Economic Growth in Barbados
The economy of Barbados recorded an average growth rate of 2.5% in the decade up to 2022. In 2022, the real GDP growth was 18.1%. For more GDP information, visit our dedicated page.
Barbados GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Barbados from 2014 to 2023.
Source: Macrobond.
Barbados GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 15.7 | -13.7 | -0.2 | 16.3 | 4.2 |
| GDP (USD bn) | 5.8 | 5.2 | 5.3 | 6.3 | 6.7 |
| GDP (LCU bn) | 11.6 | 10.3 | 10.6 | 12.5 | 13.4 |
| Economic Growth (Nominal GDP, ann. var. %) | 12.9 | -10.7 | 2.1 | 18.6 | 7.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Barbadian GDP projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Barbadian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Barbadian GDP projections.
Want to get access to the full dataset of Barbadian GDP forecasts? Send an email to info@focus-economics.com.