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Economy of Barbados vs Bosnia and Herzegovina compared: GDP & Debt

Updated on by Georank

Barbados has a GDP of $8.02B compared to $32.6B for Bosnia and Herzegovina, ranking 157/197 and 110/197 by economy size, respectively.

Barbados has $7.55B in government debt (94.2% of GDP), compared to $9.76B (29.9% of GDP) in Bosnia and Herzegovina.

Barbados vs Bosnia and Herzegovina GDP by year

Barbados
Bosnia and Herzegovina
1x
Year GDP, current $
Barbados Bosnia
2025 $8,016,550,000 $32,599,982,936
2024 $7,597,571,450 $29,737,363,103
2023 $7,223,248,150 $27,592,361,498
2022 $6,886,644,900 $24,534,663,636
2021 $5,948,900,600 $23,672,712,121
2020 $5,403,246,950 $20,226,038,370
2019 $6,166,710,800 $20,482,608,984
2018 $6,001,101,550 $20,484,058,033
2017 $5,847,381,600 $18,326,373,136
2016 $5,679,029,450 $17,116,926,554
2015 $5,699,619,150 $16,404,348,361
2014 $5,684,901,000 $18,558,734,107
2013 $5,660,059,700 $18,179,109,209
2012 $5,486,500,500 $17,226,735,996
2011 $5,563,162,050 $18,644,233,537
2010 $5,428,683,250 $17,176,315,804
2009 $4,466,809,600 $17,613,949,091
2008 $4,790,410,400 $19,112,796,623
2007 $4,675,767,950 $15,778,734,264
2006 $4,217,323,400 $12,864,841,906
2005 $3,819,500,000 $11,222,796,337
2004 $3,444,500,000 $10,156,541,221
2003 $3,209,500,000 $8,498,894,359
2002 $3,106,500,000 $6,728,220,983
2001 $3,054,500,000 $5,800,615,375
2000 $3,059,500,000 $5,567,772,769
1999 $2,951,822,205 $4,686,256,363
1998 $2,817,083,478 $4,116,774,301
1997 $2,498,384,130 $3,671,909,673
1996 $2,363,645,403 $2,786,045,322
1995 $2,216,974,096 $1,866,572,954
1994 $2,151,344,901 $1,255,802,469
1993 $2,063,342,117 $3,630,668,950
1992 $1,957,000,000 $4,735,044,707
1991 $2,020,583,702 $6,122,959,184
1990 $2,012,131,457 $7,753,478,261
1989 $2,006,165,167 -
1988 $1,812,757,918 -
1987 $1,704,370,308 -
1986 $1,547,755,183 -
1985 $1,409,536,121 -
1984 $1,346,890,071 -
1983 $1,236,016,507 -
1982 $1,163,923,830 -
1981 $1,114,204,743 -
1980 $1,012,280,615 -
1979 $670,362,452 -
1978 $552,883,707 -
1977 $495,097,668 -
1976 $435,911,269 -
1975 $402,178,605 -
1974 $311,804,630 -
1973 $260,767,828 -
1972 $213,725,217 -
1971 $186,826,503 -
1970 $166,210,203 -
1969 $141,393,142 -
1968 $125,733,669 -
1967 $125,554,009 -
1966 $113,195,123 -
1965 $105,021,997 -
1964 $99,252,731 -
1963 $99,893,761 -
1962 $88,782,583 -
1961 $85,363,759 -
1960 $80,021,847 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

