Labor share of gross domestic product (GDP) in Barbados
Barbados: Labor share of gross domestic product (GDP) was 59.2% in 2020. ▬ Flat
Latest (2020)
59.2%
Change on year
up 5.9%
World rank
22nd
of 187 countries
All-time high
59.2%
in 2020
All-time low
54.4%
in 2006
Years of data
17
2004–2020
Labor share of gross domestic product (GDP) in Barbados, 2004–2020
Source: International Labour Organization – with minor processing 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 22nd of 187 countries on this measure, in the top quarter.
Labor share of gross domestic product (GDP) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 55.4% | — |
| 2005 | 54.9% | -0.9% |
| 2006 | 54.4% | -0.9% |
| 2007 | 55.3% | +1.7% |
| 2008 | 55.6% | +0.5% |
| 2009 | 56.8% | +2.2% |
| 2010 | 56.3% | -0.9% |
| 2011 | 55.9% | -0.7% |
| 2012 | 55.8% | -0.2% |
| 2013 | 56.0% | +0.4% |
| 2014 | 55.7% | -0.5% |
| 2015 | 55.2% | -0.9% |
| 2016 | 55.2% | +0.0% |
| 2017 | 55.6% | +0.7% |
| 2018 | 55.9% | +0.5% |
| 2019 | 55.9% | +0.0% |
| 2020 | 59.2% | +5.9% |
Barbados compared with similar countries
- Barbados's 59.2% is above the median for high income countries, which is 54.5%, 1.1× the median. (62 countries reporting)
- Barbados's 59.2% is above the median for Latin America & Caribbean, which is 50.4%, 1.2× the median. (31 countries reporting)
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
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.7079 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6853 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.7302 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.9854 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.8257 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 114.42 1000 No (2050)
- Population - Est. & Proj. — Rural population 165.89 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 97.75 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 96.95 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 194.7 1000 No (2100)
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 Organization – with minor processing 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 22nd out of 187 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 Organization – with minor processing by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Labour share of GDP (%).