Andorra vs Barbados: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while Andorra ranked 165th with $3.2B. By GDP per capita, Barbados and Andorra ranked 50th vs 24th, respectively.

Gross Domestic Product & Income

StatAndorraBarbados
GDP$3.2B$5.1B
GDP growth, 1 year1.63%-0.5%
GDP growth, 5-years averageN/A0.7%
Population76k286k
GDP per capita$42k$18k
GDP per capita growth1.62%-0.64%
Purchasing Power Parity conversion factorN/A1.93
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.97
GDP per capita, PPP adjusted$37k$19k
GNI, Atlas methodN/A$4.4B
GNI per capitaN/A$15k
GNI, PPP adjustedN/A$4.7B
GNI per capita, PPP adjustedN/A$16k

Financial system and Human development

StatAndorraBarbados
Income Tax RateN/A40%
Corporate Tax RateN/A5.5%
Inflation, consumer pricesN/A3.6%
Inflation, GDP deflator0.9%3.6%
UnemploymentN/A9.6%
Economic Freedom Index7261.4
Personal Freedom Index8.48.22
Human Freedom Index8.47.21
Property Rights IndexN/A56.6
Judical Effectiveness IndexN/A36.1
Business Freedom IndexN/A69.4
Fiscal Health IndexN/A63.1
Labor Freedom IndexN/A60
Investment Freedom IndexN/A70
Financial Freedom IndexN/A60
Trade Freedom IndexN/A56.6
Monetary Freedom IndexN/A77.9
Government Spending IndexN/A69.2
Tax Burden IndexN/A73.6
Government Integrity IndexN/A44
Corruption Perceptions Index8468
Life expectancy at birth, years8379
Suicide mortality rate, per 100,000 people0.50.8
Mortality caused by road traffic injury, per 100,000 people7.65.6
Intentional homicides, per 100,000 people010.5
International tourism, number of arrivals3M680k

Government debt & reserves

StatAndorraBarbados
Central government debt, % of GDPN/A124.5%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A-6.8%
Gross savings, % of GDPN/A-0.5%
Gross capital formation, % of GDPN/A11.3%
Total reserves including goldN/A$431.8M
Foreign direct investment net inflowsN/A$195.1M

Exports, imports and economic structure

StatAndorraBarbados
Exports of goods and services, % of GDPN/A42%
Imports of goods and services, % of GDPN/A40.9%
Current account balance (balance of payments)N/A-$248.2M
Revenue excluding grants, % of GDPN/A26.7%
Grants excluding technical cooperation, BoPN/A$13.8M
Personal remittances receivedN/A$108.3M
Industry including construction value added, % of GDP9.9%14%
Agriculture, forestry and fishing value added, % of GDP0.5%1.3%
Charges for the use of intellectual property, payments BoPN/A$12.1M
Charges for the use of intellectual property, receipts BoPN/A$33.4M
Expense, % of GDPN/A35.2%
Government Expenditure, % of GDPN/A32%

Compare with countries close by GDP per capita

Andorra vs

CountryGDP
per capita
Population
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M

Barbados vs

CountryGDP
per capita
Population
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M