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Economy of Barbados vs Poland compared: GDP & Debt

Updated on by Georank

Barbados has a GDP of $8.02B compared to $1.04T for Poland, ranking 157/197 and 21/197 by economy size, respectively.

Barbados has $7.55B in government debt (94.2% of GDP), compared to $609B (58.8% of GDP) in Poland.

Barbados vs Poland GDP by year

Barbados
Poland
1x
Year GDP, current $
Barbados Poland
2025 $8,016,550,000 $1,035,491,784,197
2024 $7,597,571,450 $917,767,106,147
2023 $7,223,248,150 $812,451,193,396
2022 $6,886,644,900 $695,607,470,875
2021 $5,948,900,600 $689,170,230,665
2020 $5,403,246,950 $605,914,237,904
2019 $6,166,710,800 $602,683,770,145
2018 $6,001,101,550 $594,616,632,477
2017 $5,847,381,600 $528,356,723,263
2016 $5,679,029,450 $473,259,623,976
2015 $5,699,619,150 $480,054,118,583
2014 $5,684,901,000 $542,134,167,179
2013 $5,660,059,700 $518,179,836,405
2012 $5,486,500,500 $498,148,649,703
2011 $5,563,162,050 $527,848,543,023
2010 $5,428,683,250 $478,111,630,684
2009 $4,466,809,600 $440,891,472,247
2008 $4,790,410,400 $535,612,030,672
2007 $4,675,767,950 $429,715,132,138
2006 $4,217,323,400 $345,897,630,736
2005 $3,819,500,000 $306,999,913,151
2004 $3,444,500,000 $256,268,656,145
2003 $3,209,500,000 $218,561,225,998
2002 $3,106,500,000 $199,694,463,256
2001 $3,054,500,000 $191,823,200,371
2000 $3,059,500,000 $172,953,527,033
1999 $2,951,822,205 $170,704,452,715
1998 $2,817,083,478 $175,282,269,667
1997 $2,498,384,130 $159,893,964,917
1996 $2,363,645,403 $160,813,026,223
1995 $2,216,974,096 $142,838,527,115
1994 $2,151,344,901 $110,803,635,288
1993 $2,063,342,117 $96,043,157,273
1992 $1,957,000,000 $94,337,050,693
1991 $2,020,583,702 $85,500,935,935
1990 $2,012,131,457 $65,977,748,211
1989 $2,006,165,167 -
1988 $1,812,757,918 -
1987 $1,704,370,308 -
1986 $1,547,755,183 -
1985 $1,409,536,121 -
1984 $1,346,890,071 -
1983 $1,236,016,507 -
1982 $1,163,923,830 -
1981 $1,114,204,743 -
1980 $1,012,280,615 -
1979 $670,362,452 -
1978 $552,883,707 -
1977 $495,097,668 -
1976 $435,911,269 -
1975 $402,178,605 -
1974 $311,804,630 -
1973 $260,767,828 -
1972 $213,725,217 -
1971 $186,826,503 -
1970 $166,210,203 -
1969 $141,393,142 -
1968 $125,733,669 -
1967 $125,554,009 -
1966 $113,195,123 -
1965 $105,021,997 -
1964 $99,252,731 -
1963 $99,893,761 -
1962 $88,782,583 -
1961 $85,363,759 -
1960 $80,021,847 -

