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Economy of Barbados vs Chad compared: GDP & Debt

Updated on by Georank

Barbados has a GDP of $8.02B compared to $21.5B for Chad, ranking 157/197 and 131/197 by economy size, respectively.

Barbados has $7.55B in government debt (94.2% of GDP), compared to $6.53B (30.4% of GDP) in Chad.

Barbados vs Chad GDP by year

Barbados
Chad
1x
Year GDP, current $
Barbados Chad
2025 $8,016,550,000 $21,472,835,225
2024 $7,597,571,450 $19,906,706,690
2023 $7,223,248,150 $18,352,937,976
2022 $6,886,644,900 $17,828,508,290
2021 $5,948,900,600 $16,871,937,698
2020 $5,403,246,950 $14,932,897,821
2019 $6,166,710,800 $14,905,517,743
2018 $6,001,101,550 $15,327,000,249
2017 $5,847,381,600 $13,349,041,409
2016 $5,679,029,450 $13,026,289,836
2015 $5,699,619,150 $14,559,599,500
2014 $5,684,901,000 $18,144,336,904
2013 $5,660,059,700 $17,865,316,886
2012 $5,486,500,500 $17,892,228,570
2011 $5,563,162,050 $16,685,349,674
2010 $5,428,683,250 $14,058,506,664
2009 $4,466,809,600 $12,317,614,054
2008 $4,790,410,400 $13,385,593,990
2007 $4,675,767,950 $10,865,385,132
2006 $4,217,323,400 $9,709,626,596
2005 $3,819,500,000 $8,655,892,393
2004 $3,444,500,000 $4,422,855,661
2003 $3,209,500,000 $2,742,815,072
2002 $3,106,500,000 $1,997,005,709
2001 $3,054,500,000 $1,710,843,377
2000 $3,059,500,000 $1,388,506,772
1999 $2,951,822,205 $1,534,673,583
1998 $2,817,083,478 $1,744,794,531
1997 $2,498,384,130 $1,544,689,577
1996 $2,363,645,403 $1,607,345,356
1995 $2,216,974,096 $1,445,919,895
1994 $2,151,344,901 $1,179,837,963
1993 $2,063,342,117 $1,463,251,164
1992 $1,957,000,000 $1,881,847,670
1991 $2,020,583,702 $1,877,137,982
1990 $2,012,131,457 $1,738,605,558
1989 $2,006,165,167 $1,433,686,312
1988 $1,812,757,918 $1,482,597,298
1987 $1,704,370,308 $1,163,426,852
1986 $1,547,755,183 $1,067,828,246
1985 $1,409,536,121 $1,033,069,709
1984 $1,346,890,071 $919,103,735
1983 $1,236,016,507 $832,415,806
1982 $1,163,923,830 $834,369,860
1981 $1,114,204,743 $876,937,558
1980 $1,012,280,615 $1,033,002,404
1979 $670,362,452 $1,004,316,496
1978 $552,883,707 $1,113,920,124
1977 $495,097,668 $935,360,465
1976 $435,911,269 $866,044,962
1975 $402,178,605 $864,602,105
1974 $311,804,630 $652,532,795
1973 $260,767,828 $647,199,483
1972 $213,725,217 $585,427,547
1971 $186,826,503 $501,866,730
1970 $166,210,203 $469,266,737
1969 $141,393,142 $471,635,622
1968 $125,733,669 $453,980,096
1967 $125,554,009 $449,826,323
1966 $113,195,123 $432,794,922
1965 $105,021,997 $416,926,303
1964 $99,252,731 $392,247,518
1963 $99,893,761 $371,767,002
1962 $88,782,583 $357,635,713
1961 $85,363,759 $333,975,336
1960 $80,021,847 $313,582,728

