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Barbados vs Malaysia: Economic Indicators Comparison

Malaysia with a GDP of $358.6B ranked the 37th largest economy in the world, while Barbados ranked 157th with $5.1B. By GDP 5-years average growth and GDP per capita, Malaysia and Barbados ranked 29th vs 159th and 67th vs 50th, respectively.

Gross Domestic Product & Income

StatBarbadosMalaysia
GDP$5.1B$358.6B
GDP growth, 1 year-0.5%4.7%
GDP growth, 5-years average0.7%5.2%
Population285k31.6M
GDP per capita$18k$11k
GDP per capita growth-0.64%3.33%
Purchasing Power Parity conversion factor1.931.44
Price level ratio of PPP conversion factor GDP to market exchange rate0.970.36
GDP per capita, PPP adjusted$19k$31k
GNI, Atlas method$4.4B$333.8B
GNI per capita$15k$11k
GNI, PPP adjusted$4.7B$966.3B
GNI per capita, PPP adjusted$16k$31k

Financial system and Human development

StatBarbadosMalaysia
Income Tax Rate40%25%
Corporate Tax Rate5.5%25%
Inflation, consumer prices3.6%1%
Inflation, GDP deflator3.6%0.7%
Unemployment9.6%3.4%
Economic Freedom Index61.474.7
Personal Freedom Index8.226.23
Human Freedom Index7.216.38
Property Rights Index56.686.5
Judical Effectiveness Index36.174.6
Business Freedom Index69.487.8
Fiscal Health Index63.180.2
Labor Freedom Index6074.5
Investment Freedom Index7060
Financial Freedom Index6050
Trade Freedom Index56.682
Monetary Freedom Index77.981.6
Government Spending Index69.284.6
Tax Burden Index73.685.7
Government Integrity Index4449.4
Corruption Perceptions Index6847
Life expectancy at birth, years7975.8
Suicide mortality rate, per 100,000 people0.85.5
Mortality caused by road traffic injury, per 100,000 people5.623.6
Intentional homicides, per 100,000 people10.52.1
International tourism, number of arrivals680k25.8M

Government debt & reserves

StatBarbadosMalaysia
Central government debt, % of GDP124.5%56.2%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI-6.8%10%
Gross savings, % of GDP-0.5%25.7%
Gross capital formation, % of GDP11.3%23.6%
Total reserves including gold$431.8M$101.5B
Foreign direct investment net inflows$195.1M$8.6B

Exports, imports and economic structure

StatBarbadosMalaysia
Exports of goods and services, % of GDP42%68.8%
Imports of goods and services, % of GDP40.9%61.7%
Current account balance (balance of payments)-$248.2M$7.6B
Revenue excluding grants, % of GDP26.7%16.1%
Grants excluding technical cooperation, BoP$13.8M$26.2M
Personal remittances received$108.3M$1.7B
Industry including construction value added, % of GDP14%38.3%
Agriculture, forestry and fishing value added, % of GDP1.3%7.5%
Charges for the use of intellectual property, payments BoP$12.1M$2B
Charges for the use of intellectual property, receipts BoP$33.4M$267.4M
Expense, % of GDP35.2%15.9%
Government Expenditure, % of GDP32%22.6%

Compare with countries close by GDP per capita

Barbados vs

CountryGDP
per capita
Population
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M

Malaysia vs

CountryGDP
per capita
Population
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M