Gross Domestic Product — Value Standard Local Currency, 2015 prices in Barbados
Barbados: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0409 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Barbados, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Barbados stood at 0.0409 million SLC per person. That is the highest value across all 55 years on record.
The figure is up 3.8% on the previous year and up 6.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Barbados peaked at 0.0409 million SLC per person in 2024 and was at its lowest, 0.0212 million SLC per person, in 1970.
Barbados ranks 116th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Barbados, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0212 million SLC per person | — |
| 1971 | 0.0221 million SLC per person | +4.0% |
| 1972 | 0.0223 million SLC per person | +1.1% |
| 1973 | 0.0225 million SLC per person | +1.1% |
| 1974 | 0.0214 million SLC per person | -4.8% |
| 1975 | 0.0223 million SLC per person | +3.8% |
| 1976 | 0.0232 million SLC per person | +4.2% |
| 1977 | 0.024 million SLC per person | +3.6% |
| 1978 | 0.0252 million SLC per person | +4.9% |
| 1979 | 0.0272 million SLC per person | +8.0% |
| 1980 | 0.0284 million SLC per person | +4.3% |
| 1981 | 0.0278 million SLC per person | -2.2% |
| 1982 | 0.0263 million SLC per person | -5.2% |
| 1983 | 0.0264 million SLC per person | +0.2% |
| 1984 | 0.0272 million SLC per person | +3.2% |
| 1985 | 0.0274 million SLC per person | +0.7% |
| 1986 | 0.0287 million SLC per person | +4.8% |
| 1987 | 0.0294 million SLC per person | +2.3% |
| 1988 | 0.0303 million SLC per person | +3.3% |
| 1989 | 0.0314 million SLC per person | +3.5% |
| 1990 | 0.0303 million SLC per person | -3.5% |
| 1991 | 0.029 million SLC per person | -4.2% |
| 1992 | 0.0269 million SLC per person | -7.3% |
| 1993 | 0.0271 million SLC per person | +0.9% |
| 1994 | 0.0281 million SLC per person | +3.5% |
| 1995 | 0.0286 million SLC per person | +1.9% |
| 1996 | 0.0297 million SLC per person | +3.9% |
| 1997 | 0.0311 million SLC per person | +4.7% |
| 1998 | 0.0323 million SLC per person | +3.7% |
| 1999 | 0.0324 million SLC per person | +0.3% |
| 2000 | 0.0339 million SLC per person | +4.6% |
| 2001 | 0.033 million SLC per person | -2.5% |
| 2002 | 0.0331 million SLC per person | +0.1% |
| 2003 | 0.0336 million SLC per person | +1.5% |
| 2004 | 0.0339 million SLC per person | +0.8% |
| 2005 | 0.035 million SLC per person | +3.4% |
| 2006 | 0.0368 million SLC per person | +5.2% |
| 2007 | 0.0388 million SLC per person | +5.2% |
| 2008 | 0.0402 million SLC per person | +3.6% |
| 2009 | 0.0393 million SLC per person | -2.3% |
| 2010 | 0.0395 million SLC per person | +0.7% |
| 2011 | 0.0391 million SLC per person | -1.1% |
| 2012 | 0.0389 million SLC per person | -0.6% |
| 2013 | 0.0384 million SLC per person | -1.3% |
| 2014 | 0.0383 million SLC per person | -0.2% |
| 2015 | 0.0379 million SLC per person | -1.1% |
| 2016 | 0.0385 million SLC per person | +1.6% |
| 2017 | 0.0385 million SLC per person | -0.1% |
| 2018 | 0.0379 million SLC per person | -1.4% |
| 2019 | 0.0381 million SLC per person | +0.5% |
| 2020 | 0.0323 million SLC per person | -15.2% |
| 2021 | 0.0322 million SLC per person | -0.4% |
| 2022 | 0.0379 million SLC per person | +17.8% |
| 2023 | 0.0395 million SLC per person | +4.1% |
| 2024 | 0.0409 million SLC per person | +3.8% |
Barbados compared with similar countries
- Barbados's 0.0409 million SLC per person is below the median for high income countries, which is 0.0532 million SLC per person, 77% of the median. (73 countries reporting)
- Barbados's 0.0409 million SLC per person is below the median for Latin America & Caribbean, which is 0.0461 million SLC per person, 89% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0232 million SLC per person | 0.0212 million SLC per person | 0.0272 million SLC per person | 10 |
| 1980s | 0.0283 million SLC per person | 0.0263 million SLC per person | 0.0314 million SLC per person | 10 |
| 1990s | 0.0296 million SLC per person | 0.0269 million SLC per person | 0.0324 million SLC per person | 10 |
| 2000s | 0.0358 million SLC per person | 0.033 million SLC per person | 0.0402 million SLC per person | 10 |
| 2010s | 0.0385 million SLC per person | 0.0379 million SLC per person | 0.0395 million SLC per person | 10 |
| 2020s | 0.0366 million SLC per person | 0.0322 million SLC per person | 0.0409 million SLC per person | 5 |
Countries ranked near Barbados
- 113 British Virgin Islands 0.0415 million SLC per person compare
- 114 Turkey 0.0412 million SLC per person compare
- 115 Austria 0.0411 million SLC per person compare
- 117 Brunei 0.0408 million SLC per person compare
- 118 Finland 0.0408 million SLC per person compare
- 119 Belgium 0.0405 million SLC per person 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 — value standard local currency, 2015 prices in Barbados?
- Gross domestic product — value standard local currency, 2015 prices in Barbados was 0.0409 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Barbados?
- The highest recorded value was 0.0409 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Barbados?
- The lowest recorded value was 0.0212 million SLC per person in 1970.
- How does Barbados rank for gross domestic product — value standard local currency, 2015 prices?
- Barbados ranks 116th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Barbados?
- Over the last ten years it is up 6.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.