GDP Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 0.70 7.5 7.5 7.5 7.5 2.8
GDP (USD Billion) 4.37 4.93 4.93 5.1 5.1 5.1
GDP Per Capita Ppp (USD) 12870.04 15200 15200 15360 15360 15360
GDP per capita (USD) 13825.61 16100 16100 16250 16250 16250

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 10.90 14 12 12 12 9.5
Unemployed Persons (Thousand) 16.80 17.5 17.5 17 17 17

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 9.30 8 7 5.6 3.5 3.2
Food Inflation (%) 17.00 7 7 5.5 5.5 5.5
Consumer Price Index CPI (points) 212.30 216 223 224 220 231

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 2.00 2.5 2.5 2.5 2.5 3
Deposit Interest Rate (%) 0.15 0.65 0.65 0.65 0.65 0.65

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (BBD Thousand ) -256515.00 -220600 -220600 -213000 -213000 -213000
Current Account (BBD Million) -620.50 -300 -300 -260 -260 -260
Current Account To GDP (% of GDP) -7.00 -8.3 -8.3 -8.3 -8.3 -4
Exports (BBD Thousand ) 59039.00 72600 72600 78000 78000 78000
Imports (BBD Thousand ) 315554.00 293200 293200 291000 291000 291000
Tourist Arrivals 37033.00 18000 18000 30000 30000 30000

Government Actual Q2 Q3 Q4 Q1 2023
Government Budget (% of GDP) -5.00 -3.5 -3.5 -3.5 -1 -1

Taxes Actual Q2 Q3 Q4 Q1 2023
Personal Income Tax Rate (%) 28.50 40 40 40 40 40
Corporate Tax Rate (%) 5.50 25 25 25 25 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 11.25 11.25 11.25 11.25
Social Security Rate For Employees (%) 11.10 10.1 10.1 10.1 10.1 10.1


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Barbados Forecast - was last updated on Sunday, June 26, 2022.