Service exports (BoP, current US$), per unit of GDP in Barbados
Barbados: Service exports (BoP, current US$), per unit of GDP was 0.2604 BoP, current US$ per US$ of GDP in 2017. ▼ Falling
Latest (2017)
0.2604 BoP, current US$ per US$ of GDP
Change on year
up 3.2%
World rank
39th
of 199 countries
All-time high
0.4093 BoP, current US$ per US$ of GDP
in 1996
All-time low
0.2292 BoP, current US$ per US$ of GDP
in 2012
Years of data
51
1967–2017
Service exports (BoP, current US$), per unit of GDP in Barbados, 1967–2017
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
Barbados recorded 0.2604 BoP, current US$ per US$ of GDP for service exports (bop, current us$), per unit of gdp in 2017.
That represents a change of up 3.2% on the previous year and down 16.5% over ten years.
Over the whole period, service exports (bop, current us$), per unit of gdp in Barbados peaked at 0.4093 BoP, current US$ per US$ of GDP in 1996 and was at its lowest, 0.2292 BoP, current US$ per US$ of GDP, in 2012.
Barbados ranks 39th of 199 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Service exports (BoP, current US$), per unit of GDP in Barbados, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1967 | 0.235 BoP, current US$ per US$ of GDP | — |
| 1968 | 0.2901 BoP, current US$ per US$ of GDP | +23.4% |
| 1969 | 0.2803 BoP, current US$ per US$ of GDP | -3.4% |
| 1970 | 0.3169 BoP, current US$ per US$ of GDP | +13.1% |
| 1971 | 0.3592 BoP, current US$ per US$ of GDP | +13.3% |
| 1972 | 0.3681 BoP, current US$ per US$ of GDP | +2.5% |
| 1973 | 0.3399 BoP, current US$ per US$ of GDP | -7.7% |
| 1974 | 0.2957 BoP, current US$ per US$ of GDP | -13.0% |
| 1975 | 0.2424 BoP, current US$ per US$ of GDP | -18.0% |
| 1976 | 0.2528 BoP, current US$ per US$ of GDP | +4.3% |
| 1977 | 0.2916 BoP, current US$ per US$ of GDP | +15.4% |
| 1978 | 0.3311 BoP, current US$ per US$ of GDP | +13.5% |
| 1979 | 0.4039 BoP, current US$ per US$ of GDP | +22.0% |
| 1980 | 0.326 BoP, current US$ per US$ of GDP | -19.3% |
| 1981 | 0.3015 BoP, current US$ per US$ of GDP | -7.5% |
| 1982 | 0.2959 BoP, current US$ per US$ of GDP | -1.8% |
| 1983 | 0.2755 BoP, current US$ per US$ of GDP | -6.9% |
| 1984 | 0.2814 BoP, current US$ per US$ of GDP | +2.1% |
| 1985 | 0.2909 BoP, current US$ per US$ of GDP | +3.4% |
| 1986 | 0.2971 BoP, current US$ per US$ of GDP | +2.1% |
| 1987 | 0.2977 BoP, current US$ per US$ of GDP | +0.2% |
| 1988 | 0.3284 BoP, current US$ per US$ of GDP | +10.3% |
| 1989 | 0.3401 BoP, current US$ per US$ of GDP | +3.6% |
| 1990 | 0.3132 BoP, current US$ per US$ of GDP | -7.9% |
| 1991 | 0.3037 BoP, current US$ per US$ of GDP | -3.0% |
| 1992 | 0.3137 BoP, current US$ per US$ of GDP | +3.3% |
| 1993 | 0.332 BoP, current US$ per US$ of GDP | +5.8% |
| 1994 | 0.3701 BoP, current US$ per US$ of GDP | +11.5% |
| 1995 | 0.3619 BoP, current US$ per US$ of GDP | -2.2% |
| 1996 | 0.4093 BoP, current US$ per US$ of GDP | +13.1% |
| 1997 | 0.3594 BoP, current US$ per US$ of GDP | -12.2% |
| 1998 | 0.3362 BoP, current US$ per US$ of GDP | -6.5% |
| 1999 | 0.3354 BoP, current US$ per US$ of GDP | -0.2% |
| 2000 | 0.3551 BoP, current US$ per US$ of GDP | +5.9% |
| 2001 | 0.3318 BoP, current US$ per US$ of GDP | -6.6% |
| 2002 | 0.3306 BoP, current US$ per US$ of GDP | -0.4% |
