Net incurrence of liabilities, total (% of GDP) in Barbados
Barbados: Net incurrence of liabilities, total (% of GDP) was 4.1% in 2016. ▲ Rising
Net incurrence of liabilities, total in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Barbados is 4.1%, measured in 2016.
Compared with earlier readings it is down 53.4% on the previous year and up 280.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Barbados peaked at 11.4% in 2007 and was at its lowest, 1.0%, in 2003.
Barbados ranks 56th of 136 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Net incurrence of liabilities, total (% of GDP) in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 1.0% | — |
| 2005 | 3.2% | +206.1% |
| 2006 | 1.1% | -66.3% |
| 2007 | 11.4% | +959.6% |
| 2008 | 6.7% | -41.1% |
| 2009 | 10.7% | +59.9% |
| 2010 | 8.5% | -21.2% |
| 2011 | 6.0% | -28.5% |
| 2012 | 9.7% | +60.5% |
| 2013 | 7.7% | -20.1% |
| 2014 | 8.2% | +5.6% |
| 2015 | 8.8% | +7.2% |
| 2016 | 4.1% | -53.4% |
Barbados compared with similar countries
- Barbados's 4.1% is above the median for high income countries, which is 3.5%, 1.2× the median. (41 countries reporting)
- Barbados's 4.1% is above the median for Latin America & Caribbean, which is 2.7%, 1.5× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +959.6% | 1.1% | 11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.7% | 1.0% | 11.4% | 6 |
| 2010s | 7.6% | 4.1% | 9.7% | 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 net incurrence of liabilities, total in Barbados?
- Net incurrence of liabilities, total in Barbados was 4.1% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Barbados?
- The highest recorded value was 11.4% in 2007.
- What is the lowest net incurrence of liabilities, total recorded in Barbados?
- The lowest recorded value was 1.0% in 2003.
- How does Barbados rank for net incurrence of liabilities, total?
- Barbados ranks 56th out of 136 countries with data for 2016.
- Is net incurrence of liabilities, total rising or falling in Barbados?
- Over the last ten years it is up 280.7%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.