Skip to content

Economy of Barbados vs Qatar compared: GDP & Debt

Updated on by Georank

Barbados has a GDP of $8.02B compared to $216B for Qatar, ranking 157/197 and 56/197 by economy size, respectively.

Barbados has $7.55B in government debt (94.2% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Barbados vs Qatar GDP by year

Barbados
Qatar
1x
Year GDP, current $
Barbados Qatar
2025 $8,016,550,000 $215,559,615,385
2024 $7,597,571,450 $216,294,505,495
2023 $7,223,248,150 $213,002,809,341
2022 $6,886,644,900 $235,709,325,714
2021 $5,948,900,600 $179,732,009,560
2020 $5,403,246,950 $144,411,363,352
2019 $6,166,710,800 $176,371,267,692
2018 $6,001,101,550 $183,334,953,819
2017 $5,847,381,600 $161,099,122,225
2016 $5,679,029,450 $151,732,181,868
2015 $5,699,619,150 $161,739,955,577
2014 $5,684,901,000 $206,224,598,571
2013 $5,660,059,700 $198,727,642,967
2012 $5,486,500,500 $186,833,502,363
2011 $5,563,162,050 $167,775,274,725
2010 $5,428,683,250 $125,122,252,747
2009 $4,466,809,600 $97,798,351,648
2008 $4,790,410,400 $115,269,780,220
2007 $4,675,767,950 $79,711,813,187
2006 $4,217,323,400 $60,882,142,857
2005 $3,819,500,000 $44,530,494,505
2004 $3,444,500,000 $31,734,065,934
2003 $3,209,500,000 $23,533,791,209
2002 $3,106,500,000 $19,363,736,264
2001 $3,054,500,000 $17,538,461,538
2000 $3,059,500,000 $17,759,890,110
1999 $2,951,822,205 $12,393,131,868
1998 $2,817,083,478 $10,255,494,505
1997 $2,498,384,130 $11,297,802,198
1996 $2,363,645,403 $9,059,340,659
1995 $2,216,974,096 $8,137,912,088
1994 $2,151,344,901 $7,374,450,549
1993 $2,063,342,117 $7,156,593,407
1992 $1,957,000,000 $7,646,153,846
1991 $2,020,583,702 $6,883,516,484
1990 $2,012,131,457 $7,360,439,560
1989 $2,006,165,167 $6,487,912,088
1988 $1,812,757,918 $6,038,186,813
1987 $1,704,370,308 $5,446,428,571
1986 $1,547,755,183 $5,053,021,978
1985 $1,409,536,121 $6,153,296,703
1984 $1,346,890,071 $6,870,329,670
1983 $1,236,016,507 $6,484,890,110
1982 $1,163,923,830 $7,611,263,736
1981 $1,114,204,743 $8,672,527,473
1980 $1,012,280,615 $7,837,915,956
1979 $670,362,452 $5,632,962,997
1978 $552,883,707 $4,052,000,413
1977 $495,097,668 $3,617,564,638
1976 $435,911,269 $3,284,273,987
1975 $402,178,605 $2,512,773,166
1974 $311,804,630 $2,401,403,227
1973 $260,767,828 $793,885,560
1972 $213,725,217 $510,262,500
1971 $186,826,503 $387,703,106
1970 $166,210,203 $301,791,302
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/qatar | CC BY

