Barbados - Forecast | 2017-2020

This page has economic forecasts for Barbados including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Barbados economy.


GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 1.60 2.1 2.1 2.1 2.2 2.5 percent [+]
GDP 4.39 4.58 4.39 4.4 4.41 4.49 USD Billion [+]
GDP Per Capita Ppp 15408.38 15700 15700 15700 15457 16100 USD [+]
GDP per capita 15971.01 16100 15976 16100 16028 16250 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 10.20 10.9 11 10.8 10.7 8.5 percent [+]
Unemployed Persons 13.60 13.92 13.73 13.83 13.85 13.81 Thousand [+]
Labor Force Participation Rate 65.30 64.59 65.03 65.17 65.22 65.08 percent [+]
Employed Persons 132.10 134 134 134 134 135 Thousand [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.30 0.3 0.5 0.8 1 1.8 percent [+]
Food Inflation 1.75 0.62 0.62 0.62 0.62 0.62 percent [+]
Consumer Price Index Cpi 172.60 173 173 173 173 175 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 3.48 3.5 3.5 3.7 3.7 4.3 percent [+]
Deposit Interest Rate 1.30 1.99 1.61 1.23 1.37 2.54 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -213020.00 -191596 -191725 -191706 -191702 -191701 BDS Thousand [+]
Exports 98844.00 83162 83158 83158 83158 83158 BDS Thousand [+]
Imports 311864.00 277198 276650 276760 276706 276712 BDS Thousand [+]
Tourist Arrivals 67643.00 49028 49927 49807 49732 49748 [+]
Crude Oil Production 1.00 1 1 1 1 1 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Budget -7.90 -9.12 -10.74 -12.36 -12.04 -14.37 percent of GDP [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -2.40 -0.1 -0.33 -0.41 -0.4 -0.38 percent [+]
Ease Of Doing Business 117.00 116 115 115 115 116 [+]
Corruption Index 61.00 63 63 63 65 76 Points [+]
Corruption Rank 31.00 31 31 31 30 14 [+]
Competitiveness Index 4.19 4.26 4.26 4.26 4.18 4.17 Points [+]
Competitiveness Rank 72.00 71 71 71 78 81 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 33.50 33.5 33.5 33.5 33.5 33.5 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 17.50 17.5 17.5 17.5 17.5 17.5 percent [+]
Social Security Rate 21.35 21.35 21.35 21.35 21.35 21.35 percent [+]
Social Security Rate For Companies 11.25 11.25 11.25 11.25 11.25 11.25 percent [+]
Social Security Rate For Employees 10.10 10.1 10.1 10.1 10.1 10.1 percent [+]