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Economy of Barbados vs Tunisia compared: GDP & Debt

Updated on by Georank team

Barbados has a GDP of $7.5B compared to $51.3B for Tunisia, ranking 157/197 and 93/197 by economy size, respectively.

Barbados has $7.97B in government debt (106.3% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Barbados vs Tunisia GDP by year

Barbados
Tunisia
1x
Year GDP, current $
Barbados Tunisia
2024 $7,498,050,000 $51,332,285,657
2023 $7,223,250,000 $48,205,328,303
2022 $6,884,900,000 $44,929,920,093
2021 $5,947,550,000 $47,073,234,359
2020 $5,407,050,000 $42,491,780,918
2019 $6,161,850,000 $41,905,642,419
2018 $6,001,950,000 $42,686,504,460
2017 $5,683,150,000 $42,163,530,591
2016 $5,674,600,000 $44,360,072,680
2015 $5,698,150,000 $45,779,494,042
2014 $5,620,600,000 $50,271,812,921
2013 $5,667,200,000 $48,685,446,414
2012 $5,761,450,000 $47,311,401,813
2011 $5,663,100,000 $48,123,325,825
2010 $5,672,900,000 $46,206,091,938
2009 $4,466,809,600 $43,455,740,497
2008 $4,790,410,400 $44,859,439,902
2007 $4,675,767,950 $38,915,353,867
2006 $4,217,323,400 $34,376,664,601
2005 $3,819,500,000 $32,272,186,695
2004 $3,444,500,000 $31,183,885,241
2003 $3,209,500,000 $27,453,902,261
2002 $3,106,500,000 $23,141,616,605
2001 $3,054,500,000 $22,065,832,449
2000 $3,059,500,000 $21,473,528,161
1999 $2,951,822,205 $22,943,202,175
1998 $2,817,083,478 $21,802,893,587
1997 $2,498,384,130 $20,746,210,354
1996 $2,363,645,403 $19,587,161,807
1995 $2,216,974,096 $18,030,876,599
1994 $2,151,344,901 $15,633,174,304
1993 $2,063,342,117 $14,608,335,608
1992 $1,957,000,000 $15,496,708,060
1991 $2,020,583,702 $13,074,782,609
1990 $2,012,131,457 $12,290,568,182
1989 $2,006,165,167 $10,101,851,745
1988 $1,812,757,918 $10,096,245,762
1987 $1,704,370,308 $9,696,715,911
1986 $1,547,755,183 $9,017,806,654
1985 $1,409,536,121 $8,410,226,053
1984 $1,346,890,071 $8,254,541,195
1983 $1,236,016,507 $8,350,582,748
1982 $1,163,923,830 $8,133,580,052
1981 $1,114,204,743 $8,428,445,294
1980 $1,012,280,615 $8,744,134,354
1979 $670,362,452 $7,188,863,904
1978 $552,883,707 $5,968,460,080
1977 $495,097,668 $5,109,324,009
1976 $435,911,269 $4,508,191,942
1975 $402,178,605 $4,328,965,588
1974 $311,804,630 $3,545,868,575
1973 $260,767,828 $2,730,813,385
1972 $213,725,217 $2,237,556,149
1971 $186,826,503 $1,685,162,272
1970 $166,210,203 $1,439,238,095
1969 $141,393,142 $1,289,904,762
1968 $125,733,669 $1,214,666,667
1967 $125,554,009 $1,085,714,286
1966 $113,195,123 $1,040,952,381
1965 $105,021,997 $991,047,619
1964 $99,252,731 $1,025,866,792
1963 $99,893,761 $1,026,737,600
1962 $88,782,583 $880,027,733
1961 $85,363,759 $866,155,429
1960 $80,021,847 -

