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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 1.00
percent
0.6 0.6 1.5 1 1.5
GDP 4.59
USD Billion
4.65 4.72 4.8 5.2 5.3
GDP Per Capita Ppp 15588.30
USD
15561 15627 15820 15900 16100
GDP per capita 16157.40
USD
16129 16200 16200 16200 16250
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 10.20
percent
10.7 10.2 10.2 10.8 8.5
Unemployed Persons 16.60
Thousand
15.28 14.81 15.3 15.31 15.18
Labor Force Participation Rate 65.90
percent
65.75 66.04 65.88 65.4 65.58
Employed Persons 126.60
Thousand
128 128 128 128 127
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 4.40
percent
4 4.5 4.5 4.7 3.5
Food Inflation 6.40
percent
6.5 6.7 6.9 7 7.8
Consumer Price Index Cpi 185.00
Index Points
181 189 193 194 208
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 3.11
percent
3.7 3.75 4.2 4.5 4.3
Deposit Interest Rate 0.35
percent
0.73 0.66 0.58 0.71 1.19
Foreign Exchange Reserves 505487.52
BDS Million
531183 541069 550539 559608 637268
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -153929.00
BDS Thousand
-177596 -177656 -176847 -177310 -171714
Exports 73312.00
BDS Thousand
65605 64398 63377 62508 58422
Imports 227241.00
BDS Thousand
243202 242053 240917 239819 230136
Tourist Arrivals 54860.00
52000 52100 52100 52100 52100
Crude Oil Production 1.00
BBL/D/1K
1 1 1 1 1
Current Account -411.70
BDS Millions
-698 -715 -732 -716 -740
Current Account To Gdp -4.60
Percent
-6.78 -6.78 -6.35 -7.93 -8.05
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Budget -6.00
percent of GDP
-6.07 -6.02 -5.96 -5.87 -5.23
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production -1.07
percent
-1.47 -1.49 -1.49 -1.5 -1.51
Internet Speed 6709.63
KBps
7031 7110 7169 7280 7823
IP Addresses 48577.00
IP
44556 46949 44080 46211 44587
Ease Of Doing Business 132.00
120 120 120 120 120
Corruption Index 68.00
Points
71 74 77 77 79
Corruption Rank 25.00
25 25 25 25 25
Competitiveness Index 4.19
Points
4.25 4.24 4.23 4.24 4.41
Competitiveness Rank 72.00
72 72 72 72 72
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 33.50
percent
33.5 33.5 33.5 34 34
Sales Tax Rate 17.50
percent
17.5 17.5 17.5 18 18
Social Security Rate 21.35
percent
21.35 21.35 21.35 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 26.80
celsius
26.88 27.37 26.47 25.4 27.11
Precipitation 125.42
mm
159 225 209 103 178