Barbados 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$5.33 billion
↑ 0.81% vs 2015GDP per Capita
$19,065.81
↑ 0.59% vs 2015GDP Growth (Annual %)
1.79%
↑ 2.64pp vs 2015Inflation Rate (CPI %)
1.28%
↑ 2.39pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $5.29 billion | $5.33 billion | +0.81% |
| GDP per Capita | $18,954.29 | $19,065.81 | +0.59% |
| GDP Growth (Annual %) | -0.85% | 1.79% | +2.64pp |
| Inflation (CPI %) | -1.11% | 1.28% | +2.39pp |
| Unemployment Rate (%) | 9.80% | 8.25% | -1.56pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $5.33 billion
- GDP per Capita
- $19,065.81
- GDP Growth (Annual %)
- 1.79%
- Gross National Income
- $5.11 billion
Prices & Employment
- Inflation (CPI %)
- 1.28%
- Inflation (GDP Deflator %)
- -0.97%
- Unemployment Rate (%)
- 8.25%
- Interest Rate (Real %)
- 9.11%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -8.49%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Barbados's Gross Domestic Product (GDP) is $5.33 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Barbados for 2016 is $19,065.81. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Barbados for 2016 is 1.28%. This measures the annual percentage change in the cost of consumer goods and services.
Barbados's annual GDP growth rate for 2016 is 1.79%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Barbados for 2016 is 8.25%. This represents the percentage of the labor force that is unemployed and actively seeking employment.