Annual GDP growth (%) in Barbados
Barbados: Annual GDP growth (%) was 2.5% in 2024. ◆ Volatile
Annual GDP growth in Barbados, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Barbados stood at 2.5%.
Compared with earlier readings it is down 14.8% on the previous year and up 229.8% over ten years.
Over the whole period, annual gdp growth in Barbados peaked at 17.2% in 2022 and was at its lowest, -14.4%, in 2020.
That places Barbados 143rd out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.4% | — |
| 2001 | -2.4% | -153.2% |
| 2002 | 0.8% | -133.3% |
| 2003 | 2.2% | +176.3% |
| 2004 | 1.4% | -35.1% |
| 2005 | 4.0% | +180.2% |
| 2006 | 6.1% | +53.5% |
| 2007 | 2.1% | -65.7% |
| 2008 | 0.6% | -69.5% |
| 2009 | -5.0% | -892.0% |
| 2010 | -2.2% | -55.8% |
| 2011 | -0.3% | -86.0% |
| 2012 | -3.4% | +1000.1% |
| 2013 | -1.8% | -48.1% |
| 2014 | 0.8% | -142.5% |
| 2015 | -1.2% | -255.5% |
| 2016 | 1.5% | -227.9% |
| 2017 | 0.7% | -52.7% |
| 2018 | -1.3% | -280.1% |
| 2019 | 0.2% | -117.8% |
| 2020 | -14.4% | -6408.3% |
| 2021 | -0.1% | -99.3% |
| 2022 | 17.2% | -17900.0% |
| 2023 | 2.9% | -83.1% |
| 2024 | 2.5% | -14.8% |
Barbados compared with similar countries
- Barbados's 2.5% is above the median for high income countries, which is 2.1%, 1.2× the median. (80 countries reporting)
- Barbados's 2.5% is below the median for Latin America & Caribbean, which is 3.3%, 75% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +17900.0% | -0.1% | 17.2% |
| 2020 | -6408.3% | 0.2% | -14.4% |
| 2012 | -1000.1% | -0.3% | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | -5.0% | 6.1% | 10 |
| 2010s | -0.7% | -3.4% | 1.5% | 10 |
| 2020s | 1.6% | -14.4% | 17.2% | 5 |
Countries ranked near Barbados
More economy & growth data for Barbados
- Real gdp growth, annual growth rate 85.61 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Barbados?
- Annual gdp growth in Barbados was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Barbados?
- The highest recorded value was 17.2% in 2022.
- What is the lowest annual gdp growth recorded in Barbados?
- The lowest recorded value was -14.4% in 2020.
- How does Barbados rank for annual gdp growth?
- Barbados ranks 143rd out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Barbados?
- Over the last ten years it is up 229.8%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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