Barbados vs the Gambia: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Barbados and the Gambia ranked 159th vs 80th and 50th vs 183rd, respectively.

Gross Domestic Product & Income

StatBarbadosGambia
GDP$5.1B$1.6B
GDP growth, 1 year-0.5%6.6%
GDP growth, 5-years average0.7%3.3%
Population286k2.1M
GDP per capita$18k$716
GDP per capita growth-0.64%3.45%
Purchasing Power Parity conversion factor1.9313.2
Price level ratio of PPP conversion factor GDP to market exchange rate0.970.27
GDP per capita, PPP adjusted$19k$2.8k
GNI, Atlas method$4.4B$1.6B
GNI per capita$15k$710
GNI, PPP adjusted$4.7B$5.8B
GNI per capita, PPP adjusted$16k$2.6k

Financial system and Human development

StatBarbadosGambia
Income Tax Rate40%35%
Corporate Tax Rate5.5%32%
Inflation, consumer prices3.6%6.5%
Inflation, GDP deflator3.6%5.2%
Unemployment9.6%8.9%
Economic Freedom Index61.456.3
Personal Freedom Index8.225.86
Human Freedom Index7.216.52
Property Rights Index56.643.9
Judical Effectiveness Index36.143.4
Business Freedom Index69.453.5
Fiscal Health Index63.125.3
Labor Freedom Index6067.4
Investment Freedom Index7065
Financial Freedom Index6050
Trade Freedom Index56.664.6
Monetary Freedom Index77.963.3
Government Spending Index69.285.6
Tax Burden Index73.674.6
Government Integrity Index4439.2
Corruption Perceptions Index6837
Life expectancy at birth, years7961.4
Suicide mortality rate, per 100,000 people0.85.1
Mortality caused by road traffic injury, per 100,000 people5.629.7
Intentional homicides, per 100,000 people10.59.1
International tourism, number of arrivals680k552k

Government debt & reserves

StatBarbadosGambia
Central government debt, % of GDP124.5%83.2%
External debt stocks, % of GNIN/A42.7%
External debt stocksN/A$681.4M
Short-term debt, % of total reservesN/A9.4%
Total debt service, % of exports and primary incomeN/A16.8%
Adjusted net savings including particulate emission damage, % of GNI-6.8%-12.7%
Gross savings, % of GDP-0.5%8.6%
Gross capital formation, % of GDP11.3%17%
Total reserves including gold$431.8M$191.8M
Foreign direct investment net inflows$195.1M$33M

Exports, imports and economic structure

StatBarbadosGambia
Exports of goods and services, % of GDP42%21.9%
Imports of goods and services, % of GDP40.9%41.5%
Current account balance (balance of payments)-$248.2M-$78.6M
Revenue excluding grants, % of GDP26.7%10.1%
Grants excluding technical cooperation, BoP$13.8M$126M
Personal remittances received$108.3M$203.6M
Industry including construction value added, % of GDP14%15.6%
Agriculture, forestry and fishing value added, % of GDP1.3%19.9%
Charges for the use of intellectual property, payments BoP$12.1MN/A
Charges for the use of intellectual property, receipts BoP$33.4MN/A
Expense, % of GDP35.2%10.7%
Government Expenditure, % of GDP32%21.9%

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

Gambia 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
Ethiopia
$772
105M
Chad
$728
15.5M
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