Barbados vs Nauru: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while Nauru ranked 195th with $125.6M. By GDP per capita, Barbados and Nauru ranked 50th vs 74th, respectively.

Gross Domestic Product & Income

Stat	Barbados	Nauru
GDP	$5.1B	$125.6M
GDP growth, 1 year	-0.5%	5.7%
GDP growth, 5-years average	0.7%	N/A
Population	286k	14k
GDP per capita	$18k	$9.9k
GDP per capita growth	-0.64%	7.13%
Purchasing Power Parity conversion factor	1.93	0.77
Price level ratio of PPP conversion factor GDP to market exchange rate	0.97	0.6
GDP per capita, PPP adjusted	$19k	$17k
GNI, Atlas method	$4.4B	$153.2M
GNI per capita	$15k	$12k
GNI, PPP adjusted	$4.7B	$266.1M
GNI per capita, PPP adjusted	$16k	$21k

Financial system and Human development

Stat	Barbados	Nauru
Income Tax Rate	40%	N/A
Corporate Tax Rate	5.5%	N/A
Inflation, consumer prices	3.6%	N/A
Inflation, GDP deflator	3.6%	1.5%
Unemployment	9.6%	13.3%
Economic Freedom Index	61.4	60
Personal Freedom Index	8.22	6.3
Human Freedom Index	7.21	6.2
Property Rights Index	56.6	N/A
Judical Effectiveness Index	36.1	N/A
Business Freedom Index	69.4	N/A
Fiscal Health Index	63.1	N/A
Labor Freedom Index	60	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	56.6	N/A
Monetary Freedom Index	77.9	N/A
Government Spending Index	69.2	N/A
Tax Burden Index	73.6	N/A
Government Integrity Index	44	N/A
Corruption Perceptions Index	68	56
Life expectancy at birth, years	79	59.7
Suicide mortality rate, per 100,000 people	0.8	0.2
Mortality caused by road traffic injury, per 100,000 people	5.6	1
Intentional homicides, per 100,000 people	10.5	0
International tourism, number of arrivals	680k	N/A

Government debt & reserves

Stat	Barbados	Nauru
Central government debt, % of GDP	124.5%	N/A
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	-6.8%	N/A
Gross savings, % of GDP	-0.5%	N/A
Gross capital formation, % of GDP	11.3%	N/A
Total reserves including gold	$431.8M	N/A
Foreign direct investment net inflows	$195.1M	$0

Exports, imports and economic structure

Stat	Barbados	Nauru
Exports of goods and services, % of GDP	42%	48.8%
Imports of goods and services, % of GDP	40.9%	101.7%
Current account balance (balance of payments)	-$248.2M	$8.4M
Revenue excluding grants, % of GDP	26.7%	96.8%
Grants excluding technical cooperation, BoP	$13.8M	$23.7M
Personal remittances received	$108.3M	$6.5M
Industry including construction value added, % of GDP	14%	5.5%
Agriculture, forestry and fishing value added, % of GDP	1.3%	3.6%
Charges for the use of intellectual property, payments BoP	$12.1M	N/A
Charges for the use of intellectual property, receipts BoP	$33.4M	N/A
Expense, % of GDP	35.2%	85%
Government Expenditure, % of GDP	32%	N/A