Official Name: | Barbados |
Sovereign Status: | Sovereign Country |
Government Type: | Parliamentary Republic |
Official Name (Local Language): | Barbados |
ISO Country Codes: | BB : BRB |
Internet Domain: | .bb |
Government Web Site: | https://www.gov.bb/ |
Capital: | Bridgetown | Main Airports: | Grantley Adams International Airport |
Language(s): | English | Population: | 302,674 |
Currency: | Barbados Dollar | ISO Currency Code: | BBD |
Telephone Dial In: | +1 246 | ID Prefix: | 011 |
Government Website: | https://www.gov.bb/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/barbados |
Central Bank: | Central Bank of Barbados |
Currency USD Exchange Rate: | 2 Barbadian dollars (BBD) per US dollar (2017 est.) |
Unemployment Rate: | 10.1% (2017 est.) |
Population below poverty line: | NA |
Inflation Rate: | 4.4% (2017 est.) |
Prime Lending Rate: | 4% (Nov-20 - TradingEconomics) |
GDP: | $3.868 billion (2021 est.) |
GDP Pro Capita (PPP): | $13,800 (2021 est.) |
Currency Name: | Barbados Dollar |
Currency Code: | BBD |
World Bank Classification: | High-Income Economy |
GDP Composition:
Agriculture: | 2.8% | sugarcane, vegetables, cotton |
Industry: | 11.7% | tourism, sugar, light manufacturing, component assembly for export |
Services: | 85.5% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English |
Customs & Excise: | Barbados Revenue Authority |
Development Bank(s): | Caribbean Development Bank; Development Bank of Latin America; Inter-American Development Bank; |
National Standards Bureau: | Barbados National Standards Institution |
Competitive Ind’l Performance: 77/141 (2019) | Corruption Perceptions Index: 29/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: N/A |
Global Trade Alert | Search ITC's Lega Carta |
Export Credit Agency: Caribbean Export Development Agency ; Central Bank of Barbados ;
Export Promotion Agency: Caribbean Export Development Agency ; Investment Agency: Caribbean Association of Investment Promotion Agencies ; Export Barbados The Barbados Investment and Development Corporation (BIDC) commenced operations on December 1, 1992, for the purpose of developing Barbados’ industrial, export, and other related activities. ; Invest Barbados ;
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