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Economy of Barbados vs Lesotho compared: GDP & Debt

Updated on by Georank

Barbados has a GDP of $8.02B compared to $2.57B for Lesotho, ranking 157/197 and 175/197 by economy size, respectively.

Barbados has $7.55B in government debt (94.2% of GDP), compared to $1.26B (49.1% of GDP) in Lesotho.

Barbados vs Lesotho GDP by year

Barbados
Lesotho
1x
Year GDP, current $
Barbados Lesotho
2025 $8,016,550,000 $2,573,572,920
2024 $7,597,571,450 $2,391,282,548
2023 $7,223,248,150 $2,129,871,530
2022 $6,886,644,900 $2,354,980,960
2021 $5,948,900,600 $2,412,130,057
2020 $5,403,246,950 $2,053,699,864
2019 $6,166,710,800 $2,390,702,296
2018 $6,001,101,550 $2,556,247,292
2017 $5,847,381,600 $2,306,741,672
2016 $5,679,029,450 $2,114,426,452
2015 $5,699,619,150 $2,359,686,725
2014 $5,684,901,000 $2,441,063,054
2013 $5,660,059,700 $2,367,112,932
2012 $5,486,500,500 $2,477,702,216
2011 $5,563,162,050 $2,579,409,620
2010 $5,428,683,250 $2,234,754,242
2009 $4,466,809,600 $1,740,894,965
2008 $4,790,410,400 $1,766,902,709
2007 $4,675,767,950 $1,682,131,785
2006 $4,217,323,400 $1,800,092,564
2005 $3,819,500,000 $1,682,343,527
2004 $3,444,500,000 $1,511,236,656
2003 $3,209,500,000 $1,157,825,435
2002 $3,106,500,000 $775,777,239
2001 $3,054,500,000 $825,706,961
2000 $3,059,500,000 $887,291,688
1999 $2,951,822,205 $912,773,681
1998 $2,817,083,478 $928,460,893
1997 $2,498,384,130 $998,004,259
1996 $2,363,645,403 $946,112,493
1995 $2,216,974,096 $1,001,894,000
1994 $2,151,344,901 $878,250,945
1993 $2,063,342,117 $835,582,062
1992 $1,957,000,000 $831,029,862
1991 $2,020,583,702 $704,325,367
1990 $2,012,131,457 $596,410,264
1989 $2,006,165,167 $495,409,233
1988 $1,812,757,918 $470,395,801
1987 $1,704,370,308 $402,768,324
1986 $1,547,755,183 $318,858,423
1985 $1,409,536,121 $268,629,926
1984 $1,346,890,071 $333,163,670
1983 $1,236,016,507 $386,699,309
1982 $1,163,923,830 $348,741,684
1981 $1,114,204,743 $434,188,034
1980 $1,012,280,615 $431,542,537
1979 $670,362,452 $290,134,593
1978 $552,883,707 $266,570,067
1977 $495,097,668 $193,315,048
1976 $435,911,269 $147,660,037
1975 $402,178,605 $149,558,896
1974 $311,804,630 $150,851,317
1973 $260,767,828 $121,188,716
1972 $213,725,217 $80,913,200
1971 $186,826,503 $76,480,285
1970 $166,210,203 $68,739,973
1969 $141,393,142 $65,967,974
1968 $125,733,669 $61,445,975
1967 $125,554,009 $59,261,976
1966 $113,195,123 $56,699,977
1965 $105,021,997 $54,879,978
1964 $99,252,731 $51,939,979
1963 $99,893,761 $47,039,981
1962 $88,782,583 $41,859,983
1961 $85,363,759 $35,699,986
1960 $80,021,847 $34,579,986

