Barbados - Inflation, consumer prices (annual %) 1967 - 2019
Barbados's inflation, consumer prices (annual %) is currently 4.1%, according to the most recent World Bank data for the country (2019).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Barbados's inflation, consumer prices (annual %) for 2019 was 4.1%, a 11.61% increase from 2018.
- In 2018 it was 3.674%, a -21.17% increase from 2017, with a -1 difference.
- In 2017 it was 4.66%, a 263.53% increase from 2016.
- In 2016 it was 1.282%, a 215.20% increase from 2015.
- In 2015 it was -1.113%, a -162.89% increase from 2014.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Barbados is currently 6.164% (average of years with recorded data) with a lowest recorded value of -1.2689% in 1998 and a highest value of 38.9229% in 1974.
Barbados's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1967 | 3.635% | |
| 1968 | 7.489% | 106.02% |
| 1969 | 5.835% | -22.08% |
| 1970 | 7.284% | 24.83% |
| 1971 | 7.469% | 2.54% |
| 1972 | 11.877% | 59.01% |
| 1973 | 16.855% | 41.92% |
| 1974 | 38.923% | 130.93% |
| 1975 | 20.294% | -47.86% |
| 1976 | 4.987% | -75.43% |
| 1977 | 8.352% | 67.49% |
| 1978 | 9.482% | 13.53% |
| 1979 | 13.17% | 38.89% |
| 1980 | 14.431% | 9.57% |
| 1981 | 14.568% | 0.95% |
| 1982 | 10.332% | -29.07% |
| 1983 | 5.23% | -49.38% |
| 1984 | 4.686% | -10.41% |
| 1985 | 3.915% | -16.45% |
| 1986 | 1.33% | -66.03% |
| 1987 | 3.312% | 148.99% |
| 1988 | 4.859% | 46.72% |
| 1989 | 6.19% | 27.40% |
| 1990 | 3.075% | -50.33% |
| 1991 | 6.258% | 103.53% |
| 1992 | 6.094% | -2.61% |
| 1993 | 1.113% | -81.73% |
| 1994 | 0.077% | -93.07% |
| 1995 | 1.879% | 2,333.62% |
| 1996 | 2.386% | 27.00% |
| 1997 | 7.711% | 223.14% |
| 1998 | -1.269% | -116.46% |
| 1999 | 1.56% | 222.95% |
| 2000 | 2.436% | 56.14% |
| 2001 | 2.578% | 5.83% |
| 2002 | 0.125% | -95.14% |
| 2003 | 1.619% | 1,192.97% |
| 2004 | 1.394% | -13.89% |
| 2005 | 6.082% | 336.18% |
| 2006 | 7.308% | 20.15% |
| 2007 | 4.034% | -44.79% |
| 2008 | 8.108% | 100.98% |
| 2009 | 3.644% | -55.06% |
| 2010 | 5.824% | 59.84% |
| 2011 | 9.432% | 61.95% |
| 2012 | 4.533% | -51.94% |
| 2013 | 1.814% | -59.98% |
| 2014 | 1.77% | -2.46% |
| 2015 | -1.113% | -162.89% |
| 2016 | 1.282% | 215.20% |
| 2017 | 4.66% | 263.53% |
| 2018 | 3.674% | -21.17% |
| 2019 | 4.1% | 11.61% |
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Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Barbados comes in 24th with 4.1% inflation, consumer prices (annual %).
- Within the same region, Costa Rica comes in 14th with 8.275%, inflation, consumer prices (annual %).
- Mexico comes in 15th with 7.896%.
- Antigua and Barbuda comes in 16th with 7.531%.
- El Salvador comes in 17th with 7.199%.
- Guatemala comes in 18th with 6.885%.
- St. Lucia comes in 19th with 6.378%.
- St. Vincent and the Grenadines comes in 20th with 5.66%.
- Bahamas, The comes in 21st with 5.605%.
- Guyana comes in 22nd with 5.033%.
- Aruba comes in 23rd with 4.257%.
- Ecuador comes in 25th with 3.466%.
- Belize comes in 26th with 3.236%.
- Panama comes in 27th with 2.857%.
- St. Kitts and Nevis comes in 28th with 2.667%.
- Curacao comes in 29th with 2.622%.
- Sint Maarten (Dutch part) comes in 30th with 2.192%.
- Trinidad and Tobago comes in 31st with 2.059%.
- Bolivia comes in 32nd with 1.746%.
- Grenada comes in 33rd with 1.22%.
- And Cayman Islands comes in 34th with -0.625%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Barbados comes in 46th with 4.1% inflation, consumer prices (annual %).
- Within the same income group, Singapore comes in 36th with 6.121%, inflation, consumer prices (annual %).
- Norway comes in 37th with 5.764%.
- Bahamas, The comes in 38th with 5.605%.
- France comes in 39th with 5.222%.
- Korea, Rep. comes in 40th with 5.088%.
- Guyana comes in 41st with 5.033%.
- Qatar comes in 42nd with 4.995%.
- United Arab Emirates comes in 43rd with 4.828%.
- Israel comes in 44th with 4.394%.
- Aruba comes in 45th with 4.257%.
- Brunei Darussalam comes in 47th with 3.682%.
- Bahrain comes in 48th with 3.626%.
- Kuwait comes in 49th with 3.424%.
- Panama comes in 50th with 2.857%.
- Switzerland comes in 51st with 2.835%.
- Oman comes in 52nd with 2.812%.
- St. Kitts and Nevis comes in 53rd with 2.667%.
- Curacao comes in 54th with 2.622%.
- Japan comes in 55th with 2.498%.
- And Saudi Arabia comes in 56th with 2.474%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |