Barbados 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$6.72 billion
↑ 7.41% vs 2022GDP per Capita
$23,804.02
↑ 7.40% vs 2022GDP Growth (Annual %)
4.09%
↓ 13.74pp vs 2022Inflation Rate (CPI %)
9.79%
Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $6.26 billion | $6.72 billion | +7.41% |
| GDP per Capita | $22,164.03 | $23,804.02 | +7.40% |
| GDP Growth (Annual %) | 17.83% | 4.09% | -13.74pp |
| Inflation (CPI %) | N/A | 9.79% | N/A |
| Unemployment Rate (%) | 8.37% | 7.88% | -0.49pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $6.72 billion
- GDP per Capita
- $23,804.02
- GDP Growth (Annual %)
- 4.09%
- Gross National Income
- $6.45 billion
Prices & Employment
- Inflation (CPI %)
- 9.79%
- Inflation (GDP Deflator %)
- 3.18%
- Unemployment Rate (%)
- 7.88%
- Interest Rate (Real %)
- N/A
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 2023, Barbados's Gross Domestic Product (GDP) is $6.72 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Barbados for 2023 is $23,804.02. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Barbados for 2023 is 9.79%. This measures the annual percentage change in the cost of consumer goods and services.
Barbados's annual GDP growth rate for 2023 is 4.09%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Barbados for 2023 is 7.88%. This represents the percentage of the labor force that is unemployed and actively seeking employment.