GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.00 0.8 0.8 1 1 1
GDP (USD Billion) 4.67 4.7 4.7 4.8 4.8 4.8
GDP Per Capita Ppp (USD) 16839.00 17450 17450 17900 17900 17900
GDP per capita (USD) 16611.64 16550 16550 16250 16250 16250
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 10.70 7.9 9.5 9.5 9.5 9.5
Unemployed Persons (Thousand) 16.60 18.4 18 18 18 18.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.10 2.1 2.7 2.6 2.5 2.6
Food Inflation (%) 0.50 1.3 1.4 1.5 1.7 1.6
Consumer Price Index Cpi (Index Points) 186.60 188 191 191 191 196
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.93 3.6 3.8 3.8 4 4
Deposit Interest Rate (%) 0.25 0.92 1.12 1.12 1.12 1.12
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (BDS Thousand ) -219700.00 -200018 -200020 -200020 -200020 -200020
Current Account (BDS Millions) -407.40 -540 -535 -550 -550 -550
Current Account To GDP (%) -3.50 -1.5 -1.5 -1.7 -1.7 -1.7
Tourist Arrivals 54860.00 68900 68600 68600 68600 69000
Government Actual Q3 Q4 Q1 Q2 2020
Government Budget (% of GDP) -4.20 -5.6 -5.6 -5.8 -5.8 -5.8
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 33.50 33.5 33.5 33.5 33.5 33.5
Sales Tax Rate (%) 17.50 17.5 17.5 17.5 17.5 17.5
Social Security Rate (%) 23.85 23.85 23.85 23.85 23.85 23.85
Social Security Rate For Companies (%) 12.75 11.25 11.25 11.25 12.75 11.25
Social Security Rate For Employees (%) 11.10 10.1 10.1 10.1 11.1 10.1
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) -2.90 -2.6 -2.7 -2.7 -2.7 -2.4


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.