Barbados: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados
Electronic Access:
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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. 2016/279
Subject:
Arrears Banking Commercial banks Credit Economic sectors External debt Financial institutions Money Public debt Public sector
English
Publication Date:
August 26, 2016
ISBN/ISSN:
9781475530353/1934-7685
Stock No:
1BRBEA2016001
Pages:
77
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