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Economy of Barbados vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Barbados has a GDP of $7.5B compared to $14.2B for Tajikistan, ranking 157/197 and 145/197 by economy size, respectively.

Barbados has $7.97B in government debt (106.3% of GDP), compared to $3.54B (24.9% of GDP) in Tajikistan.

Barbados vs Tajikistan GDP by year

Barbados
Tajikistan
1x
Year GDP, current $
Barbados Tajikistan
2024 $7,498,050,000 $14,204,575,549
2023 $7,223,250,000 $12,244,169,293
2022 $6,884,900,000 $10,713,525,200
2021 $5,947,550,000 $8,937,805,347
2020 $5,407,050,000 $8,133,963,551
2019 $6,161,850,000 $8,300,813,599
2018 $6,001,950,000 $7,764,999,999
2017 $5,683,150,000 $7,536,402,853
2016 $5,674,600,000 $6,992,416,097
2015 $5,698,150,000 $8,271,431,485
2014 $5,620,600,000 $9,112,605,459
2013 $5,667,200,000 $8,448,411,318
2012 $5,761,450,000 $7,633,036,903
2011 $5,663,100,000 $6,522,756,255
2010 $5,672,900,000 $5,642,221,099
2009 $4,466,809,600 $4,979,472,364
2008 $4,790,410,400 $5,161,299,725
2007 $4,675,767,950 $3,719,524,541
2006 $4,217,323,400 $2,830,213,849
2005 $3,819,500,000 $2,312,352,021
2004 $3,444,500,000 $2,076,176,869
2003 $3,209,500,000 $1,555,318,261
2002 $3,106,500,000 $1,221,106,220
2001 $3,054,500,000 $1,080,772,551
2000 $3,059,500,000 $860,541,842
1999 $2,951,822,205 $1,086,612,290
1998 $2,817,083,478 $1,320,199,582
1997 $2,498,384,130 $921,518,033
1996 $2,363,645,403 $1,043,654,822
1995 $2,216,974,096 $1,231,561,860
1994 $2,151,344,901 $1,522,001,206
1993 $2,063,342,117 $1,646,623,195
1992 $1,957,000,000 $1,908,554,572
1991 $2,020,583,702 $2,536,585,366
1990 $2,012,131,457 $2,629,395,066
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Barbados vs Tajikistan by year

Barbados
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $26,545 $24,823 $1,341 $5,406
2023 $25,584 $23,660 $1,178 $4,964
2022 $24,387 $22,193 $1,052 $4,514
2021 $21,080 $17,683 $897 $3,986
2020 $19,194 $16,555 $834 $3,654
2019 $21,912 $19,971 $871 $3,460
2018 $21,381 $19,777 $834 $3,069
2017 $20,285 $18,437 $829 $3,017
2016 $20,296 $19,176 $789 $2,914
2015 $20,424 $19,186 $957 $2,975
2014 $20,193 $18,595 $1,082 $3,152
2013 $20,410 $19,032 $1,028 $2,919
2012 $20,804 $19,605 $952 $2,679
2011 $20,508 $20,316 $834 $2,456
2010 $20,611 $20,033 $737 $2,291
2009 $16,295 $20,324 $665 $2,171
2008 $17,566 $21,376 $703 $2,120
2007 $17,235 $20,949 $517 $1,966
2006 $15,620 $20,076 $401 $1,810
2005 $14,214 $18,450 $334 $1,673
2004 $12,886 $17,299 $306 $1,550
2003 $12,076 $16,707 $233.6 $1,396
2002 $11,760 $16,133 $187 $1,257
2001 $11,640 $15,866 $168.7 $1,139
2000 $11,675 $15,914 $136.9 $1,036
1999 $11,244 $14,873 $175 $947
1998 $10,734 $14,621 $213.7 $905
1997 $9,522 $13,941 $150.1 $855
1996 $9,012 $13,090 $172 $836
1995 $8,460 $12,375 $207 $1,006
1994 $8,223 $11,900 $261.3 $1,148
1993 $7,905 $11,448 $287.6 $1,454
1992 $7,519 $11,127 $338 $1,721
1991 $7,790 $11,576 $458 $2,417
1990 $7,781 $11,687 $487 $2,583
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 (1960–2024, retrieved 2026-04-06).

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

Barbados' GDP per capita is $26,545, ranking 46/197, compared to $1,341 in Tajikistan, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Tajikistan ranks 157th at $5,406.

