Coface Group
Barbados

Barbados

Population 0.3 million
GDP per capita 16,817 US$
D
Country risk assessment
A4
Business Climate
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Synthesis

major macro economic indicators

  2020 2021 2022 (e) 2023 (p)
GDP growth (%) -13.5 -0.3 10.5 4.0
Inflation (yearly average, %) 2.8 3.5 8.5 4.0
Budget balance (% GDP)* -4.8 -4.8 -3.2 -1.5
Current account balance (% GDP) -5.9 -10.9 -10.0 -8.0
Public debt (% GDP) 137.2 137.9 118.0 112.0

(e): Estimate (f): Forecast *Fiscal year from April 1st to March 31st. 2023 data: 2023/24

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