## Barbados: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, May 26, 2004_

## Source details

**Canonical URL:** [Barbados: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/barbados-staff-report-for-the-2004-article-iv-consultation-17431)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/barbados-staff-report-for-the-2004-article-iv-consultation-17431/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/barbados-staff-report-for-the-2004-article-iv-consultation-17431/index.json)
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## Bibliographic details
- Published: May 26, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806038.002

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### Macroeconomic recovery and growth
- Real GDP grew by an estimated 2 percent in 2003, reflecting a partial recovery from the 2001–02 recession.
- Recovery led by the tourism sector.

### Inflation and exchange regime
- Inflation remained low at 1.5 percent, reflecting the currency peg.

### External sector
- The external current account deficit widened in 2003.
- Widening driven by a decline in merchandise exports and a recovery of imports from their low recession levels.

### Monetary and banking developments
- Broad money growth decelerated in 2003, although it remained faster than GDP growth.
- Banks became increasingly liquid.

### Subjects and thematic coverage
- Economic sectors
- Expenditure
- External debt
- Government debt management
- Public debt
- Public financial management (PFM)
- Public sector

### Keywords highlighted in the report
- Barbadian authorities
- Barbadian economy
- capital
- Caribbean
- CR
- current account
- deficit
- economy
- Global
- Government debt management
- government pension
- growth prospect
- ISCR
- Public sector
- recession
- sequenced approach
- target deficit

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/barbados-staff-report-for-the-2004-article-iv-consultation-17431_