Despite facing global and local headwinds, the Barbados economy sustained its growth trajectory, driven by the robust performance of the tourism sector.
Tourism continued to be the major driver of the economic expansion. The sector's strong performance in its second year of recovery since the COVID-19 pandemic has been bolstered by increased airlift capacity, intensified promotional initiatives in key source markets, high-profile cricket events, and the vibrant revival of the Crop-Over festivities. The sustained growth in tourism has been a catalyst for expansion in the non-traded sectors, particularly energising construction, wholesale & retail, and the business & other services sectors, underscoring the interconnectedness of the economy.
Annual GDP: 5,300 million USD
Annual Tourists: approx 1,048,000
Total Population: appprox 0.287375 million
Total Working Population: approx 167,000
Population Density: 667 persons per square kilometre
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