Compensation of employees (current LCU) in Barbados
Barbados: Compensation of employees (current LCU) was 807.10 million current LCU in 2016. ▲ Rising
Compensation of employees in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Barbados recorded 807.10 million current LCU for compensation of employees in 2016.
That represents a change of down 0.3% on the previous year and up 11.8% over ten years.
Over the whole period, compensation of employees in Barbados peaked at 906.11 million current LCU in 2012 and was at its lowest, 701.29 million current LCU, in 2005.
That places Barbados 141st out of 156 countries with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Compensation of employees (current LCU) in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 782.96 million current LCU | — |
| 2004 | 738.40 million current LCU | -5.7% |
| 2005 | 701.29 million current LCU | -5.0% |
| 2006 | 721.78 million current LCU | +2.9% |
| 2007 | 809.15 million current LCU | +12.1% |
| 2008 | 832.70 million current LCU | +2.9% |
| 2009 | 882.25 million current LCU | +6.0% |
| 2010 | 885.10 million current LCU | +0.3% |
| 2011 | 893.35 million current LCU | +0.9% |
| 2012 | 906.11 million current LCU | +1.4% |
| 2013 | 895.58 million current LCU | -1.2% |
| 2014 | 826.40 million current LCU | -7.7% |
| 2015 | 809.83 million current LCU | -2.0% |
| 2016 | 807.10 million current LCU | -0.3% |
Barbados compared with similar countries
- Barbados's 807.10 million current LCU is below the median for high income countries, which is 23.97 billion current LCU, 3% of the median. (57 countries reporting)
- Barbados's 807.10 million current LCU is below the median for Latin America & Caribbean, which is 34.98 billion current LCU, 2% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 781.22 million current LCU | 701.29 million current LCU | 882.25 million current LCU | 7 |
| 2010s | 860.50 million current LCU | 807.10 million current LCU | 906.11 million current LCU | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 10.00 million SIPRI trend indicator values (2009)
- Arms imports (SIPRI trend indicator values), per capita 36.48 SIPRI trend indicator values per person (2009)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0022 SIPRI trend indicator values per US$ of GDP (2009)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2009)
Frequently asked questions
- What is compensation of employees in Barbados?
- Compensation of employees in Barbados was 807.10 million current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Barbados?
- The highest recorded value was 906.11 million current LCU in 2012.
- What is the lowest compensation of employees recorded in Barbados?
- The lowest recorded value was 701.29 million current LCU in 2005.
- How does Barbados rank for compensation of employees?
- Barbados ranks 141st out of 156 countries with data for 2016.
- Is compensation of employees rising or falling in Barbados?
- Over the last ten years it is up 11.8%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.