Barbados GDP Per Capita (2026)
Barbados has a service-oriented Caribbean economy supported by tourism, financial services, international business, trade, construction, and professional services. GDP per capita provides a useful measure of how national economic production compares with the island’s relatively small population. Explore Barbados’s latest GDP per capita data, historical trends, growth patterns, and economic comparisons below.
GDP Per Capita 2026
$29,020
Est. in USD
World Rank
#49
Out of 195 countries
Change vs 2025
+5.6%
+$1,526
North America Rank
#4
Out of 23 countries
1. Barbados GDP Per Capita in 2026
Barbados’s GDP per capita reflects economic output generated for each resident across tourism, finance, trade, construction, and other service industries. Adjusting total GDP for population provides a standardized measure that is useful when comparing Barbados with larger economies. The indicator helps show how visitor spending and service-sector activity translate into output per person.
2. Barbados GDP Per Capita Growth (1980–2026)
3. Barbados GDP Per Capita (Historical Data)
| Year | GDP Per Capita (USD) | Annual Change |
|---|---|---|
| 2026 | $29,020 | +5.6% |
| 2025 | $27,494 | +5.4% |
| 2024 | $26,076 | +4.8% |
| 2023 | $24,877 | +4.5% |
| 2022 | $23,799 | +15.5% |
| 2021 | $20,611 | +9.8% |
| 2020 | $18,768 | -12.6% |
| 2019 | $21,474 | +2.5% |
| 2018 | $20,950 | +2.4% |
| 2017 | $20,465 | +2.7% |
| 2016 | $19,927 | -0.6% |
| 2015 | $20,054 | 0.0% |
| 2014 | $20,061 | +0.1% |
| 2013 | $20,035 | +2.8% |
| 2012 | $19,484 | -1.7% |
| 2011 | $19,826 | +2.1% |
| 2010 | $19,418 | +1.1% |
| 2009 | $19,214 | -6.6% |
| 2008 | $20,581 | +2.0% |
| 2007 | $20,178 | +11.7% |
| 2006 | $18,066 | +11.2% |
| 2005 | $16,245 | +11.8% |
| 2004 | $14,524 | +7.6% |
| 2003 | $13,503 | +3.1% |
| 2002 | $13,092 | +1.4% |
| 2001 | $12,907 | -0.5% |
| 2000 | $12,967 | +2.8% |
| 1999 | $12,615 | +4.6% |
| 1998 | $12,055 | +14.2% |
| 1997 | $10,557 | +5.6% |
| 1996 | $9,993 | +6.7% |
| 1995 | $9,365 | +5.0% |
| 1994 | $8,915 | +3.9% |
| 1993 | $8,580 | +5.7% |
| 1992 | $8,121 | -4.0% |
| 1991 | $8,462 | +0.1% |
| 1990 | $8,456 | -0.1% |
| 1989 | $8,461 | +10.3% |
| 1988 | $7,672 | +6.0% |
| 1987 | $7,239 | +9.7% |
| 1986 | $6,596 | +9.4% |
| 1985 | $6,027 | +4.4% |
| 1984 | $5,775 | +8.7% |
| 1983 | $5,312 | +5.9% |
| 1982 | $5,017 | +4.2% |
| 1981 | $4,816 | +9.7% |
| 1980 | $4,391 | — |
4. Barbados GDP Per Capita Growth
1-Year Change
+5.6%
(2025 to 2026)
5-Year Change
+40.8%
(2021 to 2026)
10-Year Change
+45.6%
(2016 to 2026)
20-Year Change
+60.6%
(2006 to 2026)
Barbados’s GDP per capita can be influenced by tourism demand, international travel, investment, inflation, public finances, and population changes. Because visitor activity is important to the economy, external disruptions can affect annual performance. Historical data helps show how output per resident has evolved through tourism cycles, adjustment periods, and economic recovery.
5. Barbados GDP Per Capita vs North America and World
Barbados
$29,020
North America Average
$30,373
World Average
$25,179
$0
$15,186
$30,373
USD
Barbados’s GDP per capita is approximately
4.5%
below the
North America average
and
15.3%
above the world average.
6. Barbados GDP Per Capita Ranking in North America
| Rank | Country | GDP Per Capita (USD) |
|---|---|---|
| #1 | United States | $94,430 |
| #2 | Canada | $60,305 |
| #3 | Bahamas | $40,892 |
| #4 | Barbados | $29,020 |
| #5 | Antigua and Barbuda | $22,448 |
| #6 | Saint Kitts & Nevis | $22,146 |
| #7 | Panama | $20,564 |
7. GDP vs GDP Per Capita in Barbados
Barbados GDP (Nominal)
$8.5 Billion
(2026)
Barbados GDP Per Capita
$29,020
(2026)
Barbados’s total GDP measures the complete scale of economic activity generated nationwide, while GDP per capita divides that output by population. Total GDP highlights the overall size of the Barbadian economy, whereas GDP per capita provides a clearer measure of economic production per resident. Considering both indicators together gives a broader economic view.
Explore more:
Barbados GDP
8. Barbados GDP Per Capita Forecast
| Year | GDP Per Capita (USD) | Change |
|---|---|---|
| 2027 | $30,556 | +5.3% |
| 2028 | $31,909 | +4.4% |
| 2029 | $33,309 | +4.4% |
| 2030 | $34,772 | +4.4% |
Barbados GDP per capita is projected to reach $34,772 by 2030, representing a 19.8% increase from the 2026 level.
9. Barbados GDP Per Capita: Key Findings
Barbados GDP per capita is estimated at $29,020 in 2026.
It ranks #49 globally and #4 in North America.
GDP per capita increased by 5.6% compared with 2025.
Over the last 5 years, GDP per capita grew by 40.8%.
Over the last 10 years, GDP per capita grew by 45.6%.
It is approximately 4.5% below the North America average.
It is approximately 15.3% above the world average.
The forecast reaches $34,772 by 2030, 19.8% above the 2026 level.
10. What Is GDP Per Capita?
GDP per capita is the total economic output of a country divided by its population.
GDP Per Capita
=
GDP
÷
Population
It helps measure the average economic output per person and is widely used to compare economic performance across countries. Higher values generally indicate greater economic output per resident.
11. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Sources:
World Bank,
United Nations
Population Source:
UN Population Division
Currency:
Current USD (Nominal)
Update Frequency:
Annually
Last Updated:
September 2026
12. Barbados GDP Per Capita FAQs
Barbados GDP per capita is estimated at $29,020 in 2026.
Barbados ranks #49 globally and #4 in North America by GDP per capita.
Yes. GDP per capita increased by approximately 5.6% compared with 2025.
Barbados GDP per capita was approximately $20,054 in 2015.
Barbados GDP per capita is approximately 4.5% below the North America average.
14. Explore GDP Per Capita
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.