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

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

GDP per capita in Barbados vs Poland by year

Barbados
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,365 - $28,420 -
2024 $26,897 $24,823 $25,104 $51,263
2023 $25,584 $23,660 $22,145 $48,473
2022 $24,393 $22,193 $18,891 $46,778
2021 $21,084 $17,683 $18,636 $41,060
2020 $19,181 $16,555 $16,151 $37,089
2019 $21,929 $19,971 $15,875 $35,882
2018 $21,378 $19,777 $15,658 $32,345
2017 $20,871 $18,437 $13,913 $30,170
2016 $20,311 $19,176 $12,464 $28,360
2015 $20,429 $19,186 $12,638 $26,988
2014 $20,424 $18,595 $14,262 $25,460
2013 $20,384 $19,032 $13,622 $24,434
2012 $19,811 $19,605 $13,087 $23,728
2011 $20,146 $20,316 $13,868 $22,809
2010 $19,723 $20,033 $12,568 $20,991
2009 $16,295 $20,324 $11,556 $19,300
2008 $17,566 $21,376 $14,049 $18,372
2007 $17,235 $20,949 $11,273 $16,833
2006 $15,620 $20,076 $9,069 $15,205
2005 $14,214 $18,450 $8,044 $13,936
2004 $12,886 $17,299 $6,712 $13,413
2003 $12,076 $16,707 $5,721 $12,329
2002 $11,760 $16,133 $5,223 $11,841
2001 $11,640 $15,866 $5,015 $11,175
2000 $11,675 $15,914 $4,521 $10,721
1999 $11,244 $14,873 $4,416 $10,081
1998 $10,734 $14,621 $4,534 $9,521
1997 $9,522 $13,941 $4,137 $8,967
1996 $9,012 $13,090 $4,164 $8,310
1995 $8,460 $12,375 $3,701 $7,715
1994 $8,223 $11,900 $2,875 $7,040
1993 $7,905 $11,448 $2,497 $6,560
1992 $7,519 $11,127 $2,459 $6,193
1991 $7,790 $11,576 $2,236 $5,925
1990 $7,781 $11,687 $1,731 $6,185
1989 $7,773 - - -
1988 $7,033 - - -
1987 $6,625 - - -
1986 $6,031 - - -
1985 $5,510 - - -
1984 $5,284 - - -
1983 $4,866 - - -
1982 $4,599 - - -
1981 $4,417 - - -
1980 $4,025 - - -
1979 $2,668 - - -
1978 $2,198 - - -
1977 $1,968 - - -
1976 $1,734 - - -
1975 $1,601 - - -
1974 $1,243 - - -
1973 $1,042 - - -
1972 $856 - - -
1971 $750 - - -
1970 $666 - - -
1969 $567 - - -
1968 $506 - - -
1967 $508 - - -
1966 $462 - - -
1965 $433 - - -
1964 $414 - - -
1963 $421 - - -
1962 $377 - - -
1961 $366 - - -
1960 $347 - - -

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

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

Barbados' GDP per capita is $28,365, ranking 48/197, compared to $28,420 in Poland, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Poland ranks 43rd at $51,263.

Economic indicators

Barbados Poland
Gross domestic product
$8.02B
2025
$1.04T
2025
GDP rank
157/197
2025
21/197
2025
GDP growth
2.7%
2024-2025
3.57%
2024-2025
GDP per capita
$28,365
2025
$28,420
2025
GDP per capita rank
48/197
2025
47/197
2025
GDP per capita, PPP
$24,823
2024
$51,263
2024
GDP per capita PPP rank
84/197
2024
43/197
2024
Government debt
$7.55B
2025
$609B
2025
Debt-to-GDP ratio
94.2%
2025
58.8%
2025
Government debt per person
$26,731
2025
$16,712
2025
Government debt per person rank
28/185
2025
39/185
2025
Average annual personal income after taxes
$19,127
2026
$20,616
2026
Market capitalization of domestic companies
$2.78B
2020
$316B
2025
Number of millionaires n/a
101,000
2026
Number of billionaires
1
2026
10
2026
Income share by richest 10%
25.8%
2016
22.9%
2023
Income share by poorest 10%
2.5%
2016
3.3%
2023
Government expenditure, % of GDP
27%
2025
50%
2025
Consumer prices inflation
0.85%
2024-2025
3.81%
2024-2025
Central bank interest rate
2%
2020
3.75%
2026
Unemployment rate
6.03%
2024
3.02%
2025
Population
282789
36007074

