GDP Growth Rate
Year -
2.48%
In 2024, Barbados experienced a significant a decrease in its GDP growth rate, which fall to 2.48% from 2.91% in 2023. Additionally, the GDP per capita growth rate in Barbados decrease to 2.43% in 2024, compared to 2.91% in 2023.
In 2024, Barbados experienced a decrease in economic performance, with the GDP growth rate falling by 0.43%. Additionally, the GDP per capita growth rate decrease by 0.48%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 7.7% | 7.70% | 6.65% | 6.65% |
| 1962 | 9.06% | 1.36% | 8.1% | 1.45% |
| 1963 | -5.08% | -14.14% | -6.01% | -14.11% |
| 1964 | 5% | 10.08% | 3.95% | 9.96% |
| 1965 | 11.43% | 6.43% | 10.3% | 6.35% |
| 1966 | 4% | -7.43% | 2.91% | -7.39% |
| 1967 | 10.64% | 6.64% | 9.7% | 6.79% |
| 1968 | 6.92% | -3.72% | 6.3% | -3.40% |
| 1969 | 7.52% | 0.60% | 7.13% | 0.83% |
| 1970 | 9.51% | 1.99% | 9.53% | 2.40% |
| 1971 | 3.91% | -5.60% | 4% | -5.53% |
| 1972 | 1.27% | -2.64% | 1.08% | -2.92% |
| 1973 | 1.34% | 0.07% | 1.07% | -0.01% |
| 1974 | -4.65% | -5.99% | -4.82% | -5.89% |
| 1975 | -1.9% | 2.75% | -2.06% | 2.76% |
| 1976 | 4.36% | 6.26% | 4.25% | 6.31% |
| 1977 | 3.64% | -0.72% | 3.57% | -0.68% |
| 1978 | 4.88% | 1.24% | 4.91% | 1.34% |
| 1979 | 7.89% | 3.01% | 8.01% | 3.10% |
| 1980 | 4.37% | -3.52% | 4.27% | -3.74% |
| 1981 | -1.9% | -6.27% | -2.19% | -6.46% |
| 1982 | -4.9% | -3.00% | -5.21% | -3.02% |
| 1983 | 0.5% | 5.40% | 0.15% | 5.36% |
| 1984 | 3.6% | 3.10% | 3.22% | 3.07% |
| 1985 | 1.1% | -2.50% | 0.74% | -2.48% |
| 1986 | 5.1% | 4.00% | 4.78% | 4.04% |
| 1987 | 2.59% | -2.51% | 2.33% | -2.45% |
| 1988 | 3.51% | 0.92% | 3.31% | 0.98% |
| 1989 | 3.6% | 0.09% | 3.46% | 0.15% |
| 1990 | -3.31% | -6.91% | -3.48% | -6.94% |
| 1991 | -3.9% | -0.59% | -4.19% | -0.71% |
| 1992 | -5.69% | -1.79% | -6.02% | -1.83% |
| 1993 | 0.79% | 6.48% | 0.5% | 6.52% |
| 1994 | 2.01% | 1.22% | 1.78% | 1.28% |
| 1995 | 2.01% | 0.00% | 1.85% | 0.07% |
| 1996 | 3.98% | 1.97% | 3.88% | 2.03% |
| 1997 | 4.74% | 0.76% | 4.7% | 0.82% |
| 1998 | 3.73% | -1.01% | 3.71% | -0.99% |
| 1999 | 0.33% | -3.40% | 0.3% | -3.41% |
| 2000 | 4.45% | 4.12% | 4.63% | 4.33% |
| 2001 | -2.37% | -6.82% | -2.5% | -7.13% |
| 2002 | 0.79% | 3.16% | 0.13% | 2.63% |
| 2003 | 2.18% | 1.39% | 1.55% | 1.42% |
| 2004 | 1.41% | -0.77% | 0.83% | -0.72% |
| 2005 | 3.96% | 2.55% | 3.41% | 2.58% |
| 2006 | 6.07% | 2.11% | 5.56% | 2.15% |
| 2007 | 2.08% | -3.99% | 1.6% | -3.96% |
| 2008 | 0.63% | -1.45% | 0.11% | -1.49% |
| 2009 | -5.02% | -5.65% | -5.51% | -5.62% |
| 2010 | -2.22% | 2.80% | -2.62% | 2.89% |
| 2011 | -0.31% | 1.91% | -0.63% | 1.99% |
| 2012 | -3.41% | -3.10% | -3.69% | -3.06% |
| 2013 | -1.77% | 1.64% | -2.03% | 1.66% |
| 2014 | 0.75% | 2.52% | 0.51% | 2.54% |
| 2015 | -1.17% | -1.92% | -1.4% | -1.91% |
| 2016 | 1.5% | 2.67% | 1.28% | 2.68% |
| 2017 | 0.71% | -0.79% | 0.5% | -0.78% |
| 2018 | -1.28% | -1.99% | -1.47% | -1.97% |
| 2019 | 0.23% | 1.51% | 0.05% | 1.52% |
| 2020 | -14.36% | -14.59% | -14.51% | -14.56% |
| 2021 | -0.1% | 14.26% | -0.26% | 14.25% |
| 2022 | 17.23% | 17.33% | 17.16% | 17.42% |
| 2023 | 2.91% | -14.32% | 2.91% | -14.25% |
| 2024 | 2.48% | -0.43% | 2.43% | -0.48% |