Gross domestic product (GDP), annual growth rate (Bolt) in Barbados
Barbados: Gross domestic product (GDP), annual growth rate (Bolt) was 11.33 % change on previous year in 2022. ◆ Volatile
Latest (2022)
11.33 % change on previous year
Change on year
up 1,547.9%
World rank
4th
of 166 countries
All-time high
13.45 % change on previous year
in 1968
All-time low
-12.74 % change on previous year
in 2020
Years of data
72
1951–2022
Gross domestic product (GDP), annual growth rate in Barbados, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, gross domestic product (gdp), annual growth rate in Barbados stood at 11.33 % change on previous year.
Compared with earlier readings it is up 1,547.9% on the previous year and up 4,194.9% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Barbados peaked at 13.45 % change on previous year in 1968 and was at its lowest, -12.74 % change on previous year, in 2020.
Barbados ranks 4th of 166 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Barbados, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 5.59 % change on previous year | — |
| 1952 | 5.49 % change on previous year | -1.8% |
| 1953 | 5.48 % change on previous year | -0.2% |
| 1954 | 5.66 % change on previous year | +3.4% |
| 1955 | 5.64 % change on previous year | -0.4% |
| 1956 | 5.75 % change on previous year | +1.9% |
| 1957 | 5.83 % change on previous year | +1.4% |
| 1958 | 5.42 % change on previous year | -7.0% |
| 1959 | 5.45 % change on previous year | +0.5% |
| 1960 | 5.66 % change on previous year | +3.9% |
| 1961 | 5.98 % change on previous year | +5.7% |
| 1962 | 3.77 % change on previous year | -37.0% |
| 1963 | 2.75 % change on previous year | -27.2% |
| 1964 | 6.25 % change on previous year | +127.6% |
| 1965 | 2.65 % change on previous year | -57.6% |
| 1966 | 6.71 % change on previous year | +153.2% |
| 1967 | 9.93 % change on previous year | +47.9% |
| 1968 | 13.45 % change on previous year | +35.5% |
| 1969 | 9.25 % change on previous year | -31.3% |
| 1970 | 10.27 % change on previous year | +11.1% |
| 1971 | 3.97 % change on previous year | -61.3% |
| 1972 | 0.9211 % change on previous year | -76.8% |
| 1973 | 1.48 % change on previous year | +60.2% |
| 1974 | -4.44 % change on previous year | -401.0% |
| 1975 | -2.13 % change on previous year | -52.0% |
| 1976 | 4.46 % change on previous year | -309.1% |
| 1977 | 3.54 % change on previous year | -20.7% |
| 1978 | 4.91 % change on previous year | +38.8% |
| 1979 | 7.9 % change on previous year | +61.0% |
| 1980 | 4.48 % change on previous year | -43.3% |
| 1981 | -2.05 % change on previous year | -145.9% |
| 1982 | -4.94 % change on previous year | +140.4% |
| 1983 | 0.7466 % change on previous year | -115.1% |
| 1984 | 3.5 % change on previous year | +368.1% |
| 1985 | 1.04 % change on previous year | -70.3% |
| 1986 | 5.1 % change on previous year | +390.9% |
| 1987 | 2.65 % change on previous year | -48.1% |
| 1988 | 3.58 % change on previous year | +35.5% |
| 1989 | 3.54 % change on previous year | -1.3% |
| 1990 | -3.37 % change on previous year | -195.1% |
| 1991 | -4.99 % change on previous year | +48.3% |
| 1992 | -6.38 % change on previous year | +27.8% |
| 1993 | -0.3576 % change on previous year | -94.4% |
| 1994 | 0.924 % change on previous year | -358.4% |
| 1995 | 0.9756 % change on previous year | +5.6% |
| 1996 | 2.88 % change on previous year | +195.6% |
| 1997 | 3.48 % change on previous year | +20.5% |
| 1998 | 2.52 % change on previous year | -27.4% |
| 1999 | -0.4562 % change on previous year | -118.1% |
| 2000 | 3.34 % change on previous year | -831.3% |
| 2001 | -3.52 % change on previous year | -205.6% |
| 2002 | -0.3549 % change on previous year | -89.9% |
| 2003 | 1.31 % change on previous year | -467.9% |
| 2004 | 0.2263 % change on previous year | -82.7% |
| 2005 | 2.86 % change on previous year | +1162.3% |
