Barbados recorded a Government Budget deficit equal to 0.10 percent of the country's Gross Domestic Product in 2023. Government Budget in Barbados averaged -4.26 percent of GDP from 2000 until 2023, reaching an all time high of 3.10 percent of GDP in 2019 and a record low of -11.80 percent of GDP in 2013. source: Caribbean Centre for Money and Finance
Government Budget in Barbados is expected to reach 0.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Government Budget is projected to trend around -1.00 percent of GDP in 2025 and -0.50 percent of GDP in 2026, according to our econometric models.