Economic indicators

Barbados Tajikistan
Gross domestic product
$7.5B
2024
$14.2B
2024
GDP rank
157/197
2024
145/197
2024
GDP growth
2.48%
2023-2024
8.4%
2023-2024
GDP per capita
$26,545
2024
$1,341
2024
GDP per capita rank
46/197
2024
166/197
2024
GDP per capita, PPP
$24,823
2024
$5,406
2024
GDP per capita PPP rank
84/197
2024
157/197
2024
Government debt
$7.97B
2024
$3.54B
2024
Debt-to-GDP ratio
106.3%
2024
24.9%
2024
Government debt per person
$28,218
2024
$335
2024
Government debt per person rank
26/185
2024
175/185
2024
Average annual personal income after taxes
$18,869
2026
$2,591
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
28.2%
2024
Income share by poorest 10%
2.5%
2016
2.9%
2024
Government expenditure, % of GDP
30.2%
2024
27.7%
2024
Consumer prices inflation
-0.44%
2023-2024
3.5%
2023-2024
Central bank interest rate
2%
2020
7.75%
2025
Unemployment rate
6.54%
2023
0.08%
2016
Population
282798
11038274

Spending and national debt comparison by year

Barbados
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Barbados Tajikistan
Government spending Government debt Government spending Government debt
2024 30.2% 106.3% 27.7% 24.9%
2023 28.8% 113.4% 28% 29.9%
2022 30.3% 116.9% 27.4% 31.8%
2021 32.5% 130.2% 27.6% 42%
2020 30.3% 128.4% 29.2% 50.9%
2019 23.9% 109.5% 28.8% 43.2%
2018 26.9% 115% 30.9% 46.3%
2017 29.8% 143.6% 33.8% 46.3%
2016 30.7% 136.5% 32.7% 42.2%
2015 31.4% 131.9% 31.9% 35%
2014 29% 122% 27.5% 27.9%
2013 30.8% 118.6% 27.7% 29.3%
2012 30.6% 109.4% 24.7% 32.5%
2011 27.7% 98.7% 24.3% 35.5%
2010 29.7% 96% 25.9% 36.8%
2009 29.5% 88.5% 23.6% 36.9%
2008 28.1% 72.6% 20.2% 30.2%
2007 27.8% 69% 20.3% 34.3%
2006 27.2% 69.8% 21.6% 36.8%
2005 28.7% 68.2% 22.9% 45.8%
2004 28.5% 66.5% 20.2% 49.4%
2003 29.8% 66.6% 19.1% 69.8%
2002 31% 66.1% 19.1% 98.3%
2001 22% 62.6% 17.3% 99.4%
2000 20.8% 56.6% 18.1% 111.4%
1999 19.7% 50.1% 17.5% 107.8%
1998 19% 50.5% 17.1% 96.6%
1997 21.5% 56.9% - -
1996 20.5% 56.1% - -
1995 18.6% 55.9% - -
1994 17% 55% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government spending was $2.26B, accounting for 30.2% of its GDP, while Tajikistan spent $3.93B, or 27.7% of GDP.

Debt-to-GDP ratio is 106.3% in Barbados and 24.9% in Tajikistan, ranking 18/185 and 166/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Tajikistan
1x
Year Deficit/surplus, % of GDP
Barbados Tajikistan
2024 -0.89% 0.28%
2023 -1.71% -0.93%
2022 -1.96% -0.23%
2021 -4.65% -0.64%
2020 -4.16% -4.34%
2019 3.08% -2.04%
2018 -0.34% -2.69%
2017 -3.89% -5.65%
2016 -4.88% -2.91%
2015 -8.16% -1.96%
2014 -6.57% 0.92%
2013 -8.98% -0.73%
2012 -7.07% 0.41%
2011 -3.63% 0.6%
2010 -7.55% -2.71%
2009 -6.56% -0.2%
2008 -4.1% 1.94%
2007 -4.34% 2.13%
2006 -3.41% 2%
2005 -3.03% -2.83%
2004 -2.97% -2.32%
2003 -3.08% -1.74%
2002 -5.28% -2.4%
2001 4.07% -2.11%
2000 4.94% -4.51%
1999 5.39% -4.03%
1998 6.03% -5.09%
1997 5.64% -
1996 3.76% -
1995 6.22% -
1994 6.72% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/barbados/tajikistan | 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 Tajikistan's surplus of $39.2M, or 0.28% of GDP.

