GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -0.10 -7.8 4.5 4.5 4.5 4.5
GDP (USD Billion) 5.21 4.8 4.93 4.93 4.96 4.93
GDP Per Capita Ppp (USD) 15638.83 14800 15200 15200 15200 15200
GDP per capita (USD) 16099.83 15900 16100 16100 16100 16100

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 8.90 12.5 12.3 12 11.7 11.5
Unemployed Persons (Thousand) 12.30 18 18 17.8 17.8 17.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.90 5.7 5.3 5 4.8 4.1
Food Inflation (%) 10.40 9.5 9.2 9 8.7 7
Consumer Price Index CPI (points) 194.40 196 211 209 208 204

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 2.00 2 2 2 2 2
Deposit Interest Rate (%) 0.15 1.12 0.15 0.15 0.15 1.12

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (BDS Thousand ) -169243.00 -204300 -203200 -217500 -219200 -220600
Current Account (BDS Millions) -180.20 -350 -300 -300 -300 -300
Current Account To GDP (%) -1.70 -3.7 -3.5 -3.5 -3.5 -3.5
Exports (BDS Thousand ) 53128.00 68700 69800 70500 71800 72600
Imports (BDS Thousand ) 222371.00 273000 273000 288000 291000 293200
Tourist Arrivals 36861.00 10900 12500 15300 16200 18000

Government Actual Q4 Q1 Q2 Q3 2021
Government Budget (% of GDP) -1.40 -5 -4.5 -4.5 -4.5 -4.5

Taxes Actual Q4 Q1 Q2 Q3 2021
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Corporate Tax Rate (%) 5.50 25 5.5 5.5 5.5 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 12.75 12.75 12.75 11.25
Social Security Rate For Employees (%) 11.10 10.1 11.1 11.1 11.1 10.1


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.