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Economy of Barbados vs Sudan compared: GDP & Debt

Updated on by Georank team

Barbados has a GDP of $7.5B compared to $49.7B for Sudan, ranking 157/197 and 94/197 by economy size, respectively.

Barbados has $7.97B in government debt (106.3% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Barbados vs Sudan GDP by year

Barbados
Sudan
1x
Year GDP, current $
Barbados Sudan
2024 $7,498,050,000 $49,672,435,513
2023 $7,223,250,000 $39,898,289,821
2022 $6,884,900,000 $51,666,875,363
2021 $5,947,550,000 $34,229,513,775
2020 $5,407,050,000 $27,034,593,750
2019 $6,161,850,000 $32,338,079,165
2018 $6,001,950,000 $32,333,780,383
2017 $5,683,150,000 $41,283,617,976
2016 $5,674,600,000 $42,630,376,000
2015 $5,698,150,000 $51,726,758,677
2014 $5,620,600,000 $49,516,748,618
2013 $5,667,200,000 $43,024,018,082
2012 $5,761,450,000 $37,632,919,967
2011 $5,663,100,000 $55,018,567,211
2010 $5,672,900,000 $58,962,978,034
2009 $4,466,809,600 $51,621,044,077
2008 $4,790,410,400 $64,833,083,257
2007 $4,675,767,950 $59,440,139,775
2006 $4,217,323,400 $45,263,831,634
2005 $3,819,500,000 $35,182,711,988
2004 $3,444,500,000 $26,646,007,251
2003 $3,209,500,000 $21,355,298,460
2002 $3,106,500,000 $18,137,128,388
2001 $3,054,500,000 $15,716,361,792
2000 $3,059,500,000 $12,257,299,147
1999 $2,951,822,205 $10,682,028,340
1998 $2,817,083,478 $11,250,221,537
1997 $2,498,384,130 $11,681,175,864
1996 $2,363,645,403 $9,018,300,725
1995 $2,216,974,096 $13,830,363,900
1994 $2,151,344,901 $12,793,794,737
1993 $2,063,342,117 $8,881,005,436
1992 $1,957,000,000 $7,031,933,492
1991 $2,020,583,702 $44,171,194,366
1990 $2,012,131,457 $33,641,222,222
1989 $2,006,165,167 $21,408,111,111
1988 $1,812,757,918 $14,372,555,556
1987 $1,704,370,308 $12,093,333,333
1986 $1,547,755,183 $10,092,200,000
1985 $1,409,536,121 $8,075,259,600
1984 $1,346,890,071 $10,447,615,385
1983 $1,236,016,507 $8,230,153,846
1982 $1,163,923,830 $8,732,542,274
1981 $1,114,204,743 $10,753,888,154
1980 $1,012,280,615 $8,951,800,000
1979 $670,362,452 $8,418,407,787
1978 $552,883,707 $8,128,719,315
1977 $495,097,668 $7,499,005,639
1976 $435,911,269 $6,013,210,816
1975 $402,178,605 $4,823,090,192
1974 $311,804,630 $3,958,931,660
1973 $260,767,828 $3,077,254,460
1972 $213,725,217 $2,483,055,722
1971 $186,826,503 $2,288,340,041
1970 $166,210,203 $2,100,229,759
1969 $141,393,142 $1,847,501,441
1968 $125,733,669 $1,677,771,401
1967 $125,554,009 $1,607,409,539
1966 $113,195,123 $1,484,491,676
1965 $105,021,997 $1,446,869,619
1964 $99,252,731 $1,388,282,600
1963 $99,893,761 $1,351,234,926
1962 $88,782,583 $1,328,259,625
1961 $85,363,759 $1,222,860,429
1960 $80,021,847 $1,126,364,162

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Barbados vs Sudan by year

Barbados
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $26,545 $24,823 $985 $2,116
2023 $25,584 $23,660 $797 $2,421
2022 $24,387 $22,193 $1,046 $3,355
2021 $21,080 $17,683 $712 $3,249
2020 $19,194 $16,555 $578 $3,349
2019 $21,912 $19,971 $710 $3,914
2018 $21,381 $19,777 $731 $4,199
2017 $20,285 $18,437 $967 $4,252
2016 $20,296 $19,176 $1,033 $4,470
2015 $20,424 $19,186 $1,292 $4,217
2014 $20,193 $18,595 $1,275 $4,261
2013 $20,410 $19,032 $1,139 $3,725
2012 $20,804 $19,605 $1,019 $3,710
2011 $20,508 $20,316 $1,522 $4,112
2010 $20,611 $20,033 $1,665 $3,806
2009 $16,295 $20,324 $1,493 $3,732
2008 $17,566 $21,376 $1,928 $3,938
2007 $17,235 $20,949 $1,814 $3,836
2006 $15,620 $20,076 $1,415 $3,637
2005 $14,214 $18,450 $1,125 $3,407
2004 $12,886 $17,299 $872 $3,215
2003 $12,076 $16,707 $714 $3,058
2002 $11,760 $16,133 $621 $2,898
2001 $11,640 $15,866 $551 $2,769
2000 $11,675 $15,914 $441 $2,616
1999 $11,244 $14,873 $394 $2,475
1998 $10,734 $14,621 $425 $2,428
1997 $9,522 $13,941 $453 $2,358
1996 $9,012 $13,090 $357 $2,006
1995 $8,460 $12,375 $561 $1,902
1994 $8,223 $11,900 $532 $1,805
1993 $7,905 $11,448 $379 $1,794
1992 $7,519 $11,127 $307 $1,710
1991 $7,790 $11,576 $1,966 $1,599
1990 $7,781 $11,687 $1,528 $1,468
1989 $7,773 - $992 -
1988 $7,033 - $680 -
1987 $6,625 - $584 -
1986 $6,031 - $497 -
1985 $5,510 - $406 -
1984 $5,284 - $534 -
1983 $4,866 - $431 -
1982 $4,599 - $472 -
1981 $4,417 - $605 -
1980 $4,025 - $525 -
1979 $2,668 - $515 -
1978 $2,198 - $518 -
1977 $1,968 - $497 -
1976 $1,734 - $413 -
1975 $1,601 - $343 -
1974 $1,243 - $291.5 -
1973 $1,042 - $235.8 -
1972 $856 - $198.2 -
1971 $750 - $189 -
1970 $666 - $179.6 -
1969 $567 - $163.5 -
1968 $506 - $153.7 -
1967 $508 - $152.4 -
1966 $462 - $145.6 -
1965 $433 - $146.8 -
1964 $414 - $145.7 -
1963 $421 - $146.6 -
1962 $377 - $148.9 -
1961 $366 - $141.6 -
1960 $347 - $134.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Barbados' GDP per capita is $26,545, ranking 46/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Sudan ranks 185th at $2,116.

Economic indicators

Barbados Sudan
Gross domestic product
$7.5B
2024
$49.7B
2024
GDP rank
157/197
2024
94/197
2024
GDP growth
2.48%
2023-2024
-14%
2023-2024
GDP per capita
$26,545
2024
$985
2024
GDP per capita rank
46/197
2024
179/197
2024
GDP per capita, PPP
$24,823
2024
$2,116
2024
GDP per capita PPP rank
84/197
2024
185/197
2024
Government debt
$7.97B
2024
$130B
2024
Debt-to-GDP ratio
106.3%
2024
261.4%
2024
Government debt per person
$28,218
2024
$2,574
2024
Government debt per person rank
26/185
2024
109/185
2024
Average annual personal income after taxes
$18,869
2026
$1,704
2026
Market capitalization of domestic companies
$2.78B
2020
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
25.8%
2016
27.8%
2014
Income share by poorest 10%
2.5%
2016
3.2%
2014
Government expenditure, % of GDP
30.2%
2024
6.39%
2024
Consumer prices inflation
-0.44%
2023-2024
138.8%
2021-2022
Central bank interest rate
2%
2020
n/a
Unemployment rate
6.54%
2023
7.53%
2022
Population
282798
53335233

