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Economy of Barbados vs Cambodia compared: GDP & Debt

Updated on by Georank team

Barbados has a GDP of $7.5B compared to $46.4B for Cambodia, ranking 157/197 and 97/197 by economy size, respectively.

Barbados has $7.97B in government debt (106.3% of GDP), compared to $12B (25.9% of GDP) in Cambodia.

Barbados vs Cambodia GDP by year

Barbados
Cambodia
1x
Year GDP, current $
Barbados Cambodia
2024 $7,498,050,000 $46,352,647,037
2023 $7,223,250,000 $42,335,646,896
2022 $6,884,900,000 $39,994,532,960
2021 $5,947,550,000 $36,790,163,687
2020 $5,407,050,000 $34,818,073,901
2019 $6,161,850,000 $36,685,356,408
2018 $6,001,950,000 $33,145,892,169
2017 $5,683,150,000 $29,355,665,910
2016 $5,674,600,000 $26,556,545,153
2015 $5,698,150,000 $24,174,170,369
2014 $5,620,600,000 $22,041,463,968
2013 $5,667,200,000 $19,807,135,253
2012 $5,761,450,000 $17,826,536,700
2011 $5,663,100,000 $16,032,622,024
2010 $5,672,900,000 $13,808,673,288
2009 $4,466,809,600 $12,502,901,170
2008 $4,790,410,400 $12,174,303,999
2007 $4,675,767,950 $10,127,916,460
2006 $4,217,323,400 $8,350,531,017
2005 $3,819,500,000 $7,066,296,463
2004 $3,444,500,000 $5,883,297,160
2003 $3,209,500,000 $5,046,693,484
2002 $3,106,500,000 $4,501,227,627
2001 $3,054,500,000 $4,145,665,970
2000 $3,059,500,000 $3,694,168,979
1999 $2,951,822,205 $3,517,242,477
1998 $2,817,083,478 $3,120,425,503
1997 $2,498,384,130 $3,443,413,389
1996 $2,363,645,403 $3,506,695,720
1995 $2,216,974,096 $3,441,205,693
1994 $2,151,344,901 $2,791,435,272
1993 $2,063,342,117 $2,533,727,592
1992 $1,957,000,000 $2,491,486,594
1991 $2,020,583,702 $2,054,974,089
1990 $2,012,131,457 $1,402,541,177
1989 $2,006,165,167 $1,353,137,648
1988 $1,812,757,918 $1,662,877,859
1987 $1,704,370,308 $1,036,974,910
1986 $1,547,755,183 $1,167,630,318
1985 $1,409,536,121 $1,102,669,184
1984 $1,346,890,071 $1,021,176,059
1983 $1,236,016,507 $939,291,262
1982 $1,163,923,830 $865,516,040
1981 $1,114,204,743 $815,153,652
1980 $1,012,280,615 $744,384,130
1979 $670,362,452 $723,738,503
1978 $552,883,707 $766,642,356
1977 $495,097,668 $716,261,764
1976 $435,911,269 $790,357,255
1975 $402,178,605 $749,129,748
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/barbados/cambodia | CC BY

GDP per capita in Barbados vs Cambodia by year

Barbados
GDP per capita

GDP per capita, PPP
Cambodia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Cambodia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $26,545 $24,823 $2,628 $7,967
2023 $25,584 $23,660 $2,430 $7,431
2022 $24,387 $22,193 $2,325 $6,919
2021 $21,080 $17,683 $2,167 $6,226
2020 $19,194 $16,555 $2,082 $5,942
2019 $21,912 $19,971 $2,226 $6,154
2018 $21,381 $19,777 $2,037 $5,617
2017 $20,285 $18,437 $1,826 $5,050
2016 $20,296 $19,176 $1,675 $4,748
2015 $20,424 $19,186 $1,547 $4,434
2014 $20,193 $18,595 $1,432 $4,118
2013 $20,410 $19,032 $1,306 $3,891
2012 $20,804 $19,605 $1,193 $3,583
2011 $20,508 $20,316 $1,089 $3,223
2010 $20,611 $20,033 $952 $2,989
2009 $16,295 $20,324 $876 $2,854
2008 $17,566 $21,376 $866 $2,769
2007 $17,235 $20,949 $732 $2,566
2006 $15,620 $20,076 $612 $2,297
2005 $14,214 $18,450 $526 $2,038
2004 $12,886 $17,299 $444 $1,770
2003 $12,076 $16,707 $387 $1,598
2002 $11,760 $16,133 $350 $1,442
2001 $11,640 $15,866 $328 $1,357
2000 $11,675 $15,914 $296.4 $1,256
1999 $11,244 $14,873 $286.8 $1,134
1998 $10,734 $14,621 $258.8 $1,009
1997 $9,522 $13,941 $297.6 $994
1996 $9,012 $13,090 $325 $1,006
1995 $8,460 $12,375 $343 $1,006
1994 $8,223 $11,900 $302 $972
1993 $7,905 $11,448 $294.1 $1,565
1992 $7,519 $11,127 $307 $1,560
1991 $7,790 $11,576 $267.3 $1,504
1990 $7,781 $11,687 $190.2 $1,410
1989 $7,773 - $191.3 -
1988 $7,033 - $244.1 -
1987 $6,625 - $158.1 -
1986 $6,031 - $185.8 -
1985 $5,510 - $182.4 -
1984 $5,284 - $174.7 -
1983 $4,866 - $166.7 -
1982 $4,599 - $159.2 -
1981 $4,417 - $154.3 -
1980 $4,025 - $143.2 -
1979 $2,668 - $142.2 -
1978 $2,198 - $147.1 -
1977 $1,968 - $126.4 -
1976 $1,734 - $128.8 -
1975 $1,601 - $113.8 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/barbados/cambodia | CC BY

