Annual GDP growth in Barbados
Barbados: Annual GDP growth was 2.5% in 2024. ◆ Volatile
Annual GDP growth in Barbados, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Barbados is 2.5%, measured in 2024.
Compared with earlier readings it is down 14.8% on the previous year and up 230.7% 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 134th out of 212 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 | 4.5% | — |
| 2001 | -2.4% | -153.3% |
| 2002 | 0.8% | -133.3% |
| 2003 | 2.2% | +175.9% |
| 2004 | 1.4% | -35.3% |
| 2005 | 4.0% | +180.9% |
| 2006 | 6.1% | +53.3% |
| 2007 | 2.1% | -65.7% |
| 2008 | 0.6% | -69.7% |
| 2009 | -5.0% | -896.8% |
| 2010 | -2.2% | -55.8% |
| 2011 | -0.3% | -86.0% |
| 2012 | -3.4% | +1000.0% |
| 2013 | -1.8% | -48.1% |
| 2014 | 0.8% | -142.4% |
| 2015 | -1.2% | -256.0% |
| 2016 | 1.5% | -228.2% |
| 2017 | 0.7% | -52.7% |
| 2018 | -1.3% | -280.3% |
| 2019 | 0.2% | -118.0% |
| 2020 | -14.4% | -6343.5% |
| 2021 | -0.1% | -99.3% |
| 2022 | 17.2% | -17330.0% |
| 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. (83 countries reporting)
- Barbados's 2.5% is below the median for Latin America & Caribbean, which is 3.3%, 75% of the median. (41 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 | +17330.0% | -0.1% | 17.2% |
| 2020 | -6343.5% | 0.2% | -14.4% |
| 2012 | -1000.0% | -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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is annual gdp growth in Barbados?
- Annual gdp growth in Barbados was 2.5% in 2024, according to World Bank – processed by Our World in Data.
- 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 134th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Barbados?
- Over the last ten years it is up 230.7%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).