Spending and national debt comparison by year

Barbados
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Barbados Sudan
Government spending Government debt Government spending Government debt
2024 30.2% 106.3% 6.39% 261.4%
2023 28.8% 113.4% 8.23% 259.9%
2022 30.3% 116.9% 17.9% 186.9%
2021 32.5% 130.2% 9.84% 189.6%
2020 30.3% 128.4% 10.9% 278.3%
2019 23.9% 109.5% 18.7% 216.5%
2018 26.9% 115% 16.8% 209.8%
2017 29.8% 143.6% 12.8% 149.5%
2016 30.7% 136.5% 9.98% 109.9%
2015 31.4% 131.9% 12.4% 93.2%
2014 29% 122% 13.5% 84.4%
2013 30.8% 118.6% 15.3% 105.8%
2012 30.6% 109.4% 16.5% 117.7%
2011 27.7% 98.7% 18.2% 78.1%
2010 29.7% 96% 17.4% 74.6%
2009 29.5% 88.5% 18.8% 71%
2008 28.1% 72.6% 19.7% 55.8%
2007 27.8% 69% 19.6% 53.7%
2006 27.2% 69.8% 18.8% 63.7%
2005 28.7% 68.2% 19.7% 75.5%
2004 28.5% 66.5% 16.5% 97.8%
2003 29.8% 66.6% 12.5% 117.4%
2002 31% 66.1% 10.5% 121.7%
2001 22% 62.6% 9.87% 125.6%
2000 20.8% 56.6% 10.4% 143.2%
1999 19.7% 50.1% 8.4% 160.5%
1998 19% 50.5% 7.79% 179.7%
1997 21.5% 56.9% 7.38% 167.7%
1996 20.5% 56.1% 9.31% 220.9%
1995 18.6% 55.9% 12.9% 239%
1994 17% 55% 19.6% 386%
1993 - - 23.7% 285.9%
1992 - - 50.4% 495%
1991 - - 45.7% -
1990 - - 31% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government spending was $2.26B, accounting for 30.2% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 106.3% in Barbados and 261.4% in Sudan, ranking 18/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Sudan
1x
Year Deficit/surplus, % of GDP
Barbados Sudan
2024 -0.89% -3.46%
2023 -1.71% -3.7%
2022 -1.96% -2.15%
2021 -4.65% -0.29%
2020 -4.16% -6.03%
2019 3.08% -10.8%
2018 -0.34% -7.92%
2017 -3.89% -6.07%
2016 -4.88% -3.92%
2015 -8.16% -3.87%
2014 -6.57% -4.72%
2013 -8.98% -5.76%
2012 -7.07% -7.37%
2011 -3.63% -2.33%
2010 -7.55% 0.11%
2009 -6.56% -3.8%
2008 -4.1% 0.49%
2007 -4.34% -2.84%
2006 -3.41% -1.32%
2005 -3.03% -1.88%
2004 -2.97% 0.16%
2003 -3.08% 0.77%
2002 -5.28% -0.69%
2001 4.07% -0.77%
2000 4.94% -0.7%
1999 5.39% -0.8%
1998 6.03% -0.56%
1997 5.64% -0.59%
1996 3.76% -2.61%
1995 6.22% -3.48%
1994 6.72% -3.03%
1993 - -8.04%
1992 - -24.5%
1991 - -26.5%
1990 - -16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government deficit, the difference between spending and revenue, was $66.8M, equivalent to 0.89% of GDP. This compares to Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 31 years, Barbados recorded a fiscal deficit in 22 of those years, while Sudan ran a deficit in 27 years. On average, Barbados posted an annual deficit equal to 1.66% of GDP, compared to deficit of 2.9% of GDP for Sudan.

