Fiscal Year Gross Domestic Product for Barbados
BRBNGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,650,702,792.10
Year-over-Year Change
36.71%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product (GDP) for Barbados measures the total value of goods and services produced in the country over a 12-month fiscal period. This indicator is a key metric for assessing the overall health and growth of the Barbadian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Fiscal Year GDP for Barbados represents the broadest measure of economic activity and production within the country. It is commonly used by economists, policymakers, and investors to analyze the size, structure, and performance of the Barbadian economy over time.
Methodology
The data is calculated by the Central Bank of Barbados based on national accounts and surveys.
Historical Context
The Fiscal Year GDP serves as an important input for economic policy decisions and forecasting in Barbados.
Key Facts
- Barbados is a small island nation in the Caribbean Sea.
- The Fiscal Year GDP for Barbados was $5.05 billion in 2021.
- The Barbadian economy is heavily dependent on tourism and international business services.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product (GDP) for Barbados measures the total value of goods and services produced in the country over a 12-month fiscal period.
Q: Why is this trend relevant for users or analysts?
A: The Fiscal Year GDP is a key indicator of the overall health and growth of the Barbadian economy, and is widely used by economists, policymakers, and investors to analyze economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Central Bank of Barbados based on national accounts and surveys.
Q: How is this trend used in economic policy?
A: The Fiscal Year GDP serves as an important input for economic policy decisions and forecasting in Barbados.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for Barbados (BRBNGDPFY), retrieved from FRED.