Barbados/

Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, in recent years the economy has diversified into light industry and tourism with about three-quarters of GDP and 80% of exports being attributed to services. Growth has rebounded since 2003, bolstered by increases in construction projects and tourism revenues, reflecting its success in the higher-end segment, but the sector faced declining revenues in 2009 with the global economic downturn. The country enjoys one of the highest per capita incomes in the region. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a relatively highly educated workforce. The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises. The public debt-to-GDP ratio rose to over 100% in 2009, largely because a sharp slowdown in tourism and financial services led to a wide budget deficit.

$6.196 billion (2010 est.)

$6.24 billion (2009 est.)

$6.603 billion (2008 est.)

$3.963 billion (2010 est.)

-0.7% (2010 est.)

-5.5% (2009 est.)

-0.2% (2008 est.)

$21,700 (2010 est.)

$21,900 (2009 est.)

$23,300 (2008 est.)

175,000 (2007 est.)

10.7% (2003 est.)

NA%

NA (2009)

5.5% (2007 est.)

7% (31 December 2009)

10% (31 December 2008)

9.25% (31 December 2009 est.)

10.03% (31 December 2008 est.)

$1.793 billion (31 December 2009)

$1.748 billion (31 December 2008)

$4.563 billion (31 December 2009)

$4.618 billion (31 December 2008)

$4.554 billion (31 December 2008 est.)

$4.124 billion (31 December 2007 est.)

$NA (31 December 2009)

$4.964 billion (31 December 2008)

$5.599 billion (31 December 2007)

sugarcane, vegetables, cotton

tourism, sugar, light manufacturing, component assembly for export

-3.2% (2000 est.)

1.003 billion kWh (2007 est.)

939.9 million kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

765 bbl/day (2009 est.)

9,000 bbl/day (2009 est.)

1,750 bbl/day (2007 est.)

10,390 bbl/day (2007 est.)

1.79 million bbl (1 January 2010 est.)

29.17 million cu m (2008 est.)

29.17 million cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

113.3 million cu m (1 January 2010 est.)

-$254 million (2007 est.)

$385 million (2006)

manufactures, sugar and molasses, rum, other foods and beverages, chemicals, electrical components

Trinidad and Tobago 17.48%, Jamaica 15.63%, US 8.93%, Saint Lucia 8.13%, UK 5.36%, Saint Vincent and the Grenadines 5.04%, Antigua and Barbuda 4.12% (2009)

$1.586 billion (2006)

consumer goods, machinery, foodstuffs, construction materials, chemicals, fuel, electrical components

Trinidad and Tobago 28.52%, US 27.96%, Colombia 7.13%, China 4.76%, UK 4.39% (2009)

$620 million (2007)

$668 million (2003)

Barbadian dollars (BBD) per US dollar - NA (2007), 2 (2006), 2 (2005), 2 (2004), 2 (2003)