PPP conversion factor, households and NPISHs Final consumption in Barbados
Barbados: PPP conversion factor, households and NPISHs Final consumption was 2.64 LCU per international $ in 2021. ▲ Rising
PPP conversion factor, households and NPISHs Final consumption in Barbados, 1990–2021
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
The most recent figure for ppp conversion factor, households and npishs final consumption in Barbados is 2.64 LCU per international $, measured in 2021.
Compared with earlier readings it is down 1.5% on the previous year and up 10.2% over ten years.
Over the whole period, ppp conversion factor, households and npishs final consumption in Barbados peaked at 2.68 LCU per international $ in 2020 and was at its lowest, 1.85 LCU per international $, in 2004.
That places Barbados 119th out of 206 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
PPP conversion factor, households and NPISHs Final consumption in Barbados, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 1.92 LCU per international $ | — |
| 1991 | 1.96 LCU per international $ | +1.9% |
| 1992 | 2.02 LCU per international $ | +3.0% |
| 1993 | 1.98 LCU per international $ | -1.8% |
| 1994 | 1.94 LCU per international $ | -2.5% |
| 1995 | 1.92 LCU per international $ | -0.9% |
| 1996 | 1.91 LCU per international $ | -0.5% |
| 1997 | 2.01 LCU per international $ | +5.3% |
| 1998 | 1.95 LCU per international $ | -2.8% |
| 1999 | 1.94 LCU per international $ | -0.6% |
| 2000 | 1.92 LCU per international $ | -0.9% |
| 2001 | 1.92 LCU per international $ | -0.2% |
| 2002 | 1.89 LCU per international $ | -1.4% |
| 2003 | 1.88 LCU per international $ | -0.6% |
| 2004 | 1.85 LCU per international $ | -1.2% |
| 2005 | 1.9 LCU per international $ | +2.6% |
| 2006 | 1.98 LCU per international $ | +4.0% |
| 2007 | 2 LCU per international $ | +1.1% |
| 2008 | 2.08 LCU per international $ | +4.1% |
| 2009 | 2.17 LCU per international $ | +4.0% |
| 2010 | 2.26 LCU per international $ | +4.1% |
| 2011 | 2.39 LCU per international $ | +6.1% |
| 2012 | 2.39 LCU per international $ | -0.2% |
| 2013 | 2.47 LCU per international $ | +3.4% |
| 2014 | 2.51 LCU per international $ | +1.6% |
| 2015 | 2.43 LCU per international $ | -3.0% |
| 2016 | 2.4 LCU per international $ | -1.4% |
| 2017 | 2.49 LCU per international $ | +3.9% |
| 2018 | 2.53 LCU per international $ | +1.5% |
| 2019 | 2.62 LCU per international $ | +3.6% |
| 2020 | 2.68 LCU per international $ | +2.2% |
| 2021 | 2.64 LCU per international $ | -1.5% |
Barbados compared with similar countries
- Barbados's 2.64 LCU per international $ is above the median for high income countries, which is 1.11 LCU per international $, 2.4× the median. (77 countries reporting)
- Barbados's 2.64 LCU per international $ is above the median for Latin America & Caribbean, which is 2.39 LCU per international $, 1.1× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.96 LCU per international $ | 1.91 LCU per international $ | 2.02 LCU per international $ | 10 |
| 2000s | 1.96 LCU per international $ | 1.85 LCU per international $ | 2.17 LCU per international $ | 10 |
| 2010s | 2.45 LCU per international $ | 2.26 LCU per international $ | 2.62 LCU per international $ | 10 |
| 2020s | 2.66 LCU per international $ | 2.64 LCU per international $ | 2.68 LCU per international $ | 2 |
Countries ranked near Barbados
- 116 Papua New Guinea 2.76 LCU per international $ compare
- 117 Qatar 2.76 LCU per international $ compare
- 118 Bolivia 2.7 LCU per international $ compare
- 120 Brazil 2.58 LCU per international $ compare
- 121 United Arab Emirates 2.53 LCU per international $ compare
- 122 Antigua and Barbuda 2.19 LCU per international $ 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 ppp conversion factor, households and npishs final consumption in Barbados?
- Ppp conversion factor, households and npishs final consumption in Barbados was 2.64 LCU per international $ in 2021, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, households and npishs final consumption recorded in Barbados?
- The highest recorded value was 2.68 LCU per international $ in 2020.
- What is the lowest ppp conversion factor, households and npishs final consumption recorded in Barbados?
- The lowest recorded value was 1.85 LCU per international $ in 2004.
- How does Barbados rank for ppp conversion factor, households and npishs final consumption?
- Barbados ranks 119th out of 206 countries with data for 2021.
- Is ppp conversion factor, households and npishs final consumption rising or falling in Barbados?
- Over the last ten years it is up 10.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for households and NPISHs Final consumption expenditure and the base currency is the US dollar.