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.)
About this country
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....
GDP was flat in 2012 after growing by 0.6% in 2011 and, according to the central bank, it fell 0.4% in Q1 2013. This recent weakness is due to sluggish tourism, the main source of export revenues. However, ...
The Economist Intelligence Unit
Outlook for 2014-15 The island's economic woes, capped by widening fiscal and current-account deficits, will remain the most pressing challenge for the prime minister, Freundel Stuart of the Democratic ...
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