Merchandise trade as a proportion of GDP (%) in Barbados
Barbados: Merchandise trade as a proportion of GDP (%) was 34.9% in 2024. ▼ Falling
Latest (2024)
34.9%
Change on year
down 2.5%
World rank
179th
of 220 countries
All-time high
52.3%
in 2006
All-time low
32.9%
in 2019
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Barbados, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Barbados stood at 34.9%.
The figure is down 2.5% on the previous year and down 11.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Barbados peaked at 52.3% in 2006 and was at its lowest, 32.9%, in 2019.
Barbados ranks 179th of 220 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 46.7% | — |
| 2001 | 44.1% | -5.6% |
| 2002 | 41.2% | -6.4% |
| 2003 | 45.0% | +9.2% |
| 2004 | 49.1% | +9.0% |
| 2005 | 51.4% | +4.7% |
| 2006 | 52.3% | +1.8% |
| 2007 | 48.5% | -7.2% |
| 2008 | 50.3% | +3.5% |
| 2009 | 40.9% | -18.6% |
| 2010 | 35.2% | -13.9% |
| 2011 | 40.3% | +14.3% |
| 2012 | 40.7% | +1.1% |
| 2013 | 39.1% | -3.9% |
| 2014 | 39.4% | +0.7% |
| 2015 | 36.9% | -6.4% |
| 2016 | 37.7% | +2.2% |
| 2017 | 36.7% | -2.7% |
| 2018 | 33.8% | -8.0% |
| 2019 | 32.9% | -2.6% |
| 2020 | 34.1% | +3.7% |
| 2021 | 34.0% | -0.1% |
| 2022 | 38.5% | +13.1% |
| 2023 | 35.8% | -7.0% |
| 2024 | 34.9% | -2.5% |
Barbados compared with similar countries
- Barbados's 34.9% is below the median for high income countries, which is 56.9%, 61% of the median. (73 countries reporting)
- Barbados's 34.9% is below the median for Latin America & Caribbean, which is 43.3%, 81% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.0% | 40.9% | 52.3% | 10 |
| 2010s | 37.3% | 32.9% | 40.7% | 10 |
| 2020s | 35.4% | 34.0% | 38.5% | 5 |
Countries ranked near Barbados
- 176 Equatorial Guinea 35.2% compare
- 177 Algeria 35.2% compare
- 178 Dominican Republic 35.1% compare
- 180 Bolivia (Plurinational State of) 34.6% compare
- 181 New Zealand 34.3% compare
- 182 Chad 33.8% 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 merchandise trade as a proportion of gdp in Barbados?
- Merchandise trade as a proportion of gdp in Barbados was 34.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Barbados?
- The highest recorded value was 52.3% in 2006.
- What is the lowest merchandise trade as a proportion of gdp recorded in Barbados?
- The lowest recorded value was 32.9% in 2019.
- How does Barbados rank for merchandise trade as a proportion of gdp?
- Barbados ranks 179th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Barbados?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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