GDP per capita in Barbados vs Qatar by year

Barbados
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,365 - $72,525 -
2024 $26,897 $24,823 $75,685 $126,046
2023 $25,584 $23,660 $80,196 $129,368
2022 $24,393 $22,193 $88,701 $122,921
2021 $21,084 $17,683 $71,752 $116,833
2020 $19,181 $16,555 $51,684 $82,149
2019 $21,929 $19,971 $66,841 $107,503
2018 $21,378 $19,777 $71,040 $110,033
2017 $20,871 $18,437 $63,280 $99,358
2016 $20,311 $19,176 $61,254 $89,935
2015 $20,429 $19,186 $68,985 $102,546
2014 $20,424 $18,595 $95,841 $148,389
2013 $20,384 $19,032 $103,697 $169,203
2012 $19,811 $19,605 $108,470 $180,939
2011 $20,146 $20,316 $103,262 $174,620
2010 $19,723 $20,033 $77,387 $151,646
2009 $16,295 $20,324 $60,786 $125,898
2008 $17,566 $21,376 $80,781 $126,015
2007 $17,235 $20,949 $65,954 $124,056
2006 $15,620 $20,076 $62,582 $127,181
2005 $14,214 $18,450 $53,950 $115,250
2004 $12,886 $17,299 $41,036 $110,958
2003 $12,076 $16,707 $31,602 $94,120
2002 $11,760 $16,133 $27,227 $93,177
2001 $11,640 $15,866 $25,871 $89,805
2000 $11,675 $15,914 $27,535 $88,849
1999 $11,244 $14,873 $20,234 $84,690
1998 $10,734 $14,621 $17,665 $84,486
1997 $9,522 $13,941 $20,523 $79,219
1996 $9,012 $13,090 $17,125 $62,331
1995 $8,460 $12,375 $15,823 $60,321
1994 $8,223 $11,900 $14,765 $59,415
1993 $7,905 $11,448 $14,770 $59,125
1992 $7,519 $11,127 $16,280 $60,387
1991 $7,790 $11,576 $15,133 $54,759
1990 $7,781 $11,687 $16,722 $55,659
1989 $7,773 - $15,243 -
1988 $7,033 - $14,682 -
1987 $6,625 - $13,719 -
1986 $6,031 - $13,213 -
1985 $5,510 - $16,815 -
1984 $5,284 - $19,749 -
1983 $4,866 - $19,669 -
1982 $4,599 - $24,431 -
1981 $4,417 - $29,543 -
1980 $4,025 - $28,407 -
1979 $2,668 - $21,777 -
1978 $2,198 - $16,757 -
1977 $1,968 - $16,058 -
1976 $1,734 - $15,710 -
1975 $1,601 - $13,014 -
1974 $1,243 - $13,540 -
1973 $1,042 - $4,905 -
1972 $856 - $3,483 -
1971 $750 - $2,952 -
1970 $666 - $2,594 -
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/qatar | CC BY

Barbados' GDP per capita is $28,365, ranking 48/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Qatar ranks 5th at $126,046.

Economic indicators

Barbados Qatar
Gross domestic product
$8.02B
2025
$216B
2025
GDP rank
157/197
2025
56/197
2025
GDP growth
2.7%
2024-2025
2.9%
2024-2025
GDP per capita
$28,365
2025
$72,525
2025
GDP per capita rank
48/197
2025
13/197
2025
GDP per capita, PPP
$24,823
2024
$126,046
2024
GDP per capita PPP rank
84/197
2024
5/197
2024
Government debt
$7.55B
2025
$89.2B
2025
Debt-to-GDP ratio
94.2%
2025
41.4%
2025
Government debt per person
$26,731
2025
$30,009
2025
Government debt per person rank
28/185
2025
24/185
2025
Average annual personal income after taxes
$19,127
2026
$37,042
2026
Market capitalization of domestic companies
$2.78B
2020
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires
1
2026
2
2026
Income share by richest 10%
25.8%
2016
25.8%
2017
Income share by poorest 10%
2.5%
2016
2.6%
2017
Government expenditure, % of GDP
27%
2025
27.1%
2025
Consumer prices inflation
0.85%
2024-2025
0.6%
2024-2025
Central bank interest rate
2%
2020
4.1%
2025
Unemployment rate
6.03%
2024
0.1%
2024
Population
282789
3058826

