Current Account Balance: Barbados
Barbados's current account balance is currently -5.7 % of GDP as of 2026. # Barbados Current Account Balance Barbados's current account balance stood at -5.
Current (2026)
-5.7 % of GDP
+9.5% y/y
Peak (1992)
7.2 % of GDP
Low (1981)
-10.9 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Barbados
1980 — 2026
Current Account Balance — Barbados
Analysis# Barbados Current Account Balance
Barbados's current account balance stood at -5.7% of GDP in 2026, reflecting persistent external imbalances. The nation reached a historic peak of 7.2% in 1992 but has deteriorated significantly since 1980, with a total decline of 119.2 percentage points. The all-time low of -10.9% in 1981 underscores the scale of historical volatility in the country's external position.
Recent years reveal a volatile recovery pattern after sharp deterioration. The balance plummeted to -10.3% in 2021 before beginning a gradual correction, improving to -4.5% by 2024. The projected 2025-2026 figures suggest moderate deficits will persist, indicating that while Barbados has moved away from its worst imbalances, the economy continues to run current account shortfalls requiring external financing or reserve drawdowns.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -5 % of GDP | +3.85% |
| 2029 | -5.2 % of GDP | +3.70% |
| 2028 | -5.4 % of GDP | +1.82% |
| 2027 | -5.5 % of GDP | +3.51% |
| 2026 | -5.7 % of GDP | +9.52% |
| 2025 | -6.3 % of GDP | -40.00% |
| 2024 | -4.5 % of GDP | +48.86% |
| 2023 | -8.8 % of GDP | +11.11% |
| 2022 | -9.9 % of GDP | +3.88% |
| 2021 | -10.3 % of GDP | -106.00% |
| 2020 | -5 % of GDP | -212.50% |
| 2019 | -1.6 % of GDP | +55.56% |
| 2018 | -3.6 % of GDP | -5.88% |
| 2017 | -3.4 % of GDP | +12.82% |
| 2016 | -3.9 % of GDP | +29.09% |
| 2015 | -5.5 % of GDP | +32.10% |
| 2014 | -8.1 % of GDP | -10.96% |
| 2013 | -7.3 % of GDP | +2.67% |
| 2012 | -7.5 % of GDP | +27.88% |
| 2011 | -10.4 % of GDP | -153.66% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -4.1 % of GDP | +22.64% |
| 2009 | -5.3 % of GDP | +37.65% |
| 2008 | -8.5 % of GDP | -97.67% |
| 2007 | -4.3 % of GDP | +54.26% |
| 2006 | -9.4 % of GDP | +1.05% |
| 2005 | -9.5 % of GDP | +1.04% |
| 2004 | -9.6 % of GDP | -182.35% |
| 2003 | -3.4 % of GDP | +29.17% |
| 2002 | -4.8 % of GDP | -41.18% |
| 2001 | -3.4 % of GDP | +0.00% |
| 2000 | -3.4 % of GDP | +19.05% |
| 1999 | -4.2 % of GDP | -50.00% |
| 1998 | -2.8 % of GDP | -115.38% |
| 1997 | -1.3 % of GDP | -137.14% |
| 1996 | 3.5 % of GDP | +40.00% |
| 1995 | 2.5 % of GDP | -60.32% |
| 1994 | 6.3 % of GDP | +96.87% |
| 1993 | 3.2 % of GDP | -55.56% |
| 1992 | 7.2 % of GDP | +754.55% |
| 1991 | -1.1 % of GDP | +38.89% |
| 1990 | -1.8 % of GDP | -1700.00% |
| 1989 | -0.1 % of GDP | -200.00% |
| 1988 | 0.1 % of GDP | +103.33% |
| 1987 | -3 % of GDP | -200.00% |
| 1986 | -1 % of GDP | -433.33% |
| 1985 | 0.3 % of GDP | -62.50% |
| 1984 | 0.8 % of GDP | +120.00% |
| 1983 | -4 % of GDP | -14.29% |
| 1982 | -3.5 % of GDP | +67.89% |
| 1981 | -10.9 % of GDP | -319.23% |
| 1980 | -2.6 % of GDP | — |
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