Share of household consumption in GDP vs. GDP per capita in Barbados
Barbados: Share of household consumption in GDP vs. GDP per capita was 109.3% in 2023. ▼ Falling
Latest (2023)
109.3%
Change on year
down 12.8%
World rank
3rd
of 184 countries
All-time high
125.3%
in 2022
All-time low
68.8%
in 1994
Years of data
64
1960–2023
Share of household consumption in GDP vs. GDP per capita in Barbados, 1960–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of household consumption in gdp vs. gdp per capita in Barbados is 109.3%, measured in 2023.
That represents a change of down 12.8% on the previous year and up 16.3% over ten years.
Over the whole period, share of household consumption in gdp vs. gdp per capita in Barbados peaked at 125.3% in 2022 and was at its lowest, 68.8%, in 1994.
Barbados ranks 3rd of 184 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 64 years of available data.
Share of household consumption in GDP vs. GDP per capita in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 122.3% | — |
| 1961 | 112.5% | -8.1% |
| 1962 | 110.0% | -2.2% |
| 1963 | 112.9% | +2.6% |
| 1964 | 111.5% | -1.2% |
| 1965 | 107.6% | -3.5% |
| 1966 | 105.5% | -1.9% |
| 1967 | 101.3% | -3.9% |
| 1968 | 100.1% | -1.2% |
| 1969 | 100.3% | +0.2% |
| 1970 | 101.1% | +0.8% |
| 1971 | 95.7% | -5.3% |
| 1972 | 93.6% | -2.2% |
| 1973 | 98.8% | +5.5% |
| 1974 | 106.8% | +8.1% |
| 1975 | 97.1% | -9.1% |
| 1976 | 95.7% | -1.5% |
| 1977 | 92.1% | -3.7% |
| 1978 | 90.0% | -2.4% |
| 1979 | 94.9% | +5.6% |
| 1980 | 93.0% | -2.1% |
| 1981 | 95.9% | +3.1% |
| 1982 | 86.1% | -10.2% |
| 1983 | 81.6% | -5.3% |
| 1984 | 80.7% | -1.1% |
| 1985 | 83.8% | +3.9% |
| 1986 | 82.2% | -1.9% |
| 1987 | 80.7% | -1.8% |
| 1988 | 77.5% | -4.0% |
| 1989 | 76.3% | -1.5% |
| 1990 | 80.8% | +5.9% |
| 1991 | 74.5% | -7.8% |
| 1992 | 76.6% | +2.9% |
| 1993 | 75.0% | -2.1% |
| 1994 | 68.8% | -8.3% |
| 1995 | 71.1% | +3.3% |
| 1996 | 68.9% | -3.1% |
| 1997 | 72.7% | +5.4% |
| 1998 | 74.2% | +2.1% |
| 1999 | 77.5% | +4.5% |
| 2000 | 80.1% | +3.4% |
| 2001 | 80.8% | +0.9% |
| 2002 | 78.2% | -3.2% |
| 2003 | 75.6% | -3.3% |
| 2004 | 80.7% | +6.7% |
| 2005 | 88.9% | +10.2% |
| 2006 | 93.0% | +4.6% |
| 2007 | 82.1% | -11.7% |
| 2008 | 85.4% | +4.0% |
| 2009 | 82.2% | -3.7% |
| 2010 | 80.8% | -1.7% |
| 2011 | 86.5% | +7.0% |
| 2012 | 90.8% | +5.0% |
| 2013 | 94.0% | +3.5% |
| 2014 | 92.7% | -1.3% |
| 2015 | 95.6% | +3.2% |
| 2016 | 98.4% | +2.9% |
| 2017 | 100.4% | +2.1% |
| 2018 | 100.4% | -0.0% |
| 2019 | 99.4% | -0.9% |
| 2020 | 93.9% | -5.6% |
| 2021 | 108.3% | +15.4% |
| 2022 | 125.3% | +15.7% |
| 2023 | 109.3% | -12.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 108.4% | 100.1% | 122.3% | 10 |
| 1970s | 96.6% | 90.0% | 106.8% | 10 |
| 1980s | 83.8% | 76.3% | 95.9% | 10 |
| 1990s | 74.0% | 68.8% | 80.8% | 10 |
| 2000s | 82.7% | 75.6% | 93.0% | 10 |
| 2010s | 93.9% | 80.8% | 100.4% | 10 |
| 2020s | 109.2% | 93.9% | 125.3% | 4 |
Countries ranked near Barbados
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)
- Agriculture, forestry, and fishing, value added (current LCU), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0311 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 836.37 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0122 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 327.59 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0301 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is share of household consumption in gdp vs. gdp per capita in Barbados?
- Share of household consumption in gdp vs. gdp per capita in Barbados was 109.3% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of household consumption in gdp vs. gdp per capita recorded in Barbados?
- The highest recorded value was 125.3% in 2022.
- What is the lowest share of household consumption in gdp vs. gdp per capita recorded in Barbados?
- The lowest recorded value was 68.8% in 1994.
- How does Barbados rank for share of household consumption in gdp vs. gdp per capita?
- Barbados ranks 3rd out of 184 countries with data for 2023.
- Is share of household consumption in gdp vs. gdp per capita rising or falling in Barbados?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of household consumption in GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Household consumption divided by gross domestic product, expressed as a percentage.