Barbados

On this page you will find beneficial information regarding foreign direct investment in / trading with Barbados. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.

It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.

Type of Government: Parliamentary Democracy
Population: 281,200 (2021)
GDP: 4.844 billion USD (2021)
Corporate Tax Rate: 5.5%
Personal Income Tax Rate: 12.5% - 28.5%
Major Exports: Hard Liquor ($60.8M), Passenger and Cargo Ships ($25.2M), Packaged Medicaments ($23.1M), Cement ($14.1M), and Paper Labels ($13.3M), exporting mostly to United States ($70.4M), Jamaica ($41.4M), Guyana ($28.8M), Trinidad and Tobago ($26.4M), and Italy ($23.2M).
Major Imports: Refined Petroleum ($331M), Crude Petroleum ($277M), Railway Cargo Containers ($137M), Cars ($42.7M), and Passenger and Cargo Ships ($40.3M), importing mostly from United States ($702M), Guyana ($283M), China ($236M), Trinidad and Tobago ($126M), and United Kingdom ($74.9M).

May 10, 2023
Employment Rules and Regulations in Barbados

How to Register a Trademark in Barbados

August 4, 2022
Employment Rules and Regulations in Barbados

How to Register a Company in Barbados

April 27, 2022
Employment Rules and Regulations in Barbados

Major exports of Barbados

April 16, 2022
Employment Rules and Regulations in Barbados

Employment Rules and Regulations in Barbados

August 21, 2021
Employment Rules and Regulations in Barbados

The Role of Chambers of Commerce in Barbados

July 12, 2020
Employment Rules and Regulations in Barbados

Corporate income tax in Barbados

June 8, 2020
Employment Rules and Regulations in Barbados

The Major Imports of Barbados