GDP per capita in Barbados vs Bosnia and Herzegovina by year

Barbados
GDP per capita

GDP per capita, PPP
Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Bosnia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,365 - $10,382 -
2024 $26,897 $24,823 $9,398 $25,043
2023 $25,584 $23,660 $8,663 $23,376
2022 $24,393 $22,193 $7,656 $21,651
2021 $21,084 $17,683 $7,295 $18,287
2020 $19,181 $16,555 $6,130 $16,370
2019 $21,929 $19,971 $6,122 $16,429
2018 $21,378 $19,777 $6,048 $14,859
2017 $20,871 $18,437 $5,345 $13,627
2016 $20,311 $19,176 $4,929 $12,899
2015 $20,429 $19,186 $4,662 $11,845
2014 $20,424 $18,595 $5,206 $11,168
2013 $20,384 $19,032 $5,035 $10,808
2012 $19,811 $19,605 $4,694 $10,121
2011 $20,146 $20,316 $4,983 $9,761
2010 $19,723 $20,033 $4,506 $9,086
2009 $16,295 $20,324 $4,540 $8,698
2008 $17,566 $21,376 $4,842 $8,587
2007 $17,235 $20,949 $3,931 $7,686
2006 $15,620 $20,076 $3,166 $6,869
2005 $14,214 $18,450 $2,740 $5,956
2004 $12,886 $17,299 $2,453 $5,407
2003 $12,076 $16,707 $2,034 $4,917
2002 $11,760 $16,133 $1,607 $4,665
2001 $11,640 $15,866 $1,388 $4,307
2000 $11,675 $15,914 $1,338 $4,148
1999 $11,244 $14,873 $1,135 $3,875
1998 $10,734 $14,621 $1,007 $3,524
1997 $9,522 $13,941 $914 $3,041
1996 $9,012 $13,090 $719 $2,269
1995 $8,460 $12,375 $502 $1,507
1994 $8,223 $11,900 $337 $1,269
1993 $7,905 $11,448 $930 $1,067
1992 $7,519 $11,127 $1,118 $982
1991 $7,790 $11,576 $1,373 $975
1990 $7,781 $11,687 $1,743 $1,043
1989 $7,773 - - -
1988 $7,033 - - -
1987 $6,625 - - -
1986 $6,031 - - -
1985 $5,510 - - -
1984 $5,284 - - -
1983 $4,866 - - -
1982 $4,599 - - -
1981 $4,417 - - -
1980 $4,025 - - -
1979 $2,668 - - -
1978 $2,198 - - -
1977 $1,968 - - -
1976 $1,734 - - -
1975 $1,601 - - -
1974 $1,243 - - -
1973 $1,042 - - -
1972 $856 - - -
1971 $750 - - -
1970 $666 - - -
1969 $567 - - -
1968 $506 - - -
1967 $508 - - -
1966 $462 - - -
1965 $433 - - -
1964 $414 - - -
1963 $421 - - -
1962 $377 - - -
1961 $366 - - -
1960 $347 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

Barbados' GDP per capita is $28,365, ranking 48/197, compared to $10,382 in Bosnia and Herzegovina, ranking 87/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Bosnia and Herzegovina ranks 83rd at $25,043.

Economic indicators

Barbados Bosnia
Gross domestic product
$8.02B
2025
$32.6B
2025
GDP rank
157/197
2025
110/197
2025
GDP growth
2.7%
2024-2025
2.13%
2024-2025
GDP per capita
$28,365
2025
$10,382
2025
GDP per capita rank
48/197
2025
87/197
2025
GDP per capita, PPP
$24,823
2024
$25,043
2024
GDP per capita PPP rank
84/197
2024
83/197
2024
Government debt
$7.55B
2025
$9.76B
2025
Debt-to-GDP ratio
94.2%
2025
29.9%
2025
Government debt per person
$26,731
2025
$3,108
2025
Government debt per person rank
28/185
2025
104/185
2025
Average annual personal income after taxes
$19,127
2026
$9,479
2026
Market capitalization of domestic companies
$2.78B
2020
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
25.8%
2016
23.6%
2021
Income share by poorest 10%
2.5%
2016
3.3%
2021
Government expenditure, % of GDP
27%
2025
44.9%
2025
Consumer prices inflation
0.85%
2024-2025
4%
2024-2025
Central bank interest rate
2%
2020
n/a
Unemployment rate
6.03%
2024
10.7%
2024
Population
282789
3114736

