Gross domestic product (GDP) in Barbados
Barbados: Gross domestic product (GDP) was 3.41 billion international-$ in 2011 prices in 2022. ▲ Rising
Latest (2022)
3.41 billion international-$ in 2011 prices
Change on year
up 11.3%
World rank
159th
of 166 countries
All-time high
3.64 billion international-$ in 2011 prices
in 2007
All-time low
715.29 million international-$ in 2011 prices
in 1950
Years of data
73
1950–2022
Gross domestic product (GDP) in Barbados, 1950–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Barbados recorded 3.41 billion international-$ in 2011 prices for gross domestic product (gdp) in 2022.
The figure is up 11.3% on the previous year and down 0.2% over ten years.
Over the whole period, gross domestic product (gdp) in Barbados peaked at 3.64 billion international-$ in 2011 prices in 2007 and was at its lowest, 715.29 million international-$ in 2011 prices, in 1950.
Barbados ranks 159th of 166 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 73 years of available data.
Gross domestic product (GDP) in Barbados, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1950 | 715.29 million international-$ in 2011 prices | — |
| 1951 | 755.29 million international-$ in 2011 prices | +5.6% |
| 1952 | 796.79 million international-$ in 2011 prices | +5.5% |
| 1953 | 840.46 million international-$ in 2011 prices | +5.5% |
| 1954 | 888.08 million international-$ in 2011 prices | +5.7% |
| 1955 | 938.19 million international-$ in 2011 prices | +5.6% |
| 1956 | 992.14 million international-$ in 2011 prices | +5.8% |
| 1957 | 1.05 billion international-$ in 2011 prices | +5.8% |
| 1958 | 1.11 billion international-$ in 2011 prices | +5.4% |
| 1959 | 1.17 billion international-$ in 2011 prices | +5.4% |
| 1960 | 1.23 billion international-$ in 2011 prices | +5.7% |
| 1961 | 1.31 billion international-$ in 2011 prices | +6.0% |
| 1962 | 1.36 billion international-$ in 2011 prices | +3.8% |
| 1963 | 1.39 billion international-$ in 2011 prices | +2.7% |
| 1964 | 1.48 billion international-$ in 2011 prices | +6.2% |
| 1965 | 1.52 billion international-$ in 2011 prices | +2.7% |
| 1966 | 1.62 billion international-$ in 2011 prices | +6.7% |
| 1967 | 1.78 billion international-$ in 2011 prices | +9.9% |
| 1968 | 2.02 billion international-$ in 2011 prices | +13.5% |
| 1969 | 2.21 billion international-$ in 2011 prices | +9.2% |
| 1970 | 2.44 billion international-$ in 2011 prices | +10.3% |
| 1971 | 2.53 billion international-$ in 2011 prices | +4.0% |
| 1972 | 2.56 billion international-$ in 2011 prices | +0.9% |
| 1973 | 2.59 billion international-$ in 2011 prices | +1.5% |
| 1974 | 2.48 billion international-$ in 2011 prices | -4.4% |
| 1975 | 2.43 billion international-$ in 2011 prices | -2.1% |
| 1976 | 2.54 billion international-$ in 2011 prices | +4.5% |
| 1977 | 2.62 billion international-$ in 2011 prices | +3.5% |
| 1978 | 2.75 billion international-$ in 2011 prices | +4.9% |
| 1979 | 2.97 billion international-$ in 2011 prices | +7.9% |
| 1980 | 3.10 billion international-$ in 2011 prices | +4.5% |
| 1981 | 3.04 billion international-$ in 2011 prices | -2.1% |
| 1982 | 2.89 billion international-$ in 2011 prices | -4.9% |
| 1983 | 2.91 billion international-$ in 2011 prices | +0.7% |
| 1984 | 3.01 billion international-$ in 2011 prices | +3.5% |
| 1985 | 3.04 billion international-$ in 2011 prices | +1.0% |
| 1986 | 3.20 billion international-$ in 2011 prices | +5.1% |
| 1987 | 3.28 billion international-$ in 2011 prices | +2.6% |
| 1988 | 3.40 billion international-$ in 2011 prices | +3.6% |
| 1989 | 3.52 billion international-$ in 2011 prices | +3.5% |
| 1990 | 3.40 billion international-$ in 2011 prices | -3.4% |
| 1991 | 3.23 billion international-$ in 2011 prices | -5.0% |
| 1992 | 3.03 billion international-$ in 2011 prices | -6.4% |
| 1993 | 3.02 billion international-$ in 2011 prices | -0.4% |
| 1994 | 3.05 billion international-$ in 2011 prices | +0.9% |
| 1995 | 3.07 billion international-$ in 2011 prices | +1.0% |
| 1996 | 3.16 billion international-$ in 2011 prices | +2.9% |
| 1997 | 3.27 billion international-$ in 2011 prices | +3.5% |
| 1998 | 3.36 billion international-$ in 2011 prices | +2.5% |
| 1999 | 3.34 billion international-$ in 2011 prices | -0.5% |
