This remarkable achievement is evidence of Ticino Management, Inc.'s unwavering commitment and expertise. The secured funding will significantly impact social welfare and humanitarian efforts in Barbados.

Minister of Youth, Social Development and Seniors Tinee Furbert is attending the XVI Ministerial Development Forum for Latin America and the Caribbean from 30 October to 1 November 2024 in Bridgetown, Barbados. A Government spokesperson said, “The theme for this year’s Forum is ‘Resilience in Action: Social Policies to Navigate Uncertainty in Latin America and […]

A chronology of key events

Key facts, figures and dates

Barbados

Hear about travel to Barbados as the Amateur Traveler talks to Jane and Duncan from totraveltoo.com about the time they spent on the island recently.

PORT OF SPAIN, Trinidad, CMC – Thirty three Trinidad and Tobago nationals who have been stranded in Barbados since March 23 are scheduled to return home on Tuesday. It’s reported that early Tuesday, National Security Minister...

Barbados Prime Minister Mia Mottley has announced a phased reopening of government and business operations, ending a mandatory 24-hour lockdown imposed on April 3 amid the global coronavirus pandemic. The phased reopening will begin on...

Army General Raúl Castro Ruz, President of the Councils of State and Ministers, held official talks, on Sunday December 7, with the Honorable Freundel Stuart, Prime Minister of Barbados, who is visiting the country as the head of the Barbados delegation to the 5th CARICOM-Cuba Summit.

Andrew J. Watts, a Barbados national, was sentenced in Chicago by U.S. District Judge Joan Gottschall to 114 months in prison and ordered to pay restitution of just under $1.7 million for devising and executing a stolen identity federal income tax refund fraud scheme, the Justice Department and the Internal Revenue Service (IRS) announced today.

The host country of the United Nations World Environment day is working to protect its natural resources and adapt to climate change.

Barbados's new government has issued a new Budget that would raise corporate and income tax rates, repeal the National Social Responsibility Levy and road tax and make other value-added tax and levy changes.

Barbados has become the 101st jurisdiction to join the Inclusive Framework on BEPS (“IF”).

IP Addresses in Barbados increased to 48577 IP in the first quarter of 2017 from 41808 IP in the fourth quarter of 2016. IP Addresses in Barbados averaged 51594.56 IP from 2007 until 2017, reaching an all time high of 76537 IP in the first quarter of 2015 and a record low of 26619 IP in the third quarter of 2007. This page includes a chart with historical data for BarbadosIP Addresses.

Temperature in Barbados decreased to 26.80 celsius in December from 27.27 celsius in November of 2015. Temperature in Barbados averaged 26.46 celsius from 1824 until 2015, reaching an all time high of 29.05 celsius in September of 2005 and a record low of 23.71 celsius in February of 1887. This page includes a chart with historical data for Barbados Average Temperature.

Precipitation in Barbados decreased to 125.42 mm in December from 225.60 mm in November of 2015. Precipitation in Barbados averaged 173.45 mm from 1901 until 2015, reaching an all time high of 620.09 mm in November of 2004 and a record low of 9.60 mm in February of 2010. This page includes a chart with historical data for Barbados Average Precipitation.

