Barbados - Forecast | 2016-2020

GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 1.60 2.1 2.1 2.1 2.1 2.5 percent [+]
GDP 4.39 4.58 4.58 4.49 4.52 4.66 USD Billion [+]
GDP Per Capita Ppp 15408.38 15700 15700 15700 15700 16100 USD [+]
GDP per capita 15971.01 16100 16100 15962 16100 16250 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 10.20 10.5 10.9 11 10.8 8.5 percent [+]
Unemployed Persons 13.60 13.94 13.92 13.73 13.83 13.81 Thousand [+]
Labor Force Participation Rate 65.30 65.25 64.59 65.03 65.17 65.08 percent [+]
Employed Persons 132.10 134 134 134 134 135 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.00 -0.2 0.3 0.5 0.8 1.8 percent [+]
Food Inflation 1.75 0.62 0.62 0.62 0.62 0.62 percent [+]
Consumer Price Index Cpi 169.70 173 173 173 173 175 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.46 3.5 3.5 3.5 3.7 4.3 percent [+]
Deposit Interest Rate 1.30 2.36 1.99 1.61 1.23 2.54 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -213020.00 -190900 -191596 -191725 -191706 -191701 BDS Thousand [+]
Exports 98844.00 83307 83162 83158 83158 83158 BDS Thousand [+]
Imports 311864.00 273117 277198 276650 276760 276712 BDS Thousand [+]
Tourist Arrivals 42565.00 48029 48056 48075 48072 48072 [+]
Crude Oil Production 1.00 1 1 1 1 1 BBL/D/1K [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Budget -7.90 -7.5 -9.12 -10.74 -12.36 -14.37 percent of GDP [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production -2.41 -0.54 -0.09 0.01 -0.02 -0.05 percent [+]
Ease Of Doing Business 117.00 116 116 115 115 116 [+]
Corruption Index 61.00 63 63 63 63 76 Points [+]
Corruption Rank 31.00 16.08 16.5 16.92 17.35 18.43 [+]
Competitiveness Index 4.19 4.26 4.26 4.26 4.26 4.17 Points [+]
Competitiveness Rank 72.00 67.87 67.87 67.87 67.87 66.83 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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 [+]





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. 3/27/2017