Unemployment Rate in Barbados decreased to 8.20 percent in the second quarter of 2018 from 9.70 percent in the first quarter of 2018. Unemployment Rate in Barbados averaged 10.57 percent from 2008 until 2018, reaching an all time high of 13.20 percent in the second quarter of 2014 and a record low of 7.60 percent in the fourth quarter of 2008.
Unemployment Rate in Barbados is expected to be 10.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Barbados to stand at 8.10 in 12 months time. In the long-term, the Barbados Unemployment Rate is projected to trend around 9.50 percent in 2020, according to our econometric models.