Barbados' GDP per capita is $26,545, ranking 46/197, compared to $2,628 in Cambodia, ranking 145/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Cambodia ranks 142nd at $7,967.

Economic indicators

Barbados Cambodia
Gross domestic product
$7.5B
2024
$46.4B
2024
GDP rank
157/197
2024
97/197
2024
GDP growth
2.48%
2023-2024
5.98%
2023-2024
GDP per capita
$26,545
2024
$2,628
2024
GDP per capita rank
46/197
2024
145/197
2024
GDP per capita, PPP
$24,823
2024
$7,967
2024
GDP per capita PPP rank
84/197
2024
142/197
2024
Government debt
$7.97B
2024
$12B
2024
Debt-to-GDP ratio
106.3%
2024
25.9%
2024
Government debt per person
$28,218
2024
$681
2024
Government debt per person rank
26/185
2024
156/185
2024
Average annual personal income after taxes
$18,869
2026
$2,258
2026
Market capitalization of domestic companies
$2.78B
2020
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
25.8%
2016
n/a
Income share by poorest 10%
2.5%
2016
n/a
Government expenditure, % of GDP
30.2%
2024
17.3%
2024
Consumer prices inflation
-0.44%
2023-2024
0.9%
2023-2024
Central bank interest rate
2%
2020
n/a
Unemployment rate
6.54%
2023
0.26%
2023
Population
282798
18113986

Spending and national debt comparison by year

Barbados
Spending

Debt
Cambodia
Spending

Debt
1x
Year % of GDP
Barbados Cambodia
Government spending Government debt Government spending Government debt
2024 30.2% 106.3% 17.3% 25.9%
2023 28.8% 113.4% 19.1% 26.3%
2022 30.3% 116.9% 18.7% 25.5%
2021 32.5% 130.2% 21% 25.9%
2020 30.3% 128.4% 20.3% 25.2%
2019 23.9% 109.5% 17.6% 20.8%
2018 26.9% 115% 16.1% 21.1%
2017 29.8% 143.6% 16.2% 22.6%
2016 30.7% 136.5% 15.2% 21.8%
2015 31.4% 131.9% 14.5% 23.3%
2014 29% 122% 16.5% 24.2%
2013 30.8% 118.6% 16.4% 24.4%
2012 30.6% 109.4% 17.1% 24.9%
2011 27.7% 98.7% 16.5% 23.8%
2010 29.7% 96% 17% 23.4%
2009 29.5% 88.5% 17% 23.7%
2008 28.1% 72.6% 13.1% 23%
2007 27.8% 69% 12.3% 25.1%
2006 27.2% 69.8% 11.3% 26.7%
2005 28.7% 68.2% 11% 31.7%
2004 28.5% 66.5% 12.6% 38.7%
2003 29.8% 66.6% 14.5% 39.8%
2002 31% 66.1% 16.1% 37.8%
2001 22% 62.6% 14.5% 33.5%
2000 20.8% 56.6% 14.9% 34.9%
1999 19.7% 50.1% 13.8% 34.6%
1998 19% 50.5% 13.4% 37.2%
1997 21.5% 56.9% 12.4% 31.4%
1996 20.5% 56.1% 15.7% 30.1%
1995 18.6% 55.9% - -
1994 17% 55% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/barbados/cambodia | CC BY

In 2024, Barbados' government spending was $2.26B, accounting for 30.2% of its GDP, while Cambodia spent $8B, or 17.3% of GDP.

Debt-to-GDP ratio is 106.3% in Barbados and 25.9% in Cambodia, ranking 18/185 and 164/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Cambodia
1x
Year Deficit/surplus, % of GDP
Barbados Cambodia
2024 -0.89% -2.67%
2023 -1.71% -2.83%
2022 -1.96% -0.29%
2021 -4.65% -5.18%
2020 -4.16% -2.53%
2019 3.08% 2.19%
2018 -0.34% 0.28%
2017 -3.89% -0.76%
2016 -4.88% -0.29%
2015 -8.16% -0.65%
2014 -6.57% -1.24%
2013 -8.98% -2.01%
2012 -7.07% -3.57%
2011 -3.63% -3.76%
2010 -7.55% -3.09%
2009 -6.56% -3.98%
2008 -4.1% 0.43%
2007 -4.34% 0.62%
2006 -3.41% -0.15%
2005 -3.03% -0.34%
2004 -2.97% -3.23%
2003 -3.08% -5.69%
2002 -5.28% -6.07%
2001 4.07% -4.95%
2000 4.94% -4.76%
1999 5.39% -3.79%
1998 6.03% -5.35%
1997 5.64% -3.7%
1996 3.76% -7.53%
1995 6.22% -
1994 6.72% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/barbados/cambodia | CC BY

In 2024, Barbados' government deficit, the difference between spending and revenue, was $66.8M, equivalent to 0.89% of GDP. This compares to Cambodia's deficit of $1.24B, or 2.67% of GDP.

