GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.00 0.8 0.8 0.8 0.8 1
GDP (USD Billion) 4.80 5 5 5 5 5
GDP Per Capita Ppp (USD) 16978.07 17450 17450 17450 17450 17900
GDP per capita (USD) 16503.48 16550 16550 16550 16550 16250
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 8.20 8.2 7.9 8.1 9.5 9.5
Unemployed Persons (Thousand) 16.60 17.6 18 18.4 18 18.5
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.50 3.9 4 3.6 2.7 2.6
Food Inflation (%) -2.40 0.6 1.1 1.3 1.4 1.6
Consumer Price Index Cpi (Index Points) 184.00 191 191 191 189 194
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.93 3.4 3.4 3.6 3.8 4
Deposit Interest Rate (%) 0.35 0.82 0.82 1.02 1.22 1.22
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (BDS Thousand ) -219700.00 -199999 -200026 -200018 -200020 -200020
Current Account (BDS Millions) -407.40 -530 -535 -540 -535 -550
Current Account To GDP (%) -4.40 -3.8 -3.8 -3.8 -3.8 -3.5
Tourist Arrivals 54860.00 68000 68500 68900 68600 69000
Government Actual Q1 Q2 Q3 Q4 2020
Government Budget (% of GDP) -4.20 -5.6 -5.6 -5.6 -5.6 -5.8
Taxes Actual Q1 Q2 Q3 Q4 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 (%) 21.35 21.35 21.35 21.35 21.35 21.35
Social Security Rate For Companies (%) 11.25 11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees (%) 10.10 10.1 10.1 10.1 10.1 10.1
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) -4.70 -2.5 -2.7 -2.6 -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.