Gross domestic product (GDP) in Barbados
Barbados: Gross domestic product (GDP) was 3.06 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
3.06 billion international-$ in 2021 prices
Change on year
up 9.8%
World rank
173rd
of 184 countries
All-time high
7.32 billion international-$ in 2021 prices
in 1996
All-time low
2.36 billion international-$ in 2021 prices
in 1960
Years of data
64
1960–2023
Gross domestic product (GDP) in Barbados, 1960–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Barbados recorded 3.06 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023.
The figure is up 9.8% on the previous year and down 26.9% over ten years.
Over the whole period, gross domestic product (gdp) in Barbados peaked at 7.32 billion international-$ in 2021 prices in 1996 and was at its lowest, 2.36 billion international-$ in 2021 prices, in 1960.
Barbados ranks 173rd of 184 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 64 years of available data.
Gross domestic product (GDP) in Barbados, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1960 | 2.36 billion international-$ in 2021 prices | — |
| 1961 | 2.42 billion international-$ in 2021 prices | +2.6% |
| 1962 | 2.49 billion international-$ in 2021 prices | +3.0% |
| 1963 | 2.46 billion international-$ in 2021 prices | -1.2% |
| 1964 | 2.47 billion international-$ in 2021 prices | +0.3% |
| 1965 | 2.59 billion international-$ in 2021 prices | +4.9% |
| 1966 | 2.74 billion international-$ in 2021 prices | +5.9% |
| 1967 | 3.04 billion international-$ in 2021 prices | +10.9% |
| 1968 | 3.16 billion international-$ in 2021 prices | +3.9% |
| 1969 | 3.64 billion international-$ in 2021 prices | +15.1% |
| 1970 | 4.01 billion international-$ in 2021 prices | +10.3% |
| 1971 | 4.15 billion international-$ in 2021 prices | +3.4% |
| 1972 | 4.23 billion international-$ in 2021 prices | +1.9% |
| 1973 | 4.12 billion international-$ in 2021 prices | -2.6% |
| 1974 | 3.73 billion international-$ in 2021 prices | -9.6% |
| 1975 | 4.42 billion international-$ in 2021 prices | +18.6% |
| 1976 | 3.49 billion international-$ in 2021 prices | -21.1% |
| 1977 | 3.54 billion international-$ in 2021 prices | +1.5% |
| 1978 | 3.37 billion international-$ in 2021 prices | -4.7% |
| 1979 | 3.56 billion international-$ in 2021 prices | +5.6% |
| 1980 | 3.51 billion international-$ in 2021 prices | -1.3% |
| 1981 | 3.48 billion international-$ in 2021 prices | -0.9% |
| 1982 | 3.53 billion international-$ in 2021 prices | +1.4% |
| 1983 | 3.64 billion international-$ in 2021 prices | +3.1% |
| 1984 | 3.76 billion international-$ in 2021 prices | +3.2% |
| 1985 | 3.31 billion international-$ in 2021 prices | -11.8% |
| 1986 | 3.86 billion international-$ in 2021 prices | +16.4% |
| 1987 | 4.20 billion international-$ in 2021 prices | +8.9% |
| 1988 | 4.41 billion international-$ in 2021 prices | +4.9% |
| 1989 | 4.75 billion international-$ in 2021 prices | +7.8% |
| 1990 | 4.48 billion international-$ in 2021 prices | -5.8% |
| 1991 | 4.73 billion international-$ in 2021 prices | +5.7% |
| 1992 | 3.59 billion international-$ in 2021 prices | -24.1% |
| 1993 | 3.79 billion international-$ in 2021 prices | +5.5% |
| 1994 | 6.25 billion international-$ in 2021 prices | +65.0% |
| 1995 | 6.83 billion international-$ in 2021 prices | +9.2% |
| 1996 | 7.32 billion international-$ in 2021 prices | +7.1% |
| 1997 | 6.73 billion international-$ in 2021 prices | -8.0% |
| 1998 | 6.95 billion international-$ in 2021 prices | +3.2% |
| 1999 | 6.82 billion international-$ in 2021 prices | -1.9% |
| 2000 | 6.60 billion international-$ in 2021 prices | -3.1% |
| 2001 | 6.41 billion international-$ in 2021 prices | -3.0% |
| 2002 | 6.31 billion international-$ in 2021 prices | -1.5% |
| 2003 | 5.72 billion international-$ in 2021 prices | -9.3% |
| 2004 | 5.90 billion international-$ in 2021 prices | +3.0% |