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

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

GDP per capita in Barbados vs Chad by year

Barbados
GDP per capita

GDP per capita, PPP
Chad
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Chad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,365 - $1,022 -
2024 $26,897 $24,823 $981 $2,743
2023 $25,584 $23,660 $950 $2,700
2022 $24,393 $22,193 $966 $2,624
2021 $21,084 $17,683 $946 $2,435
2020 $19,181 $16,555 $867 $2,186
2019 $21,929 $19,971 $893 $2,352
2018 $21,378 $19,777 $949 $2,228
2017 $20,871 $18,437 $854 $2,097
2016 $20,311 $19,176 $862 $2,120
2015 $20,429 $19,186 $994 $2,378
2014 $20,424 $18,595 $1,279 $2,133
2013 $20,384 $19,032 $1,305 $2,110
2012 $19,811 $19,605 $1,354 $2,435
2011 $20,146 $20,316 $1,308 $2,388
2010 $19,723 $20,033 $1,142 $2,320
2009 $16,295 $20,324 $1,036 $2,087
2008 $17,566 $21,376 $1,166 $2,181
2007 $17,235 $20,949 $980 $2,149
2006 $15,620 $20,076 $907 $2,079
2005 $14,214 $18,450 $838 $2,102
2004 $12,886 $17,299 $446 $1,808
2003 $12,076 $16,707 $289.1 $1,378
2002 $11,760 $16,133 $219.1 $1,226
2001 $11,640 $15,866 $194.3 $1,152
2000 $11,675 $15,914 $163.1 $1,044
1999 $11,244 $14,873 $186.6 $1,066
1998 $10,734 $14,621 $219.8 $1,096
1997 $9,522 $13,941 $201.4 $1,049
1996 $9,012 $13,090 $216.9 $1,010
1995 $8,460 $12,375 $204 $1,014
1994 $8,223 $11,900 $173.9 $1,026
1993 $7,905 $11,448 $220.7 $933
1992 $7,519 $11,127 $290.6 $1,107
1991 $7,790 $11,576 $302 $1,046
1990 $7,781 $11,687 $290.6 $967
1989 $7,773 - $246.4 -
1988 $7,033 - $263.5 -
1987 $6,625 - $213.9 -
1986 $6,031 - $203.4 -
1985 $5,510 - $202.7 -
1984 $5,284 - $182.2 -
1983 $4,866 - $167.2 -
1982 $4,599 - $176.1 -
1981 $4,417 - $194 -
1980 $4,025 - $228.8 -
1979 $2,668 - $222.9 -
1978 $2,198 - $252.5 -
1977 $1,968 - $215.9 -
1976 $1,734 - $203.7 -
1975 $1,601 - $207.5 -
1974 $1,243 - $160 -
1973 $1,042 - $162.4 -
1972 $856 - $150.4 -
1971 $750 - $131.8 -
1970 $666 - $125.9 -
1969 $567 - $129.2 -
1968 $506 - $126.9 -
1967 $508 - $128.2 -
1966 $462 - $125.8 -
1965 $433 - $123.6 -
1964 $414 - $118.6 -
1963 $421 - $114.7 -
1962 $377 - $112.6 -
1961 $366 - $107.3 -
1960 $347 - $102.8 -

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

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

Barbados' GDP per capita is $28,365, ranking 48/197, compared to $1,022 in Chad, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Chad ranks 182nd at $2,743.

Economic indicators

Barbados Chad
Gross domestic product
$8.02B
2025
$21.5B
2025
GDP rank
157/197
2025
131/197
2025
GDP growth
2.7%
2024-2025
5.59%
2024-2025
GDP per capita
$28,365
2025
$1,022
2025
GDP per capita rank
48/197
2025
181/197
2025
GDP per capita, PPP
$24,823
2024
$2,743
2024
GDP per capita PPP rank
84/197
2024
182/197
2024
Government debt
$7.55B
2025
$6.53B
2025
Debt-to-GDP ratio
94.2%
2025
30.4%
2025
Government debt per person
$26,731
2025
$311
2025
Government debt per person rank
28/185
2025
178/185
2025
Average annual personal income after taxes
$19,127
2026
$1,529
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
29.5%
2022
Income share by poorest 10%
2.5%
2016
2.8%
2022
Government expenditure, % of GDP
27%
2025
18.6%
2025
Consumer prices inflation
0.85%
2024-2025
-2.6%
2024-2025
Central bank interest rate
2%
2020
n/a
Unemployment rate
6.03%
2024
3.11%
2022
Population
282789
21855137

