Barbados - GDP per capita (current US$) 1974 - 2022
Barbados's gdp per capita (current us$) is currently $20,018.52 USD (United States dollar) according to the most recent World Bank data for the country (2022).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Barbados's gdp per capita (current us$) for 2022 was $20,018.52, a 16.21% increase from 2021, with a +$2,793 difference.
- In 2021 it was $17,225.46, a 3.49% increase from 2020, with a +$581 difference.
- In 2020 it was $16,643.81, a -12.41% increase from 2019.
- In 2019 it was $19,002.96, a 4.27% increase from 2018.
- In 2018 it was $18,224.89, a 2.14% increase from 2017.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), value for Barbados is currently $10,671.03 (average of years with recorded data) with a lowest recorded value of $1,268.27 in 1974 and a highest value of $20,018.52 in 2022.For comparison, the world wide [World Bank] aggregate for 1974 was $1,343.08 and in 2022 it was $12,647.48. Essentially, in 1974, Barbados contributed 94.43% to the world wide aggregate. While in 2022 it contributed 158.28% to the aggregate, recording a 67.62% increase in amounts contributed within the 48-year period. Nonetheless, the country recorded a 1,478.42% increase in gdp per capita (current us$) within the same period.
Barbados's GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 1974 | $1,268.27 | |
| 1975 | $1,627.66 | 28.34% |
| 1976 | $1,755.17 | 7.83% |
| 1977 | $1,983.06 | 12.98% |
| 1978 | $2,202.64 | 11.07% |
| 1979 | $2,656.65 | 20.61% |
| 1980 | $3,992.04 | 50.27% |
| 1981 | $4,374.85 | 9.59% |
| 1982 | $4,552.94 | 4.07% |
| 1983 | $4,818.68 | 5.84% |
| 1984 | $5,235.13 | 8.64% |
| 1985 | $5,465.20 | 4.39% |
| 1986 | $5,990.46 | 9.61% |
| 1987 | $6,589.38 | 10.00% |
| 1988 | $7,005.50 | 6.32% |
| 1989 | $7,753.03 | 10.67% |
| 1990 | $7,772.81 | 0.26% |
| 1991 | $7,789.39 | 0.21% |
| 1992 | $7,520.79 | -3.45% |
| 1993 | $7,905.68 | 5.12% |
| 1994 | $8,220.28 | 3.98% |
| 1995 | $8,451.96 | 2.82% |
| 1996 | $8,994.32 | 6.42% |
| 1997 | $9,491.48 | 5.53% |
| 1998 | $10,685.26 | 12.58% |
| 1999 | $11,173.95 | 4.57% |
| 2000 | $11,560.25 | 3.46% |
| 2001 | $11,510.04 | -0.43% |
| 2002 | $11,658.63 | 1.29% |
| 2003 | $11,998.18 | 2.91% |
| 2004 | $12,828.44 | 6.92% |
| 2005 | $14,173.75 | 10.49% |
| 2006 | $15,595.64 | 10.03% |
| 2007 | $17,219.05 | 10.41% |
| 2008 | $17,550.66 | 1.93% |
| 2009 | $16,310.46 | -7.07% |
| 2010 | $16,489.80 | 1.10% |
| 2011 | $16,907.21 | 2.53% |
| 2012 | $16,691.33 | -1.28% |
| 2013 | $16,893.61 | 1.21% |
| 2014 | $16,924.19 | 0.18% |
| 2015 | $16,990.22 | 0.39% |
| 2016 | $17,343.73 | 2.08% |
| 2017 | $17,843.20 | 2.88% |
| 2018 | $18,224.89 | 2.14% |
| 2019 | $19,002.96 | 4.27% |
| 2020 | $16,643.81 | -12.41% |
| 2021 | $17,225.46 | 3.49% |
| 2022 | $20,018.52 | 16.21% |
Expand
Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Barbados comes in 11th with $20,018.50 gdp per capita (current us$).