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

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

GDP per capita in Barbados vs Lesotho by year

Barbados
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,365 - $1,089 -
2024 $26,897 $24,823 $1,023 $3,001
2023 $25,584 $23,660 $921 $2,881
2022 $24,393 $22,193 $1,030 $2,761
2021 $21,084 $17,683 $1,067 $2,545
2020 $19,181 $16,555 $919 $2,559
2019 $21,929 $19,971 $1,082 $2,568
2018 $21,378 $19,777 $1,171 $2,632
2017 $20,871 $18,437 $1,069 $2,619
2016 $20,311 $19,176 $992 $2,942
2015 $20,429 $19,186 $1,121 $3,035
2014 $20,424 $18,595 $1,174 $2,771
2013 $20,384 $19,032 $1,151 $2,538
2012 $19,811 $19,605 $1,218 $2,291
2011 $20,146 $20,316 $1,281 $2,279
2010 $19,723 $20,033 $1,119 $2,153
2009 $16,295 $20,324 $879 $2,036
2008 $17,566 $21,376 $898 $2,064
2007 $17,235 $20,949 $861 $1,932
2006 $15,620 $20,076 $925 $1,813
2005 $14,214 $18,450 $861 $1,681
2004 $12,886 $17,299 $767 $1,561
2003 $12,076 $16,707 $583 $1,484
2002 $11,760 $16,133 $389 $1,385
2001 $11,640 $15,866 $413 $1,350
2000 $11,675 $15,914 $443 $1,273
1999 $11,244 $14,873 $456 $1,199
1998 $10,734 $14,621 $465 $1,179
1997 $9,522 $13,941 $502 $1,154
1996 $9,012 $13,090 $480 $1,103
1995 $8,460 $12,375 $513 $1,037
1994 $8,223 $11,900 $456 $995
1993 $7,905 $11,448 $439 $932
1992 $7,519 $11,127 $444 $893
1991 $7,790 $11,576 $382 $830
1990 $7,781 $11,687 $330 $764
1989 $7,773 - $279 -
1988 $7,033 - $270.4 -
1987 $6,625 - $236.5 -
1986 $6,031 - $191.4 -
1985 $5,510 - $165.4 -
1984 $5,284 - $211 -
1983 $4,866 - $252 -
1982 $4,599 - $233.9 -
1981 $4,417 - $299.8 -
1980 $4,025 - $307 -
1979 $2,668 - $212.4 -
1978 $2,198 - $200.8 -
1977 $1,968 - $149.9 -
1976 $1,734 - $117.8 -
1975 $1,601 - $123.2 -
1974 $1,243 - $128.7 -
1973 $1,042 - $107 -
1972 $856 - $74 -
1971 $750 - $72.4 -
1970 $666 - $67.4 -
1969 $567 - $67.1 -
1968 $506 - $64.8 -
1967 $508 - $64.8 -
1966 $462 - $64.3 -
1965 $433 - $64.3 -
1964 $414 - $62.6 -
1963 $421 - $58.4 -
1962 $377 - $53.5 -
1961 $366 - $47 -
1960 $347 - $47 -

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

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

Barbados' GDP per capita is $28,365, ranking 48/197, compared to $1,089 in Lesotho, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Lesotho ranks 180th at $3,001.

Economic indicators

Barbados Lesotho
Gross domestic product
$8.02B
2025
$2.57B
2025
GDP rank
157/197
2025
175/197
2025
GDP growth
2.7%
2024-2025
1.98%
2024-2025
GDP per capita
$28,365
2025
$1,089
2025
GDP per capita rank
48/197
2025
179/197
2025
GDP per capita, PPP
$24,823
2024
$3,001
2024
GDP per capita PPP rank
84/197
2024
180/197
2024
Government debt
$7.55B
2025
$1.26B
2025
Debt-to-GDP ratio
94.2%
2025
49.1%
2025
Government debt per person
$26,731
2025
$535
2025
Government debt per person rank
28/185
2025
165/185
2025
Average annual personal income after taxes
$19,127
2026
$1,455
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
32.9%
2017
Income share by poorest 10%
2.5%
2016
1.7%
2017
Government expenditure, % of GDP
27%
2025
54.2%
2025
Consumer prices inflation
0.85%
2024-2025
4.27%
2024-2025
Central bank interest rate
2%
2020
6.5%
2025
Unemployment rate
6.03%
2024
18.7%
2024
Population
282789
2402837

