Barbados: economy and key statistics
Barbados is number 156 in the 311 Nations Index, with a GDP of $8.0 billion in 2025. GDP per person is $28,365. The economy grew by 2.7% in 2025. Unemployment is 6.5%. The economy is 76% services, 12% industry, 2% agriculture.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Barbados is number 169 in the 311 National Power Index, scoring 15.5 out of 100: economic 25, technology 7, military 0 and human capital 38.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $8.0 billion | 2025 |
| GDP (purchasing power) | $7.3 billion | 2025 |
| GDP per person | $28,365 | 2025 |
| Economic growth | +2.7% | 2025 |
| Inflation | 0.8% | 2025 |
| Unemployment | 6.5% | 2025 |
| Population | 0.3 million | 2025 |
| Labour force | 0.2 million | 2025 |
| Services share of GDP | 76% | 2024 |
| Industry share of GDP | 12% | 2024 |
| Manufacturing share of GDP | 5% | 2024 |
| Agriculture share of GDP | 2% | 2024 |
| Foreign direct investment | 4.0% of GDP | 2024 |
| High-tech share of manufactured exports | 20% | 2024 |
| Internet users | 70% of people | 2024 |
Main export industries
Barbados exported goods worth about $0.5bn in 2024. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $0.2bn (39.9% of goods exports)
- Beverages, spirits and vinegar: $0.1bn (12.5% of goods exports)
- Pharmaceutical products: $0.0bn (6.1% of goods exports)
- Animal, vegetable or microbial fats and oils and their cleavage products: $0.0bn (3.4% of goods exports)
- Preparations of cereals, flour, starch or milk: $0.0bn (3.4% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in North America
- United States (#1)
- Canada (#10)
- Mexico (#14)
- Puerto Rico (US) (#65)
- Dominican Republic (#66)
- Guatemala (#68)
- Costa Rica (#74)
- Panama (#82)
- Honduras (#105)
- El Salvador (#109)
- Haiti (#112)
- Trinidad and Tobago (#122)
- Jamaica (#125)
- Nicaragua (#128)
- Bahamas (#142)
Questions and answers
How big is the economy of Barbados?
Barbados had a GDP of $8.0 billion in 2025, ranking number 156 in the 311 Nations Index.
What is GDP per person in Barbados?
GDP per person in Barbados was $28,365 in 2025.
How fast is the economy of Barbados growing?
The economy of Barbados grew by 2.7% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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