Spending and national debt comparison by year

Barbados
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Barbados Poland
Government spending Government debt Government spending Government debt
2025 27% 94.2% 50% 58.8%
2024 28.1% 98.9% 49.4% 55.1%
2023 26.5% 104.1% 46.9% 49.5%
2022 26.9% 104% 43.2% 48.8%
2021 27.1% 108.6% 43.6% 53%
2020 30.6% 129.6% 47.7% 56.6%
2019 22.2% 101.6% 41.4% 45.2%
2018 25% 107.2% 41% 48.2%
2017 28% 134.6% 41.1% 50.4%
2016 28.6% 127.1% 41.1% 54.1%
2015 29.2% 122.5% 41.5% 51.1%
2014 27.4% 115.1% 42.7% 51.1%
2013 29.1% 111.7% 43.2% 56.9%
2012 28.9% 103.5% 43.2% 54.5%
2011 26.5% 94.4% 44.1% 54.8%
2010 28% 90.3% 46% 53.7%
2009 27.8% 83.5% 44.9% 49.7%
2008 27.1% 69.8% 44% 46.6%
2007 26.1% 64.9% 42.8% 44.4%
2006 25% 64.1% 44.3% 47.1%
2005 26.4% 62.7% 44.1% 46.5%
2004 26.2% 61% 43.4% 45%
2003 27.7% 61.8% 45.3% 46.2%
2002 29.1% 62% 44.9% 41.4%
2001 20.7% 59% 44.6% 37%
2000 19.7% 53.6% 42.9% 36.3%
1999 18.5% 47% 42.4% 39.2%
1998 17.8% 47.2% 43.9% 38.6%
1997 19.6% 52% 46% 42.6%
1996 19.1% 52.3% 50.6% 43%
1995 17.3% 52% 47.3% 48.6%
1994 15.9% 51.4% - 64.3%
1993 - - - 83.9%
1992 - - - 81.9%
1991 - - - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Barbados' government spending was $2.16B, accounting for 27% of its GDP, while Poland spent $517B, or 50% of GDP.

Debt-to-GDP ratio is 94.2% in Barbados and 58.8% in Poland, ranking 28/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Poland
1x
Year Deficit/surplus, % of GDP
Barbados Poland
2025 -0.31% -7.01%
2024 -0.84% -6.48%
2023 -1.57% -5.2%
2022 -1.74% -3.37%
2021 -3.88% -1.68%
2020 -4.19% -6.85%
2019 2.86% -0.73%
2018 -0.32% -0.24%
2017 -3.64% -1.49%
2016 -4.55% -2.38%
2015 -7.58% -2.59%
2014 -6.2% -3.66%
2013 -8.46% -4.25%
2012 -6.69% -3.8%
2011 -3.47% -4.97%
2010 -7.1% -7.43%
2009 -6.19% -7.24%
2008 -3.94% -3.6%
2007 -4.08% -1.88%
2006 -3.13% -3.53%
2005 -2.78% -3.93%
2004 -2.73% -5%
2003 -2.86% -6%
2002 -4.96% -4.79%
2001 3.83% -4.71%
2000 4.68% -3.98%
1999 5.06% -2.29%
1998 5.63% -4.24%
1997 5.15% -4.59%
1996 3.5% -4.82%
1995 5.79% -4.38%
1994 6.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/poland | 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 Poland's deficit of $72.6B, or 7.01% of GDP.

Over the past 31 years, Barbados recorded a fiscal deficit in 23 of those years, while Poland ran a deficit in 31 years. On average, Barbados posted an annual deficit equal to 1.76% of GDP, compared to deficit of 4.1% of GDP for Poland.

Inflation comparison by year

Inflation
Barbados

Poland
1x
Year Consumer prices inflation
Barbados Poland
2025 0.85% 3.81%
2024 1.45% 3.79%
2023 3.19% 11.5%
2022 - 14.4%
2021 - 5.06%
2020 - 3.37%
2019 1.68% 2.23%
2018 3.11% 1.81%
2017 4.66% 2.08%
2016 1.28% -0.66%
2015 -1.11% -0.87%
2014 1.77% 0.05%
2013 1.81% 0.99%
2012 4.53% 3.56%
2011 9.43% 4.24%
2010 5.82% 2.58%
2009 3.64% 3.8%
2008 8.11% 4.16%
2007 4.03% 2.46%
2006 7.31% 1.28%
2005 6.08% 2.18%
2004 1.39% 3.38%
2003 1.62% 0.68%
2002 0.13% 1.91%
2001 2.58% 5.41%
2000 2.44% 9.9%
1999 1.56% 7.15%
1998 -1.27% 11.6%
1997 7.71% 14.9%

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

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

Over the past 29 years, Barbados has recorded an average annual inflation rate of 3.22%, compared with 4.37% in Poland. In 2025, inflation was 0.85% in Barbados and 3.81% in Poland.

