Travel services in Barbados
Barbados: Travel services was 70.7% in 2017. ▼ Falling
Travel services in Barbados, 1967–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2017, travel services in Barbados stood at 70.7%.
Compared with earlier readings it is down 2.4% on the previous year and down 13.4% over ten years.
Over the whole period, travel services in Barbados peaked at 82.7% in 1974 and was at its lowest, 64.4%, in 2014.
Barbados ranks 32nd 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.
Travel services in Barbados, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1967 | 67.9% | — |
| 1968 | 73.8% | +8.7% |
| 1969 | 71.6% | -3.0% |
| 1970 | 76.6% | +6.9% |
| 1971 | 77.5% | +1.2% |
| 1972 | 79.5% | +2.6% |
| 1973 | 78.8% | -0.9% |
| 1974 | 82.7% | +4.9% |
| 1975 | 79.3% | -4.1% |
| 1976 | 75.7% | -4.6% |
| 1977 | 77.2% | +2.1% |
| 1978 | 75.7% | -2.0% |
| 1979 | 77.9% | +2.9% |
| 1980 | 78.0% | +0.2% |
| 1981 | 79.7% | +2.2% |
| 1982 | 75.0% | -6.0% |
| 1983 | 75.9% | +1.2% |
| 1984 | 76.8% | +1.1% |
| 1985 | 77.1% | +0.4% |
| 1986 | 71.4% | -7.4% |
| 1987 | 75.5% | +5.9% |
| 1988 | 77.8% | +3.0% |
| 1989 | 77.9% | +0.2% |
| 1990 | 79.8% | +2.3% |
| 1991 | 75.5% | -5.3% |
| 1992 | 76.1% | +0.8% |
| 1993 | 77.6% | +1.9% |
| 1994 | 75.4% | -2.8% |
| 1995 | 77.2% | +2.4% |
| 1996 | 67.9% | -12.0% |
| 1997 | 73.6% | +8.3% |
| 1998 | 74.9% | +1.7% |
| 1999 | 73.1% | -2.4% |
| 2000 | 72.3% | -1.1% |
| 2001 | 71.0% | -1.8% |
| 2002 | 66.9% | -5.8% |
| 2003 | 74.3% | +11.1% |
| 2004 | 76.2% | +2.5% |
| 2005 | 71.5% | -6.1% |
| 2006 | 76.9% | +7.5% |
| 2007 | 81.7% | +6.2% |
| 2008 | 78.7% | -3.6% |
| 2009 | 75.8% | -3.7% |
| 2010 | 77.9% | +2.8% |
| 2011 | 74.8% | -4.1% |
| 2012 | 73.9% | -1.2% |
| 2013 | 66.5% | -10.0% |
| 2014 | 64.4% | -3.2% |
| 2015 | 66.8% | +3.8% |
| 2016 | 72.4% | +8.5% |
| 2017 | 70.7% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 71.1% | 67.9% | 73.8% | 3 |
| 1970s | 78.1% | 75.7% | 82.7% | 10 |
| 1980s | 76.5% | 71.4% | 79.7% | 10 |
| 1990s | 75.1% | 67.9% | 79.8% | 10 |
| 2000s | 74.5% | 66.9% | 81.7% | 10 |
| 2010s | 70.9% | 64.4% | 77.9% | 8 |
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)
- 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 travel services in Barbados?
- Travel services in Barbados was 70.7% in 2017, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Barbados?
- The highest recorded value was 82.7% in 1974.
- What is the lowest travel services recorded in Barbados?
- The lowest recorded value was 64.4% in 2014.
- How does Barbados rank for travel services?
- Barbados ranks 32nd out of 198 countries with data for 2017.
- Is travel services rising or falling in Barbados?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is falling.
- 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 Travel services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.