Spending and national debt comparison by year

Barbados
Spending

Debt
Chad
Spending

Debt
1x
Year % of GDP
Barbados Chad
Government spending Government debt Government spending Government debt
2025 27% 94.2% 18.6% 30.4%
2024 28.1% 98.9% 18.1% 31.4%
2023 26.5% 104.1% 17.1% 32.2%
2022 26.9% 104% 12.6% 32.1%
2021 27.1% 108.6% 13% 41.7%
2020 30.6% 129.6% 14.1% 41.6%
2019 22.2% 101.6% 10.6% 38.4%
2018 25% 107.2% 9.73% 33.8%
2017 28% 134.6% 11.3% 39.1%
2016 28.6% 127.1% 11.2% 40.2%
2015 29.2% 122.5% 13.8% 31.3%
2014 27.4% 115.1% 16.9% 29.4%
2013 29.1% 111.7% 16.6% 22.3%
2012 28.9% 103.5% 16.6% 20%
2011 26.5% 94.4% 16.3% 22.3%
2010 28% 90.3% 18.5% 22.9%
2009 27.8% 83.5% 19.8% 23.9%
2008 27.1% 69.8% 14.6% 15.7%
2007 26.1% 64.9% 13.6% 17.6%
2006 25% 64.1% 10.7% 20.1%
2005 26.4% 62.7% 8.87% 22%
2004 26.2% 61% 9.84% 25.2%
2003 27.7% 61.8% 14.9% 34.4%
2002 29.1% 62% 13.8% 42%
2001 20.7% 59% 12% 43.5%
2000 19.7% 53.6% 14% 52.4%
1999 18.5% 47% 12.9% 44.7%
1998 17.8% 47.2% 10.1% 34.7%
1997 19.6% 52% 12% 41.3%
1996 19.1% 52.3% 12% 40.5%
1995 17.3% 52% 12.3% 41.1%
1994 15.9% 51.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-07-08).

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

In 2025, Barbados' government spending was $2.16B, accounting for 27% of its GDP, while Chad spent $3.99B, or 18.6% of GDP.

Debt-to-GDP ratio is 94.2% in Barbados and 30.4% in Chad, ranking 28/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Chad
1x
Year Deficit/surplus, % of GDP
Barbados Chad
2025 -0.31% -1.26%
2024 -0.84% -2.03%
2023 -1.57% -1.26%
2022 -1.74% 3.79%
2021 -3.88% -1.29%
2020 -4.19% 1.24%
2019 2.86% -0.11%
2018 -0.32% 1.39%
2017 -3.64% -0.18%
2016 -4.55% -1.51%
2015 -7.58% -3.29%
2014 -6.2% -3.22%
2013 -8.46% -1.5%
2012 -6.69% 0.33%
2011 -3.47% 1.75%
2010 -7.1% -3.16%
2009 -6.19% -8.44%
2008 -3.94% 2.82%
2007 -4.08% 2.02%
2006 -3.13% 1.7%
2005 -2.78% -0.05%
2004 -2.73% -1.84%
2003 -2.86% -4.32%
2002 -4.96% -4.08%
2001 3.83% -3.53%
2000 4.68% -4.68%
1999 5.06% -4.07%
1998 5.63% -1.73%
1997 5.15% -2.58%
1996 3.5% -2.86%
1995 5.79% -3.12%
1994 6.28% -

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

GeoRank.org/economy/barbados/chad | 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 Chad's deficit of $271M, or 1.26% of GDP.

Over the past 31 years, Barbados recorded a fiscal deficit in 23 of those years, while Chad ran a deficit in 23 years. On average, Barbados posted an annual deficit equal to 1.76% of GDP, compared to deficit of 1.45% of GDP for Chad.

