Real gdp growth in Barbados
Barbados: Real gdp growth was 3.37 in 2024. ◆ Volatile
Real gdp growth in Barbados, 1980–2024
Source: Our World in Data.
Analysis
In 2024, real gdp growth in Barbados stood at 3.37.
That represents a change of up 85.6% on the previous year and up 317.2% over ten years.
Over the whole period, real gdp growth in Barbados peaked at 15.95 in 2022 and was at its lowest, -17.41, in 2020.
Barbados ranks 105th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 4.37 | — |
| 1981 | -1.9 | -143.5% |
| 1982 | -4.9 | +157.9% |
| 1983 | 0.5 | -110.2% |
| 1984 | 3.6 | +620.0% |
| 1985 | 1.1 | -69.4% |
| 1986 | 5.1 | +363.6% |
| 1987 | 2.6 | -49.0% |
| 1988 | 3.5 | +34.6% |
| 1989 | 3.6 | +2.9% |
| 1990 | -3.3 | -191.7% |
| 1991 | -3.9 | +18.2% |
| 1992 | -5.7 | +46.2% |
| 1993 | 0.8 | -114.0% |
| 1994 | 2 | +150.0% |
| 1995 | 2.02 | +1.2% |
| 1996 | 3.97 | +96.0% |
| 1997 | 4.74 | +19.5% |
| 1998 | 3.74 | -21.1% |
| 1999 | 0.326 | -91.3% |
| 2000 | 4.45 | +1266.0% |
| 2001 | -2.37 | -153.2% |
| 2002 | 0.791 | -133.4% |
| 2003 | 2.17 | +174.5% |
| 2004 | 1.41 | -35.2% |
| 2005 | 3.96 | +181.8% |
| 2006 | 5.67 | +43.0% |
| 2007 | 2.25 | -60.3% |
| 2008 | 0.703 | -68.8% |
| 2009 | -4.83 | -787.2% |
| 2010 | -2.24 | -53.7% |
| 2011 | -0.074 | -96.7% |
| 2012 | -2.86 | +3762.2% |
| 2013 | 0.195 | -106.8% |
| 2014 | 0.807 | +313.8% |
| 2015 | -0.773 | -195.8% |
| 2016 | 1.42 | -283.2% |
| 2017 | 0.655 | -53.7% |
| 2018 | -0.252 | -138.5% |
| 2019 | 0.241 | -195.6% |
| 2020 | -17.41 | -7322.4% |
| 2021 | 8.02 | -146.1% |
| 2022 | 15.95 | +98.8% |
| 2023 | 1.81 | -88.6% |
| 2024 | 3.37 | +85.6% |
Barbados compared with similar countries
- Barbados's 3.37 is above the median for high income countries, which is 2.4, 1.4× the median. (67 countries reporting)
- Barbados's 3.37 is below the median for Latin America & Caribbean, which is 3.37, 100% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -7322.4% | 0.241 | -17.41 |
| 2012 | -3762.2% | -0.074 | -2.86 |
| 2000 | +1266.0% | 0.326 | 4.45 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.76 | -4.9 | 5.1 | 10 |
| 1990s | 0.4695 | -5.7 | 4.74 | 10 |
| 2000s | 1.42 | -4.83 | 5.67 | 10 |
| 2010s | -0.288 | -2.86 | 1.42 | 10 |
| 2020s | 2.35 | -17.41 | 15.95 | 5 |
Countries ranked near Barbados
- 102 Turkmenistan 3.42 compare
- 103 Gabon 3.39 compare
- 104 Bahamas, The 3.38 compare
- 106 Seychelles 3.35 compare
- 107 Comoros, Union of the 3.34 compare
- 108 Uruguay 3.33 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 real gdp growth in Barbados?
- Real gdp growth in Barbados was 3.37 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Barbados?
- The highest recorded value was 15.95 in 2022.
- What is the lowest real gdp growth recorded in Barbados?
- The lowest recorded value was -17.41 in 2020.
- How does Barbados rank for real gdp growth?
- Barbados ranks 105th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Barbados?
- Over the last ten years it is up 317.2%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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