Current account balance in Barbados
Barbados: Current account balance was -5.1% in 2017. ◆ Volatile
Current account balance in Barbados, 1967–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Barbados recorded -5.1% for current account balance in 2017.
That represents a change of up 36.4% on the previous year and up 31.8% over ten years.
Over the whole period, current account balance in Barbados peaked at 7.5% in 1992 and was at its lowest, -28.0%, in 1969.
That places Barbados 146th out of 200 countries with data for 2017, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | -14.5% | — |
| 1968 | -21.0% | +44.3% |
| 1969 | -28.0% | +33.4% |
| 1970 | -27.8% | -0.7% |
| 1971 | -22.7% | -18.2% |
| 1972 | -21.7% | -4.3% |
| 1973 | -19.4% | -11.0% |
| 1974 | -18.5% | -4.5% |
| 1975 | -11.5% | -37.9% |
| 1976 | -16.0% | +39.6% |
| 1977 | -9.6% | -40.2% |
| 1978 | -4.3% | -55.4% |
| 1979 | -6.3% | +46.9% |
| 1980 | -6.0% | -4.0% |
| 1981 | -11.9% | +96.5% |
| 1982 | -6.9% | -42.2% |
| 1983 | -7.1% | +3.5% |
| 1984 | -2.4% | -65.7% |
| 1985 | -0.4% | -84.6% |
| 1986 | 2.6% | -796.8% |
| 1987 | -0.4% | -117.2% |
| 1988 | 3.1% | -782.7% |
| 1989 | 1.4% | -52.8% |
| 1990 | -0.4% | -124.5% |
| 1991 | -1.0% | +172.1% |
| 1992 | 7.5% | -874.8% |
| 1993 | 4.1% | -44.8% |
| 1994 | 6.2% | +51.2% |
| 1995 | 0.0% | -99.3% |
| 1996 | 6.0% | +14008.4% |
| 1997 | -3.2% | -153.8% |
| 1998 | -3.8% | +17.5% |
| 1999 | -4.5% | +18.9% |
| 2000 | -3.3% | -25.5% |
| 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 | -5.0% | -41.2% |
| 2011 | -3.1% | -37.8% |
| 2012 | -8.2% | +161.9% |
| 2013 | -4.5% | -45.4% |
| 2014 | -11.4% | +154.6% |
| 2015 | -1.7% | -84.7% |
| 2016 | -8.0% | +359.9% |
| 2017 | -5.1% | -36.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -21.2% | -28.0% | -14.5% | 3 |
| 1970s | -15.8% | -27.8% | -4.3% | 10 |
| 1980s | -2.8% | -11.9% | 3.1% | 10 |
| 1990s | 1.1% | -4.5% | 7.5% | 10 |
| 2000s | -7.9% | -13.0% | -3.3% | 10 |
| 2010s | -5.9% | -11.4% | -1.7% | 8 |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0495 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 1,331 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.099 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 2,663 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0424 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 1,139 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 2,645 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 4.5 % change on previous year (2024)
Frequently asked questions
- What is current account balance in Barbados?
- Current account balance in Barbados was -5.1% in 2017, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Barbados?
- The highest recorded value was 7.5% in 1992.
- What is the lowest current account balance recorded in Barbados?
- The lowest recorded value was -28.0% in 1969.
- How does Barbados rank for current account balance?
- Barbados ranks 146th out of 200 countries with data for 2017.
- Is current account balance rising or falling in Barbados?
- Over the last ten years it is up 31.8%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.