Over the past 27 years, Barbados recorded a fiscal deficit in 22 of those years, while Tajikistan ran a deficit in 20 years. On average, Barbados posted an annual deficit equal to 2.73% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Barbados

Tajikistan
1x
Year Consumer prices inflation
Barbados Tajikistan
2024 -0.44% 3.5%
2023 9.79% 3.7%
2022 - 6.6%
2021 - 9%
2020 - 8.6%
2019 4.1% 7.8%
2018 3.67% 3.8%
2017 4.66% 7.3%
2016 1.28% 5.9%
2015 -1.11% 5.8%
2014 1.77% 6.1%
2013 1.81% 5%
2012 4.53% 5.8%
2011 9.43% 12.4%
2010 5.82% 6.5%
2009 3.64% 6.4%
2008 8.11% 20.4%
2007 4.03% 13.2%
2006 7.31% 10%
2005 6.08% 7.3%
2004 1.39% 7.2%
2003 1.62% 16.4%
2002 0.13% 12.2%
2001 2.58% 38.6%
2000 2.44% 32.9%
1999 1.56% 27.5%
1998 -1.27% 43.2%
1997 7.71% 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Barbados has recorded an average annual inflation rate of 3.63%, compared with 15% in Tajikistan. In 2024, inflation was -0.44% in Barbados and 3.5% in Tajikistan.

Balance of trade

Barbados Tajikistan
Current account balance
-$296M
2017
$887M
2024
Current account balance ranking
100/190
2017
54/190
2024
Current account balance, % of GDP
-5.22%
2017
+6.24%
2024
Goods imports
$1.53B
2017
$5.94B
2024
Goods exports
$705M
2017
$1.42B
2024
Service imports
$687M
2017
$971M
2024
Service exports
$1.52B
2017
$195M
2024
Imports of goods and services, % of GDP n/a
48.4%
2023
Exports of goods and services, % of GDP
14.5%
2025
17.2%
2023

Economic freedom indices

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

Barbados Tajikistan
Economic freedom 70.4 52.5
Economic freedom ranking 34/197 147/197
Property rights 76.4 28.4
Government integrity 71.3 18.5
Judicial effectiveness 87.3 10.1
Tax burden 83.2 94.2
Government spending 74.5 77
Fiscal health 76.5 98.6
Business freedom 72.3 60.6
Labor freedom 54.3 43.4
Monetary freedom 80.8 72.6
Trade freedom 48.2 72.2
Investment freedom 60 25
Financial freedom 60 30

Economic freedom comparison by year

Barbados
Tajikistan
1x
Year Economic freedom index
Barbados Tajikistan
2026 70.4 52.5
2025 68.9 51.5
2024 66.8 51.3
2023 69.8 50.6
2022 71.3 49.7
2021 65 55.2
2020 61.4 52.2
2019 64.7 55.6
2018 57 58.3
2017 54.5 58.2
2016 68.3 51.3
2015 67.9 52.7
2014 68.3 52
2013 69.3 53.4
2012 69 53.4
2011 68.5 53.5
2010 68.3 53
2009 71.5 54.6
2008 71.3 54.4
2007 70 53.6
2006 71.9 52.6
2005 70.1 50.4
2004 69.4 48.7
2003 71.3 46.5
2002 73.6 47.3
2001 71.5 46.8
2000 69.5 44.8
1999 66.7 41.2
1998 67.9 41.1
1997 64.5 -
1996 62.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Tajikistan
Services, % of GDP
75.5%
2024
34.7%
2023
Industry, % of GDP
12.4%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
1.58%
2024
22.9%
2023
GNI, Atlas method
$7.1B
2024
$17.5B
2024
GNI per capita, PPP
$23,850
2024
$7,100
2024
Total reserves including gold
$1.65B
2024
$3.3B
2023
Total reserves ranking
131/177
2024
117/177
2023
Net foreign direct investment
-$208M
2017
-$190M
2024
Net inflows of foreign direct investment
$303M
2024
$291M
2024
Net outflows of foreign direct investment
$18.6M
2024
$101M
2024
Servicing debt to the IMF, % of GNI n/a
3.07%
2024
Poverty at national poverty lines
25.7%
2016
19.8%
2024
Gross capital formation, % of GDP n/a
31.7%
2023

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/tajikistan | 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 (1994–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, 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)

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.