Over the past 29 years, Barbados recorded a fiscal deficit in 22 of those years, while Cambodia ran a deficit in 25 years. On average, Barbados posted an annual deficit equal to 2.22% of GDP, compared to deficit of 2.58% of GDP for Cambodia.

Inflation comparison by year

Inflation
Barbados

Cambodia
1x
Year Consumer prices inflation
Barbados Cambodia
2024 -0.44% 0.9%
2023 9.79% 2.1%
2022 - 5.3%
2021 - 2.9%
2020 - 2.9%
2019 4.1% 2%
2018 3.67% 2.4%
2017 4.66% 2.9%
2016 1.28% 3%
2015 -1.11% 1.2%
2014 1.77% 3.9%
2013 1.81% 2.9%
2012 4.53% 2.9%
2011 9.43% 5.5%
2010 5.82% 4%
2009 3.64% -0.7%
2008 8.11% 25%
2007 4.03% 7.7%
2006 7.31% 6.1%
2005 6.08% 6.3%
2004 1.39% 3.9%
2003 1.62% 1%
2002 0.13% 0%
2001 2.58% -0.1%
2000 2.44% -0.8%
1999 1.56% 2%
1998 -1.27% 12.9%
1997 7.71% 10.5%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/barbados/cambodia | CC BY

Over the past 28 years, Barbados has recorded an average annual inflation rate of 3.63%, compared with 4.24% in Cambodia. In 2024, inflation was -0.44% in Barbados and 0.9% in Cambodia.

Top exports between countries

Barbados
Export category Export value
Cambodia
Export category Export value
Textiles & consumer goods $6K

Balance of trade

Barbados Cambodia
Current account balance
-$296M
2017
$228M
2024
Current account balance ranking
100/190
2017
65/190
2024
Current account balance, % of GDP
-5.22%
2017
+0.49%
2024
Goods imports
$1.53B
2017
$31.2B
2024
Goods exports
$705M
2017
$26.8B
2024
Service imports
$687M
2017
$3.08B
2024
Service exports
$1.52B
2017
$4.97B
2024
Imports of goods and services, % of GDP n/a
72.1%
2024
Exports of goods and services, % of GDP
14.5%
2025
71.4%
2024

Economic freedom indices

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

Barbados Cambodia
Economic freedom 70.4 58.7
Economic freedom ranking 34/197 108/197
Property rights 76.4 38.1
Government integrity 71.3 18.9
Judicial effectiveness 87.3 21.2
Tax burden 83.2 90.3
Government spending 74.5 89.9
Fiscal health 76.5 92.7
Business freedom 72.3 60.8
Labor freedom 54.3 48.3
Monetary freedom 80.8 77
Trade freedom 48.2 67.8
Investment freedom 60 50
Financial freedom 60 50

Economic freedom comparison by year

Barbados
Cambodia
1x
Year Economic freedom index
Barbados Cambodia
2026 70.4 58.7
2025 68.9 58.2
2024 66.8 55.6
2023 69.8 56.5
2022 71.3 57.1
2021 65 57.3
2020 61.4 57.3
2019 64.7 57.8
2018 57 58.7
2017 54.5 59.5
2016 68.3 57.9
2015 67.9 57.5
2014 68.3 57.4
2013 69.3 58.5
2012 69 57.6
2011 68.5 57.9
2010 68.3 56.6
2009 71.5 56.6
2008 71.3 55.9
2007 70 55.9
2006 71.9 56.7
2005 70.1 60
2004 69.4 61.1
2003 71.3 63.7
2002 73.6 60.7
2001 71.5 59.6
2000 69.5 59.3
1999 66.7 59.9
1998 67.9 59.8
1997 64.5 52.8
1996 62.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/barbados/cambodia | CC BY

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 58.7 for Cambodia, ranking 108/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Cambodia
Services, % of GDP
75.5%
2024
35.6%
2024
Industry, % of GDP
12.4%
2024
41.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.58%
2024
16.6%
2024
GNI, Atlas method
$7.1B
2024
$44.9B
2024
GNI per capita, PPP
$23,850
2024
$7,910
2024
Total reserves including gold
$1.65B
2024
$22.5B
2024
Total reserves ranking
131/177
2024
58/177
2024
Net foreign direct investment
-$208M
2017
-$4.22B
2024
Net inflows of foreign direct investment
$303M
2024
$4.39B
2024
Net outflows of foreign direct investment
$18.6M
2024
$172M
2024
Servicing debt to the IMF, % of GNI n/a
7.41%
2024
Poverty at national poverty lines
25.7%
2016
17.7%
2012
Gross capital formation, % of GDP n/a
32.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/barbados/cambodia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2023, retrieved 2026-02-08)

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.