| People | Barbados |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, production in recent years has diversified into light industry and tourism, with about three-quarters of GDP and 80% of exports being attributed to services. Growth has rebounded since 2003, bolstered by increases in construction projects and tourism revenues - reflecting its success in the higher-end segment. The country enjoys one of the highest per capita incomes in the region and an investment grade rating which benefits from its political stability and stable institutions. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a relatively highly educated workforce. The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises. |
GDP (purchasing power parity):
|
$5.53 billion (2007 est.) |
GDP (official exchange rate):
|
$3.739 billion (2007 est.) |
GDP - real growth rate:
|
4% (2007 est.) |
GDP - per capita (PPP):
|
$19,700 (2007 est.) |
GDP - composition by sector:
|
agriculture: 6%
industry: 16%
services: 78% (2000 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
5.5% (2007 est.) |
Labor force:
|
128,500 (2001 est.) |
Labor force participation rate:
|
45.57 % of population |
Labor force - by occupation:
|
agriculture: 10%
industry: 15%
services: 75% (1996 est.) |
Unemployment rate:
|
10.7% (2003 est.) |
Budget:
|
revenues: $847 million (including grants)
expenditures: $886 million (2000 est.) |
Budget revenues per capita:
|
3,004 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, sugar, light manufacturing, component assembly for export |
Industrial production growth rate:
|
-3.2% (2000 est.) |
Electricity - production:
|
953 million kWh (2005) |
Electricity - production per capita:
|
3,380 kWh per capita |
Electricity - consumption:
|
886.3 million kWh (2005) |
Electricity - consumption - per capita:
|
3,144 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
1,002 bbl/day (2005) |
Oil - production per capita:
|
3,554 bbl/day per capita |
Oil - consumption:
|
9,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
11.65 bbl/year per capita |
Oil - exports:
|
1,666 bbl/day (2004) |
Oil - imports:
|
7,071 bbl/day (2004) |
Oil - proved reserves:
|
2.5 million bbl (1 January 2006 est.) |
Natural gas - production:
|
27.97 million cu m (2005 est.) |
Natural gas - production per capita:
|
100 cu m per capita |
Natural gas - consumption:
|
27.97 million cu m (2005 est.) |
Natural gas - consumption - per capita:
|
100 cu m per capita |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
135.8 million cu m (1 January 2006 est.) |
Agriculture - products:
|
sugarcane, vegetables, cotton |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$385 million (2006) |
Exports per capita:
|
1,366 USD per capita |
Exports - commodities:
|
manufactures, sugar and molasses, rum, other foods and beverages, chemicals, electrical components |
Exports - partners:
|
US 27.6%, Trinidad and Tobago 15%, UK 10.2%, Saint Lucia 7%, Jamaica 6.5%, Saint Vincent and the Grenadines 4.3% (2006) |
Imports:
|
$1.586 billion (2006) |
Imports per capita:
|
5,625 USD per capita |
Imports - commodities:
|
consumer goods, machinery, foodstuffs, construction materials, chemicals, fuel, electrical components |
Imports - partners:
|
US 37.7%, Trinidad and Tobago 22.6%, UK 5.9% (2006) |
Reserves of foreign exchange and gold:
|
$620 million (2007) |
Reserves of foreign exchange and gold - per capita:
|
2,199 USD per capita |
Debt - external:
|
$668 million (2003) |
Debt - external - per capita:
|
2,370 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
$5.513 billion (2005) |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$2.07 million (2005) |
Economic aid - recipient per capita:
|
8 USD per capita |
Currency (code):
|
Barbadian dollar (BBD) |
Exchange rates:
|
Barbadian dollars per US dollar - NA (2007), 2 (2006), 2 (2005), 2 (2004), 2 (2003) |
Fiscal year:
|
1 April - 31 March |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