| 2000 | 3.45 billion international-$ in 2011 prices | +3.3% |
| 2001 | 3.33 billion international-$ in 2011 prices | -3.5% |
| 2002 | 3.32 billion international-$ in 2011 prices | -0.4% |
| 2003 | 3.36 billion international-$ in 2011 prices | +1.3% |
| 2004 | 3.37 billion international-$ in 2011 prices | +0.2% |
| 2005 | 3.47 billion international-$ in 2011 prices | +2.9% |
| 2006 | 3.62 billion international-$ in 2011 prices | +4.5% |
| 2007 | 3.64 billion international-$ in 2011 prices | +0.6% |
| 2008 | 3.62 billion international-$ in 2011 prices | -0.7% |
| 2009 | 3.45 billion international-$ in 2011 prices | -4.7% |
| 2010 | 3.42 billion international-$ in 2011 prices | -0.8% |
| 2011 | 3.41 billion international-$ in 2011 prices | -0.4% |
| 2012 | 3.42 billion international-$ in 2011 prices | +0.3% |
| 2013 | 3.41 billion international-$ in 2011 prices | -0.1% |
| 2014 | 3.42 billion international-$ in 2011 prices | +0.1% |
| 2015 | 3.45 billion international-$ in 2011 prices | +0.9% |
| 2016 | 3.53 billion international-$ in 2011 prices | +2.3% |
| 2017 | 3.55 billion international-$ in 2011 prices | +0.7% |
| 2018 | 3.53 billion international-$ in 2011 prices | -0.8% |
| 2019 | 3.54 billion international-$ in 2011 prices | +0.3% |
| 2020 | 3.09 billion international-$ in 2011 prices | -12.7% |
| 2021 | 3.06 billion international-$ in 2011 prices | -0.8% |
| 2022 | 3.41 billion international-$ in 2011 prices | +11.3% |
Barbados compared with similar countries
- Barbados's 3.41 billion international-$ in 2011 prices is below the median for high income countries, which is 308.39 billion international-$ in 2011 prices, 1% of the median. (55 countries reporting)
- Barbados's 3.41 billion international-$ in 2011 prices is below the median for Latin America & Caribbean, which is 82.25 billion international-$ in 2011 prices, 4% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 925.04 million international-$ in 2011 prices | 715.29 million international-$ in 2011 prices | 1.17 billion international-$ in 2011 prices | 10 |
| 1960s | 1.59 billion international-$ in 2011 prices | 1.23 billion international-$ in 2011 prices | 2.21 billion international-$ in 2011 prices | 10 |
| 1970s | 2.59 billion international-$ in 2011 prices | 2.43 billion international-$ in 2011 prices | 2.97 billion international-$ in 2011 prices | 10 |
| 1980s | 3.14 billion international-$ in 2011 prices | 2.89 billion international-$ in 2011 prices | 3.52 billion international-$ in 2011 prices | 10 |
| 1990s | 3.19 billion international-$ in 2011 prices | 3.02 billion international-$ in 2011 prices | 3.40 billion international-$ in 2011 prices | 10 |
| 2000s | 3.46 billion international-$ in 2011 prices | 3.32 billion international-$ in 2011 prices | 3.64 billion international-$ in 2011 prices | 10 |
| 2010s | 3.47 billion international-$ in 2011 prices | 3.41 billion international-$ in 2011 prices | 3.55 billion international-$ in 2011 prices | 10 |
| 2020s | 3.18 billion international-$ in 2011 prices | 3.06 billion international-$ in 2011 prices | 3.41 billion international-$ in 2011 prices | 3 |
Countries ranked near Barbados
- 156 Cape Verde 4.25 billion international-$ in 2011 prices compare
- 157 Liberia 4.23 billion international-$ in 2011 prices compare
- 158 Central African Republic 3.75 billion international-$ in 2011 prices compare
- 160 Djibouti 3.40 billion international-$ in 2011 prices compare
- 161 Guinea-Bissau 3.26 billion international-$ in 2011 prices compare
- 162 Seychelles 3.05 billion international-$ in 2011 prices 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)
- 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Barbados?
- Gross domestic product (gdp) in Barbados was 3.41 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Barbados?
- The highest recorded value was 3.64 billion international-$ in 2011 prices in 2007.
- What is the lowest gross domestic product (gdp) recorded in Barbados?
- The lowest recorded value was 715.29 million international-$ in 2011 prices in 1950.
- How does Barbados rank for gross domestic product (gdp)?
- Barbados ranks 159th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Barbados?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.