ICT service exports in Barbados
Barbados: ICT service exports was 3.44 million BoP, current US$ in 2017. ◆ Volatile
Latest (2017)
3.44 million BoP, current US$
Change on year
down 63.9%
World rank
167th
of 189 countries
All-time high
54.69 million BoP, current US$
in 2005
All-time low
1.66 million BoP, current US$
in 1978
Years of data
40
1978–2017
ICT service exports in Barbados, 1978–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2017, ict service exports in Barbados stood at 3.44 million BoP, current US$.
Compared with earlier readings it is down 63.9% on the previous year and down 81.7% over ten years.
Over the whole period, ict service exports in Barbados peaked at 54.69 million BoP, current US$ in 2005 and was at its lowest, 1.66 million BoP, current US$, in 1978.
That places Barbados 167th out of 189 countries with data for 2017, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
ICT service exports in Barbados, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | 1.66 million BoP, current US$ | — |
| 1979 | 3.49 million BoP, current US$ | +110.8% |
| 1980 | 3.52 million BoP, current US$ | +0.8% |
| 1981 | 3.92 million BoP, current US$ | +11.2% |
| 1982 | 5.32 million BoP, current US$ | +36.0% |
| 1983 | 7.57 million BoP, current US$ | +42.1% |
| 1984 | 6.73 million BoP, current US$ | -11.0% |
| 1985 | 6.86 million BoP, current US$ | +2.0% |
| 1986 | 8.42 million BoP, current US$ | +22.6% |
| 1987 | 9.25 million BoP, current US$ | +9.9% |
| 1988 | 14.50 million BoP, current US$ | +56.8% |
| 1989 | 13.50 million BoP, current US$ | -6.9% |
| 1990 | 11.31 million BoP, current US$ | -16.2% |
| 1991 | 12.23 million BoP, current US$ | +8.2% |
| 1992 | 20.06 million BoP, current US$ | +64.0% |
| 1993 | 21.30 million BoP, current US$ | +6.2% |
| 1994 | 39.89 million BoP, current US$ | +87.3% |
| 1995 | 43.79 million BoP, current US$ | +9.8% |
| 1996 | 47.81 million BoP, current US$ | +9.2% |
| 1997 | 49.03 million BoP, current US$ | +2.6% |
| 1998 | 47.23 million BoP, current US$ | -3.7% |
| 1999 | 41.82 million BoP, current US$ | -11.4% |
| 2000 | 41.81 million BoP, current US$ | -0.0% |
| 2001 | 43.32 million BoP, current US$ | +3.6% |
| 2002 | 44.79 million BoP, current US$ | +3.4% |
| 2003 | 46.34 million BoP, current US$ | +3.5% |
| 2004 | 49.15 million BoP, current US$ | +6.1% |
| 2005 | 54.69 million BoP, current US$ | +11.3% |
| 2006 | 44.30 million BoP, current US$ | -19.0% |
| 2007 | 18.75 million BoP, current US$ | -57.7% |
| 2008 | 22.65 million BoP, current US$ | +20.8% |
| 2009 | 32.24 million BoP, current US$ | +42.3% |
| 2010 | 33.09 million BoP, current US$ | +2.6% |
| 2011 | 13.97 million BoP, current US$ | -57.8% |
| 2012 | 17.75 million BoP, current US$ | +27.1% |
| 2013 | 15.59 million BoP, current US$ | -12.2% |
| 2014 | 12.96 million BoP, current US$ | -16.9% |
| 2015 | 11.43 million BoP, current US$ | -11.8% |
| 2016 | 9.51 million BoP, current US$ | -16.8% |
| 2017 | 3.44 million BoP, current US$ | -63.9% |
Barbados compared with similar countries
- Barbados's 3.44 million BoP, current US$ is below the median for high income countries, which is 2.68 billion BoP, current US$, 0% of the median. (68 countries reporting)
- Barbados's 3.44 million BoP, current US$ is below the median for Latin America & Caribbean, which is 64.00 million BoP, current US$, 5% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.57 million BoP, current US$ | 1.66 million BoP, current US$ | 3.49 million BoP, current US$ | 2 |
| 1980s | 7.96 million BoP, current US$ | 3.52 million BoP, current US$ | 14.50 million BoP, current US$ | 10 |
| 1990s | 33.45 million BoP, current US$ | 11.31 million BoP, current US$ | 49.03 million BoP, current US$ | 10 |
| 2000s | 39.80 million BoP, current US$ | 18.75 million BoP, current US$ | 54.69 million BoP, current US$ | 10 |
| 2010s | 14.72 million BoP, current US$ | 3.44 million BoP, current US$ | 33.09 million BoP, current US$ | 8 |
Countries ranked near Barbados
- 164 Sint Maarten (Dutch part) 5.39 million BoP, current US$ compare
- 165 Guyana 4.55 million BoP, current US$ compare
- 166 Burundi 4.26 million BoP, current US$ compare
- 168 Dominica 3.21 million BoP, current US$ compare
- 169 Saint Vincent and the Grenadines 3.01 million BoP, current US$ compare
- 170 Tajikistan 2.98 million BoP, current US$ 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is ict service exports in Barbados?
- Ict service exports in Barbados was 3.44 million BoP, current US$ in 2017, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Barbados?
- The highest recorded value was 54.69 million BoP, current US$ in 2005.
- What is the lowest ict service exports recorded in Barbados?
- The lowest recorded value was 1.66 million BoP, current US$ in 1978.
- How does Barbados rank for ict service exports?
- Barbados ranks 167th out of 189 countries with data for 2017.
- Is ict service exports rising or falling in Barbados?
- Over the last ten years it is down 81.7%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Data are in current U.S. dollars.