Barbados - Forecast - 2018-2020

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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 1.60
percent
0.6 0.6 0.6 1.5 1.5
GDP 4.59
USD Billion
4.6 4.65 4.7 4.75 5
GDP Per Capita Ppp 15588.30
USD
15480 15542 15820 15820 16100
GDP per capita 16157.40
USD
15990 16054 16118 16200 16250
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.40
percent
10.7 10.7 10 10 8.5
Unemployed Persons 16.60
Thousand
15.61 14.97 14.72 15.15 14.73
Labor Force Participation Rate 65.90
percent
65.23 65.55 65.66 65.53 65.15
Employed Persons 128.80
Thousand
129 129 129 129 128
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 3.40
percent
1 1 1.1 1.1 1.8
Food Inflation 3.43
percent
4.43 4.78 5.01 5.16 5.4
Consumer Price Index Cpi 176.50
Index Points
173 173 178 178 175
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 3.30
percent
3.7 3.7 3.5 4.2 4.3
Deposit Interest Rate 0.35
percent
0.91 1.14 1.37 1.6 2.64
Foreign Exchange Reserves 505487.52
BDS Million
525684 533789 541572 549045 593640
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -153929.00
BDS Thousand
-168920 -166765 -164737 -162810 -150591
Exports 73312.00
BDS Thousand
63654 62169 60907 59834 55693
Imports 227241.00
BDS Thousand
242083 240581 239086 237625 228390
Tourist Arrivals 54860.00
45400 43800 43000 42200 40000
Crude Oil Production 1.00
BBL/D/1K
1.05 1.05 1.06 1.07 1.09
Current Account -411.70
BDS Millions
-691 -729 -767 -805 -908
Current Account To Gdp -4.60
Percent
-6.78 -6.56 -6.35 -6.57 -7.93
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Budget -6.00
percent of GDP
-6.12 -6.07 -6.02 -5.96 -5.32
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production -1.07
percent
-1.47 -1.49 -1.49 -1.5 -1.51
Internet Speed 6709.63
KBps
6814 6769 6727 6670 6021
IP Addresses 48577.00
IP
52549 52719 52606 52585 52078
Ease Of Doing Business 132.00
120 120 120 120 120
Corruption Index 61.00
Points
63 63 63 65 76
Corruption Rank 31.00
31 31 31 30 14
Competitiveness Index 4.19
Points
4.25 4.25 4.24 4.23 4.37
Competitiveness Rank 72.00
71 73 75 74 67
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 33.50
percent
35 35 35 35 35
Sales Tax Rate 17.50
percent
17 17 17 17 16
Social Security Rate 21.35
percent
21 21 21 21 21
Social Security Rate For Companies 11.25
percent
11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees 10.10
percent
10.1 10.1 10.1 10.1 10.1
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 26.80
celsius
25.35 26.88 27.37 26.47 27.11
Precipitation 125.42
mm
103 159 225 209 178