World GNP ranking: 132nd GNP per capita: US$9750 Balance of payments: –US$94m Inflation: 0.1% Unemployment: 10% |
Well-developed tourism based on climate and accessibility. Information processing and financial services are important new growth sectors.
Narrow economic base and an ailing sugar industry. Tourism is vulnerable to global downturns, especially as Barbados is promoted as a luxury destination. Relatively high manufacturing costs.