Gross National Income — Value Standard Local Currency, annual growth in Barbados
Barbados: Gross National Income — Value Standard Local Currency, annual growth was 5.93 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Barbados, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value standard local currency, annual growth in Barbados is 5.93 % change on previous year, measured in 2023.
The figure is down 66.2% on the previous year and up 368.8% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Barbados peaked at 26.97 % change on previous year in 1974 and was at its lowest, -7.35 % change on previous year, in 2020.
Barbados ranks 159th of 231 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 National Income — Value Standard Local Currency, annual growth in Barbados, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.2 % change on previous year | — |
| 1972 | 10.57 % change on previous year | -5.6% |
| 1973 | 24.74 % change on previous year | +134.1% |
| 1974 | 26.97 % change on previous year | +9.0% |
| 1975 | 14.37 % change on previous year | -46.7% |
| 1976 | 8.41 % change on previous year | -41.5% |
| 1977 | 12.76 % change on previous year | +51.7% |
| 1978 | 12.68 % change on previous year | -0.6% |
| 1979 | 20.62 % change on previous year | +62.6% |
| 1980 | 25.1 % change on previous year | +21.7% |
| 1981 | 13.16 % change on previous year | -47.6% |
| 1982 | 4.21 % change on previous year | -68.0% |
| 1983 | 4.92 % change on previous year | +16.9% |
| 1984 | 9.51 % change on previous year | +93.1% |
| 1985 | 4.9 % change on previous year | -48.4% |
| 1986 | 6.96 % change on previous year | +42.0% |
| 1987 | 10.38 % change on previous year | +49.2% |
| 1988 | 6.47 % change on previous year | -37.7% |
| 1989 | 11.61 % change on previous year | +79.5% |
| 1990 | 0.1973 % change on previous year | -98.3% |
| 1991 | -0.5128 % change on previous year | -359.9% |
| 1992 | -3.04 % change on previous year | +493.7% |
| 1993 | 4.27 % change on previous year | -240.4% |
| 1994 | 5.19 % change on previous year | +21.3% |
| 1995 | 4.65 % change on previous year | -10.3% |
| 1996 | 6.5 % change on previous year | +39.7% |
| 1997 | 6.28 % change on previous year | -3.3% |
| 1998 | 5.22 % change on previous year | -16.9% |
| 1999 | 4.62 % change on previous year | -11.4% |
| 2000 | 9.72 % change on previous year | +110.3% |
| 2001 | -0.6078 % change on previous year | -106.3% |
| 2002 | 1.31 % change on previous year | -315.4% |
| 2003 | 3.72 % change on previous year | +184.2% |
| 2004 | 6.88 % change on previous year | +84.9% |
| 2005 | 10.64 % change on previous year | +54.6% |
| 2006 | 5.48 % change on previous year | -48.5% |
| 2007 | 17.18 % change on previous year | +213.3% |
| 2008 | 4.68 % change on previous year | -72.7% |
| 2009 | -2.55 % change on previous year | -154.5% |
| 2010 | 6.94 % change on previous year | -371.6% |
| 2011 | -1.28 % change on previous year | -118.4% |
| 2012 | 1.53 % change on previous year | -219.4% |
| 2013 | 1.27 % change on previous year | -17.2% |
| 2014 | 0.0438 % change on previous year | -96.5% |
| 2015 | -1.76 % change on previous year | -4127.1% |
| 2016 | 0.7296 % change on previous year | -141.4% |
| 2017 | 3.6 % change on previous year | +393.4% |
| 2018 | 1.82 % change on previous year | -49.4% |
| 2019 | 2.5 % change on previous year | +37.0% |
| 2020 | -7.35 % change on previous year | -394.7% |
| 2021 | 1.51 % change on previous year | -120.5% |
| 2022 | 17.53 % change on previous year | +1060.6% |
| 2023 | 5.93 % change on previous year | -66.2% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 | -4127.1% | 0.0438 % change on previous year | -1.76 % change on previous year |
| 2022 | +1060.6% | 1.51 % change on previous year | 17.53 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.81 % change on previous year | 8.41 % change on previous year | 26.97 % change on previous year | 9 |
| 1980s | 9.72 % change on previous year | 4.21 % change on previous year | 25.1 % change on previous year | 10 |
| 1990s | 3.34 % change on previous year | -3.04 % change on previous year | 6.5 % change on previous year | 10 |
| 2000s | 5.65 % change on previous year | -2.55 % change on previous year | 17.18 % change on previous year | 10 |
| 2010s | 1.54 % change on previous year | -1.76 % change on previous year | 6.94 % change on previous year | 10 |
| 2020s | 4.4 % change on previous year | -7.35 % change on previous year | 17.53 % change on previous year | 4 |
Countries ranked near Barbados
- 156 Peru 5.98 % change on previous year compare
- 157 Tonga 5.96 % change on previous year compare
- 158 Algeria 5.94 % change on previous year compare
- 160 South Africa 5.93 % change on previous year compare
- 161 Austria 5.93 % change on previous year compare
- 162 New Zealand 5.79 % 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)
- 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 national income — value standard local currency, annual growth in Barbados?
- Gross national income — value standard local currency, annual growth in Barbados was 5.93 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Barbados?
- The highest recorded value was 26.97 % change on previous year in 1974.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Barbados?
- The lowest recorded value was -7.35 % change on previous year in 2020.
- How does Barbados rank for gross national income — value standard local currency, annual growth?
- Barbados ranks 159th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Barbados?
- Over the last ten years it is up 368.8%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.