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Contacts

Luiz Yamasaki
Director
Middle Market

e-mail: lyamasaki@bladex.com
t: (55-11) 2198-9606

 

Ulysses Marciano
Director
Corporate Banking

e-mail: umarciano@bladex.com
t: (55-11) 2198-9606

 

Pierre Dulin
Director
Financial Institutions and Solutions

e-mail: pdulin@bladex.com
t: (1- 305) 358-8801


Currency exchange
07-Sep-2010

1.96 = 1US$





Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 256,000
Area 431 km2
Local Currency Barbadian Dollar (BBD)
Literacy 99.7%
Economically active population 111,872
as % of total population 43.7%
Unemployment rate 7.6%
   
Gross Domestic Product (GDP) 4,155 US$ millions
as % of Regional GDP 0.1% (Latin America GDP 2009 = US$ 3,928,300 millions)
GDP per Head 16,230 US$

Important dates
  • January 1 - New Year
  • January 21 - Errol Barrow's Day
  • Holy Friday - Changes every year
  • Easter Monday - Changes every year
  • April 28 - Heros' Holiday
  • May 1 - Labor Day
  • June 5 - Pentecost Day
  • August 1 - Emancipation Day
  • August 7 - Kadooment Day
  • November 30 - Independence Day
  • December 25 - Christmas
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Economic Statistics
(years 2006 - 2009)
Barbados has a Gross Domestic Product of US$4,155MM. This is distributed by sectors in the following way: agriculture with 6.0%, having as main products sugarcane, vegetables, cotton; industry with 16.0%, having as main products tourism, sugar, light manufacturing; and the services sector with 78.0%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP (proj.10: Source IMF april 2010) 3.6% 3.8% -0.2% -4.8% -0.5%
Nominal GDP (US$ millions) 3,901 4,117 4,195 4,155  
GDP per Head (US$) 15,357 16,469 16,452 16,230  
GDP by Sector     100.0%    
Agriculture     6.0%    
Industry     16.0%    
Services   78.0%    
Inflation rate 7.3% 4.0% 8.1% 3.6% 5.3%
Budget Balance -1.7% -1.6% -5.5% -7.9%  

GPD Growth
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Trade Statistics
Regarding foreign trade, US represents its main commercial partner buying 21.0% of Barbadian exports, whereas the main export products are constituted by manufactured products.


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
US 21.0% US 36.8%
EU 11.8% Trinidad & Tobago 19.8%
Trinidad & Tobago 9.5% EU 13.4%
Santa Lucia 5.4% Japan 3.6%
By products By products
Manufactures 53.0% Manufactures 59.0%
Fuels and mining products 23.1% Fuels and mining products 21.3%
Agricultural products 23.1% Agricultural products 19.1%
   
 


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proj. 2010
 
Exports of goods 518 535 497 380  
Imports of goods 1,536 1,635 1,758 1,303  
Current Account Balance -256 -185 -428 -187  
% GDP
 -6.6% -4.5% -10.2% -4.5%  



2006 2007 2008 est. 2009 proj. 2010
Foreign Debt Stock 1,494 1,565 1,523    
% GDP 38.3% 38.0% 36.3%    
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Country links
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