Names: conventional long form: none conventional short form: Barbados
Capital City: Bridgetown
Population: 279,912 (July 2006 est.)
GDP Per Capita: $18,200 (2006 est.)
Currency: Barbadian dollar (BBD)
Languages: English
Total Area: total: 431 sq km land: 431 sq km water: 0 sq km 2.5 times the size of Washington, DC
Region: North America
Industries: tourism, sugar, light manufacturing, component assembly for export
Agriculture: sugarcane, vegetables, cotton
Resources: petroleum, fish, natural gas
Labor Force:
128,500 (2001 est.)
agriculture: 10% industry: 15% services: 75% (1996 est.)
Exports:
$209 million (2004 est.)
sugar and molasses, rum, other foods and beverages, chemicals, electrical components
Imports:
$1.476 billion (2004 est.)
consumer goods, machinery, foodstuffs, construction materials, chemicals, fuel, electrical components
Overview:
Historically, the Barbadian economy had been dependent on sugarcane cultivation and related activities, but production in recent years has diversified into light industry and tourism. Offshore finance and information services are important foreign exchange earners. The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises. The economy contracted in 2002-03 mainly due to a decline in tourism. Growth was positive in 2005-06, as economic conditions in the US and Europe moderately improved.
In 2007 Missouri exported $1,303,791 in goods to Barbados. This ranks Barbados 78th among the 223 international buyers of Missouri goods. Missouri exports to Barbados decreased from the previous year by $612,074 a change of -31.95%. State exports to Barbados have increased over the last 5 years by $490,616 a change of 60.33%. Missouri exports account for .01%. of all 2007 US exports to Barbados.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 813,175 | 782,730 | 793,473 | 1,189,648 | 1,915,865 | 1,303,791 | |
| 000 - Total All Industries US | 268,565,887 | 301,791,969 | 347,578,725 | 392,808,069 | 443,141,469 | 456,391,806 | |