GDP Growth Rate
Year -
4.52%
In 2023, Barbados experienced a significant a decrease in its GDP growth rate, which fall to 4.52% from 13.48% in 2022. Additionally, the GDP per capita growth rate in Barbados decrease to 4.38% in 2023, compared to 13.31% in 2022.
In 2023, Barbados experienced a decrease in economic performance, with the GDP growth rate falling by 8.96%. Additionally, the GDP per capita growth rate decrease by 8.93%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 7.7% | 7.70% | 7.17% | 7.17% |
| 1962 | 9.06% | 1.36% | 8.54% | 1.37% |
| 1963 | -5.08% | -14.14% | -5.5% | -14.04% |
| 1964 | 5% | 10.08% | 4.58% | 10.08% |
| 1965 | 11.43% | 6.43% | 11.03% | 6.45% |
| 1966 | 4% | -7.43% | 3.65% | -7.38% |
| 1967 | 10.64% | 6.64% | 10.29% | 6.64% |
| 1968 | 6.92% | -3.72% | 6.62% | -3.67% |
| 1969 | 7.52% | 0.60% | 7.21% | 0.59% |
| 1970 | 9.51% | 1.99% | 9.15% | 1.94% |
| 1971 | 3.91% | -5.60% | 3.5% | -5.65% |
| 1972 | 1.27% | -2.64% | 0.81% | -2.69% |
| 1973 | 1.34% | 0.07% | 0.85% | 0.04% |
| 1974 | -4.65% | -5.99% | -5.12% | -5.97% |
| 1975 | -1.9% | 2.75% | -2.39% | 2.73% |
| 1976 | 4.36% | 6.26% | 3.83% | 6.22% |
| 1977 | 3.64% | -0.72% | 3.1% | -0.73% |
| 1978 | 4.88% | 1.24% | 4.31% | 1.21% |
| 1979 | 7.89% | 3.01% | 7.33% | 3.02% |
| 1980 | 4.37% | -3.52% | 3.86% | -3.47% |
| 1981 | -1.9% | -6.27% | -2.33% | -6.19% |
| 1982 | -4.9% | -3.00% | -5.26% | -2.93% |
| 1983 | 0.5% | 5.40% | 0.16% | 5.42% |
| 1984 | 3.6% | 3.10% | 3.29% | 3.13% |
| 1985 | 1.1% | -2.50% | 0.85% | -2.44% |
| 1986 | 5.1% | 4.00% | 4.92% | 4.07% |
| 1987 | 2.59% | -2.51% | 2.48% | -2.44% |
| 1988 | 3.51% | 0.92% | 3.46% | 0.98% |
| 1989 | 3.6% | 0.09% | 3.6% | 0.14% |
| 1990 | -3.31% | -6.91% | -3.35% | -6.95% |
| 1991 | -3.9% | -0.59% | -4.1% | -0.75% |
| 1992 | -5.69% | -1.79% | -5.99% | -1.89% |
| 1993 | 0.79% | 6.48% | 0.49% | 6.48% |
| 1994 | 2.01% | 1.22% | 1.73% | 1.24% |
| 1995 | 2.01% | 0.00% | 1.78% | 0.05% |
| 1996 | 3.98% | 1.97% | 3.78% | 2.00% |
| 1997 | 4.74% | 0.76% | 4.57% | 0.79% |
| 1998 | 3.73% | -1.01% | 3.56% | -1.01% |
| 1999 | 0.33% | -3.40% | 0.13% | -3.43% |
| 2000 | 4.45% | 4.12% | 4.25% | 4.12% |
| 2001 | -2.37% | -6.82% | -2.63% | -6.88% |
| 2002 | 0.79% | 3.16% | 0.38% | 3.01% |
| 2003 | 2.18% | 1.39% | 1.78% | 1.40% |
| 2004 | 1.41% | -0.77% | 1.03% | -0.75% |
| 2005 | 3.96% | 2.55% | 3.58% | 2.55% |
| 2006 | 6.07% | 2.11% | 5.7% | 2.12% |
| 2007 | 2.08% | -3.99% | 1.7% | -4.00% |
| 2008 | 0.63% | -1.45% | 0.19% | -1.51% |
| 2009 | -5.02% | -5.65% | -5.42% | -5.61% |
| 2010 | -2.22% | 2.80% | -2.55% | 2.87% |
| 2011 | -0.77% | 1.45% | -1.05% | 1.50% |
| 2012 | -0.25% | 0.52% | -0.51% | 0.54% |
| 2013 | -1.31% | -1.06% | -1.55% | -1.04% |
| 2014 | -0.06% | 1.25% | -0.28% | 1.27% |
| 2015 | 2.42% | 2.48% | 2.21% | 2.49% |
| 2016 | 2.55% | 0.13% | 2.34% | 0.13% |
| 2017 | 0.51% | -2.04% | 0.32% | -2.02% |
| 2018 | -0.75% | -1.26% | -0.92% | -1.24% |
| 2019 | 0.38% | 1.13% | 0.2% | 1.12% |
| 2020 | -12.54% | -12.92% | -12.7% | -12.90% |
| 2021 | -1.18% | 11.36% | -1.36% | 11.34% |
| 2022 | 13.48% | 14.66% | 13.31% | 14.67% |
| 2023 | 4.52% | -8.96% | 4.38% | -8.93% |