Barbados Economy - 1986

GEOGRAPHICAL NAMES 

GDP. $1,151.7 million (1984), $4,560 per capita; real GDP growth rate 0% (1984)

Natural resources: negligible

Agriculture: main products—sugarcane, subsistence foods

Major industries: tourism, sugar milling, light manufacturing, component assembly for export

Electric power: 145,000 kW capacity (1985); 360 million kWh produced (1985), 1,429 kWh per capita

Exports: $300 million (f.o.b., 1984); sugar and sugarcane byproducts, electrical parts, clothing

Imports: $656.2 million (f.o.b., 1984); foodstuffs, consumer durables, machinery, fuels

Major trade partners: exports—42% US, 22% CARICOM, 7% UK; imports—48% US, 12% CARICOM, 8% UK, 6% Canada (1984 prelim.)

Aid: economic—US economic commitments, including Ex-Im (FY70-84), $14 million; ODA and OOF commitments from other Western countries (1970-83), $107 million; no military aid

Budget: (FY84 prelim.) revenues, $288 million; expenditures, $323 million

Monetary conversion rate: 2.0113 Barbados dollars=US$1 (September 1985)

Fiscal year: 1 April-31 March

Belgium

NOTE: The information regarding Barbados on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Barbados 1986 information contained here. All suggestions for corrections of any errors about Barbados 1986 should be addressed to the CIA or the source cited on each page.