| 2005 | 5.89 billion international-$ in 2021 prices | -0.0% |
| 2006 | 5.51 billion international-$ in 2021 prices | -6.5% |
| 2007 | 6.16 billion international-$ in 2021 prices | +11.7% |
| 2008 | 5.87 billion international-$ in 2021 prices | -4.7% |
| 2009 | 5.34 billion international-$ in 2021 prices | -8.9% |
| 2010 | 5.38 billion international-$ in 2021 prices | +0.7% |
| 2011 | 5.01 billion international-$ in 2021 prices | -6.9% |
| 2012 | 4.58 billion international-$ in 2021 prices | -8.6% |
| 2013 | 4.18 billion international-$ in 2021 prices | -8.7% |
| 2014 | 4.18 billion international-$ in 2021 prices | -0.1% |
| 2015 | 3.87 billion international-$ in 2021 prices | -7.4% |
| 2016 | 3.72 billion international-$ in 2021 prices | -3.7% |
| 2017 | 3.60 billion international-$ in 2021 prices | -3.2% |
| 2018 | 3.25 billion international-$ in 2021 prices | -9.8% |
| 2019 | 3.10 billion international-$ in 2021 prices | -4.6% |
| 2020 | 2.96 billion international-$ in 2021 prices | -4.5% |
| 2021 | 2.63 billion international-$ in 2021 prices | -11.1% |
| 2022 | 2.79 billion international-$ in 2021 prices | +5.8% |
| 2023 | 3.06 billion international-$ in 2021 prices | +9.8% |
Barbados compared with similar countries
- Barbados's 3.06 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 1% of the median. (66 countries reporting)
- Barbados's 3.06 billion international-$ in 2021 prices is below the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 7% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (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 |
|---|---|---|---|
| 1994 | +65.0% | 3.79 billion international-$ in 2021 prices | 6.25 billion international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.74 billion international-$ in 2021 prices | 2.36 billion international-$ in 2021 prices | 3.64 billion international-$ in 2021 prices | 10 |
| 1970s | 3.86 billion international-$ in 2021 prices | 3.37 billion international-$ in 2021 prices | 4.42 billion international-$ in 2021 prices | 10 |
| 1980s | 3.84 billion international-$ in 2021 prices | 3.31 billion international-$ in 2021 prices | 4.75 billion international-$ in 2021 prices | 10 |
| 1990s | 5.75 billion international-$ in 2021 prices | 3.59 billion international-$ in 2021 prices | 7.32 billion international-$ in 2021 prices | 10 |
| 2000s | 5.97 billion international-$ in 2021 prices | 5.34 billion international-$ in 2021 prices | 6.60 billion international-$ in 2021 prices | 10 |
| 2010s | 4.09 billion international-$ in 2021 prices | 3.10 billion international-$ in 2021 prices | 5.38 billion international-$ in 2021 prices | 10 |
| 2020s | 2.86 billion international-$ in 2021 prices | 2.63 billion international-$ in 2021 prices | 3.06 billion international-$ in 2021 prices | 4 |
Countries ranked near Barbados
- 170 Curacao 4.16 billion international-$ in 2021 prices compare
- 171 Bermuda 4.02 billion international-$ in 2021 prices compare
- 172 Comoros 3.25 billion international-$ in 2021 prices compare
- 174 Seychelles 2.87 billion international-$ in 2021 prices compare
- 175 Sint Maarten (Dutch part) 1.82 billion international-$ in 2021 prices compare
- 176 Grenada 1.79 billion international-$ in 2021 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Barbados?
- Gross domestic product (gdp) in Barbados was 3.06 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Barbados?
- The highest recorded value was 7.32 billion international-$ in 2021 prices in 1996.
- What is the lowest gross domestic product (gdp) recorded in Barbados?
- The lowest recorded value was 2.36 billion international-$ in 2021 prices in 1960.
- How does Barbados rank for gross domestic product (gdp)?
- Barbados ranks 173rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Barbados?
- Over the last ten years it is down 26.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.