Spending and national debt comparison by year

Barbados
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Barbados Lesotho
Government spending Government debt Government spending Government debt
2025 27% 94.2% 54.2% 49.1%
2024 28.1% 98.9% 52.5% 52.8%
2023 26.5% 104.1% 49% 61.1%
2022 26.9% 104% 50.8% 64.4%
2021 27.1% 108.6% 53.6% 58%
2020 30.6% 129.6% 54.2% 54.7%
2019 22.2% 101.6% 52.9% 58.2%
2018 25% 107.2% 51.9% 48.2%
2017 28% 134.6% 50.4% 41%
2016 28.6% 127.1% 54.1% 41.5%
2015 29.2% 122.5% 51.7% 45.8%
2014 27.4% 115.1% 50.1% 41.5%
2013 29.1% 111.7% 58.4% 41.2%
2012 28.9% 103.5% 58.1% 39.8%
2011 26.5% 94.4% 60.2% 36.2%
2010 28% 90.3% 55.3% 33.8%
2009 27.8% 83.5% 66.4% 35.9%
2008 27.1% 69.8% 54.1% 47%
2007 26.1% 64.9% 48.1% 49.6%
2006 25% 64.1% 43.2% 43.7%
2005 26.4% 62.7% 37.6% 41%
2004 26.2% 61% 36.3% 49.4%
2003 27.7% 61.8% 39.8% 52.6%
2002 29.1% 62% 41.2% 79.6%
2001 20.7% 59% 41.4% 108.7%
2000 19.7% 53.6% 39.3% 88.5%
1999 18.5% 47% 50.8% 83%
1998 17.8% 47.2% 51.4% 79.4%
1997 19.6% 52% 44.6% 65.7%
1996 19.1% 52.3% 41.5% 71.6%
1995 17.3% 52% 42.1% 62.8%
1994 15.9% 51.4% 40.2% 67%
1993 - - 36% 71.2%
1992 - - 35.3% 64.4%
1991 - - 31.3% 11.9%
1990 - - 32.9% 18%
1989 - - 35.8% 112.5%
1988 - - 35.3% 105.2%
1987 - - 40.3% 97.4%
1986 - - 33.2% 92.5%
1985 - - 32.8% 86.3%
1984 - - 26.8% 57.2%
1983 - - 27.2% 56.7%
1982 - - 29.9% 61.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, Barbados' government spending was $2.16B, accounting for 27% of its GDP, while Lesotho spent $1.4B, or 54.2% of GDP.

Debt-to-GDP ratio is 94.2% in Barbados and 49.1% in Lesotho, ranking 28/185 and 106/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Lesotho
1x
Year Deficit/surplus, % of GDP
Barbados Lesotho
2025 -0.31% 2.15%
2024 -0.84% 8.17%
2023 -1.57% 7.36%
2022 -1.74% -6.33%
2021 -3.88% -4.79%
2020 -4.19% 1.45%
2019 2.86% -5.09%
2018 -0.32% -4.41%
2017 -3.64% -2.02%
2016 -4.55% -9.43%
2015 -7.58% -1.38%
2014 -6.2% 3.16%
2013 -8.46% -2.58%
2012 -6.69% 4.56%
2011 -3.47% -9.85%
2010 -7.1% -1.49%
2009 -6.19% -4.16%
2008 -3.94% 8.1%
2007 -4.08% 10.8%
2006 -3.13% 11.6%
2005 -2.78% 4.46%
2004 -2.73% 6.05%
2003 -2.86% 0.89%
2002 -4.96% -2.44%
2001 3.83% -2.76%
2000 4.68% -0.95%
1999 5.06% -15.3%
1998 5.63% -11.8%
1997 5.15% 0.27%
1996 3.5% 2.11%
1995 5.79% 5.13%
1994 6.28% 5.69%
1993 - 7.55%
1992 - 4.65%
1991 - 9.74%
1990 - 8.78%
1989 - 3.88%
1988 - -1.87%
1987 - -2.85%
1986 - 0.87%
1985 - 1.68%
1984 - 4.82%
1983 - 1.85%
1982 - -2.03%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

GeoRank.org/economy/barbados/lesotho | 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 Lesotho's surplus of $55.4M, or 2.15% of GDP.

Over the past 32 years, Barbados recorded a fiscal deficit in 23 of those years, while Lesotho ran a deficit in 16 years. On average, Barbados posted an annual deficit equal to 1.51% of GDP, compared to deficit of 0.09% of GDP for Lesotho.

