Current account balance as a proportion of GDP (%) in Barbados
Barbados: Current account balance as a proportion of GDP (%) was -5.2% in 2017. ▲ Rising
Current account balance as a proportion of GDP in Barbados, 2000–2017
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Barbados is -5.2%, measured in 2017.
Compared with earlier readings it is up 34.6% on the previous year and up 29.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Barbados peaked at -1.7% in 2015 and was at its lowest, -13.0%, in 2005.
That places Barbados 150th out of 205 countries with data for 2017, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Current account balance as a proportion of GDP (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.3% | — |
| 2001 | -3.6% | +9.0% |
| 2002 | -4.7% | +28.0% |
| 2003 | -5.9% | +25.8% |
| 2004 | -12.7% | +116.5% |
| 2005 | -13.0% | +2.2% |
| 2006 | -10.5% | -19.2% |
| 2007 | -7.4% | -29.2% |
| 2008 | -9.0% | +21.4% |
| 2009 | -8.5% | -5.4% |
| 2010 | -4.8% | -43.7% |
| 2011 | -3.1% | -36.1% |
| 2012 | -7.8% | +153.9% |
| 2013 | -4.5% | -42.8% |
| 2014 | -11.5% | +157.8% |
| 2015 | -1.7% | -84.9% |
| 2016 | -8.0% | +360.1% |
| 2017 | -5.2% | -34.6% |
Barbados compared with similar countries
- Barbados's -5.2% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- Barbados's -5.2% is below the median for Latin America & Caribbean, which is -1.6%, 3.2× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2016 | -360.1% | -1.7% | -8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.9% | -13.0% | -3.3% | 10 |
| 2010s | -5.8% | -11.5% | -1.7% | 8 |
Countries ranked near Barbados
- 147 New Zealand -4.7% compare
- 148 Uzbekistan -5.0% compare
- 149 Burkina Faso -5.1% compare
- 151 Georgia -5.2% compare
- 152 Madagascar -5.4% compare
- 153 Egypt -5.7% compare
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 current account balance as a proportion of gdp in Barbados?
- Current account balance as a proportion of gdp in Barbados was -5.2% in 2017, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Barbados?
- The highest recorded value was -1.7% in 2015.
- What is the lowest current account balance as a proportion of gdp recorded in Barbados?
- The lowest recorded value was -13.0% in 2005.
- How does Barbados rank for current account balance as a proportion of gdp?
- Barbados ranks 150th out of 205 countries with data for 2017.
- Is current account balance as a proportion of gdp rising or falling in Barbados?
- Over the last ten years it is up 29.8%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under UN SDG Global Database (open, attribution requested).