Social contributions in Barbados
Barbados: Social contributions was 239,182 current LCU in 2016. ◆ Volatile
Social contributions 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 social contributions in Barbados is 239,182 current LCU, measured in 2016. That is the lowest value across all 14 years on record.
That represents a change of down 56.7% on the previous year and down 80.3% over ten years.
Over the whole period, social contributions in Barbados peaked at 118.80 million current LCU in 2004 and was at its lowest, 239,182 current LCU, in 2016.
Barbados ranks 108th of 112 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 100.41 million current LCU | — |
| 2004 | 118.80 million current LCU | +18.3% |
| 2005 | 1.12 million current LCU | -99.1% |
| 2006 | 1.21 million current LCU | +8.4% |
| 2007 | 1.02 million current LCU | -15.6% |
| 2008 | 948,837 current LCU | -7.2% |
| 2009 | 754,591 current LCU | -20.5% |
| 2010 | 776,818 current LCU | +2.9% |
| 2011 | 508,956 current LCU | -34.5% |
| 2012 | 476,473 current LCU | -6.4% |
| 2013 | 420,526 current LCU | -11.7% |
| 2014 | 441,533 current LCU | +5.0% |
| 2015 | 552,516 current LCU | +25.1% |
| 2016 | 239,182 current LCU | -56.7% |
Barbados compared with similar countries
- Barbados's 239,182 current LCU is below the median for high income countries, which is 35.12 billion current LCU, 0% of the median. (49 countries reporting)
- Barbados's 239,182 current LCU is below the median for Latin America & Caribbean, which is 21.07 billion current LCU, 0% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.04 million current LCU | 754,591 current LCU | 118.80 million current LCU | 7 |
| 2010s | 488,001 current LCU | 239,182 current LCU | 776,818 current LCU | 7 |
Countries ranked near Barbados
More public sector data for Barbados
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Frequently asked questions
- What is social contributions in Barbados?
- Social contributions in Barbados was 239,182 current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Barbados?
- The highest recorded value was 118.80 million current LCU in 2004.
- What is the lowest social contributions recorded in Barbados?
- The lowest recorded value was 239,182 current LCU in 2016.
- How does Barbados rank for social contributions?
- Barbados ranks 108th out of 112 countries with data for 2016.
- Is social contributions rising or falling in Barbados?
- Over the last ten years it is down 80.3%. The long-run trend across the full record is volatile.
- 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 Social contributions (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
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.