Top exports between countries

Barbados
Export category Export value
Miscellaneous $79K
Machinery & equipment $50K
Processed food, beverages & tobacco $40K
Metals $14K
Textiles & consumer goods $4K
Poland
Export category Export value
Machinery & equipment $52.7M
Processed food, beverages & tobacco $1.7M
Raw agricultural goods $390K
Raw materials & minerals $199K
Metals $111K
Textiles & consumer goods $108K
Chemicals & pharma $71K
Wood & paper products $56K
Miscellaneous $25K

Balance of trade

Barbados Poland
Current account balance
-$296M
2017
-$9.05B
2025
Current account balance ranking
96/190
2017
172/190
2025
Current account balance, % of GDP
-5.07%
2017
-0.87%
2025
Goods imports
$1.53B
2017
$406B
2025
Goods exports
$705M
2017
$390B
2025
Service imports
$687M
2017
$86.5B
2025
Service exports
$1.52B
2017
$131B
2025
Imports of goods and services, % of GDP n/a
47.1%
2025
Exports of goods and services, % of GDP
14.5%
2026
50%
2025

Economic freedom indices

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

Barbados Poland
Economic freedom 70.4 68.5
Economic freedom ranking 34/197 46/197
Property rights 76.4 71.8
Government integrity 71.3 60.7
Judicial effectiveness 87.3 62.5
Tax burden 83.2 72.7
Government spending 74.5 35.1
Fiscal health 76.5 74.8
Business freedom 72.3 77.5
Labor freedom 54.3 53.7
Monetary freedom 80.8 73.8
Trade freedom 48.2 79.4
Investment freedom 60 80
Financial freedom 60 80

Economic freedom comparison by year

Barbados
Poland
1x
Year Economic freedom index
Barbados Poland
2026 70.4 68.5
2025 68.9 67.1
2024 66.8 66
2023 69.8 67.7
2022 71.3 68.7
2021 65 69.7
2020 61.4 69.1
2019 64.7 67.8
2018 57 68.5
2017 54.5 68.3
2016 68.3 69.3
2015 67.9 68.6
2014 68.3 67
2013 69.3 66
2012 69 64.2
2011 68.5 64.1
2010 68.3 63.2
2009 71.5 60.3
2008 71.3 60.3
2007 70 58.1
2006 71.9 59.3
2005 70.1 59.6
2004 69.4 58.7
2003 71.3 61.8
2002 73.6 65
2001 71.5 61.8
2000 69.5 60
1999 66.7 59.6
1998 67.9 59.2
1997 64.5 56.8
1996 62.3 57.8
1995 - 50.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Poland
Services, % of GDP
75.8%
2024
59.7%
2025
Industry, % of GDP
12.2%
2024
25.8%
2025
Agriculture, forestry, and fishing, % of GDP
1.55%
2024
2.45%
2025
GNI, Atlas method
$7.65B
2025
$930B
2025
GNI per capita, PPP
$24,840
2025
$52,290
2025
Total reserves including gold
$1.65B
2024
$272B
2025
Total reserves ranking
131/177
2024
16/177
2025
Net foreign direct investment
-$208M
2017
-$11.7B
2025
Net inflows of foreign direct investment
$303M
2024
$20.6B
2024
Net outflows of foreign direct investment
$18.6M
2024
$10B
2024
Poverty at national poverty lines
25.7%
2016
13.3%
2024
Gross capital formation, % of GDP n/a
17.9%
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/poland | 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 (1994–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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 (1960–1994, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.

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.