| 2006 | 4.5 % change on previous year | +57.3% |
| 2007 | 0.5704 % change on previous year | -87.3% |
| 2008 | -0.6657 % change on previous year | -216.7% |
| 2009 | -4.74 % change on previous year | +612.3% |
| 2010 | -0.8106 % change on previous year | -82.9% |
| 2011 | -0.3583 % change on previous year | -55.8% |
| 2012 | 0.2639 % change on previous year | -173.7% |
| 2013 | -0.0843 % change on previous year | -132.0% |
| 2014 | 0.0996 % change on previous year | -218.2% |
| 2015 | 0.9326 % change on previous year | +836.1% |
| 2016 | 2.33 % change on previous year | +149.5% |
| 2017 | 0.7292 % change on previous year | -68.7% |
| 2018 | -0.7802 % change on previous year | -207.0% |
| 2019 | 0.2637 % change on previous year | -133.8% |
| 2020 | -12.74 % change on previous year | -4930.0% |
| 2021 | -0.7828 % change on previous year | -93.9% |
| 2022 | 11.33 % change on previous year | -1547.9% |
Barbados compared with similar countries
- Barbados's 11.33 % change on previous year is above the median for high income countries, which is 3.67 % change on previous year, 3.1× the median. (55 countries reporting)
- Barbados's 11.33 % change on previous year is above the median for Latin America & Caribbean, which is 3.87 % change on previous year, 2.9× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 2020 | -4930.0% | 0.2637 % change on previous year | -12.74 % change on previous year |
| 2022 | +1547.9% | -0.7828 % change on previous year | 11.33 % change on previous year |
| 2005 | +1162.3% | 0.2263 % change on previous year | 2.86 % change on previous year |
| 2000 | +831.3% | -0.4562 % change on previous year | 3.34 % change on previous year |
| 2015 | +836.1% | 0.0996 % change on previous year | 0.9326 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 5.59 % change on previous year | 5.42 % change on previous year | 5.83 % change on previous year | 9 |
| 1960s | 6.64 % change on previous year | 2.65 % change on previous year | 13.45 % change on previous year | 10 |
| 1970s | 3.09 % change on previous year | -4.44 % change on previous year | 10.27 % change on previous year | 10 |
| 1980s | 1.76 % change on previous year | -4.94 % change on previous year | 5.1 % change on previous year | 10 |
| 1990s | -0.4764 % change on previous year | -6.38 % change on previous year | 3.48 % change on previous year | 10 |
| 2000s | 0.3506 % change on previous year | -4.74 % change on previous year | 4.5 % change on previous year | 10 |
| 2010s | 0.2582 % change on previous year | -0.8106 % change on previous year | 2.33 % change on previous year | 10 |
| 2020s | -0.729 % change on previous year | -12.74 % change on previous year | 11.33 % change on previous year | 3 |
Countries ranked near Barbados
- 1 Cape Verde 17.71 % change on previous year compare
- 2 Saint Lucia 15.4 % change on previous year compare
- 3 Armenia 12.6 % change on previous year compare
- 5 Niger 11.11 % change on previous year compare
- 6 Panama 10.81 % change on previous year compare
- 7 Georgia 10.11 % change on previous year 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)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0583 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Barbados?
- Gross domestic product (gdp), annual growth rate in Barbados was 11.33 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Barbados?
- The highest recorded value was 13.45 % change on previous year in 1968.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Barbados?
- The lowest recorded value was -12.74 % change on previous year in 2020.
- How does Barbados rank for gross domestic product (gdp), annual growth rate?
- Barbados ranks 4th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Barbados?
- Over the last ten years it is up 4,194.9%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.