Labor share of gross domestic product (GDP) in Barbados
Barbados: Labor share of gross domestic product (GDP) was 59.2% in 2020. ▬ Flat
Labor share of gross domestic product (GDP) in Barbados, 2004–2020
Source: International Labour Organisation (2023) – processed by Our World in Data. Measured in %.
Analysis
Barbados recorded 59.2% for labor share of gross domestic product (gdp) in 2020. That is the highest value across all 17 years on record.
The figure is up 5.9% on the previous year and up 5.2% over ten years.
Over the whole period, labor share of gross domestic product (gdp) in Barbados peaked at 59.2% in 2020 and was at its lowest, 54.4%, in 2006.
Barbados ranks 28th of 186 countries on this measure, in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 55.4% | 54.4% | 56.8% | 6 |
| 2010s | 55.8% | 55.2% | 56.3% | 10 |
| 2020s | 59.2% | 59.2% | 59.2% | 1 |
Countries ranked near Barbados
More work & labour data for Barbados
- Women can take the same jobs as men 1 (1=yes; 0=no) (2023)
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
- Criminal sanctions or compensation for workplace sexual harassment 1 (1=yes; 0=no) (2023)
- Ratio of female to male labor force participation rate (%) 88.8% (2025)
- Labor force participation rate, male (% of male population ages 15+) 68.7% (2025)
- Labor force participation rate, total (% of total population ages 15+) 64.7% (2025)
- Labor force participation rate for ages 15-24, female (%) 48.1% (2025)
- Labor force participation rate for ages 15-24, male (%) 48.6% (2025)
- Labor force participation rate for ages 15-24, total (%) 48.3% (2025)
- Labor force participation rate, female (% of female population ages 15 61.0% (2025)
Frequently asked questions
- What is labor share of gross domestic product (gdp) in Barbados?
- Labor share of gross domestic product (gdp) in Barbados was 59.2% in 2020, according to International Labour Organisation (2023) – processed by Our World in Data.
- What is the highest labor share of gross domestic product (gdp) recorded in Barbados?
- The highest recorded value was 59.2% in 2020.
- What is the lowest labor share of gross domestic product (gdp) recorded in Barbados?
- The lowest recorded value was 54.4% in 2006.
- How does Barbados rank for labor share of gross domestic product (gdp)?
- Barbados ranks 28th out of 186 countries with data for 2020.
- Is labor share of gross domestic product (gdp) rising or falling in Barbados?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is flat.
- Where does this Barbados data come from?
- The figures come from International Labour Organisation (2023) – processed by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
The labor share of gross domestic product (GDP) is the estimated total compensation of employees given as a percent of GDP. It provides information about the relative share of output paid as compensation to employees, compared to the share paid to capital.