Barbados - Forecast | 2017-2020

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.


GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 1.60 -1.4 0.6 0.6 0.6 1.5 percent [+]
GDP 4.59 4.7 4.75 4.8 4.85 5 USD Billion [+]
GDP Per Capita Ppp 15588.30 15700 15591 15578 15565 16100 USD [+]
GDP per capita 16157.40 16100 16165 16149 16132 16250 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 10.20 10.8 10.7 10.7 10.1 8.5 percent [+]
Unemployed Persons 13.60 14.3 14.3 14.28 14.35 14.45 Thousand [+]
Labor Force Participation Rate 65.30 65.01 65.08 64.48 64.79 64.83 percent [+]
Employed Persons 132.10 132 132 132 132 131 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.30 0.8 1 1 1.7 1.8 percent [+]
Food Inflation 10.33 6.81 6.39 6.12 5.94 5.66 percent [+]
Consumer Price Index Cpi 172.60 173 173 173 172 175 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 3.13 3.7 3.7 3.7 3.25 4.3 percent [+]
Deposit Interest Rate 0.35 0.68 0.91 1.14 1.37 2.64 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -213020.00 -184162 -181230 -178448 -175807 -157354 BDS Thousand [+]
Exports 98844.00 68998 66727 64777 63110 55657 BDS Thousand [+]
Imports 311864.00 272839 270738 268671 266648 250396 BDS Thousand [+]
Tourist Arrivals 67643.00 45100 43400 42500 41800 39600 [+]
Crude Oil Production 1.00 1.03 1.04 1.05 1.05 1.09 BBL/D/1K [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Budget -6.00 -5.96 -5.87 -5.78 -5.69 -5.32 percent of GDP [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production -0.64 -1.48 -1.51 -1.53 -1.55 -1.57 percent [+]
Ease Of Doing Business 117.00 115 115 116 116 116 [+]
Corruption Index 61.00 63 65 66 68 76 Points [+]
Corruption Rank 31.00 31 30 29 27 14 [+]
Competitiveness Index 4.19 4.26 4.25 4.24 4.23 4.37 Points [+]
Competitiveness Rank 72.00 68 71 73 75 67 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 33.50 34.97 34.97 34.97 34.97 34.98 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 17.50 17.08 16.99 16.9 16.82 16.21 percent [+]
Social Security Rate 21.35 21.35 21.35 21.35 21.35 21.35 percent [+]
Social Security Rate For Companies 11.25 11.25 11.25 11.25 11.25 11.25 percent [+]
Social Security Rate For Employees 10.10 10.1 10.1 10.1 10.1 10.1 percent [+]