Inflation comparison by year

Inflation
Barbados

Chad
1x
Year Consumer prices inflation
Barbados Chad
2025 0.85% -2.6%
2024 1.45% 5.7%
2023 3.19% 4.1%
2022 - 5.8%
2021 - -0.8%
2020 - -2.7%
2019 1.68% -1%
2018 3.11% 4%
2017 4.66% -0.9%
2016 1.28% -1.6%
2015 -1.11% 4.8%
2014 1.77% -5.5%
2013 1.81% 0.2%
2012 4.53% 7.5%
2011 9.43% 2%
2010 5.82% -2.1%
2009 3.64% 10.1%
2008 8.11% 8.3%
2007 4.03% -7.4%
2006 7.31% 9.6%
2005 6.08% 4.4%
2004 1.39% -4.8%
2003 1.62% -1.8%
2002 0.13% 5.2%
2001 2.58% 12.4%
2000 2.44% 3.8%
1999 1.56% -8.4%
1998 -1.27% 4.3%
1997 7.71% 5.6%

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/chad | CC BY

Over the past 29 years, Barbados has recorded an average annual inflation rate of 3.22%, compared with 2.01% in Chad. In 2025, inflation was 0.85% in Barbados and -2.6% in Chad.

Top exports between countries

Barbados
Export category Export value
Chad
Export category Export value
Chemicals & pharma $7K

Balance of trade

Barbados Chad
Current account balance
-$296M
2017
-$37.7M
1994
Current account balance ranking
96/190
2017
75/190
1994
Current account balance, % of GDP
-5.07%
2017
-3.2%
1994
Goods imports
$1.53B
2017
$212M
1994
Goods exports
$705M
2017
$135M
1994
Service imports
$687M
2017
$199M
1994
Service exports
$1.52B
2017
$54.8M
1994
Imports of goods and services, % of GDP n/a
16.7%
2025
Exports of goods and services, % of GDP
14.5%
2026
29.4%
2025

Economic freedom indices

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

Barbados Chad
Economic freedom 70.4 51.2
Economic freedom ranking 34/197 154/197
Property rights 76.4 17.2
Government integrity 71.3 15.2
Judicial effectiveness 87.3 15
Tax burden 83.2 77.9
Government spending 74.5 92.2
Fiscal health 76.5 97.9
Business freedom 72.3 27.4
Labor freedom 54.3 53.7
Monetary freedom 80.8 71.6
Trade freedom 48.2 46.4
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Barbados
Chad
1x
Year Economic freedom index
Barbados Chad
2026 70.4 51.2
2025 68.9 52.2
2024 66.8 51.4
2023 69.8 52
2022 71.3 49.8
2021 65 50.4
2020 61.4 50.2
2019 64.7 49.9
2018 57 49.3
2017 54.5 49
2016 68.3 46.3
2015 67.9 45.9
2014 68.3 44.5
2013 69.3 45.2
2012 69 44.8
2011 68.5 45.3
2010 68.3 47.5
2009 71.5 47.5
2008 71.3 47.8
2007 70 50.1
2006 71.9 50
2005 70.1 52.1
2004 69.4 53.1
2003 71.3 52.6
2002 73.6 49.2
2001 71.5 46.4
2000 69.5 46.8
1999 66.7 47.2
1998 67.9 46.6
1997 64.5 45.1
1996 62.3 -

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

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 51.2 for Chad, ranking 154/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Chad
Services, % of GDP
75.8%
2024
33.9%
2025
Industry, % of GDP
12.2%
2024
26.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.55%
2024
36.3%
2025
GNI, Atlas method
$7.65B
2025
$20.4B
2025
GNI per capita, PPP
$24,840
2025
$2,770
2025
Total reserves including gold
$1.65B
2024
$1.55B
2024
Total reserves ranking
131/177
2024
133/177
2024
Net foreign direct investment
-$208M
2017
-$26.5M
1994
Net inflows of foreign direct investment
$303M
2024
$1.02B
2024
Net outflows of foreign direct investment
$18.6M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.91%
2024
Poverty at national poverty lines
25.7%
2016
44.8%
2022
Gross capital formation, % of GDP n/a
20.4%
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/chad | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. 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.