Divergence of GDP per capita among latecomers to the capitalist revolution in Barbados
Barbados: Divergence of GDP per capita among latecomers to the capitalist revolution was 11,995 2011$ in 2018. ▲ Rising
Latest (2018)
11,995 2011$
Change on year
down 0.5%
World rank
77th
of 145 countries
All-time high
13,498 2011$
in 1989
All-time low
3,390 2011$
in 1950
Years of data
69
1950–2018
Divergence of GDP per capita among latecomers to the capitalist revolution in Barbados, 1950–2018
Source: Maddison Project Database (2018) – processed by Our World in Data. Measured in 2011$.
Analysis
In 2018, divergence of gdp per capita among latecomers to the capitalist revolution in Barbados stood at 11,995 2011$.
Compared with earlier readings it is down 0.5% on the previous year and down 6.2% over ten years.
Over the whole period, divergence of gdp per capita among latecomers to the capitalist revolution in Barbados peaked at 13,498 2011$ in 1989 and was at its lowest, 3,390 2011$, in 1950.
That places Barbados 77th out of 145 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 69 years of available data.
Divergence of GDP per capita among latecomers to the capitalist revolution in Barbados, year by year
| Year | 2011$ | Change |
|---|---|---|
| 1950 | 3,390 2011$ | — |
| 1951 | 3,513 2011$ | +3.6% |
| 1952 | 3,655 2011$ | +4.0% |
| 1953 | 3,803 2011$ | +4.0% |
| 1954 | 3,947 2011$ | +3.8% |
| 1955 | 4,133 2011$ | +4.7% |
| 1956 | 4,390 2011$ | +6.2% |
| 1957 | 4,646 2011$ | +5.8% |
| 1958 | 4,855 2011$ | +4.5% |
| 1959 | 5,053 2011$ | +4.1% |
| 1960 | 5,316 2011$ | +5.2% |
| 1961 | 5,683 2011$ | +6.9% |
| 1962 | 5,923 2011$ | +4.2% |
| 1963 | 6,033 2011$ | +1.9% |
| 1964 | 6,355 2011$ | +5.3% |
| 1965 | 6,468 2011$ | +1.8% |
| 1966 | 6,873 2011$ | +6.3% |
| 1967 | 7,492 2011$ | +9.0% |
| 1968 | 8,429 2011$ | +12.5% |
| 1969 | 9,247 2011$ | +9.7% |
| 1970 | 10,197 2011$ | +10.3% |
| 1971 | 10,514 2011$ | +3.1% |
| 1972 | 10,567 2011$ | +0.5% |
| 1973 | 10,635 2011$ | +0.6% |
| 1974 | 10,080 2011$ | -5.2% |
| 1975 | 9,825 2011$ | -2.5% |
| 1976 | 10,222 2011$ | +4.0% |
| 1977 | 10,541 2011$ | +3.1% |
| 1978 | 11,014 2011$ | +4.5% |
| 1979 | 11,837 2011$ | +7.5% |
| 1980 | 12,318 2011$ | +4.1% |
| 1981 | 12,065 2011$ | -2.1% |
| 1982 | 11,424 2011$ | -5.3% |
| 1983 | 11,419 2011$ | -0.0% |
| 1984 | 11,772 2011$ | +3.1% |
| 1985 | 11,848 2011$ | +0.6% |
| 1986 | 12,404 2011$ | +4.7% |
| 1987 | 12,683 2011$ | +2.2% |
| 1988 | 13,087 2011$ | +3.2% |
| 1989 | 13,498 2011$ | +3.1% |
| 1990 | 12,994 2011$ | -3.7% |
| 1991 | 12,298 2011$ | -5.4% |
| 1992 | 11,427 2011$ | -7.1% |
| 1993 | 11,344 2011$ | -0.7% |
| 1994 | 11,406 2011$ | +0.5% |
| 1995 | 11,474 2011$ | +0.6% |
| 1996 | 11,761 2011$ | +2.5% |
| 1997 | 12,124 2011$ | +3.1% |
| 1998 | 12,385 2011$ | +2.1% |
| 1999 | 12,238 2011$ | -1.2% |
| 2000 | 12,600 2011$ | +3.0% |
| 2001 | 12,112 2011$ | -3.9% |
| 2002 | 12,026 2011$ | -0.7% |
| 2003 | 12,095 2011$ | +0.6% |
| 2004 | 12,079 2011$ | -0.1% |
| 2005 | 12,380 2011$ | +2.5% |
| 2006 | 12,890 2011$ | +4.1% |
| 2007 | 12,917 2011$ | +0.2% |
| 2008 | 12,786 2011$ | -1.0% |
| 2009 | 12,094 2011$ | -5.4% |
| 2010 | 11,954 2011$ | -1.2% |
| 2011 | 11,870 2011$ | -0.7% |
| 2012 | 11,860 2011$ | -0.1% |
| 2013 | 11,809 2011$ | -0.4% |
| 2014 | 11,780 2011$ | -0.2% |
| 2015 | 11,849 2011$ | +0.6% |
| 2016 | 12,003 2011$ | +1.3% |
| 2017 | 12,061 2011$ | +0.5% |
| 2018 | 11,995 2011$ | -0.5% |
Barbados compared with similar countries
- Barbados's 11,995 2011$ is below the median for high income countries, which is 35,336 2011$, 34% of the median. (51 countries reporting)
- Barbados's 11,995 2011$ is below the median for Latin America & Caribbean, which is 12,153 2011$, 99% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 4,138 2011$ | 3,390 2011$ | 5,053 2011$ | 10 |
| 1960s | 6,782 2011$ | 5,316 2011$ | 9,247 2011$ | 10 |
| 1970s | 10,543 2011$ | 9,825 2011$ | 11,837 2011$ | 10 |
| 1980s | 12,252 2011$ | 11,419 2011$ | 13,498 2011$ | 10 |
| 1990s | 11,945 2011$ | 11,344 2011$ | 12,994 2011$ | 10 |
| 2000s | 12,398 2011$ | 12,026 2011$ | 12,917 2011$ | 10 |
| 2010s | 11,909 2011$ | 11,780 2011$ | 12,061 2011$ | 9 |
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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is divergence of gdp per capita among latecomers to the capitalist revolution in Barbados?
- Divergence of gdp per capita among latecomers to the capitalist revolution in Barbados was 11,995 2011$ in 2018, according to Maddison Project Database (2018) – processed by Our World in Data.
- What is the highest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Barbados?
- The highest recorded value was 13,498 2011$ in 1989.
- What is the lowest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Barbados?
- The lowest recorded value was 3,390 2011$ in 1950.
- How does Barbados rank for divergence of gdp per capita among latecomers to the capitalist revolution?
- Barbados ranks 77th out of 145 countries with data for 2018.
- Is divergence of gdp per capita among latecomers to the capitalist revolution rising or falling in Barbados?
- Over the last ten years it is down 6.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Maddison Project Database (2018) – processed by Our World in Data, published as part of Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid updates them automatically from the source API.
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About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]