Spending and national debt comparison by year

Barbados
Spending

Debt
Bosnia and Herzegovina
Spending

Debt
1x
Year % of GDP
Barbados Bosnia
Government spending Government debt Government spending Government debt
2025 27% 94.2% 44.9% 29.9%
2024 28.1% 98.9% 43.3% 29.4%
2023 26.5% 104.1% 41.9% 29%
2022 26.9% 104% 39.4% 31.2%
2021 27.1% 108.6% 40.6% 35.8%
2020 30.6% 129.6% 45.4% 37.2%
2019 22.2% 101.6% 39.9% 32.8%
2018 25% 107.2% 40.4% 34.5%
2017 28% 134.6% 40% 38.6%
2016 28.6% 127.1% 41.5% 44.9%
2015 29.2% 122.5% 42.7% 46.4%
2014 27.4% 115.1% 46.2% 47.1%
2013 29.1% 111.7% 43.8% 43.8%
2012 28.9% 103.5% 47.9% 43.6%
2011 26.5% 94.4% 46.4% 40.9%
2010 28% 90.3% 48.7% 42.2%
2009 27.8% 83.5% 49% 36.4%
2008 27.1% 69.8% 48.4% 30.3%
2007 26.1% 64.9% 45.2% 18.2%
2006 25% 64.1% 44.2% 20.6%
2005 26.4% 62.7% 44.5% 24.9%
2004 26.2% 61% 45.6% 25.5%
2003 27.7% 61.8% 47.3% 27.6%
2002 29.1% 62% 47.4% 31.1%
2001 20.7% 59% 50.2% 35.1%
2000 19.7% 53.6% 56.2% 34.6%
1999 18.5% 47% 57.5% 56%
1998 17.8% 47.2% 54.4% 54.4%
1997 19.6% 52% - -
1996 19.1% 52.3% - -
1995 17.3% 52% - -
1994 15.9% 51.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

In 2025, Barbados' government spending was $2.16B, accounting for 27% of its GDP, while Bosnia and Herzegovina spent $14.6B, or 44.9% of GDP.

Debt-to-GDP ratio is 94.2% in Barbados and 29.9% in Bosnia and Herzegovina, ranking 28/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Bosnia and Herzegovina
1x
Year Deficit/surplus, % of GDP
Barbados Bosnia
2025 -0.31% -2.41%
2024 -0.84% -1.96%
2023 -1.57% -1.67%
2022 -1.74% 0.15%
2021 -3.88% -0.18%
2020 -4.19% -4.5%
2019 2.86% 1.37%
2018 -0.32% 1.63%
2017 -3.64% 1.79%
2016 -4.55% 0.34%
2015 -7.58% -0.19%
2014 -6.2% -2.87%
2013 -8.46% -2.19%
2012 -6.69% -3.76%
2011 -3.47% -2.73%
2010 -7.1% -4.06%
2009 -6.19% -5.34%
2008 -3.94% -3.82%
2007 -4.08% 0.17%
2006 -3.13% 2.08%
2005 -2.78% 0.74%
2004 -2.73% -0.18%
2003 -2.86% -0.44%
2002 -4.96% -2.99%
2001 3.83% -3.44%
2000 4.68% -4.63%
1999 5.06% -2.78%
1998 5.63% -0.98%
1997 5.15% -
1996 3.5% -
1995 5.79% -
1994 6.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

In 2025, Barbados' government deficit, the difference between spending and revenue, was $24.8M, equivalent to 0.31% of GDP. This compares to Bosnia and Herzegovina's deficit of $784M, or 2.41% of GDP.

Over the past 28 years, Barbados recorded a fiscal deficit in 23 of those years, while Bosnia and Herzegovina ran a deficit in 20 years. On average, Barbados posted an annual deficit equal to 2.47% of GDP, compared to deficit of 1.53% of GDP for Bosnia and Herzegovina.