Spending and national debt comparison by year

Barbados
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Barbados Qatar
Government spending Government debt Government spending Government debt
2025 27% 94.2% 27.1% 41.4%
2024 28.1% 98.9% 26% 41.3%
2023 26.5% 104.1% 26.7% 42.8%
2022 26.9% 104% 24.3% 42.6%
2021 27.1% 108.6% 29.4% 58.4%
2020 30.6% 129.6% 34.7% 72.6%
2019 22.2% 101.6% 32.5% 62.1%
2018 25% 107.2% 28.9% 52.2%
2017 28% 134.6% 34.7% 51.6%
2016 28.6% 127.1% 40.1% 46.7%
2015 29.2% 122.5% 38.6% 35.5%
2014 27.4% 115.1% 32.3% 24.9%
2013 29.1% 111.7% 28.3% 30.9%
2012 28.9% 103.5% 31% 32.1%
2011 26.5% 94.4% 28.5% 33.5%
2010 28% 90.3% 32% 30.4%
2009 27.8% 83.5% 36.4% 36%
2008 27.1% 69.8% 23.5% 11.4%
2007 26.1% 64.9% 29.5% 9.37%
2006 25% 64.1% 29.5% 13.9%
2005 26.4% 62.7% 29% 19.1%
2004 26.2% 61% 29.9% 30.1%
2003 27.7% 61.8% 28.5% 38.8%
2002 29.1% 62% 31.6% 47.7%
2001 20.7% 59% 32.1% 59.2%
2000 19.7% 53.6% 29.8% 51.6%
1999 18.5% 47% 42.4% 81.8%
1998 17.8% 47.2% 55.1% 76.6%
1997 19.6% 52% 47.6% 54.4%
1996 19.1% 52.3% 55.2% 57.8%
1995 17.3% 52% 52.2% 50.2%
1994 15.9% 51.4% 59.8% 54.8%
1993 - - 62.8% 46.3%
1992 - - 54.2% 19.9%
1991 - - 57.5% 21.8%
1990 - - 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Barbados' government spending was $2.16B, accounting for 27% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 94.2% in Barbados and 41.4% in Qatar, ranking 28/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Qatar
1x
Year Deficit/surplus, % of GDP
Barbados Qatar
2025 -0.31% -1%
2024 -0.84% 0.71%
2023 -1.57% 5.51%
2022 -1.74% 10.4%
2021 -3.88% 0.24%
2020 -4.19% -2.13%
2019 2.86% 1%
2018 -0.32% 2.26%
2017 -3.64% -6.82%
2016 -4.55% -9.2%
2015 -7.58% 18.4%
2014 -6.2% 13.4%
2013 -8.46% 19.3%
2012 -6.69% 8.55%
2011 -3.47% 5.24%
2010 -7.1% 4.6%
2009 -6.19% 14.1%
2008 -3.94% 9.49%
2007 -4.08% 10.3%
2006 -3.13% 8.39%
2005 -2.78% 9.8%
2004 -2.73% 17.7%
2003 -2.86% 6.71%
2002 -4.96% 7.89%
2001 3.83% 4.48%
2000 4.68% 4.62%
1999 5.06% -4.35%
1998 5.63% -7%
1997 5.15% -9.4%
1996 3.5% -8.73%
1995 5.79% -5.78%
1994 6.28% -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/barbados/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 32 years, Barbados recorded a fiscal deficit in 23 of those years, while Qatar ran a deficit in 10 years. On average, Barbados posted an annual deficit equal to 1.51% of GDP, compared to surplus of 3.65% of GDP for Qatar.

