Budget balance — all countries

Budget balance — Barbados

Budget balance in Barbados in 2031 — 0.6%. Ranked 21 in the world out of 188. Since 1994, the indicator has fallen by 5.7 pp.

2031 0.6% +0.2 pp vs 2030
World rank 21of 188
Period maximum 6.3%1994
Period minimum -8.5%2013

Trend over time

1994–2031 · % of GDP

Budget balance — Barbados, 1994–2031-10-5051019941998200220062010201420182022202620301994: 6.3%1995: 5.8%1996: 3.5%1997: 5.2%1998: 5.6%1999: 5.1%2000: 4.7%2001: 3.8%2002: -5%2003: -2.9%2004: -2.7%2005: -2.8%2006: -3.1%2007: -4.1%2008: -3.9%2009: -6.2%2010: -7.1%2011: -3.5%2012: -6.7%2013: -8.5%2014: -6.2%2015: -7.6%2016: -4.5%2017: -3.6%2018: -0.3%2019: 2.9%2020: -4.2%2021: -3.9%2022: -1.7%2023: -1.6%2024: -0.8%2025: -0.3%2026: -0.1%2027: 0.2%2028: 0.1%2029: 0.3%2030: 0.4%2031: 0.6%
Change over the period: −5.7 pp Annual average: -0.15 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Barbados

Barbados 0.6%
World computed -4.85%
Latin America & Caribbean computed -3.31%
High-income countries computed -4.26%
Budget balance — Barbados, by year Barbados All countries CSV XLSX
Year % Change, pp
2031 0.6 +0.2 pp
2030 0.4 +0.1 pp
2029 0.3 +0.2 pp
2028 0.1 −0.1 pp
2027 0.2 +0.3 pp
2026 -0.1 +0.2 pp
2025 -0.3 +0.5 pp
2024 -0.8 +0.8 pp
2023 -1.6 +0.1 pp
2022 -1.7 +2.2 pp
2021 -3.9 +0.3 pp
2020 -4.2 −7.1 pp
2019 2.9 +3.2 pp
2018 -0.3 +3.3 pp
2017 -3.6 +0.9 pp
2016 -4.5 +3.1 pp
2015 -7.6 −1.4 pp
2014 -6.2 +2.3 pp
2013 -8.5 −1.8 pp
2012 -6.7 −3.2 pp
2011 -3.5 +3.6 pp
2010 -7.1 −0.9 pp
2009 -6.2 −2.3 pp
2008 -3.9 +0.2 pp
2007 -4.1 −1 pp
2006 -3.1 −0.3 pp
2005 -2.8 −0.1 pp
2004 -2.7 +0.2 pp
2003 -2.9 +2.1 pp
2002 -5 −8.8 pp
2001 3.8 −0.9 pp
2000 4.7 −0.4 pp
1999 5.1 −0.5 pp
1998 5.6 +0.4 pp
1997 5.2 +1.7 pp
1996 3.5 −2.3 pp
1995 5.8 −0.5 pp
1994 6.3

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.