| 2003 | 0.3486 BoP, current US$ per US$ of GDP | +5.4% |
| 2004 | 0.3179 BoP, current US$ per US$ of GDP | -8.8% |
| 2005 | 0.3285 BoP, current US$ per US$ of GDP | +3.3% |
| 2006 | 0.3269 BoP, current US$ per US$ of GDP | -0.5% |
| 2007 | 0.3118 BoP, current US$ per US$ of GDP | -4.6% |
| 2008 | 0.317 BoP, current US$ per US$ of GDP | +1.7% |
| 2009 | 0.3167 BoP, current US$ per US$ of GDP | -0.1% |
| 2010 | 0.2454 BoP, current US$ per US$ of GDP | -22.5% |
| 2011 | 0.2334 BoP, current US$ per US$ of GDP | -4.9% |
| 2012 | 0.2292 BoP, current US$ per US$ of GDP | -1.8% |
| 2013 | 0.2577 BoP, current US$ per US$ of GDP | +12.4% |
| 2014 | 0.2424 BoP, current US$ per US$ of GDP | -5.9% |
| 2015 | 0.2489 BoP, current US$ per US$ of GDP | +2.7% |
| 2016 | 0.2524 BoP, current US$ per US$ of GDP | +1.4% |
| 2017 | 0.2604 BoP, current US$ per US$ of GDP | +3.2% |
Barbados compared with similar countries
- Barbados's 0.2604 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.1868 BoP, current US$ per US$ of GDP, 1.4× the median. (72 countries reporting)
- Barbados's 0.2604 BoP, current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.1133 BoP, current US$ per US$ of GDP, 2.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.2685 BoP, current US$ per US$ of GDP | 0.235 BoP, current US$ per US$ of GDP | 0.2901 BoP, current US$ per US$ of GDP | 3 |
| 1970s | 0.3202 BoP, current US$ per US$ of GDP | 0.2424 BoP, current US$ per US$ of GDP | 0.4039 BoP, current US$ per US$ of GDP | 10 |
| 1980s | 0.3034 BoP, current US$ per US$ of GDP | 0.2755 BoP, current US$ per US$ of GDP | 0.3401 BoP, current US$ per US$ of GDP | 10 |
| 1990s | 0.3435 BoP, current US$ per US$ of GDP | 0.3037 BoP, current US$ per US$ of GDP | 0.4093 BoP, current US$ per US$ of GDP | 10 |
| 2000s | 0.3285 BoP, current US$ per US$ of GDP | 0.3118 BoP, current US$ per US$ of GDP | 0.3551 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.2462 BoP, current US$ per US$ of GDP | 0.2292 BoP, current US$ per US$ of GDP | 0.2604 BoP, current US$ per US$ of GDP | 8 |
Countries ranked near Barbados
- 36 Mauritius 0.2808 BoP, current US$ per US$ of GDP compare
- 37 Croatia 0.2664 BoP, current US$ per US$ of GDP compare
- 38 Hong Kong 0.2659 BoP, current US$ per US$ of GDP compare
- 40 Samoa 0.2547 BoP, current US$ per US$ of GDP compare
- 41 Netherlands 0.2538 BoP, current US$ per US$ of GDP compare
- 42 Dominica 0.2495 BoP, current US$ per US$ of GDP 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is service exports (bop, current us$), per unit of gdp in Barbados?
- Service exports (bop, current us$), per unit of gdp in Barbados was 0.2604 BoP, current US$ per US$ of GDP in 2017, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), per unit of gdp recorded in Barbados?
- The highest recorded value was 0.4093 BoP, current US$ per US$ of GDP in 1996.
- What is the lowest service exports (bop, current us$), per unit of gdp recorded in Barbados?
- The lowest recorded value was 0.2292 BoP, current US$ per US$ of GDP in 2012.
- How does Barbados rank for service exports (bop, current us$), per unit of gdp?
- Barbados ranks 39th out of 199 countries with data for 2017.
- Is service exports (bop, current us$), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is down 16.5%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.