Inflation comparison by year

Inflation
Barbados

Sudan
1x
Year Consumer prices inflation
Barbados Sudan
2024 -0.44% -
2023 9.79% -
2022 - 138.8%
2021 - 359%
2020 - 163.3%
2019 4.1% 51%
2018 3.67% 63.3%
2017 4.66% 32.4%
2016 1.28% 17.8%
2015 -1.11% 16.9%
2014 1.77% 36.9%
2013 1.81% 36.5%
2012 4.53% 35.6%
2011 9.43% 18.1%
2010 5.82% 13%
2009 3.64% 11.3%
2008 8.11% 14.3%
2007 4.03% 14.8%
2006 7.31% 7.2%
2005 6.08% 8.51%
2004 1.39% 9.66%
2003 1.62% 6.49%
2002 0.13% 22.2%
2001 2.58% 1.94%
2000 2.44% 7.12%
1999 1.56% 17.2%
1998 -1.27% 24.6%
1997 7.71% 47.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 26 years, Barbados has recorded an average annual inflation rate of 3.54%, compared with 45.2% in Sudan. In 2022, inflation was -0.44% in Barbados and 138.8% in Sudan.

Balance of trade

Barbados Sudan
Current account balance
-$296M
2017
-$4.44B
2022
Current account balance ranking
100/190
2017
165/190
2022
Current account balance, % of GDP
-5.22%
2017
-8.6%
2022
Goods imports
$1.53B
2017
$9.99B
2022
Goods exports
$705M
2017
$4.36B
2022
Service imports
$687M
2017
$1.59B
2022
Service exports
$1.52B
2017
$1.55B
2022
Imports of goods and services, % of GDP n/a
1.27%
2024
Exports of goods and services, % of GDP
14.5%
2025
0.72%
2024

Economic freedom indices

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

Barbados Sudan
Economic freedom 70.4 32.5
Economic freedom ranking 34/197 191/197
Property rights 76.4 6.5
Government integrity 71.3 13.8
Judicial effectiveness 87.3 2.4
Tax burden 83.2 84.7
Government spending 74.5 96.5
Fiscal health 76.5 64.6
Business freedom 72.3 27.3
Labor freedom 54.3 33.6
Monetary freedom 80.8 6.2
Trade freedom 48.2 29.6
Investment freedom 60 5
Financial freedom 60 20

Economic freedom comparison by year

Barbados
Sudan
1x
Year Economic freedom index
Barbados Sudan
2026 70.4 32.5
2025 68.9 35.3
2024 66.8 33.9
2023 69.8 32.8
2022 71.3 32
2021 65 39.1
2020 61.4 45
2019 64.7 47.7
2018 57 49.4
2017 54.5 48.8
2016 68.3 -
2015 67.9 -
2014 68.3 -
2013 69.3 -
2012 69 -
2011 68.5 -
2010 68.3 -
2009 71.5 -
2008 71.3 -
2007 70 -
2006 71.9 -
2005 70.1 -
2004 69.4 -
2003 71.3 -
2002 73.6 -
2001 71.5 -
2000 69.5 47.2
1999 66.7 39.6
1998 67.9 38.3
1997 64.5 39.9
1996 62.3 39.2
1995 - 39.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Sudan
Services, % of GDP
75.5%
2024
54.7%
2024
Industry, % of GDP
12.4%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.58%
2024
22.2%
2024
GNI, Atlas method
$7.1B
2024
$35.8B
2024
GNI per capita, PPP
$23,850
2024
$2,050
2024
Total reserves including gold
$1.65B
2024
$178M
2017
Total reserves ranking
131/177
2024
171/177
2017
Net foreign direct investment
-$208M
2017
-$574M
2022
Net inflows of foreign direct investment
$303M
2024
$548M
2023
Net outflows of foreign direct investment
$18.6M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.42%
2024
Poverty at national poverty lines
25.7%
2016
46.5%
2020
Gross capital formation, % of GDP n/a
2.89%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.