Imports$1.55 billion (2011 est.)
Exports$447.3 million (2011 est.)
Inflation rate (consumer prices)9.1% (2011 est.)
Unemployment rate12% (2011 est.)
GDP - per capita (PPP)$23,700 (2011 est.)
National product real growth rate-0.7% (2010 est.)
Internet users188,000 (2008)
Telephones - mobile cellular350,100 (2009)
Population growth rate0.354% (2012 est.)
Population287,733 (July 2012 est.)
The island was uninhabited when first settled by the British in 1627.
Slaves worked the sugar plantations established on the island until 1834 when slavery was abolished.
The economy remained heavily dependent on sugar, rum, and molasses production through most of the 20th century....
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 Economist Intelligence Unit
Outlook for 2016-17 Tourism will grow moderately in 2016, after a dramatic surge in 2015, prompting continued improvement to the island's large fiscal and current-account deficits and benefiting the ...