dec/23
Corruption Index
68
69
78
61
Points
Dec/24
Corruption Rank
23
24
31
15
Dec/24
Credit Rating
28
Mar/25
Last
Previous
Highest
Lowest
Corporate Tax Rate
5.5
5.5
30
5.5
percent
Dec/25
Personal Income Tax Rate
28.5
28.5
40
28.5
percent
Dec/25
Sales Tax Rate
17.5
17.5
17.5
15
percent
Dec/25
Withholding Tax Rate
0
0
0
0
percent
Dec/24
Social Security Rate
23.85
23.85
23.85
21.35
percent
Dec/25
Social Security Rate For Companies
12.75
12.75
12.75
11.25
percent
Dec/25
Social Security Rate For Employees
11.1
11.1
11.1
10.1
percent
Dec/25
Last
Previous
Highest
Lowest
Bank Lending Rate
4
4
14.5
0
percent
Dec/24
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Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Barbados Indicators - was last updated on Wednesday, March 12, 2025.