Travel services in Barbados
Barbados: Travel services was 7.4% in 2017. ▬ Flat
Travel services in Barbados, 1967–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Barbados recorded 7.4% for travel services in 2017.
The figure is down 3.0% on the previous year and down 56.7% over ten years.
Over the whole period, travel services in Barbados peaked at 30.1% in 1991 and was at its lowest, 7.1%, in 2014.
Barbados ranks 166th of 198 countries on this measure, in the bottom quarter.
Travel services in Barbados, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1967 | 11.6% | — |
| 1968 | 9.7% | -16.5% |
| 1969 | 11.0% | +13.7% |
| 1970 | 10.6% | -4.5% |
| 1971 | 12.1% | +14.5% |
| 1972 | 12.1% | -0.0% |
| 1973 | 15.3% | +26.7% |
| 1974 | 15.5% | +1.1% |
| 1975 | 14.9% | -3.5% |
| 1976 | 15.6% | +4.6% |
| 1977 | 15.5% | -0.9% |
| 1978 | 13.3% | -13.8% |
| 1979 | 14.4% | +8.1% |
| 1980 | 16.9% | +17.3% |
| 1981 | 17.7% | +4.3% |
| 1982 | 19.9% | +12.8% |
| 1983 | 17.5% | -11.9% |
| 1984 | 18.2% | +3.7% |
| 1985 | 18.6% | +2.1% |
| 1986 | 21.6% | +16.1% |
| 1987 | 23.7% | +9.8% |
| 1988 | 26.7% | +12.8% |
| 1989 | 27.3% | +2.4% |
| 1990 | 30.1% | +10.0% |
| 1991 | 30.1% | +0.2% |
| 1992 | 27.8% | -7.5% |
| 1993 | 28.1% | +0.8% |
| 1994 | 28.1% | +0.2% |
| 1995 | 29.3% | +4.1% |
| 1996 | 28.2% | -3.7% |
| 1997 | 28.1% | -0.2% |
| 1998 | 27.5% | -2.3% |
| 1999 | 27.3% | -0.9% |
| 2000 | 24.7% | -9.4% |
| 2001 | 28.1% | +13.6% |
| 2002 | 26.3% | -6.3% |
| 2003 | 23.2% | -11.7% |
| 2004 | 25.0% | +7.5% |
| 2005 | 19.3% | -22.7% |
| 2006 | 19.7% | +2.2% |
| 2007 | 17.2% | -12.7% |
| 2008 | 12.1% | -29.5% |
| 2009 | 11.2% | -7.3% |
| 2010 | 10.6% | -5.9% |
| 2011 | 13.6% | +28.4% |
| 2012 | 10.8% | -20.8% |
| 2013 | 8.0% | -25.9% |
| 2014 | 7.1% | -10.6% |
| 2015 | 7.8% | +9.6% |
| 2016 | 7.7% | -1.8% |
| 2017 | 7.4% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.8% | 9.7% | 11.6% | 3 |
| 1970s | 13.9% | 10.6% | 15.6% | 10 |
| 1980s | 20.8% | 16.9% | 27.3% | 10 |
| 1990s | 28.5% | 27.3% | 30.1% | 10 |
| 2000s | 20.7% | 11.2% | 28.1% | 10 |
| 2010s | 9.1% | 7.1% | 13.6% | 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 7.4% 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 30.1% in 1991.
- What is the lowest travel services recorded in Barbados?
- The lowest recorded value was 7.1% in 2014.
- How does Barbados rank for travel services?
- Barbados ranks 166th out of 198 countries with data for 2017.
- Is travel services rising or falling in Barbados?
- Over the last ten years it is down 56.7%. The long-run trend across the full record is flat.
- 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 imports, 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 imports which are services provided by non-residents to residents.