Barbados recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2018. Current Account To GDP in Barbados averaged -6.95 percent from 2011 until 2018, reaching an all time high of -3.50 percent in 2018 and a record low of -11.80 percent in 2011. This page provides - Barbados Current Account To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Barbados was last recorded at 16839 US dollars in 2017, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Barbados, when adjusted by Purchasing Power Parity is equivalent to 95 percent of the world's average. GDP Per Capita Ppp in Barbados averaged 15278.32 USD from 1990 until 2017, reaching an all time high of 17091.33 USD in 2007 and a record low of 12528.79 USD in 1992. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Barbados GDP per Capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Barbados decreased to 14.10 Thousand in the second quarter of 2019 from 16 Thousand in the first quarter of 2019. Unemployed Persons in Barbados averaged 14.36 Thousand from 2001 until 2019, reaching an all time high of 19.10 Thousand in the second quarter of 2014 and a record low of 0 Thousand in the fourth quarter of 2012. This page provides - Barbados Unemployed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Barbados contracted 0.60 percent in 2018 from the previous year. GDP Annual Growth Rate in Barbados averaged 1.32 percent from 1975 until 2018, reaching an all time high of 7.90 percent in 1979 and a record low of -7 percent in 1992. This page provides the latest reported value for - Barbados GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Barbados scored 58.90 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Barbados averaged 9.33 Points from 2007 until 2019, reaching an all time high of 58.90 Points in 2019 and a record low of 4.19 Points in 2017. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Barbados Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Barbados is ranked 128 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Barbados improved to 128 in 2019 from 129 in 2018. Ease Of Doing Business in Barbados averaged 122.83 from 2014 until 2019, reaching an all time high of 132 in 2017 and a record low of 115 in 2015. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page provides - Barbados Ease Of Doing Business- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Barbados recorded a Current Account deficit of 355.70 BDS Millions in 2018. Current Account in Barbados averaged -659.56 BDS Millions from 2008 until 2018, reaching an all time high of -355.70 BDS Millions in 2018 and a record low of -1100.80 BDS Millions in 2011. This page provides - Barbados Current Account- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Barbados recorded a trade deficit of 198645.29 BDS Thousand in June of 2019. Balance of Trade in Barbados averaged -126225.20 BDS Thousand from 1978 until 2019, reaching an all time high of 32282.18 BDS Thousand in October of 1981 and a record low of -287862.79 BDS Thousand in October of 2011. This page provides the latest reported value for - Barbados Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports in Barbados decreased to 71104 BDS Thousand in June from 81739 BDS Thousand in May of 2019. Exports in Barbados averaged 53615.11 BDS Thousand from 1978 until 2019, reaching an all time high of 175778 BDS Thousand in June of 2012 and a record low of 12886.40 BDS Thousand in February of 1978. This page provides the latest reported value for - Barbados Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Barbados decreased to 269749 BDS Thousand in June from 297034 BDS Thousand in May of 2019. Imports in Barbados averaged 179840.31 BDS Thousand from 1978 until 2019, reaching an all time high of 362132.05 BDS Thousand in April of 2008 and a record low of 44471.52 BDS Thousand in March of 1978. This page provides the latest reported value for - Barbados Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in Barbados was last recorded at 17949.28 US dollars in 2018. The GDP per Capita in Barbados is equivalent to 142 percent of the world's average. GDP per capita in Barbados averaged 9411.36 USD from 1965 until 2018, reaching an all time high of 17949.28 USD in 2018 and a record low of 1274.54 USD in 1974. This page provides the latest reported value for - Barbados GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Barbados scored 62 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Barbados averaged 70.80 Points from 2004 until 2019, reaching an all time high of 78 Points in 2010 and a record low of 61 Points in 2016. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Barbados Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Barbados is the 30 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Barbados averaged 21.67 from 2004 until 2019, reaching an all time high of 31 in 2016 and a record low of 15 in 2012. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Barbados Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Barbados stands at 17.50 percent. Sales Tax Rate in Barbados averaged 16.61 percent from 2006 until 2019, reaching an all time high of 17.50 percent in 2011 and a record low of 15 percent in 2007. In Barbados, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the standard rate. Revenues from the Sales Tax Rate are an important source of income for the government of Barbados. This page provides - Barbados Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Barbados decreased 6.50 percent in March of 2019 over the same month in the previous year. Industrial Production in Barbados averaged -1.59 percent from 2005 until 2019, reaching an all time high of 11.69 percent in January of 2017 and a record low of -16.96 percent in May of 2009. In