Service imports in Barbados
Barbados: Service imports was 686.96 million BoP, current US$ in 2017. ◆ Volatile
Latest (2017)
686.96 million BoP, current US$
Change on year
down 0.7%
World rank
161st
of 200 countries
All-time high
745.25 million BoP, current US$
in 2013
All-time low
19.49 million BoP, current US$
in 1967
Years of data
51
1967–2017
Service imports in Barbados, 1967–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2017, service imports in Barbados stood at 686.96 million BoP, current US$.
That represents a change of down 0.7% on the previous year and up 19.6% over ten years.
Over the whole period, service imports in Barbados peaked at 745.25 million BoP, current US$ in 2013 and was at its lowest, 19.49 million BoP, current US$, in 1967.
Barbados ranks 161st of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Barbados, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1967 | 19.49 million BoP, current US$ | — |
| 1968 | 23.55 million BoP, current US$ | +20.8% |
| 1969 | 28.69 million BoP, current US$ | +21.8% |
| 1970 | 32.85 million BoP, current US$ | +14.5% |
| 1971 | 35.23 million BoP, current US$ | +7.3% |
| 1972 | 39.11 million BoP, current US$ | +11.0% |
| 1973 | 40.01 million BoP, current US$ | +2.3% |
| 1974 | 37.75 million BoP, current US$ | -5.6% |
| 1975 | 46.42 million BoP, current US$ | +23.0% |
| 1976 | 52.64 million BoP, current US$ | +13.4% |
| 1977 | 59.73 million BoP, current US$ | +13.5% |
| 1978 | 74.09 million BoP, current US$ | +24.0% |
| 1979 | 90.02 million BoP, current US$ | +21.5% |
| 1980 | 113.71 million BoP, current US$ | +26.3% |
| 1981 | 126.30 million BoP, current US$ | +11.1% |
| 1982 | 136.35 million BoP, current US$ | +8.0% |
| 1983 | 128.87 million BoP, current US$ | -5.5% |
| 1984 | 131.67 million BoP, current US$ | +2.2% |
| 1985 | 131.71 million BoP, current US$ | +0.0% |
| 1986 | 140.10 million BoP, current US$ | +6.4% |
| 1987 | 159.08 million BoP, current US$ | +13.5% |
| 1988 | 143.70 million BoP, current US$ | -9.7% |
| 1989 | 171.25 million BoP, current US$ | +19.2% |
| 1990 | 164.55 million BoP, current US$ | -3.9% |
| 1991 | 149.35 million BoP, current US$ | -9.2% |
| 1992 | 150.46 million BoP, current US$ | +0.7% |
| 1993 | 189.62 million BoP, current US$ | +26.0% |
| 1994 | 210.09 million BoP, current US$ | +10.8% |
| 1995 | 242.55 million BoP, current US$ | +15.4% |
| 1996 | 262.69 million BoP, current US$ | +8.3% |
| 1997 | 279.95 million BoP, current US$ | +6.6% |
| 1998 | 298.77 million BoP, current US$ | +6.7% |
| 1999 | 317.86 million BoP, current US$ | +6.4% |
| 2000 | 380.63 million BoP, current US$ | +19.7% |
| 2001 | 359.26 million BoP, current US$ | -5.6% |
| 2002 | 376.38 million BoP, current US$ | +4.8% |
| 2003 | 450.12 million BoP, current US$ | +19.6% |
| 2004 | 431.92 million BoP, current US$ | -4.0% |
| 2005 | 522.23 million BoP, current US$ | +20.9% |
| 2006 | 529.56 million BoP, current US$ | +1.4% |
| 2007 | 574.50 million BoP, current US$ | +8.5% |
| 2008 | 662.60 million BoP, current US$ | +15.3% |
| 2009 | 627.92 million BoP, current US$ | -5.2% |
| 2010 | 670.10 million BoP, current US$ | +6.7% |
| 2011 | 520.91 million BoP, current US$ | -22.3% |
| 2012 | 540.18 million BoP, current US$ | +3.7% |
| 2013 | 745.25 million BoP, current US$ | +38.0% |
| 2014 | 687.40 million BoP, current US$ | -7.8% |
| 2015 | 712.56 million BoP, current US$ | +3.7% |
| 2016 | 691.98 million BoP, current US$ | -2.9% |
| 2017 | 686.96 million BoP, current US$ | -0.7% |
Barbados compared with similar countries
- Barbados's 686.96 million BoP, current US$ is below the median for high income countries, which is 18.88 billion BoP, current US$, 4% of the median. (72 countries reporting)
- Barbados's 686.96 million BoP, current US$ is below the median for Latin America & Caribbean, which is 2.80 billion BoP, current US$, 25% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.91 million BoP, current US$ | 19.49 million BoP, current US$ | 28.69 million BoP, current US$ | 3 |
| 1970s | 50.79 million BoP, current US$ | 32.85 million BoP, current US$ | 90.02 million BoP, current US$ | 10 |
| 1980s | 138.27 million BoP, current US$ | 113.71 million BoP, current US$ | 171.25 million BoP, current US$ | 10 |
| 1990s | 226.59 million BoP, current US$ | 149.35 million BoP, current US$ | 317.86 million BoP, current US$ | 10 |
| 2000s | 491.51 million BoP, current US$ | 359.26 million BoP, current US$ | 662.60 million BoP, current US$ | 10 |
| 2010s | 656.92 million BoP, current US$ | 520.91 million BoP, current US$ | 745.25 million BoP, current US$ | 8 |
Countries ranked near Barbados
- 158 Malawi 894.57 million BoP, current US$ compare
- 159 San Marino 894.03 million BoP, current US$
- 160 Djibouti 729.63 million BoP, current US$ compare
- 162 Saint Lucia 671.73 million BoP, current US$ compare
- 163 Antigua and Barbuda 614.46 million BoP, current US$ compare
- 164 Eswatini 541.63 million BoP, current US$ 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is service imports in Barbados?
- Service imports in Barbados was 686.96 million BoP, current US$ in 2017, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Barbados?
- The highest recorded value was 745.25 million BoP, current US$ in 2013.
- What is the lowest service imports recorded in Barbados?
- The lowest recorded value was 19.49 million BoP, current US$ in 1967.
- How does Barbados rank for service imports?
- Barbados ranks 161st out of 200 countries with data for 2017.
- Is service imports rising or falling in Barbados?
- Over the last ten years it is up 19.6%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.