Barbados : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

August 26, 2016

Electronic Access:

Free Full Text (PDF file size is 1737 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2016 Article IV Consultation highlights that the economy of Barbados appears to have turned a corner with a pickup in activity. Real GDP grew by 0.8 percent in 2015, underpinned by an increase in private investment and a surge in tourism arrivals, which increased by 14 percent, among the highest in the Caribbean. This boosted employment by 2 percent, while the unemployment rate fell to 11.3 percent. Inflation eased owing to lower import prices, with end-period prices falling by 2.5 percent. Net inflows in the capital and financial account fell, driven by large official amortization payments and lower foreign direct investment. As a result, net international reserves dropped to US$469 million at the end of April 2016.

Series:

Country Report No. 16/279

Subject:

English

Publication Date:

August 26, 2016

ISBN/ISSN:

9781475530353/1934-7685

Stock No:

1BRBEA2016001

Price:

$2,016.00 (Academic Rate:$2,016.00)

Format:

Paper

Pages:

77

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