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Barbados: GDP per capita (constant 2015 US$)

In , Barbados's GDP per capita (constant 2015 US$) was 21,581.22.

That's up 2.4% from 2023, the highest value since .

The global average for this indicator in 2024 was 17,657.68 . Barbados ranks #48 globally out of 192 reporting countries. Within Latin America & Caribbean, it ranks #8 of 38.

Source: World Bank Open Data (NY.GDP.PCAP.KD) • Data as of 2024

Trend (2005–2024)

Barbados GDP per capita (constant 2015 US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
23,887.73
Trough
17,475.03
1-year change
+2.4%
5-year change
+5.3%
+1.0% / yr
10-year change
+4.2%
+0.4% / yr

Historical Data — Last 10 Years

Year GDP per capita (constant 2015 US$)
21,581.2171
21,068.2610
20,472.9494
17,475.0282
17,519.8371
20,494.3872
20,483.9551
20,788.7047
20,684.7802
20,424.2088

About GDP per capita (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.PCAP.KD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Barbados's GDP per capita (constant 2015 US$) in 2024?
In 2024, Barbados's GDP per capita (constant 2015 US$) was 21,581.22, according to World Bank Open Data.
Is Barbados's GDP per capita (constant 2015 US$) rising or falling?
Barbados's GDP per capita (constant 2015 US$) rose 2.4% from 2023 to 2024.
How does Barbados rank globally on GDP per capita (constant 2015 US$)?
In 2024, Barbados ranked #48 out of 192 countries reporting GDP per capita (constant 2015 US$).
How does Barbados's GDP per capita (constant 2015 US$) compare to the world average?
The global average for GDP per capita (constant 2015 US$) in 2024 was 17,657.68, so Barbados is above the world average. Within Latin America & Caribbean, it ranks #8 of 38.
What is GDP per capita (constant 2015 US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.PCAP.KD), CC BY 4.0.