Total Expenditure (central government) — Value US$, 2015 prices in Barbados
Barbados: Total Expenditure (central government) — Value US$, 2015 prices was 1,896 million USD in 2024. ▲ Rising
Total Expenditure (central government) — Value US$, 2015 prices in Barbados, 2003–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, total expenditure (central government) — value us$, 2015 prices in Barbados stood at 1,896 million USD.
That represents a change of up 6.2% on the previous year and up 20.2% over ten years.
Over the whole period, total expenditure (central government) — value us$, 2015 prices in Barbados peaked at 2,075 million USD in 2017 and was at its lowest, 1,216 million USD, in 2016.
That places Barbados 137th out of 173 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Total Expenditure (central government) — Value US$, 2015 prices in Barbados, year by year
| Year | million USD | Change |
|---|---|---|
| 2003 | 1,557 million USD | — |
| 2004 | 1,440 million USD | -7.5% |
| 2005 | 1,388 million USD | -3.7% |
| 2006 | 1,399 million USD | +0.8% |
| 2007 | 1,763 million USD | +26.0% |
| 2008 | 1,622 million USD | -8.0% |
| 2009 | 1,664 million USD | +2.6% |
| 2010 | 1,634 million USD | -1.8% |
| 2011 | 1,515 million USD | -7.3% |
| 2012 | 1,675 million USD | +10.6% |
| 2013 | 1,670 million USD | -0.3% |
| 2014 | 1,578 million USD | -5.5% |
| 2015 | 1,680 million USD | +6.5% |
| 2016 | 1,216 million USD | -27.6% |
| 2017 | 2,075 million USD | +70.7% |
| 2018 | 1,563 million USD | -24.7% |
| 2019 | 1,235 million USD | -21.0% |
| 2020 | 1,543 million USD | +24.9% |
| 2021 | 1,723 million USD | +11.7% |
| 2022 | 1,838 million USD | +6.7% |
| 2023 | 1,785 million USD | -2.9% |
| 2024 | 1,896 million USD | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,548 million USD | 1,388 million USD | 1,763 million USD | 7 |
| 2010s | 1,584 million USD | 1,216 million USD | 2,075 million USD | 10 |
| 2020s | 1,757 million USD | 1,543 million USD | 1,896 million USD | 5 |
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)
- GNI, Atlas method (current US$), annual growth rate 6.82 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9546 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 27,077 current US$ per person (2025)
- GNI (current US$), annual growth rate 5.1 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9592 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 27,208 current US$ per person (2025)
- GNI (current LCU), annual growth rate 5.11 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.92 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is total expenditure (central government) — value us$, 2015 prices in Barbados?
- Total expenditure (central government) — value us$, 2015 prices in Barbados was 1,896 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value us$, 2015 prices recorded in Barbados?
- The highest recorded value was 2,075 million USD in 2017.
- What is the lowest total expenditure (central government) — value us$, 2015 prices recorded in Barbados?
- The lowest recorded value was 1,216 million USD in 2016.
- How does Barbados rank for total expenditure (central government) — value us$, 2015 prices?
- Barbados ranks 137th out of 173 countries with data for 2024.
- Is total expenditure (central government) — value us$, 2015 prices rising or falling in Barbados?
- Over the last ten years it is up 20.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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CSV · JSON — 22 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.