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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 country enjoys one of the highest per capita incomes in the region. Offshore finance and information services are ...  More..

Economy of Barbados
SOURCE: CIA - The World Factbook
Currency Barbadian Dollar
GDP (PPP) $5.278 billion (2009 est.)
GDP (per capita) $18,500 (2009 est.)
Exports $385 million (2006)
Imports $1.586 billion (2006)
Main Industries Tourism, Sugar, Light Manufacturing, Component Assembly For Export
Exports - Commodities Manufactures, Sugar and Molasses, Rum, Other Foods and Beverages, Chemicals, Electrical Components
Imports - Commodities Consumer Goods, Machinery, Foodstuffs, Construction Materials, Chemicals, Fuel, Electrical Components
Exports Partners Trinidad and Tobago 15.6%, Jamaica 13.9%, Brazil 9.9%, US 8.6%, UK 7.8%, Saint Lucia 7.2%, Saint Vincent and the Grenadines 4.5% (2008)
Imports Partners US 26.9%, Trinidad and Tobago 25.4%, Russia 7%, Colombia 6.4%, Germany 4.1% (2008)

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