Inflation comparison by year

Inflation
Barbados

Qatar
1x
Year Consumer prices inflation
Barbados Qatar
2025 0.85% 0.6%
2024 1.45% 1.2%
2023 3.19% 3.1%
2022 - 5%
2021 - 2.3%
2020 - -2.5%
2019 1.68% -0.9%
2018 3.11% 0.1%
2017 4.66% 0.6%
2016 1.28% 2.7%
2015 -1.11% 0.9%
2014 1.77% 4.2%
2013 1.81% 3.1%
2012 4.53% 1.8%
2011 9.43% 2%
2010 5.82% -2.4%
2009 3.64% -4.9%
2008 8.11% 15.1%
2007 4.03% 13.7%
2006 7.31% 11.7%
2005 6.08% 9%
2004 1.39% 6.8%
2003 1.62% 2.3%
2002 0.13% 0.2%
2001 2.58% 1.7%
2000 2.44% 1.6%
1999 1.56% 2.2%
1998 -1.27% 2.9%
1997 7.71% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Barbados has recorded an average annual inflation rate of 3.22%, compared with 2.99% in Qatar. In 2025, inflation was 0.85% in Barbados and 0.6% in Qatar.

Top exports between countries

Barbados
Export category Export value
Qatar
Export category Export value
Machinery & equipment $858K
Metals $458K
Raw materials & minerals $19K

Balance of trade

Barbados Qatar
Current account balance
-$296M
2017
$31.9B
2025
Current account balance ranking
96/190
2017
17/190
2025
Current account balance, % of GDP
-5.07%
2017
+14.8%
2025
Goods imports
$1.53B
2017
$34.3B
2025
Goods exports
$705M
2017
$90B
2025
Service imports
$687M
2017
$31.3B
2025
Service exports
$1.52B
2017
$24.4B
2025
Imports of goods and services, % of GDP n/a
31.6%
2022
Exports of goods and services, % of GDP
14.5%
2026
68.6%
2022

Economic freedom indices

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

Barbados Qatar
Economic freedom 70.4 70.2
Economic freedom ranking 34/197 37/197
Property rights 76.4 66.2
Government integrity 71.3 53.5
Judicial effectiveness 87.3 41.5
Tax burden 83.2 99.9
Government spending 74.5 79.9
Fiscal health 76.5 96.6
Business freedom 72.3 68
Labor freedom 54.3 58.5
Monetary freedom 80.8 76
Trade freedom 48.2 81.8
Investment freedom 60 60
Financial freedom 60 60

Economic freedom comparison by year

Barbados
Qatar
1x
Year Economic freedom index
Barbados Qatar
2026 70.4 70.2
2025 68.9 70.2
2024 66.8 68.8
2023 69.8 68.6
2022 71.3 67.7
2021 65 72
2020 61.4 72.3
2019 64.7 72.6
2018 57 72.6
2017 54.5 73.1
2016 68.3 70.7
2015 67.9 70.8
2014 68.3 71.2
2013 69.3 71.3
2012 69 71.3
2011 68.5 70.5
2010 68.3 69
2009 71.5 65.8
2008 71.3 62.2
2007 70 62.9
2006 71.9 62.4
2005 70.1 63.5
2004 69.4 66.5
2003 71.3 65.9
2002 73.6 61.9
2001 71.5 60
2000 69.5 62
1999 66.7 62
1998 67.9 -
1997 64.5 -
1996 62.3 -

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

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Qatar
Services, % of GDP
75.8%
2024
47%
2025
Industry, % of GDP
12.2%
2024
57%
2025
Agriculture, forestry, and fishing, % of GDP
1.55%
2024
0.31%
2025
GNI, Atlas method
$7.65B
2025
$221B
2025
GNI per capita, PPP
$24,840
2025
$126,290
2025
Total reserves including gold
$1.65B
2024
$55.8B
2025
Total reserves ranking
131/177
2024
45/177
2025
Net foreign direct investment
-$208M
2017
$311M
2025
Net inflows of foreign direct investment
$303M
2024
$460M
2024
Net outflows of foreign direct investment
$18.6M
2024
$1.56B
2024
Poverty at national poverty lines
25.7%
2016
n/a
Gross capital formation, % of GDP n/a
30.6%
2022

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/qatar | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. TradeMap (2021, 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.

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.