Barbados: Selected Economic Indicators
|(Annual percentage changes; unless otherwise specified)|
|Output and prices|
|Consumer prices (12-month increase) 1/||−1.0||0.5||2.8||1.8||3.6|
|Unemployment rate (in percent of the labor force) 2/||22.1||21.2||16.4||14.3||12.2|
|Real effective exchange rate (depreciation -) 3/||0.5||−3.5||−1.3||−0.8||5.0|
|Money and credit|
|Net domestic assets 4/||3.8||1.5||3.1||4.7||5.2|
|Money and quasi-money||5.1||7.8||4.8||10.5||8.0|
|(In percent of GDP at market prices)|
|Public sector underlying balance (deficit-)||0.6||2.3||2.1||−0.8||0.8|
|Central government overall balance||−1.6||−0.8||−0.3||−2.9||−1.0|
|National Insurance Scheme||2.2||2.1||2.3||2.4||2.4|
|Total public debt 7/||79.0||76.7||69.6||66.7||64.3|
|External public debt 7/||27.1||25.5||22.3||20.6||19.6|
|Savings and investment|
|Gross domestic investment||12.7||13.4||14.1||12.7||15.7|
|Gross national saving||17.0||21.1||19.0||16.5||18.4|
|External current account||4.3||7.7||4.9||3.8||2.7|
|Overall balance of payments (in millions of U.S. dollars)||21.1||59.2||40.9||87.2||14.5|
|Net official international reserves|
|(Percentage of base money)||45.2||85.5||97.7||112.3||130.5|
|(Months of retained imports)||1.6||2.7||2.9||4.0||3.8|
The increase in 1997 reflects the impact of the introduction of a value-added tax in January 1997.
End of period.
As measured by relative consumer prices. The appreciation in 1997 reflects the domestic price rise related to the introduction of the value-added tax in January 1997 and the appreciation of the U.S. dollar.
In relation to liabilities of the banking system to the private sector at the beginning of the period.
Fiscal year (April-March).
Excludes nonrecurrent operations.
Includes debt of the central bank, including debt to the IMF.