Barbados Barbados

Subscribe to our free email alert service

Barbados, is a country located at Caribbean, it has an area of 430 Km2 so it is one of the smallest countries in the world.

Barbados, with a population of 287,708 people, it is one of the least populous country in the world and it has a high population density, with 669 people per km2.

It's capital is Bridgetown and its currency is Barbadian dollars

Barbados is holding the 159 position by nominal GDP. Its national debt in 2021 was 5,819 millions of euros (6,887 millions of dollars), ( 135.4% debt-to-GDP ratio) and its public debt per capita is €20,224 euros per inhabitant$23,936 dollars per inhabitant.

In terms of the human development index (HDI) of Barbados, which is the index used by the United Nations to measure the progress of a country, was 0.79 points in 2021, leaving it in 70th place in the table of 191 countries published.

If the reason to visit Barbados are business, you must know it's in the 128th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Barbados, if you want to see information about other countries click here

Barbados Economy
Annual GDP [+]2021€4,144M
Annual GDP [+]2021$4,901M
GDP per capita [+]2021€14,403
GDP per capita [+]2021$17,034
Debt (M.€.) [+]20215,819
Debt ($M) [+]20216,887
Debt (%GDP) [+]2021135.40%
Debt Per Capita [+]2021€20,224
Debt Per Capita [+]2021$23,936
Deficit (M.€) [+]2021-207
Deficit ($M) [+]2021-246
Deficit (%GDP) [+]2021-4.83%
Expenditure (M.€) [+]20211,450.3
Expenditure ($M) [+]20211,716.5
Education Expenditure (M.€) [+]2020176.0
Education Expenditure ($M) [+]2020200.9
Education Expenditure (%Bud.) [+]202116.58%
Gov. Health Exp. (M.€) [+]2017132.1
Gov. Health Exp.($M) [+]2017149.2
Gov. Health Exp. (%Bud.) [+]20179.08%
Expenditure (%GDP) [+]202133.75%
Expenditure Per Capita [+]2021€5,041
Expenditure Per Capita [+]2021$5,966
Education Expenditure P.C [+]2020€611
Education Expenditure P.C [+]2020$698
Gov. Health Exp. P.C. [+]2017€463
Gov. Health Exp. P.C. [+]2017$523
Moody's Rating [+]07/14/2021Caa1
S&P Rating [+]12/11/2019B-
Corruption Index [+]202265
Competitiveness Ranking [+]201977º
Fragile States Index [+]201848.2
Innovation Ranking [+]201537º
Unemployment rate [+]2015Q211.9%
Unemployed [+]2015Q217K
NMW [+]2022$736.7
Human Capital Ranking [+]201779º
Doing Business [+]2020128º
Vehicles / 1,000 people [+]2015387.32
Tax Revenue (%GDP) [+]202035.2%
Standard VAT [+]01/01/201117.50%
Top tax rate + SSC [+]202028.5%
Annual arrivals [+]2018680,000
Exports [+]2021€287.2M
Exports [+]2021$339.6M
Exports % GDP [+]20216.93%
Imports [+]2021€1,362.7M
Imports [+]2021$1,611.7M
Imports % GDP [+]202132.89%
Trade balance [+]2021€-1,075.6M
Trade balance [+]2021$-1,272.1M
Trade balance % GDP [+]2021-25.96%
Density [+]2021669
Remittance received ($M) [+]2017111.7
% Immigrant [+]201912.13%
% Emigrant [+]201939.35%
Birth Rate [+]202010.60‰
Remittance sent ($M) [+]201720.1
Crude death rate [+]20209.13‰
Fertility Rate [+]20201.63
Population [+]2021287,708
Immigrant stock [+]201934,807
Emigrant stock [+]2019112,925
HDI [+]20210.790
Gender Gap Ranking [+]202230º
Life expectancy [+]202079.31
Suicides [+]20151
Suicide rate [+]20150.42
Number of homicides [+]202041
Rate Homicides per 100.000 [+]202014.27
Energy and Environment
CO2 Tons per capita [+]20216.13
Annual crude oil production [+]20211
Crude Oil Reserves [+]20212.0
Consumption GWh [+]20211,006
Generation GWh [+]20211,071
COVID-19 - Deaths [+]02/05/2023571
COVID-19 - Confirmed [+]02/05/2023106,157
Fully vaccinated [+]01/06/2023155,010
COVID-19 - Deaths per million population [+]02/05/20231,984.65
Doses administered [+]01/06/2023381,013