Inflation comparison by year

Inflation
Barbados

Bosnia and Herzegovina
1x
Year Consumer prices inflation
Barbados Bosnia
2025 0.85% 4%
2024 1.45% 1.7%
2023 3.19% 6.1%
2022 - 14%
2021 - 2%
2020 - -1%
2019 1.68% 0.6%
2018 3.11% 1.4%
2017 4.66% 0.8%
2016 1.28% -1.6%
2015 -1.11% -1%
2014 1.77% -0.9%
2013 1.81% -0.1%
2012 4.53% 2.1%
2011 9.43% 4%
2010 5.82% 2.1%
2009 3.64% -0.4%
2008 8.11% 7.4%
2007 4.03% 1.5%
2006 7.31% 6.1%
2005 6.08% 3.6%
2004 1.39% 0.3%
2003 1.62% 0.5%
2002 0.13% 0.3%
2001 2.58% 3.2%
2000 2.44% 5%
1999 1.56% 2.8%
1998 -1.27% -0.3%
1997 7.71% 5.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

Over the past 29 years, Barbados has recorded an average annual inflation rate of 3.22%, compared with 2.41% in Bosnia and Herzegovina. In 2025, inflation was 0.85% in Barbados and 4% in Bosnia and Herzegovina.

Top exports between countries

Barbados
Export category Export value
Machinery & equipment $2K
Bosnia
Export category Export value

Balance of trade

Barbados Bosnia
Current account balance
-$296M
2017
-$1.02B
2025
Current account balance ranking
96/190
2017
117/190
2025
Current account balance, % of GDP
-5.07%
2017
-3.14%
2025
Goods imports
$1.53B
2017
$16.3B
2025
Goods exports
$705M
2017
$9.5B
2025
Service imports
$687M
2017
$1.42B
2025
Service exports
$1.52B
2017
$3.92B
2025
Imports of goods and services, % of GDP n/a
54.1%
2025
Exports of goods and services, % of GDP
14.5%
2026
41%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Barbados Bosnia
Economic freedom 70.4 63.1
Economic freedom ranking 34/197 83/197
Property rights 76.4 46.9
Government integrity 71.3 36.8
Judicial effectiveness 87.3 36.1
Tax burden 83.2 93.9
Government spending 74.5 48.4
Fiscal health 76.5 96.2
Business freedom 72.3 65.1
Labor freedom 54.3 62.7
Monetary freedom 80.8 77.5
Trade freedom 48.2 69
Investment freedom 60 65
Financial freedom 60 60

Economic freedom comparison by year

Barbados
Bosnia and Herzegovina
1x
Year Economic freedom index
Barbados Bosnia
2026 70.4 63.1
2025 68.9 63.5
2024 66.8 62
2023 69.8 62.9
2022 71.3 63.4
2021 65 62.9
2020 61.4 62.6
2019 64.7 61.9
2018 57 61.4
2017 54.5 60.2
2016 68.3 58.6
2015 67.9 59
2014 68.3 58.4
2013 69.3 57.3
2012 69 57.3
2011 68.5 57.5
2010 68.3 56.2
2009 71.5 53.1
2008 71.3 53.9
2007 70 54.4
2006 71.9 55.6
2005 70.1 48.8
2004 69.4 44.7
2003 71.3 40.6
2002 73.6 37.4
2001 71.5 36.6
2000 69.5 45.1
1999 66.7 29.4
1998 67.9 29.4
1997 64.5 -
1996 62.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 63.1 for Bosnia and Herzegovina, ranking 83/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Bosnia
Services, % of GDP
75.8%
2024
57.7%
2025
Industry, % of GDP
12.2%
2024
21.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.55%
2024
4.36%
2025
GNI, Atlas method
$7.65B
2025
$31.2B
2025
GNI per capita, PPP
$24,840
2025
$25,810
2025
Total reserves including gold
$1.65B
2024
$9.42B
2024
Total reserves ranking
131/177
2024
83/177
2024
Net foreign direct investment
-$208M
2017
-$526M
2025
Net inflows of foreign direct investment
$303M
2024
$1B
2024
Net outflows of foreign direct investment
$18.6M
2024
$119M
2024
Servicing debt to the IMF, % of GNI n/a
4.91%
2024
Poverty at national poverty lines
25.7%
2016
16.9%
2015
Gross capital formation, % of GDP n/a
28.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/bosnia-and-herzegovina | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2025, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.