Nominal GDP
$8.02B
current US$ · 2025
World Bank
🇧🇧
Economy Snapshot
Barbados Economy and Trade
BridgetownLocal time
GDP $8.02B · real growth +2.5% · source years shown below
For Barbados, the dashboard separates a 2025 nominal GDP reading of $8.02B from the 2024 real-growth rate of +2.5%. The per-person GDP figure is $26,545 (2024); the CPI series shows 0.8% for 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$26,545
current US$ · 2024
World Bank
Real GDP growth
+2.5%
annual % · 2024
World Bank
Inflation
0.8%
CPI annual % · 2025
Source listed below
Barbados at a Glance
Each measure keeps its own definition and reference year so unlike concepts are not silently combined.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $5.70B2016: $5.68B2017: $5.85B2018: $6.00B2019: $6.17B2020: $5.40B2021: $5.95B2022: $6.89B2023: $7.22B2024: $7.60B2025: $8.02B
GDP per capita$26,545
Real growth+2.5%
Reference year2024
2025 Inflation
0.8%
CPI annual %
2025 Unemployment
6.5%
labor-market measure
2024 GDP per capita
$26,544.9
current US$
Economic structure and Merchandise trade
Available measures are shown with their reported reference periods.
Economic structure
Selected value-added shares
Services · 202475.8%
Agriculture · 20241.6%
Only independently verified sector shares are displayed on this page.
Merchandise trade
WTO / UN Comtrade · 2024 · USD
Exports$0.49Bmerchandise · 2024
Imports$2.16Bmerchandise · 2024
Balance-$1.67Bsame definition and year
Largest highlighted export destination
United States20.7%
Merchandise trade is kept separate from broader goods-and-services measures.
Understand the numbers
What Barbados's economic profile is telling you
Barbados has a strongly service-oriented economy, with services contributing roughly three quarters of value added in the latest World Bank sector data. The latest GDP level is for 2024, while the labor and inflation series have newer observations.
Merchandise imports substantially exceed exports. The United States was the largest named export destination in 2024, while it also supplied the largest share of Barbados's merchandise imports.
The main economic signal
Barbados should be read through the combination of output growth, price pressure, labor conditions, sector structure and trade rather than through GDP alone.
Why the definitions matter
Nominal GDP, real growth, CPI inflation, unemployment, sector value added and merchandise trade measure different things. Their units, years and sources stay visible throughout the page.
Detailed Economic Data
The same values are provided in the data table below.
| Indicator | Barbados | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$, market prices | $8.02B | 2025 | Actual |
| GDP per capitacurrent US$ | $26,544.9 | 2024 | Actual |
| Real GDP growthannual % | +2.5% | 2024 | Actual |
| InflationCPI, annual % | 0.8% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 6.5% | 2025 | Estimate |
| Services value added% of GDP | 75.8% | 2024 | Latest available |
| Agriculture value addedforestry and fishing included, % of GDP | 1.6% | 2024 | Latest available |
| Merchandise exportsUSD | $0.49B | 2024 | Actual |
| Merchandise importsUSD | $2.16B | 2024 | Actual |
Frequently Asked Questions
What is Barbados's GDP?
The latest World Bank nominal GDP observation used here is $8.02B for 2025 in current US dollars.
Is Barbados's economy growing?
World Bank annual data show real GDP growth of +2.5% in 2024.
What is Barbados's inflation rate?
The annual CPI reading used here is 0.8% for 2025.
What does the trade balance show for Barbados?
Merchandise exports were $0.49B and imports were $2.16B in 2024, giving a same-definition balance of -$1.67B.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
Primary comparable source for GDP, GDP per capita, real growth, inflation, modeled unemployment and selected sector value-added shares.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment · Services value added · Agriculture value added
Matched-year merchandise exports and imports from the WTO economy profile.
Official data: WTO country profile
Each metric keeps its own definition and reference period; unavailable comparable values remain unfilled.