Subsidies and other transfers (current LCU) in Barbados
Barbados: Subsidies and other transfers (current LCU) was 1.24 billion current LCU in 2016. ▲ Rising
Subsidies and other transfers in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2016, subsidies and other transfers in Barbados stood at 1.24 billion current LCU.
Compared with earlier readings it is down 9.0% on the previous year and up 37.8% over ten years.
Over the whole period, subsidies and other transfers in Barbados peaked at 1.36 billion current LCU in 2015 and was at its lowest, 439.41 million current LCU, in 2003.
Barbados ranks 134th of 153 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Subsidies and other transfers (current LCU) in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 439.41 million current LCU | — |
| 2004 | 555.20 million current LCU | +26.4% |
| 2005 | 782.08 million current LCU | +40.9% |
| 2006 | 898.45 million current LCU | +14.9% |
| 2007 | 1.14 billion current LCU | +27.3% |
| 2008 | 1.25 billion current LCU | +9.2% |
| 2009 | 1.23 billion current LCU | -1.7% |
| 2010 | 1.25 billion current LCU | +1.9% |
| 2011 | 1.07 billion current LCU | -14.1% |
| 2012 | 1.28 billion current LCU | +19.4% |
| 2013 | 1.34 billion current LCU | +4.3% |
| 2014 | 1.23 billion current LCU | -8.2% |
| 2015 | 1.36 billion current LCU | +10.9% |
| 2016 | 1.24 billion current LCU | -9.0% |
Barbados compared with similar countries
- Barbados's 1.24 billion current LCU is below the median for high income countries, which is 61.98 billion current LCU, 2% of the median. (57 countries reporting)
- Barbados's 1.24 billion current LCU is below the median for Latin America & Caribbean, which is 32.42 billion current LCU, 4% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 899.47 million current LCU | 439.41 million current LCU | 1.25 billion current LCU | 7 |
| 2010s | 1.25 billion current LCU | 1.07 billion current LCU | 1.36 billion 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 subsidies and other transfers in Barbados?
- Subsidies and other transfers in Barbados was 1.24 billion current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Barbados?
- The highest recorded value was 1.36 billion current LCU in 2015.
- What is the lowest subsidies and other transfers recorded in Barbados?
- The lowest recorded value was 439.41 million current LCU in 2003.
- How does Barbados rank for subsidies and other transfers?
- Barbados ranks 134th out of 153 countries with data for 2016.
- Is subsidies and other transfers rising or falling in Barbados?
- Over the last ten years it is up 37.8%. 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 Subsidies and other transfers (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
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.