- Within the same region, Cayman Islands comes in 1st with $88,475.60, gdp per capita (current us$).
- Virgin Islands (U.S.) comes in 2nd with $39,552.20.
- Sint Maarten (Dutch part) comes in 3rd with $36,220.30.
- Puerto Rico comes in 4th with $35,208.60.
- Bahamas, The comes in 5th with $31,458.30.
- Aruba comes in 6th with $29,342.10.
- Turks and Caicos Islands comes in 7th with $24,917.60.
- St. Martin (French part) comes in 8th with $21,920.00.
- Uruguay comes in 9th with $20,795.00.
- St. Kitts and Nevis comes in 10th with $20,176.70.
- Guyana comes in 12th with $18,989.80.
- Antigua and Barbuda comes in 13th with $18,745.20.
- Trinidad and Tobago comes in 14th with $18,222.30.
- Curacao comes in 15th with $17,717.60.
- Panama comes in 16th with $17,357.60.
- Venezuela, RB comes in 17th with $15,975.70.
- Chile comes in 18th with $15,355.50.
- Argentina comes in 19th with $13,686.00.
- Costa Rica comes in 20th with $13,198.80.
- And St. Lucia comes in 21st with $11,481.50, gdp per capita (current us$).
GDP per capita (current US$), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Cayman Islands | $88,475.60 | 2021 |
| 2 | Virgin Islands (U.S.) | $39,552.20 | 2020 |
| 3 | Sint Maarten (Dutch part) | $36,220.30 | 2022 |
| 4 | Puerto Rico | $35,208.60 | 2022 |
| 5 | Bahamas, The | $31,458.30 | 2022 |
| 6 | Aruba | $29,342.10 | 2021 |
| 7 | Turks and Caicos Islands | $24,917.60 | 2022 |
| 8 | St. Martin (French part) | $21,920.00 | 2014 |
| 9 | Uruguay | $20,795.00 | 2022 |
| 10 | St. Kitts and Nevis | $20,176.70 | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Barbados comes in 64th with $20,018.50 gdp per capita (current us$).
- Within the same income group, Oman comes in 54th with $25,056.80, gdp per capita (current us$).
- Turks and Caicos Islands comes in 55th with $24,917.60.
- Lithuania comes in 56th with $24,826.80.
- Portugal comes in 57th with $24,274.50.
- St. Martin (French part) comes in 58th with $21,920.00.
- Latvia comes in 59th with $21,851.10.
- Slovak Republic comes in 60th with $21,258.10.
- Uruguay comes in 61st with $20,795.00.
- Greece comes in 62nd with $20,732.10.
- St. Kitts and Nevis comes in 63rd with $20,176.70.
- French Polynesia comes in 65th with $19,999.10.
- Guyana comes in 66th with $18,989.80.
- Antigua and Barbuda comes in 67th with $18,745.20.
- Hungary comes in 68th with $18,463.20.
- Croatia comes in 69th with $18,413.20.
- Poland comes in 70th with $18,321.30.
- Trinidad and Tobago comes in 71st with $18,222.30.
- Curacao comes in 72nd with $17,717.60.
- Panama comes in 73rd with $17,357.60.
- And Northern Mariana Islands comes in 74th with $17,302.90, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Bermuda | $118,846.00 | 2022 |
| 5 | Norway | $106,149.00 | 2022 |
| 6 | Ireland | $104,039.00 | 2022 |
| 7 | Switzerland | $92,101.50 | 2022 |
| 8 | Cayman Islands | $88,475.60 | 2021 |
| 9 | Qatar | $88,046.30 | 2022 |
| 10 | Singapore | $82,807.60 | 2022 |
| 11 | Isle of Man | $79,530.60 | 2020 |
| 12 | United States | $76,398.60 | 2022 |
| 13 | Iceland | $72,903.00 | 2022 |
| 14 | Faroe Islands | $69,010.20 | 2021 |