Gross Domestic Product: Value Standard … Gross annual growth rate in Barbados
Barbados: Gross Domestic Product: Value Standard … Gross annual growth rate was 6.61 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Barbados, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Barbados recorded 6.61 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
That represents a change of down 10.8% on the previous year and up 7,206.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Barbados peaked at 28.35 % change on previous year in 1980 and was at its lowest, -10.71 % change on previous year, in 2020.
Barbados ranks 114th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product: Value Standard … Gross annual growth rate in Barbados, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.99 % change on previous year | — |
| 1972 | 11.29 % change on previous year | +2.7% |
| 1973 | 24.42 % change on previous year | +116.2% |
| 1974 | 25.31 % change on previous year | +3.6% |
| 1975 | 15.58 % change on previous year | -38.4% |
| 1976 | 7.52 % change on previous year | -51.7% |
| 1977 | 13.75 % change on previous year | +82.8% |
| 1978 | 11.92 % change on previous year | -13.3% |
| 1979 | 21.25 % change on previous year | +78.3% |
| 1980 | 28.35 % change on previous year | +33.4% |
| 1981 | 10.06 % change on previous year | -64.5% |
| 1982 | 4.48 % change on previous year | -55.4% |
| 1983 | 6.17 % change on previous year | +37.5% |
| 1984 | 9 % change on previous year | +45.9% |
| 1985 | 4.65 % change on previous year | -48.3% |
| 1986 | 9.8 % change on previous year | +110.7% |
| 1987 | 10.12 % change on previous year | +3.3% |
| 1988 | 6.37 % change on previous year | -37.1% |
| 1989 | 10.58 % change on previous year | +66.2% |
| 1990 | 0.3823 % change on previous year | -96.4% |
| 1991 | -0.8011 % change on previous year | -309.6% |
| 1992 | -3.35 % change on previous year | +317.7% |
| 1993 | 5.48 % change on previous year | -263.7% |
| 1994 | 5.14 % change on previous year | -6.2% |
| 1995 | 5.14 % change on previous year | +0.2% |
| 1996 | 6.63 % change on previous year | +28.8% |
| 1997 | 5.7 % change on previous year | -14.0% |
| 1998 | 12.76 % change on previous year | +123.9% |
| 1999 | 4.79 % change on previous year | -62.5% |
| 2000 | 3.05 % change on previous year | -36.3% |
| 2001 | -0.1553 % change on previous year | -105.1% |
| 2002 | 1.7 % change on previous year | -1193.9% |
| 2003 | 3.32 % change on previous year | +95.5% |
| 2004 | 7.31 % change on previous year | +120.2% |
| 2005 | 10.9 % change on previous year | +49.0% |
| 2006 | 7.16 % change on previous year | -34.3% |
| 2007 | 14.66 % change on previous year | +104.6% |
| 2008 | 5.92 % change on previous year | -59.6% |
| 2009 | -3.46 % change on previous year | -158.4% |
| 2010 | 4.98 % change on previous year | -244.1% |
| 2011 | 2.91 % change on previous year | -41.6% |
| 2012 | -1.33 % change on previous year | -145.7% |
| 2013 | 1.71 % change on previous year | -228.4% |
| 2014 | 0.0905 % change on previous year | -94.7% |
| 2015 | -1.45 % change on previous year | -1705.8% |
| 2016 | 0.8075 % change on previous year | -155.6% |
| 2017 | 3.5 % change on previous year | +333.5% |
| 2018 | 2.04 % change on previous year | -41.7% |
| 2019 | 2.81 % change on previous year | +37.9% |
| 2020 | -10.71 % change on previous year | -480.7% |
| 2021 | 2.07 % change on previous year | -119.3% |
| 2022 | 18.62 % change on previous year | +800.0% |
| 2023 | 7.41 % change on previous year | -60.2% |
| 2024 | 6.61 % change on previous year | -10.8% |
Barbados compared with similar countries
- Barbados's 6.61 % change on previous year is above the median for high income countries, which is 4.65 % change on previous year, 1.4× the median. (72 countries reporting)
- Barbados's 6.61 % change on previous year is below the median for Latin America & Caribbean, which is 6.78 % change on previous year, 98% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross annual growth rate 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 |
|---|---|---|---|
| 2015 | -1705.8% | 0.0905 % change on previous year | -1.45 % change on previous year |
| 2002 | +1193.9% | -0.1553 % change on previous year | 1.7 % change on previous year |
| 2022 | +800.0% | 2.07 % change on previous year | 18.62 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.78 % change on previous year | 7.52 % change on previous year | 25.31 % change on previous year | 9 |
| 1980s | 9.96 % change on previous year | 4.48 % change on previous year | 28.35 % change on previous year | 10 |
| 1990s | 4.19 % change on previous year | -3.35 % change on previous year | 12.76 % change on previous year | 10 |
| 2000s | 5.04 % change on previous year | -3.46 % change on previous year | 14.66 % change on previous year | 10 |
| 2010s | 1.61 % change on previous year | -1.45 % change on previous year | 4.98 % change on previous year | 10 |
| 2020s | 4.8 % change on previous year | -10.71 % change on previous year | 18.62 % change on previous year | 5 |
Countries ranked near Barbados
- 111 Moldova 6.68 % change on previous year compare
- 112 Andorra 6.62 % change on previous year compare
- 113 Poland 6.62 % change on previous year compare
- 115 Sint Maarten (Dutch part) 6.6 % change on previous year compare
- 116 Lesotho 6.54 % change on previous year compare
- 117 Turks and Caicos Islands 6.51 % change on previous year compare
More economy & growth data for Barbados
- Real gdp growth, annual growth rate 85.61 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Barbados?
- Gross domestic product — value standard local currency, annual growth in Barbados was 6.61 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Barbados?
- The highest recorded value was 28.35 % change on previous year in 1980.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Barbados?
- The lowest recorded value was -10.71 % change on previous year in 2020.
- How does Barbados rank for gross domestic product — value standard local currency, annual growth?
- Barbados ranks 114th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Barbados?
- Over the last ten years it is up 7,206.8%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.