Trade in services as share of GDP in Barbados
Barbados: Trade in services as share of GDP was 37.8% in 2017. ▼ Falling
Latest (2017)
37.8%
Change on year
up 1.0%
World rank
47th
of 198 countries
All-time high
55.1%
in 1972
All-time low
32.7%
in 2011
Years of data
51
1967–2017
Trade in services as share of GDP in Barbados, 1967–2017
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for trade in services as share of gdp in Barbados is 37.8%, measured in 2017.
That represents a change of up 1.0% on the previous year and down 13.0% over ten years.
Over the whole period, trade in services as share of gdp in Barbados peaked at 55.1% in 1972 and was at its lowest, 32.7%, in 2011.
Barbados ranks 47th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Trade in services as share of GDP in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | 39.0% | — |
| 1968 | 47.7% | +22.3% |
| 1969 | 48.3% | +1.2% |
| 1970 | 51.5% | +6.5% |
| 1971 | 54.8% | +6.5% |
| 1972 | 55.1% | +0.6% |
| 1973 | 49.3% | -10.5% |
| 1974 | 41.7% | -15.5% |
| 1975 | 35.8% | -14.1% |
| 1976 | 37.4% | +4.4% |
| 1977 | 41.2% | +10.4% |
| 1978 | 46.5% | +12.8% |
| 1979 | 53.8% | +15.7% |
| 1980 | 43.8% | -18.6% |
| 1981 | 41.5% | -5.4% |
| 1982 | 41.3% | -0.4% |
| 1983 | 38.0% | -8.1% |
| 1984 | 37.9% | -0.2% |
| 1985 | 38.4% | +1.4% |
| 1986 | 38.8% | +0.8% |
| 1987 | 39.1% | +0.9% |
| 1988 | 40.8% | +4.3% |
| 1989 | 42.5% | +4.4% |
| 1990 | 39.5% | -7.2% |
| 1991 | 37.8% | -4.4% |
| 1992 | 39.1% | +3.4% |
| 1993 | 42.4% | +8.5% |
| 1994 | 46.8% | +10.4% |
| 1995 | 47.1% | +0.8% |
| 1996 | 52.0% | +10.4% |
| 1997 | 47.1% | -9.4% |
| 1998 | 44.2% | -6.2% |
| 1999 | 44.3% | +0.2% |
| 2000 | 47.9% | +8.2% |
| 2001 | 44.9% | -6.3% |
| 2002 | 45.2% | +0.5% |
| 2003 | 48.9% | +8.2% |
| 2004 | 44.3% | -9.3% |
| 2005 | 46.5% | +4.9% |
| 2006 | 45.2% | -2.7% |
| 2007 | 43.5% | -3.9% |
| 2008 | 45.5% | +4.8% |
| 2009 | 45.7% | +0.4% |
| 2010 | 36.9% | -19.3% |
| 2011 | 32.7% | -11.3% |
| 2012 | 32.8% | +0.2% |
| 2013 | 38.9% | +18.8% |
| 2014 | 36.3% | -6.7% |
| 2015 | 37.4% | +2.9% |
| 2016 | 37.4% | +0.1% |
| 2017 | 37.8% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 45.0% | 39.0% | 48.3% | 3 |
| 1970s | 46.7% | 35.8% | 55.1% | 10 |
| 1980s | 40.2% | 37.9% | 43.8% | 10 |
| 1990s | 44.0% | 37.8% | 52.0% | 10 |
| 2000s | 45.8% | 43.5% | 48.9% | 10 |
| 2010s | 36.3% | 32.7% | 38.9% | 8 |
Countries ranked near Barbados
- 44 Tonga 39.3% compare
- 45 Switzerland 39.2% compare
- 46 Palau 38.0% compare
- 48 Kyrgyzstan 37.1% compare
- 49 Armenia 36.8% compare
- 50 South Sudan 36.7%
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)
- Services, value added (constant LCU), per capita 39,942 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.51 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.896 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 25,416 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.79 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 50,832 current LCU per person (2025)
Frequently asked questions
- What is trade in services as share of gdp in Barbados?
- Trade in services as share of gdp in Barbados was 37.8% in 2017, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Barbados?
- The highest recorded value was 55.1% in 1972.
- What is the lowest trade in services as share of gdp recorded in Barbados?
- The lowest recorded value was 32.7% in 2011.
- How does Barbados rank for trade in services as share of gdp?
- Barbados ranks 47th out of 198 countries with data for 2017.
- Is trade in services as share of gdp rising or falling in Barbados?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).