Goods and services expense in Barbados
Barbados: Goods and services expense was 435.70 million current LCU in 2016. ▲ Rising
Goods and services expense in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Barbados is 435.70 million current LCU, measured in 2016.
That represents a change of up 0.2% on the previous year and up 34.6% over ten years.
Over the whole period, goods and services expense in Barbados peaked at 469.35 million current LCU in 2012 and was at its lowest, 185.40 million current LCU, in 2004.
Barbados ranks 140th of 155 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Goods and services expense in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 208.23 million current LCU | — |
| 2004 | 185.40 million current LCU | -11.0% |
| 2005 | 303.50 million current LCU | +63.7% |
| 2006 | 323.66 million current LCU | +6.6% |
| 2007 | 366.99 million current LCU | +13.4% |
| 2008 | 434.52 million current LCU | +18.4% |
| 2009 | 444.35 million current LCU | +2.3% |
| 2010 | 435.27 million current LCU | -2.0% |
| 2011 | 458.99 million current LCU | +5.4% |
| 2012 | 469.35 million current LCU | +2.3% |
| 2013 | 438.81 million current LCU | -6.5% |
| 2014 | 380.47 million current LCU | -13.3% |
| 2015 | 434.83 million current LCU | +14.3% |
| 2016 | 435.70 million current LCU | +0.2% |
Barbados compared with similar countries
- Barbados's 435.70 million current LCU is below the median for high income countries, which is 14.51 billion current LCU, 3% of the median. (57 countries reporting)
- Barbados's 435.70 million current LCU is below the median for Latin America & Caribbean, which is 14.98 billion current LCU, 3% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 323.81 million current LCU | 185.40 million current LCU | 444.35 million current LCU | 7 |
| 2010s | 436.20 million current LCU | 380.47 million current LCU | 469.35 million current LCU | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is goods and services expense in Barbados?
- Goods and services expense in Barbados was 435.70 million current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Barbados?
- The highest recorded value was 469.35 million current LCU in 2012.
- What is the lowest goods and services expense recorded in Barbados?
- The lowest recorded value was 185.40 million current LCU in 2004.
- How does Barbados rank for goods and services expense?
- Barbados ranks 140th out of 155 countries with data for 2016.
- Is goods and services expense rising or falling in Barbados?
- Over the last ten years it is up 34.6%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.