Barbados - Forecast | 2016-2020

GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 0.90 1.3 1.3 1.3 1.3 1.6 percent [+]
GDP 4.45 4.58 4.58 4.49 4.52 4.66 USD Billion [+]
GDP Per Capita Ppp 15425.74 15700 15700 15700 15700 16100 USD [+]
GDP per capita 15983.21 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 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 135.10 135 136 136 137 137 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate -0.98 -0.2 0.3 0.5 0.8 1.9 percent [+]
Food Inflation 1.75 0.62 0.62 0.62 0.62 0.62 percent [+]
Consumer Price Index Cpi 169.70 175 175 175 175 175 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.29 3.66 3.66 3.66 4 4.5 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 -181864.00 -183290 -183286 -183285 -183285 -183285 BDS Thousand [+]
Exports 71945.00 87035 87032 87032 87032 87032 BDS Thousand [+]
Imports 253809.00 268038 267919 267920 267914 267915 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 4.32 -0.04 0.22 0.2 0.13 0.12 percent [+]
Ease Of Doing Business 117.00 116 116 115 115 116 [+]
Corruption Index 74.00 74.31 74.13 73.95 73.76 73.28 Points [+]
Corruption Rank 17.00 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
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 33.50 33.5 33.5 33.5 33.5 33.5 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. 1/16/2017