General profile: Barbados

GENERAL INFORMATION FOR 2016
Population
Population
Exchange rates
Exchange rate
GDP
GDP
0.285 Millions
2.000 BBD/US$
4 504 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
..
1.29 %
1.40 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+5.6 %
Merchandise exports growth rate in 2016
Total merchandise trade
(millions of US$)
2005
2010
2015
2016
Merchandise exports
359
429
483
(e) 510
Merchandise imports
1 604
1 569
1 618
(e) 1 650
Merchandise trade balance
-1 245
-1 140
-1 135
(e) -1 140
Export structure by product group in 2016
(as % of total exports)
2 %2 %68 %68 %7 %7 %23 %23 %
Top 5 partners in 2016
(exports, millions of US$)
1486834292714868342927
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2016
Services exports
1 454
1 638
(e) 1 426
(e) 1 513
Services imports
656
734
(e) 743
(e) 743
Services trade balance
798
904
(e) 683
(e) 770
Services exports by main category ²
(as % of total services)
2005
2010
2015
2016
Transport
2.1
1.6
-
-
Travel
73.8
65.4
(e) 67.7
(e) 69.7
Other services
24.1
33.0
-
-
TRADE INDICES
More data on UNCTADstat
132132114114828284841021028080919192921061061321321391391061069191898991919797100100130130123123114114112112115115110110117117125125121121120120121121118118108108101101979798981001001321148284102809192106132139106918991971001301231141121151101171251211201211181081019798100
ECONOMIC TRENDS
More data on UNCTADstat
+1.4 %
Gross domestic product growth rate in 2016
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
GDP, current
3 897
4 447
4 385
4 504
GDP per capita, current US$
14 223
15 906
15 429
15 803
Real GDP growth, y-on-y, %
4.00
0.30
0.88
1.40
Current account balance, % of GDP
-11.95
-4.91
-5.26
..
Exchange rate (/US$)
2.000
2.000
2.000
2.000
GDP by expenditure in 2015
(as % of total GDP)
80.614.614.037.346.680.614.614.037.346.6
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
-0.2 %
FDI outflows as % of GDP in 2016
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
FDI inflows
390.06
446.34
69.49
228.29
FDI outflows
156.88
342.66
140.93
-11.17
Personal remittances, % of GDP
2.42
1.84
2.50
..
Financial flows trends
(millions of US$)
108.3108.3108.3108.3108.3108.3121.1121.1147.3147.381.981.9114.5114.5101.2101.2138.7138.787.387.394.594.5130.5130.5130.5130.5125.1125.1130.0130.0113.2113.22282286969559559565654854845845844644625525561561547647634234239039022822818518522822892927474108.3108.3108.3121.1147.381.9114.5101.2138.787.394.5130.5130.5125.1130.0113.222869559565484584462556154763423902281852289274FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2016
Balance, % of GDP
-9.14
-3.86
(e) -7.89
(e) -5.94
Balance, % of imports
-16.41
-7.66
(e) -15.35
(e) -11.62
Normalized balance
-0.089
-0.040
(e) -0.083
(e) -0.062
Trade openness ²
(sum of imports and exports as % of GDP)
9695969893939786106101102102
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2016
(as % of total labour force, all sectors)
Male
53%Male 53%Female
47%Female 47%
OTHER INDICATORS
More data on UNCTADstat
0.069 %
Share of the total world merchant fleet in 2016
Maritime transport indicators
 
2005
2010
2015
2016
Merchant fleet, national flag (thousands of DWT)
860 000 000
1 181 127 000
1 114 590 000
1 254 017 000
Liner shipping connectivity index (maximum 2004 = 100 for China)
5.77
4.20
4.86
4.92
Container port throughput (TEU)
..
80 424
(e) 71 468
..
Information economy indicators
(as % of)
2005
2010
2015
2016
Share of ICT goods, % of total exports
4.89
1.51
1.56
..
Share of ICT goods, % of total imports
7.85
6.13
5.45
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 15 September 2017