Barbados, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Barbados Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mining production in Barbados decreased 2.90 percent in March of 2019 over the same month in the previous year. Mining Production in Barbados averaged -1.26 percent from 2005 until 2019, reaching an all time high of 92.50 percent in August of 2010 and a record low of -54.90 percent in October of 2008. This page provides - Barbados Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Barbados recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2018. Government Budget in Barbados averaged -4.84 percent of GDP from 2000 until 2018, reaching an all time high of -1.30 percent of GDP in 2000 and a record low of -11.80 percent of GDP in 2013. This page provides - Barbados Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Barbados stands at 40 percent. Personal Income Tax Rate in Barbados averaged 35.80 percent from 2006 until 2020, reaching an all time high of 40 percent in 2018 and a record low of 33.50 percent in 2016. In Barbados, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Barbados. This page provides - Barbados Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Barbados stands at 5.50 percent. Corporate Tax Rate in Barbados averaged 22.88 percent from 2005 until 2020, reaching an all time high of 30 percent in 2018 and a record low of 5.50 percent in 2019. In Barbados, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Barbados. This page provides - Barbados Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Barbados was recorded at 7.20 percent in December of 2019. Inflation Rate in Barbados averaged 4.24 percent from 2006 until 2019, reaching an all time high of 11.20 percent in September of 2008 and a record low of -2.60 percent in November of 2015. In Barbados, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (33.8 percent of total weight). Transport accounts for 17 percent; Housing and Utilities for 12.3 percent; Furniture, Household Goods and Maintenance for 10.1 percent; Fuel and Light for 6.3 percent; Health for 5.9 percent and Alcoholic beverages and Tobacco for 3.7 percent. Clothing and Footwear; Miscellaneous Goods and Services; Education and Recreation and Culture account for the remaining 10.9 percent of total weight. This page provides - Barbados Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Barbados increased to 163.60 points in December from 162.50 points in November of 2019. Cpi Housing Utilities in Barbados averaged 157.87 points from 2013 until 2019, reaching an all time high of 172.30 points in September of 2014 and a record low of 140.30 points in March of 2016. This page provides - Barbados Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Barbados decreased to 190 points in December of 2019 from 191 points in November of 2019. Cpi Transportation in Barbados averaged 164.74 points from 2013 until 2019, reaching an all time high of 202.10 points in July of 2019 and a record low of 141.70 points in March of 2016. This page provides - Barbados Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Barbados increased 12.40 percent in December of 2019 over the same month in the previous year. Food Inflation in Barbados averaged 5.60 percent from 2002 until 2019, reaching an all time high of 17.08 percent in September of 2008 and a record low of -2.40 percent in September of 2018. This page provides - Barbados Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Barbados decreased to 8.90 percent in the fourth quarter of 2019 from 9.50 percent in the third quarter of 2019. Unemployment Rate in Barbados averaged 10.50 percent from 2008 until 2019, 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. This page provides - Barbados Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Barbados decreased to 126 Thousand in the fourth quarter of 2019 from 129 Thousand in the third quarter of 2019. Employed Persons in Barbados averaged 119.53 Thousand from 1983 until 2019, reaching an all time high of 136.70 Thousand in the first quarter of 2011 and a record low of 89 Thousand in the second quarter of 1985. This page provides - Barbados Employed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Barbados decreased to 198.10 points in January from 199.60 points in December of 2019. Consumer Price Index Cpi in Barbados averaged 143.51 points from 2001 until 2020, reaching an all time high of 199.60 points in December of 2019 and a record low of 98.20 points in May of 2002. This page provides - Barbados Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Barbados remained unchanged at 1 BBL/D/1K in December from 1 BBL/D/1K in November of 2019. Crude Oil Production in Barbados averaged 1.10 BBL/D/1K from 1994 until 2019, reaching an all time high of 1.90 BBL/D/1K in January of 1999 and a record low of 0.77 BBL/D/1K in January of 2009. This page provides the latest reported value for - Barbados Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Bank Lending Rate in Barbados remained unchanged at 4 percent in March from 4 percent in February of 2020. Bank Lending Rate in Barbados averaged 7.82 percent from 1992 until 2020, reaching an all time high of 14.50 percent in February of 1992 and a record low of 0 percent in February of 1993. This page provides - Barbados Prime Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Barbados stands at B- with stable outlook. Moody's credit rating for Barbados was last set at Caa1 with stable outlook. This page provides - Barbados Credit Rating- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Barbados recorded 83 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Barbados reported 7 Coronavirus Deaths. This page includes a chart with historical data for Barbados Coronavirus Cases.