Goods and services expense (% of expense) in Barbados
Barbados: Goods and services expense (% of expense) was 13.3% 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 % of expense.
Analysis
In 2016, goods and services expense in Barbados stood at 13.3%.
Compared with earlier readings it is up 2.1% on the previous year and down 6.5% over ten years.
Over the whole period, goods and services expense in Barbados peaked at 15.3% in 2011 and was at its lowest, 10.4%, in 2004.
Barbados ranks 88th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Goods and services expense (% of expense) in Barbados, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 12.0% | — |
| 2004 | 10.4% | -13.2% |
| 2005 | 14.1% | +35.5% |
| 2006 | 14.3% | +0.9% |
| 2007 | 13.4% | -5.9% |
| 2008 | 14.7% | +9.5% |
| 2009 | 14.6% | -0.4% |
| 2010 | 14.0% | -4.5% |
| 2011 | 15.3% | +9.2% |
| 2012 | 14.3% | -6.1% |
| 2013 | 13.2% | -7.8% |
| 2014 | 12.1% | -8.3% |
| 2015 | 13.1% | +7.9% |
| 2016 | 13.3% | +2.1% |
Barbados compared with similar countries
- Barbados's 13.3% is above the median for high income countries, which is 9.6%, 1.4× the median. (56 countries reporting)
- Barbados's 13.3% is below the median for Latin America & Caribbean, which is 15.3%, 87% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.4% | 10.4% | 14.7% | 7 |
| 2010s | 13.6% | 12.1% | 15.3% | 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 goods and services expense in Barbados?
- Goods and services expense in Barbados was 13.3% 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 15.3% in 2011.
- What is the lowest goods and services expense recorded in Barbados?
- The lowest recorded value was 10.4% in 2004.
- How does Barbados rank for goods and services expense?
- Barbados ranks 88th out of 154 countries with data for 2016.
- Is goods and services expense rising or falling in Barbados?
- Over the last ten years it is down 6.5%. 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 (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.