Barbados 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$5.17 billion
↓ 10.71% vs 2019GDP per Capita
$18,347.11
↓ 10.87% vs 2019GDP Growth (Annual %)
-15.05%
↓ 15.71pp vs 2019Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $5.79 billion | $5.17 billion | -10.71% |
| GDP per Capita | $20,583.73 | $18,347.11 | -10.87% |
| GDP Growth (Annual %) | 0.65% | -15.05% | -15.71pp |
| Inflation (CPI %) | 4.10% | N/A | N/A |
| Unemployment Rate (%) | 8.41% | 9.78% | +1.37pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $5.17 billion
- GDP per Capita
- $18,347.11
- GDP Growth (Annual %)
- -15.05%
- Gross National Income
- $5.10 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 5.11%
- Unemployment Rate (%)
- 9.78%
- Interest Rate (Real %)
- 2.79%
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Barbados's Gross Domestic Product (GDP) is $5.17 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Barbados for 2020 is $18,347.11. GDP per capita is calculated by dividing the country's GDP by its population.
Barbados's annual GDP growth rate for 2020 is -15.05%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Barbados for 2020 is 9.78%. This represents the percentage of the labor force that is unemployed and actively seeking employment.