In 2023, Barbados witnessed an increase in its Nominal GDP, rising to 6.39 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 5.46 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, Barbados has Nominal GDP stood at 5.84 billion dollars, while the GDP based on PPP was 5.040 international billion dollars.
The net change in Barbados's GDP (Nominal) in 2023 increased by 0.55 billion dollars(8.61%), and GDP (PPP) increased by 0.42 international billion dollars(7.69%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.08 | - | - | - | - | - |
| 1961 | 0.09 | 0.01 | 11.11 % | - | - | - |
| 1962 | 0.09 | 0.00 | 0.00 % | - | - | - |
| 1963 | 0.10 | 0.01 | 10.00 % | - | - | - |
| 1964 | 0.10 | 0.00 | 0.00 % | - | - | - |
| 1965 | 0.11 | 0.01 | 9.09 % | - | - | - |
| 1966 | 0.11 | 0.00 | 0.00 % | - | - | - |
| 1967 | 0.13 | 0.02 | 15.38 % | - | - | - |
| 1968 | 0.13 | 0.00 | 0.00 % | - | - | - |
| 1969 | 0.14 | 0.01 | 7.14 % | - | - | - |
| 1970 | 0.17 | 0.03 | 17.65 % | - | - | - |
| 1971 | 0.19 | 0.02 | 10.53 % | - | - | - |
| 1972 | 0.21 | 0.02 | 9.52 % | - | - | - |
| 1973 | 0.26 | 0.05 | 19.23 % | - | - | - |
| 1974 | 0.31 | 0.05 | 16.13 % | - | - | - |
| 1975 | 0.40 | 0.09 | 22.50 % | - | - | - |
| 1976 | 0.44 | 0.04 | 9.09 % | - | - | - |
| 1977 | 0.50 | 0.06 | 12.00 % | - | - | - |
| 1978 | 0.55 | 0.05 | 9.09 % | - | - | - |
| 1979 | 0.67 | 0.12 | 17.91 % | - | - | - |
| 1980 | 1.01 | 0.34 | 33.66 % | - | - | - |
| 1981 | 1.11 | 0.10 | 9.01 % | - | - | - |
| 1982 | 1.16 | 0.05 | 4.31 % | - | - | - |
| 1983 | 1.24 | 0.08 | 6.45 % | - | - | - |
| 1984 | 1.35 | 0.11 | 8.15 % | - | - | - |
| 1985 | 1.41 | 0.06 | 4.26 % | - | - | - |
| 1986 | 1.55 | 0.14 | 9.03 % | - | - | - |
| 1987 | 1.70 | 0.15 | 8.82 % | - | - | - |
| 1988 | 1.81 | 0.11 | 6.08 % | - | - | - |
| 1989 | 2.01 | 0.20 | 9.95 % | - | - | - |
| 1990 | 2.01 | 0.00 | 0.00 % | 2.50 | - | - |
| 1991 | 2.02 | 0.01 | 0.50 % | 2.48 | -0.02 | -0.81 % |
| 1992 | 1.96 | -0.06 | -3.06 % | 2.40 | -0.08 | -3.33 % |
| 1993 | 2.06 | 0.10 | 4.85 % | 2.47 | 0.07 | 2.83 % |
| 1994 | 2.15 | 0.09 | 4.19 % | 2.58 | 0.11 | 4.26 % |
| 1995 | 2.22 | 0.07 | 3.15 % | 2.68 | 0.10 | 3.73 % |
| 1996 | 2.36 | 0.14 | 5.93 % | 2.84 | 0.16 | 5.63 % |
| 1997 | 2.50 | 0.14 | 5.60 % | 3.03 | 0.19 | 6.27 % |
| 1998 | 2.82 | 0.32 | 11.35 % | 3.17 | 0.14 | 4.42 % |
| 1999 | 2.95 | 0.13 | 4.41 % | 3.23 | 0.06 | 1.86 % |
| 2000 | 3.06 | 0.11 | 3.59 % | 3.45 | 0.22 | 6.38 % |
| 2001 | 3.05 | -0.01 | -0.33 % | 3.44 | -0.01 | -0.29 % |
| 2002 | 3.11 | 0.06 | 1.93 % | 3.52 | 0.08 | 2.27 % |
| 2003 | 3.21 | 0.10 | 3.12 % | 3.67 | 0.15 | 4.09 % |
| 2004 | 3.44 | 0.23 | 6.69 % | 3.82 | 0.15 | 3.93 % |
| 2005 | 3.82 | 0.38 | 9.95 % | 4.10 | 0.28 | 6.83 % |
| 2006 | 4.22 | 0.40 | 9.48 % | 4.48 | 0.38 | 8.48 % |
| 2007 | 4.68 | 0.46 | 9.83 % | 4.70 | 0.22 | 4.68 % |
| 2008 | 4.79 | 0.11 | 2.30 % | 4.82 | 0.12 | 2.49 % |
| 2009 | 4.47 | -0.32 | -7.16 % | 4.61 | -0.21 | -4.56 % |
| 2010 | 4.53 | 0.06 | 1.32 % | 4.56 | -0.05 | -1.10 % |
| 2011 | 4.66 | 0.13 | 2.79 % | 4.62 | 0.06 | 1.30 % |
| 2012 | 4.62 | -0.04 | -0.87 % | 4.36 | -0.26 | -5.96 % |
| 2013 | 4.69 | 0.07 | 1.49 % | 4.38 | 0.02 | 0.46 % |
| 2014 | 4.71 | 0.02 | 0.42 % | 4.34 | -0.04 | -0.92 % |
| 2015 | 4.74 | 0.03 | 0.63 % | 4.45 | 0.11 | 2.47 % |
| 2016 | 4.85 | 0.11 | 2.27 % | 4.58 | 0.13 | 2.84 % |
| 2017 | 5.00 | 0.15 | 3.00 % | 4.54 | -0.04 | -0.88 % |
| 2018 | 5.13 | 0.13 | 2.53 % | 4.74 | 0.20 | 4.22 % |
| 2019 | 5.37 | 0.24 | 4.47 % | 4.89 | 0.15 | 3.07 % |
| 2020 | 4.78 | -0.59 | -12.34 % | 4.12 | -0.77 | -18.69 % |
| 2021 | 4.95 | 0.17 | 3.43 % | 4.15 | 0.03 | 0.72 % |
| 2022 | 5.84 | 0.89 | 15.24 % | 5.04 | 0.89 | 17.66 % |
| 2023 | 6.39 | 0.55 | 8.61 % | 5.46 | 0.42 | 7.69 % |