Historical gov spending gdp in Barbados
Barbados: Historical gov spending gdp was 29.75 in 2024. ▲ Rising
Latest (2024)
29.75
Change on year
up 5.0%
World rank
79th
of 151 countries
All-time high
32.61
in 2020
All-time low
16.8
in 1994
Years of data
31
1994–2024
Historical gov spending gdp in Barbados, 1994–2024
Source: Our World in Data.
Analysis
The most recent figure for historical gov spending gdp in Barbados is 29.75, measured in 2024.
That represents a change of up 5.0% on the previous year and up 2.2% over ten years.
Over the whole period, historical gov spending gdp in Barbados peaked at 32.61 in 2020 and was at its lowest, 16.8, in 1994.
That places Barbados 79th out of 151 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Historical gov spending gdp in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 16.8 | — |
| 1995 | 18.28 | +8.8% |
| 1996 | 20.15 | +10.2% |
| 1997 | 20.7 | +2.7% |
| 1998 | 18.77 | -9.3% |
| 1999 | 19.53 | +4.0% |
| 2000 | 20.81 | +6.6% |
| 2001 | 21.88 | +5.1% |
| 2002 | 30.77 | +40.7% |
| 2003 | 29.27 | -4.9% |
| 2004 | 27.68 | -5.4% |
| 2005 | 27.87 | +0.7% |
| 2006 | 26.39 | -5.3% |
| 2007 | 27.6 | +4.6% |
| 2008 | 28.59 | +3.6% |
| 2009 | 29.4 | +2.8% |
| 2010 | 29.49 | +0.3% |
| 2011 | 27.77 | -5.8% |
| 2012 | 30.4 | +9.5% |
| 2013 | 30.81 | +1.3% |
| 2014 | 29.11 | -5.5% |
| 2015 | 31.35 | +7.7% |
| 2016 | 30.45 | -2.9% |
| 2017 | 29.69 | -2.5% |
| 2018 | 26.67 | -10.2% |
| 2019 | 23.54 | -11.7% |
| 2020 | 32.61 | +38.5% |
| 2021 | 30.38 | -6.8% |
| 2022 | 29.43 | -3.1% |
| 2023 | 28.32 | -3.8% |
| 2024 | 29.75 | +5.0% |
Barbados compared with similar countries
- Barbados's 29.75 is below the median for high income countries, which is 42.31, 70% of the median. (56 countries reporting)
- Barbados's 29.75 is above the median for Latin America & Caribbean, which is 27.1, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.04 | 16.8 | 20.7 | 6 |
| 2000s | 27.03 | 20.81 | 30.77 | 10 |
| 2010s | 28.93 | 23.54 | 31.35 | 10 |
| 2020s | 30.1 | 28.32 | 32.61 | 5 |
Countries ranked near Barbados
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 historical gov spending gdp in Barbados?
- Historical gov spending gdp in Barbados was 29.75 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Barbados?
- The highest recorded value was 32.61 in 2020.
- What is the lowest historical gov spending gdp recorded in Barbados?
- The lowest recorded value was 16.8 in 1994.
- How does Barbados rank for historical gov spending gdp?
- Barbados ranks 79th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Barbados?
- Over the last ten years it is up 2.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Our World in Data, published as part of Historical gov spending gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).