October 2011
Barbados
                         
BASIC INDICATORS
Population (thousands, 2010)   273 Rank in world trade, 2010 Exports Imports
GDP (million current US$, 2010)  3 203 Merchandise  161 155
GDP (million current PPP US$, 2009)  5 251 excluding intra-EU trade 135 129
Current account balance (million US$, 2009) -  302 Commercial services 100 148
Trade per capita (US$, 2008-2010)  14 085 excluding intra-EU trade 74 122
Trade to GDP ratio (2008-2010)   110.1
Annual percentage change
2009   2005-2009 2008 2009
Real GDP (2005=100)   99 0 0 -5
Exports of goods and services (volume, 2005=100) ... ... ... ...
Imports of goods and services (volume, 2005=100) ... ... ... ...
                         
TRADE POLICY
WTO accession 1 January 1995 Contribution to WTO budget (%, 2011) 0.015
Trade Policy Review 17, 19 September 2008 Import duties collected (%, 2003-2004)
GPA accession  - in total tax revenue 10.6
Tariffs and duty free imports to total imports 5.4
Tariff binding coverage (%)    97.8 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2007 Outstanding notifications in WTO Central Registry   39
Simple average of import duties Goods RTAs - services EIAs notified to WTO 2 - 2
All goods   78.1   13.5 Anti-dumping (30 June 2010) ...
Agricultural goods (AOA)   110.8   31.0 Countervailing duties (30 June 2010) ...
Non-agricultural goods   73.0   10.8 Safeguards (22 October 2010)   0
Non ad-valorem duties (% total tariff lines)   0.0   0.5 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2007) Requests for consultation 0 - 0
in agricultural goods (AOA)   12.4 Original panel / Appellate Body (AB) reports 0 - 0
in non-agricultural goods   4.0 Compliance panel / AB reports (Article 21.5 DSU) 0 - 0
Services sectors with GATS commitments   21 Arbitration awards (Article 22.6 DSU) 0 - 0
                         
MERCHANDISE TRADE  Value Annual percentage change
2010   2005-2010 2009 2010
Merchandise exports, f.o.b. (million US$)   429 4 -22 13
Merchandise imports, c.i.f. (million US$)  1 569 0 -25 8
2010   2010
Share in world total exports    0.00 Share in world total imports  0.01
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   21.4 Agricultural products 20.3
Fuels and mining products   0.6 Fuels and mining products 2.1
Manufactures   50.4 Manufactures 53.4
  By main destination   By main origin
1. United States   24.9 1. United States   43.9
2. European Union (27)   20.4 2. European Union (27)   15.0
3. Trinidad and Tobago   8.4 3. Trinidad and Tobago   7.2
4. Saint Lucia   5.8 4. China   4.8
5. Jamaica   5.6 5. Canada   4.4
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2010   2005-2010   2009 2010
Commercial services exports (million US$)  1 420   2 -9 2
Commercial services imports (million US$)   546   -3 -8 0
2010  a 2010  a
Share in world total exports   0.04   Share in world total imports 0.02
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   2.9   Transportation 26.4
Travel   77.1   Travel 12.9
Other commercial services   20.0   Other commercial services 60.7
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 1999 Trademark registrations by office, 1999
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
...   3   3   50   701 ...   751
                         
a  Breakdowns by services items refer to 2009.