Barbados Government Spending to GDP
General government expenditure as a percentage of GDP.
Government Spending to GDP in Barbados increased to 29.75 percent of GDP in 2024 from 28.32 percent of GDP in 2023.
Barbados Government Spending to GDP — History
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Barbados Government Spending to GDP — analysis in simple words
Latest reading
Government Spending to GDP in Barbados increased to 29.75 percent of GDP in 2024 from 28.32 percent of GDP in 2023.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2023) it was 28.3%, so the latest figure is 1.4 percentage points higher.
Over the past five years the average was 30.1%, with a range from 28.3% to 32.6%. The latest value is below that five-year average.
Historical context
This data series starts in 1994 and has 31 annual observations. The latest reading is higher than 74% of all of them.
The highest value on record is 32.6% (2020) and the lowest is 16.8% (1994). The long-run average is 26.6%.
Compared with other countries
Among 151 economies with recent data, Barbados ranks 79th from the top. The median across all these economies is 30.3%, so Barbados is below the typical country.
Within Latin America & Caribbean (33 economies with data) it ranks 15th; the regional median is 27.1%.
Statistics
- Latest
- 29.7%2024
- Previous
- 28.3%
- 5-year average
- 30.1%
- Long-run average
- 26.6%since 1994
- All-time high
- 32.6%2020
- All-time low
- 16.8%1994
- Observations
- 31Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 29.7% | ▲ +1.4 pp |
| 2023 | 28.3% | ▼ −1.1 pp |
| 2022 | 29.4% | ▼ −1.0 pp |
| 2021 | 30.4% | ▼ −2.2 pp |
| 2020 | 32.6% | ▲ +9.1 pp |
| 2019 | 23.5% | ▼ −3.1 pp |
| 2018 | 26.7% | ▼ −3.0 pp |
| 2017 | 29.7% | ▼ −0.8 pp |
| 2016 | 30.4% | ▼ −0.9 pp |
| 2015 | 31.3% | ▲ +2.2 pp |
| 2014 | 29.1% | ▼ −1.7 pp |
| 2013 | 30.8% | ▲ +0.4 pp |
| 2012 | 30.4% | ▲ +2.6 pp |
| 2011 | 27.8% | ▼ −1.7 pp |
| 2010 | 29.5% | ▲ +0.1 pp |
| 2009 | 29.4% | ▲ +0.8 pp |
| 2008 | 28.6% | ▲ +1.0 pp |
| 2007 | 27.6% | ▲ +1.2 pp |
| 2006 | 26.4% | ▼ −1.5 pp |
| 2005 | 27.9% | ▲ +0.2 pp |
| 2004 | 27.7% | ▼ −1.6 pp |
| 2003 | 29.3% | ▼ −1.5 pp |
| 2002 | 30.8% | ▲ +8.9 pp |
| 2001 | 21.9% | ▲ +1.1 pp |
| 2000 | 20.8% | ▲ +1.3 pp |
| 1999 | 19.5% | ▲ +0.8 pp |
| 1998 | 18.8% | ▼ −1.9 pp |
| 1997 | 20.7% | ▲ +0.5 pp |
| 1996 | 20.1% | ▲ +1.9 pp |
| 1995 | 18.3% |
Government Spending to GDP — Barbados vs Peers
Latest available reading for each economy (periods may differ). Barbados highlighted.
More Barbados indicators
Understanding Government Spending to GDP — a simple guide
What it measures
General government expenditure as a percentage of GDP.
How it is calculated
Total government expenditure ÷ GDP × 100.
28% means government spending equals 28% of GDP.
A large public sector role in the economy.
A smaller public sector role.
Why it matters for the economy and markets
The ratio shows the size of the public sector in the economy.
How to read it
Read with revenue: the gap between the two is the fiscal balance.
Data source
IMF — Public Finances in Modern History (series exp), annual data from 1994 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current government spending to gdp of Barbados?
What is the highest and lowest government spending to gdp of Barbados?
What does government spending to gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.