Barbados vs Ethiopia: Economic Indicators Comparison

Ethiopia with a GDP of $84.4B ranked the 68th largest economy in the world, while Barbados ranked 157th with $5.1B. By GDP 5-years average growth and GDP per capita, Ethiopia and Barbados ranked 2nd vs 159th and 181st vs 50th, respectively.

Gross Domestic Product & Income

StatBarbadosEthiopia
GDP$5.1B$84.4B
GDP growth, 1 year-0.5%7.7%
GDP growth, 5-years average0.7%9.3%
Population286k105M
GDP per capita$18k$772
GDP per capita growth-0.64%4.05%
Purchasing Power Parity conversion factor1.939.97
Price level ratio of PPP conversion factor GDP to market exchange rate0.970.38
GDP per capita, PPP adjusted$19k$2.3k
GNI, Atlas method$4.4B$86.7B
GNI per capita$15k$790
GNI, PPP adjusted$4.7B$219.4B
GNI per capita, PPP adjusted$16k$2k

Financial system and Human development

StatBarbadosEthiopia
Income Tax Rate40%35%
Corporate Tax Rate5.5%30%
Inflation, consumer prices3.6%13.8%
Inflation, GDP deflator3.6%12.5%
Unemployment9.6%1.8%
Economic Freedom Index61.453.6
Personal Freedom Index8.225.44
Human Freedom Index7.215.33
Property Rights Index56.636.5
Judical Effectiveness Index36.145.1
Business Freedom Index69.448.6
Fiscal Health Index63.179.2
Labor Freedom Index6057.6
Investment Freedom Index7035
Financial Freedom Index6020
Trade Freedom Index56.660.8
Monetary Freedom Index77.962.7
Government Spending Index69.290.8
Tax Burden Index73.677.4
Government Integrity Index4429.4
Corruption Perceptions Index6834
Life expectancy at birth, years7965.9
Suicide mortality rate, per 100,000 people0.87.2
Mortality caused by road traffic injury, per 100,000 people5.626.7
Intentional homicides, per 100,000 people10.57.6
International tourism, number of arrivals680k849k

Government debt & reserves

StatBarbadosEthiopia
Central government debt, % of GDP124.5%61.1%
External debt stocks, % of GNIN/A33.4%
External debt stocksN/A$28B
Short-term debt, % of total reservesN/A18.8%
Total debt service, % of exports and primary incomeN/A20.8%
Adjusted net savings including particulate emission damage, % of GNI-6.8%9.3%
Gross savings, % of GDP-0.5%33.2%
Gross capital formation, % of GDP11.3%34.1%
Total reserves including gold$431.8M$4B
Foreign direct investment net inflows$195.1M$3.4B

Exports, imports and economic structure

StatBarbadosEthiopia
Exports of goods and services, % of GDP42%8.4%
Imports of goods and services, % of GDP40.9%22.8%
Current account balance (balance of payments)-$248.2M-$4.6B
Revenue excluding grants, % of GDP26.7%9%
Grants excluding technical cooperation, BoP$13.8M$2.4B
Personal remittances received$108.3M$436.3M
Industry including construction value added, % of GDP14%27.3%
Agriculture, forestry and fishing value added, % of GDP1.3%31.2%
Charges for the use of intellectual property, payments BoP$12.1M$26.7M
Charges for the use of intellectual property, receipts BoP$33.4M$7.8M
Expense, % of GDP35.2%10.8%
Government Expenditure, % of GDP32%17.5%

Compare with countries close by GDP per capita

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

Ethiopia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M