{
  "title": "Barbados: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados",
  "publication": "IMF Staff Country Reports, August 26, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/barbados-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44205",
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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.",
  "sections": [
    {
      "heading": "Economic activity and growth",
      "content": "- Real GDP grew by 0.8 percent in 2015.\n- Growth was underpinned by an increase in private investment.\n- Tourism arrivals increased by 14 percent, described as among the highest in the Caribbean."
    },
    {
      "heading": "Labor market and prices",
      "content": "- Employment increased by 2 percent.\n- The unemployment rate fell to 11.3 percent.\n- Inflation eased owing to lower import prices, with end-period prices falling by 2.5 percent."
    },
    {
      "heading": "External sector and reserves",
      "content": "- Net inflows in the capital and financial account fell, driven by large official amortization payments and lower foreign direct investment.\n- Net international reserves dropped to US$469 million at the end of April 2016."
    },
    {
      "heading": "Thematic coverage (subjects and keywords)",
      "content": "- Subjects: Arrears, Banking, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Money, Public debt, Public sector\n- Keywords: Arrears, Caribbean, Commercial banks, CR, Credit, deficit, Global, government finances, interest cost, ISCR, Non-interest expenditure, Public sector, reform effort, staff appraisal\n\n---\n\n Content in this bundle\n\n- Cr16279\n  - Cr16279 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr16279 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 26, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475530353.002",
    "Real GDP grew by 0.8 percent in 2015.",
    "Growth was underpinned by an increase in private investment.",
    "Tourism arrivals increased by 14 percent, described as among the highest in the Caribbean.",
    "Employment increased by 2 percent.",
    "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.",
    "Net international reserves dropped to US$469 million at the end of April 2016.",
    "Subjects: Arrears, Banking, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Money, Public debt, Public sector",
    "Keywords: Arrears, Caribbean, Commercial banks, CR, Credit, deficit, Global, government finances, interest cost, ISCR, Non-interest expenditure, Public sector, reform effort, staff appraisal",
    "**Cr16279**"
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