Inflation comparison by year

Inflation
Barbados

Lesotho
1x
Year Consumer prices inflation
Barbados Lesotho
2025 0.85% 4.27%
2024 1.45% 6.11%
2023 3.19% 6.34%
2022 - 8.27%
2021 - 6.05%
2020 - 4.98%
2019 1.68% 5.19%
2018 3.11% 4.75%
2017 4.66% 4.45%
2016 1.28% 6.6%
2015 -1.11% 3.22%
2014 1.77% 5.37%
2013 1.81% 4.87%
2012 4.53% 6.05%
2011 9.43% 5.04%
2010 5.82% -2.41%
2009 3.64% -16.9%
2008 8.11% 10.7%
2007 4.03% 8.01%
2006 7.31% 6.07%
2005 6.08% 3.44%
2004 1.39% 5.02%
2003 1.62% 6.63%
2002 0.13% 33.8%
2001 2.58% -9.62%
2000 2.44% 6.13%
1999 1.56% -
1998 -1.27% -
1997 7.71% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 26 years, Barbados has recorded an average annual inflation rate of 3.3%, compared with 5.1% in Lesotho. In 2025, inflation was 0.85% in Barbados and 4.27% in Lesotho.

Balance of trade

Barbados Lesotho
Current account balance
-$296M
2017
-$3.94M
2025
Current account balance ranking
96/190
2017
71/190
2025
Current account balance, % of GDP
-5.07%
2017
-0.15%
2025
Goods imports
$1.53B
2017
$1.69B
2025
Goods exports
$705M
2017
$933M
2025
Service imports
$687M
2017
$467M
2025
Service exports
$1.52B
2017
$16M
2025
Imports of goods and services, % of GDP n/a
104.5%
2025
Exports of goods and services, % of GDP
14.5%
2026
49.5%
2025

Economic freedom indices

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

Barbados Lesotho
Economic freedom 70.4 54.9
Economic freedom ranking 34/197 130/197
Property rights 76.4 41.7
Government integrity 71.3 39.6
Judicial effectiveness 87.3 43.6
Tax burden 83.2 76.4
Government spending 74.5 21.3
Fiscal health 76.5 93.5
Business freedom 72.3 50.6
Labor freedom 54.3 57
Monetary freedom 80.8 74.8
Trade freedom 48.2 65.4
Investment freedom 60 55
Financial freedom 60 40

Economic freedom comparison by year

Barbados
Lesotho
1x
Year Economic freedom index
Barbados Lesotho
2026 70.4 54.9
2025 68.9 54.1
2024 66.8 51.9
2023 69.8 51.6
2022 71.3 48.1
2021 65 53.5
2020 61.4 54.5
2019 64.7 53.1
2018 57 53.9
2017 54.5 53.9
2016 68.3 50.6
2015 67.9 49.6
2014 68.3 49.5
2013 69.3 47.9
2012 69 46.6
2011 68.5 47.5
2010 68.3 48.1
2009 71.5 49.7
2008 71.3 52.1
2007 70 53.2
2006 71.9 54.7
2005 70.1 53.9
2004 69.4 50.3
2003 71.3 52
2002 73.6 48.9
2001 71.5 50.6
2000 69.5 48.4
1999 66.7 48.2
1998 67.9 48.4
1997 64.5 47.2
1996 62.3 47

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

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Lesotho
Services, % of GDP
75.8%
2024
55.6%
2025
Industry, % of GDP
12.2%
2024
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
1.55%
2024
6.49%
2025
GNI, Atlas method
$7.65B
2025
$3.03B
2025
GNI per capita, PPP
$24,840
2025
$3,900
2025
Total reserves including gold
$1.65B
2024
$1.01B
2024
Total reserves ranking
131/177
2024
142/177
2024
Net foreign direct investment
-$208M
2017
$5.77M
2025
Net inflows of foreign direct investment
$303M
2024
-$12.6M
2024
Net outflows of foreign direct investment
$18.6M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
3.79%
2024
Poverty at national poverty lines
25.7%
2016
49.7%
2017
Gross capital formation, % of GDP n/a
31.2%
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/lesotho | 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 (1990–2025, 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 (1982–1989, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, 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.