Labour income share as a percent of GDP in Barbados
Barbados: Labour income share as a percent of GDP was 55.64 in 2026. ▬ Flat
Labour income share as a percent of GDP in Barbados, 2004–2026
Source: International Labour Organization.
Analysis
The most recent figure for labour income share as a percent of gdp in Barbados is 55.64, measured in 2026.
That represents a change of up 0.1% on the previous year and down 0.3% over ten years.
Over the whole period, labour income share as a percent of gdp in Barbados peaked at 58.92 in 2020 and was at its lowest, 53.84, in 2022.
That places Barbados 37th out of 188 countries with data for 2026, putting it in the top quarter.
Labour income share as a percent of GDP in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 55.81 | — |
| 2005 | 55.57 | -0.4% |
| 2006 | 55.37 | -0.4% |
| 2007 | 55.77 | +0.7% |
| 2008 | 55.91 | +0.3% |
| 2009 | 56.46 | +1.0% |
| 2010 | 56.19 | -0.5% |
| 2011 | 56.05 | -0.3% |
| 2012 | 56.01 | -0.1% |
| 2013 | 56.07 | +0.1% |
| 2014 | 55.96 | -0.2% |
| 2015 | 56.04 | +0.1% |
| 2016 | 55.8 | -0.4% |
| 2017 | 55.98 | +0.3% |
| 2018 | 56.12 | +0.2% |
| 2019 | 55.94 | -0.3% |
| 2020 | 58.92 | +5.3% |
| 2021 | 55.56 | -5.7% |
| 2022 | 53.84 | -3.1% |
| 2023 | 55.41 | +2.9% |
| 2024 | 55.42 | +0.0% |
| 2025 | 55.58 | +0.3% |
| 2026 | 55.64 | +0.1% |
Barbados compared with similar countries
- Barbados's 55.64 is above the median for high income countries, which is 53.63, 1.0× the median. (62 countries reporting)
- Barbados's 55.64 is above the median for Latin America & Caribbean, which is 50.23, 1.1× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 55.82 | 55.37 | 56.46 | 6 |
| 2010s | 56.02 | 55.8 | 56.19 | 10 |
| 2020s | 55.77 | 53.84 | 58.92 | 7 |
Countries ranked near Barbados
- 34 United States Virgin Islands 55.95 compare
- 35 United States 55.78 compare
- 36 Guyana 55.69 compare
- 38 Costa Rica 55.45 compare
- 39 Bolivia 55.36 compare
- 40 Belarus 54.66 compare
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 labour income share as a percent of gdp in Barbados?
- Labour income share as a percent of gdp in Barbados was 55.64 in 2026, according to International Labour Organization.
- What is the highest labour income share as a percent of gdp recorded in Barbados?
- The highest recorded value was 58.92 in 2020.
- What is the lowest labour income share as a percent of gdp recorded in Barbados?
- The lowest recorded value was 53.84 in 2022.
- How does Barbados rank for labour income share as a percent of gdp?
- Barbados ranks 37th out of 188 countries with data for 2026.
- Is labour income share as a percent of gdp rising or falling in Barbados?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is flat.
- Where does this Barbados data come from?
- The figures come from International Labour Organization, published as part of Labour income share as a percent of GDP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. The labour income share in GDP is the ratio, in percentage, between total labour income and gross domestic product (a measure of total output), both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. Self-employed workers earn from both their work and capital ownership. Total compensation of employees refers to the remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The labour income of self-employed is imputed on the basis of a statistical analysis of employees of similar characteristics. The labour income share after accounting for the labour income of the self-employed is often referred to as the adjusted labour income share in GDP. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.