Barbados Gross Domestic Product: Share of GDP
BB: GDP: % of GDP: Exports of Goods and Services
BB: GDP: % of GDP: Exports of Goods and Services data was reported at 34.282 % in 2022. This records an increase from the previous number of 30.228 % for 2021. BB: GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 42.571 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 65.423 % in 1979 and a record low of 29.201 % in 2020. BB: GDP: % of GDP: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 34.282 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Exports of Goods and Services from 1975 to 2022 in the chart:
BB: GDP: % of GDP: External Balance on Goods and Services
BB: GDP: % of GDP: External Balance on Goods and Services data was reported at -7.896 % in 2022. This records an increase from the previous number of -9.413 % for 2021. BB: GDP: % of GDP: External Balance on Goods and Services data is updated yearly, averaging -4.297 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 7.090 % in 1994 and a record low of -18.306 % in 1976. BB: GDP: % of GDP: External Balance on Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -7.896 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: External Balance on Goods and Services from 1975 to 2022 in the chart:
Barbados BB: GDP: % of GDP: Final Consumption Expenditure
BB: GDP: % of GDP: Final Consumption Expenditure data was reported at 92.955 % in 2015. This records a decrease from the previous number of 97.419 % for 2014. BB: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 87.499 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 97.686 % in 2013 and a record low of 81.832 % in 1994. BB: GDP: % of GDP: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
| Last | Frequency | Range |
|---|---|---|
| 92.96 2015 | yearly | 1990 - 2015 |
View Barbados's Barbados BB: GDP: % of GDP: Final Consumption Expenditure from 1990 to 2015 in the chart:
BB: GDP: % of GDP: Final Consumption Expenditure: General Government
BB: GDP: % of GDP: Final Consumption Expenditure: General Government data was reported at 11.844 % in 2022. This records a decrease from the previous number of 12.703 % for 2021. BB: GDP: % of GDP: Final Consumption Expenditure: General Government data is updated yearly, averaging 14.124 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 19.339 % in 2003 and a record low of 10.819 % in 2019. BB: GDP: % of GDP: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 11.844 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Final Consumption Expenditure: General Government from 1975 to 2022 in the chart:
Barbados BB: GDP: % of GDP: Final Consumption Expenditure: Household
BB: GDP: % of GDP: Final Consumption Expenditure: Household data was reported at 79.620 % in 2015. This records a decrease from the previous number of 83.553 % for 2014. BB: GDP: % of GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 73.109 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 83.553 % in 2014 and a record low of 67.238 % in 2003. BB: GDP: % of GDP: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| 79.62 2015 | yearly | 1990 - 2015 |
View Barbados's Barbados BB: GDP: % of GDP: Final Consumption Expenditure: Household from 1990 to 2015 in the chart:
BB: GDP: % of GDP: Gross Capital Formation
BB: GDP: % of GDP: Gross Capital Formation data was reported at 16.659 % in 2022. This records a decrease from the previous number of 17.194 % for 2021. BB: GDP: % of GDP: Gross Capital Formation data is updated yearly, averaging 16.749 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 27.008 % in 1976 and a record low of 7.031 % in 1992. BB: GDP: % of GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 16.659 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Gross Capital Formation from 1975 to 2022 in the chart:
BB: GDP: % of GDP: Gross Domestic Savings
BB: GDP: % of GDP: Gross Domestic Savings data was reported at 12.600 % in 2022. This records an increase from the previous number of 7.708 % for 2021. BB: GDP: % of GDP: Gross Domestic Savings data is updated yearly, averaging 12.686 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 34.628 % in 1985 and a record low of 5.927 % in 2020. BB: GDP: % of GDP: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 12.600 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Gross Domestic Savings from 1975 to 2022 in the chart:
BB: GDP: % of GDP: Gross Fixed Capital Formation
BB: GDP: % of GDP: Gross Fixed Capital Formation data was reported at 16.496 % in 2022. This records a decrease from the previous number of 17.002 % for 2021. BB: GDP: % of GDP: Gross Fixed Capital Formation data is updated yearly, averaging 16.567 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 26.485 % in 1976 and a record low of 8.278 % in 1992. BB: GDP: % of GDP: Gross Fixed Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 16.496 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Gross Fixed Capital Formation from 1975 to 2022 in the chart:
BB: GDP: % of GDP: Gross National Expenditure
BB: GDP: % of GDP: Gross National Expenditure data was reported at 104.059 % in 2022. This records a decrease from the previous number of 109.485 % for 2021. BB: GDP: % of GDP: Gross National Expenditure data is updated yearly, averaging 104.429 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 118.306 % in 1976 and a record low of 78.487 % in 1985. BB: GDP: % of GDP: Gross National Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).;World Bank national accounts data, and OECD National Accounts data files.;;
