GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -17.60 4.1 7.5 7.5 7.5 7.5
GDP (USD Billion) 4.37 4.93 4.93 4.93 4.93 5.1
GDP Per Capita Ppp (USD) 12870.04 15200 15200 15200 15200 15360
GDP per capita (USD) 13825.61 16100 16100 16100 16100 16250

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 15.90 15.5 14 14 12 12
Unemployed Persons (Thousand) 21.70 17.5 17.5 17.5 17.5 17

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 5.60 4.1 3.6 3 3 3.6
Food Inflation (%) 1.20 7 7 7 7 5.5
Consumer Price Index CPI (points) 208.40 204 205 206 215 218

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 2.00 2 2 2 2.5 2.5
Deposit Interest Rate (%) 0.15 1.12 0.15 0.15 0.15 0.15

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (BDS Thousand ) -195543.00 -200020 -220600 -220600 -220600 -213000
Current Account (BDS Millions) -620.50 -300 -300 -300 -300 -260
Current Account To GDP (% of GDP) -7.00 -11.5 -8.3 -8.3 -8.3 -8.3
Exports (BDS Thousand ) 52168.00 72600 72600 72600 72600 78000
Imports (BDS Thousand ) 247711.00 293200 293200 293200 293200 291000
Tourist Arrivals 489.00 18000 18000 18000 18000 30000

Government Actual Q4 Q1 Q2 Q3 2022
Government Budget (% of GDP) -0.40 -4.5 -4.5 -4.5 -4.5 -4

Taxes Actual Q4 Q1 Q2 Q3 2022
Personal Income Tax Rate (%) 28.50 40 40 40 40 40
Corporate Tax Rate (%) 5.50 25 25 25 25 25
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 11.25 11.25
Social Security Rate For Employees (%) 11.10 10.1 10.1 10.1 10.1 10.1


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Barbados Forecast - was last updated on Wednesday, December 8, 2021.