Expense in Barbados
Barbados: Expense was 28.8% in 2016. ▲ Rising
Expense in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2016, expense in Barbados stood at 28.8%.
That represents a change of down 1.5% on the previous year and up 7.0% over ten years.
Over the whole period, expense in Barbados peaked at 34.0% in 2009 and was at its lowest, 25.8%, in 2004.
That places Barbados 63rd out of 157 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Expense in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 27.0% | — |
| 2004 | 25.8% | -4.4% |
| 2005 | 28.1% | +9.0% |
| 2006 | 26.9% | -4.3% |
| 2007 | 29.2% | +8.7% |
| 2008 | 30.9% | +5.5% |
| 2009 | 34.0% | +10.1% |
| 2010 | 28.7% | -15.6% |
| 2011 | 27.0% | -5.7% |
| 2012 | 29.8% | +10.5% |
| 2013 | 29.3% | -1.7% |
| 2014 | 27.6% | -5.8% |
| 2015 | 29.2% | +5.6% |
| 2016 | 28.8% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.8% | 25.8% | 34.0% | 7 |
| 2010s | 28.6% | 27.0% | 29.8% | 7 |
Countries ranked near Barbados
- 60 Maldives 29.5% compare
- 61 Mauritius 29.1% compare
- 62 Solomon Islands 28.9% compare
- 64 Costa Rica 28.6% compare
- 65 Belarus 28.5% compare
- 66 Republic of Korea 28.3% compare
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)
- GNI, Atlas method (current US$), annual growth rate 6.82 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9546 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 27,077 current US$ per person (2025)
- GNI (current US$), annual growth rate 5.1 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9592 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 27,208 current US$ per person (2025)
- GNI (current LCU), annual growth rate 5.11 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.92 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is expense in Barbados?
- Expense in Barbados was 28.8% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Barbados?
- The highest recorded value was 34.0% in 2009.
- What is the lowest expense recorded in Barbados?
- The lowest recorded value was 25.8% in 2004.
- How does Barbados rank for expense?
- Barbados ranks 63rd out of 157 countries with data for 2016.
- Is expense rising or falling in Barbados?
- Over the last ten years it is up 7.0%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.