Barbados - Forecast - 2018-2020

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 1.00
percent
0.7 0.7 0.9 0.9 0.8
GDP 4.80
USD Billion
4.8 4.8 5 5 5
GDP Per Capita Ppp 16978.07
USD
17034 17159 17450 17450 17900
GDP per capita 16503.48
USD
16200 16200 16550 16550 16250
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 8.20
percent
9.2 10.2 10.2 9.8 9.5
Unemployed Persons 16.60
Thousand
16.8 16.9 17.6 18 18.5
Labor Force Participation Rate 65.90
percent
66.04 65.88 65.4 65.63 65.58
Employed Persons 133.20
Thousand
132 132 132 132 132
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.50
percent
5.2 5 4.8 4.8 4.5
Food Inflation 1.70
percent
6.7 6.9 7 7.3 7.1
Consumer Price Index Cpi 183.80
Index Points
191 194 192 193 213
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.93
percent
3.2 3.2 3.4 3.4 4
Deposit Interest Rate 0.35
percent
0.62 0.62 0.82 0.82 1.42
Foreign Exchange Reserves 426964.26
BDS Million
430175 429769 429334 429265 429314
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -212306.00
BDS Thousand
-199723 -200067 -199999 -200026 -200020
Exports 81028.00
BDS Thousand
83585 83577 83576 83576 83576
Imports 293334.00
BDS Thousand
283308 283691 283575 283603 283596
Tourist Arrivals 54860.00
65000 67000 68000 68500 69000
Crude Oil Production 1.00
BBL/D/1K
1 1 1 1 1
Current Account -411.70
BDS Millions
-560 -540 -530 -535 -550
Current Account To Gdp -4.60
Percent
-6.4 -6.4 -6 -6 -7
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Budget -4.20
percent of GDP
-6.7 -6.7 -5.6 -5.6 -5.8
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 0.29
percent
-2.3 -2.6 -2.5 -2.7 -2.4
Internet Speed 6709.63
KBps
7110 7169 7280 7344 7823
IP Addresses 48577.00
IP
46949 44080 46211 44308 44587
Ease Of Doing Business 132.00
120 120 120 120 120
Corruption Index 68.00
Points
70 70 70 70 68
Corruption Rank 25.00
22 22 22 22 21
Competitiveness Index 4.19
Points
4.1 4.1 4 4 4
Competitiveness Rank 72.00
73 73 74 74 74
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 33.50
percent
33.5 33.5 33.5 33.5 33.5
Sales Tax Rate 17.50
percent
17.5 17.5 18 18 18
Social Security Rate 21.35
percent
21.35 21.35 21.35 21.35 21.35
Social Security Rate For Companies 11.25
percent
11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees 10.10
percent
10.1 10.1 10.1 10.1 10.1
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 26.80
celsius
27.37 26.47 25.4 27.21 27.11
Precipitation 125.42
mm
225 209 103 188 178