ICT service exports in Barbados
Barbados: ICT service exports was 0.2% in 2017. ◆ Volatile
ICT service exports in Barbados, 1978–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2017, ict service exports in Barbados stood at 0.2%. That is the lowest value across all 40 years on record.
The figure is down 66.0% on the previous year and down 82.4% over ten years.
Over the whole period, ict service exports in Barbados peaked at 5.5% in 1997 and was at its lowest, 0.2%, in 2017.
That places Barbados 185th 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 | % of service exports, BoP | Change |
|---|---|---|
| 1978 | 0.9% | — |
| 1979 | 1.3% | +42.5% |
| 1980 | 1.1% | -17.3% |
| 1981 | 1.2% | +9.3% |
| 1982 | 1.5% | +32.6% |
| 1983 | 2.2% | +43.8% |
| 1984 | 1.8% | -20.1% |
| 1985 | 1.7% | -5.8% |
| 1986 | 1.8% | +9.4% |
| 1987 | 1.8% | -0.4% |
| 1988 | 2.4% | +33.6% |
| 1989 | 2.0% | -18.8% |
| 1990 | 1.8% | -9.3% |
| 1991 | 2.0% | +11.1% |
| 1992 | 3.3% | +63.9% |
| 1993 | 3.1% | -4.8% |
| 1994 | 5.0% | +61.1% |
| 1995 | 5.5% | +9.0% |
| 1996 | 4.9% | -9.5% |
| 1997 | 5.5% | +10.5% |
| 1998 | 5.0% | -8.7% |
| 1999 | 4.2% | -15.3% |
| 2000 | 3.8% | -8.9% |
| 2001 | 4.3% | +11.1% |
| 2002 | 4.4% | +2.0% |
| 2003 | 4.1% | -5.0% |
| 2004 | 4.5% | +8.4% |
| 2005 | 4.4% | -2.9% |
| 2006 | 3.2% | -26.3% |
| 2007 | 1.3% | -60.0% |
| 2008 | 1.5% | +15.9% |
| 2009 | 2.3% | +52.8% |
| 2010 | 2.5% | +9.0% |
| 2011 | 1.1% | -56.7% |
| 2012 | 1.4% | +31.2% |
| 2013 | 1.1% | -24.3% |
| 2014 | 0.9% | -12.0% |
| 2015 | 0.8% | -14.3% |
| 2016 | 0.7% | -17.6% |
| 2017 | 0.2% | -66.0% |
Barbados compared with similar countries
- Barbados's 0.2% is below the median for high income countries, which is 7.6%, 3% of the median. (68 countries reporting)
- Barbados's 0.2% is below the median for Latin America & Caribbean, which is 3.1%, 7% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1% | 0.9% | 1.3% | 2 |
| 1980s | 1.8% | 1.1% | 2.4% | 10 |
| 1990s | 4.0% | 1.8% | 5.5% | 10 |
| 2000s | 3.4% | 1.3% | 4.5% | 10 |
| 2010s | 1.1% | 0.2% | 2.5% | 8 |
Countries ranked near Barbados
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 0.2% 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 5.5% in 1997.
- What is the lowest ict service exports recorded in Barbados?
- The lowest recorded value was 0.2% in 2017.
- How does Barbados rank for ict service exports?
- Barbados ranks 185th 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 82.4%. 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 (% of service exports, BoP). 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).