| Last | Frequency | Range |
|---|---|---|
| 104.059 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Gross National Expenditure from 1975 to 2022 in the chart:
BB: GDP: % of GDP: Gross Savings
BB: GDP: % of GDP: Gross Savings data was reported at 4.958 % in 2017. This records an increase from the previous number of 2.650 % for 2016. BB: GDP: % of GDP: Gross Savings data is updated yearly, averaging 12.426 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 35.655 % in 1985 and a record low of 1.948 % in 2011. BB: GDP: % of GDP: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 4.958 2017 | yearly | 1975 - 2017 |
View Barbados's BB: GDP: % of GDP: Gross Savings from 1975 to 2017 in the chart:
Barbados BB: GDP: % of GDP: Gross Value Added: Agriculture
BB: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 1.587 % in 2005. This records a decrease from the previous number of 1.643 % for 2004. BB: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 3.457 % from Dec 1975 (Median) to 2005, with 31 observations. The data reached an all-time high of 11.507 % in 1975 and a record low of 1.587 % in 2005. BB: GDP: % of GDP: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 1.298 2010 | yearly | 1975 - 2010 |
View Barbados's Barbados BB: GDP: % of GDP: Gross Value Added: Agriculture from 1975 to 2010 in the chart:
Barbados BB: GDP: % of GDP: Gross Value Added: Industry
BB: GDP: % of GDP: Gross Value Added: Industry data was reported at 14.946 % in 2005. This records a decrease from the previous number of 15.088 % for 2004. BB: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 15.612 % from Dec 1975 (Median) to 2005, with 31 observations. The data reached an all-time high of 18.894 % in 1978 and a record low of 13.361 % in 1989. BB: GDP: % of GDP: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 14.001 2010 | yearly | 1975 - 2010 |
View Barbados's Barbados BB: GDP: % of GDP: Gross Value Added: Industry from 1975 to 2010 in the chart:
BB: GDP: % of GDP: Gross Value Added: Industry: Manufacturing
BB: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 5.086 % in 2022. This records an increase from the previous number of 4.981 % for 2021. BB: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 7.727 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 10.413 % in 1990 and a record low of 4.641 % in 2019. BB: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 5.086 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Gross Value Added: Industry: Manufacturing from 1975 to 2022 in the chart:
Barbados BB: GDP: % of GDP: Gross Value Added: Services
BB: GDP: % of GDP: Gross Value Added: Services data was reported at 88.860 % in 2015. This records an increase from the previous number of 88.302 % for 2014. BB: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 80.611 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 88.860 % in 2015 and a record low of 75.360 % in 1990. BB: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 88.86 2015 | yearly | 1990 - 2015 |
View Barbados's Barbados BB: GDP: % of GDP: Gross Value Added: Services from 1990 to 2015 in the chart:
BB: GDP: % of GDP: Imports of Goods and Services
BB: GDP: % of GDP: Imports of Goods and Services data was reported at 42.178 % in 2022. This records an increase from the previous number of 39.641 % for 2021. BB: GDP: % of GDP: Imports of Goods and Services data is updated yearly, averaging 47.143 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 76.133 % in 1979 and a record low of 34.589 % in 1992. BB: GDP: % of GDP: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 42.178 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Imports of Goods and Services from 1975 to 2022 in the chart:
BB: GDP: % of GDP: Trade
BB: GDP: % of GDP: Trade data was reported at 76.460 % in 2022. This records an increase from the previous number of 69.869 % for 2021. BB: GDP: % of GDP: Trade data is updated yearly, averaging 88.951 % from Dec 1975 (Median) to 2022, with 48 observations. The data reached an all-time high of 141.556 % in 1979 and a record low of 64.739 % in 2020. BB: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 76.460 2022 | yearly | 1975 - 2022 |
View Barbados's BB: GDP: % of GDP: Trade from 1975 to 2022 in the chart:
BB: GDP: % of GNI: Gross Savings
BB: GDP: % of GNI: Gross Savings data was reported at 5.191 % in 2017. This records an increase from the previous number of 2.777 % for 2016. BB: GDP: % of GNI: Gross Savings data is updated yearly, averaging 12.732 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 35.505 % in 1980 and a record low of 2.082 % in 2011. BB: GDP: % of GNI: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 5.191 2017 | yearly | 1975 - 2017 |
View Barbados's BB: GDP: % of GNI: Gross Savings from 1975 to 2017 in the chart:
BB: GDP: % of Manufacturing: Medium and High Tech Industry
BB: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 38.111 % in 2020. This stayed constant from the previous number of 38.111 % for 2019. BB: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 38.111 % from Dec 1990 (Median) to 2020, with 31 observations. The data reached an all-time high of 39.898 % in 1993 and a record low of 19.106 % in 1990. BB: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing;United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database;;
| Last | Frequency | Range |
|---|---|---|
| 38.111 2020 | yearly | 1990 - 2020 |