Barbados: Selected Issues
August 26, 2016
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This Selected Issues paper discusses data issues and postcrisis growth in Barbados. An analysis of the data on Barbados shows very clear inconsistencies among the various measures of economic development. Although real growth seems to have evolved broadly in line with the rest of the Caribbean, nominal growth and inflation developments suggest that Barbados was hit much harder by the global financial crisis. At the same time, these data may also be misleading. Nominal GDP seems to have inadequate coverage, and inflation is much higher in Barbados than in similar economies in the region.
Subject: Consumer price indexes, Economic sectors, Financial crises, Global financial crisis of 2008-2009, Inflation, Prices, Production, Total factor productivity, Tourism
Keywords: Barbados, Barbados economy, Barbados tourism market, Caribbean, Consumer price indexes, CPI inflation, CR, expenditure, expenditure growth, Global, Global financial crisis of 2008-2009, Inflation, is total factor productivity, ISCR, nominal GDP, Total factor productivity, Tourism, Tourism expenditure, tourist expenditure survey
Pages:
34
Volume:
2016
DOI:
Issue:
280
Series:
Country Report No. 2016/280
Stock No:
1BRBEA2016002
ISBN:
9781475530360
ISSN:
1934-7685