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

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

GDP per capita in Barbados vs Tunisia by year

Barbados
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $26,545 $24,823 $4,181 $14,521
2023 $25,584 $23,660 $3,951 $14,041
2022 $24,387 $22,193 $3,707 $13,619
2021 $21,080 $17,683 $3,907 $12,444
2020 $19,194 $16,555 $3,549 $11,918
2019 $21,912 $19,971 $3,529 $12,495
2018 $21,381 $19,777 $3,628 $11,841
2017 $20,285 $18,437 $3,619 $11,289
2016 $20,296 $19,176 $3,848 $10,994
2015 $20,424 $19,186 $4,015 $10,783
2014 $20,193 $18,595 $4,459 $10,947
2013 $20,410 $19,032 $4,370 $10,672
2012 $20,804 $19,605 $4,297 $10,615
2011 $20,508 $20,316 $4,421 $10,436
2010 $20,611 $20,033 $4,292 $10,555
2009 $16,295 $20,324 $4,080 $10,237
2008 $17,566 $21,376 $4,255 $9,975
2007 $17,235 $20,949 $3,727 $9,479
2006 $15,620 $20,076 $3,323 $8,729
2005 $14,214 $18,450 $3,147 $8,117
2004 $12,886 $17,299 $3,067 $7,672
2003 $12,076 $16,707 $2,726 $7,098
2002 $11,760 $16,133 $2,321 $6,715
2001 $11,640 $15,866 $2,236 $6,593
2000 $11,675 $15,914 $2,199 $6,279
1999 $11,244 $14,873 $2,376 $5,930
1998 $10,734 $14,621 $2,285 $5,579
1997 $9,522 $13,941 $2,202 $5,333
1996 $9,012 $13,090 $2,107 $5,040
1995 $8,460 $12,375 $1,968 $4,686
1994 $8,223 $11,900 $1,733 $4,555
1993 $7,905 $11,448 $1,649 $4,401
1992 $7,519 $11,127 $1,785 $4,292
1991 $7,790 $11,576 $1,538 $3,975
1990 $7,781 $11,687 $1,476 $3,780
1989 $7,773 - $1,239 -
1988 $7,033 - $1,266 -
1987 $6,625 - $1,245 -
1986 $6,031 - $1,187 -
1985 $5,510 - $1,135 -
1984 $5,284 - $1,143 -
1983 $4,866 - $1,184 -
1982 $4,599 - $1,177 -
1981 $4,417 - $1,247 -
1980 $4,025 - $1,324 -
1979 $2,668 - $1,113 -
1978 $2,198 - $946 -
1977 $1,968 - $830 -
1976 $1,734 - $752 -
1975 $1,601 - $741 -
1974 $1,243 - $624 -
1973 $1,042 - $493 -
1972 $856 - $415 -
1971 $750 - $320 -
1970 $666 - $280.5 -
1969 $567 - $257.7 -
1968 $506 - $248.9 -
1967 $508 - $228 -
1966 $462 - $223.8 -
1965 $433 - $217.3 -
1964 $414 - $228.5 -
1963 $421 - $231.9 -
1962 $377 - $201.4 -
1961 $366 - $200.7 -
1960 $347 - - -

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

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

Barbados' GDP per capita is $26,545, ranking 46/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Tunisia ranks 114th at $14,521.

Economic indicators

Barbados Tunisia
Gross domestic product
$7.5B
2024
$51.3B
2024
GDP rank
157/197
2024
93/197
2024
GDP growth
2.48%
2023-2024
1.61%
2023-2024
GDP per capita
$26,545
2024
$4,181
2024
GDP per capita rank
46/197
2024
129/197
2024
GDP per capita, PPP
$24,823
2024
$14,521
2024
GDP per capita PPP rank
84/197
2024
114/197
2024
Government debt
$7.97B
2024
$42.8B
2024
Debt-to-GDP ratio
106.3%
2024
83.4%
2024
Government debt per person
$28,218
2024
$3,487
2024
Government debt per person rank
26/185
2024
94/185
2024
Average annual personal income after taxes
$18,869
2026
$3,951
2026
Market capitalization of domestic companies
$2.78B
2020
$8.3B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
25.8%
2016
27%
2021
Income share by poorest 10%
2.5%
2016
3.1%
2021
Government expenditure, % of GDP
30.2%
2024
33.8%
2024
Consumer prices inflation
-0.44%
2023-2024
7%
2023-2024
Central bank interest rate
2%
2020
7.5%
2025
Unemployment rate
6.54%
2023
15.1%
2023
Population
282798
12437803

Spending and national debt comparison by year

Barbados
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Barbados Tunisia
Government spending Government debt Government spending Government debt
2024 30.2% 106.3% 33.8% 83.4%
2023 28.8% 113.4% 35.7% 84%
2022 30.3% 116.9% 36.5% 83%
2021 32.5% 130.2% 33.2% 79.7%
2020 30.3% 128.4% 34.5% 77.7%
2019 23.9% 109.5% 29.5% 67.3%
2018 26.9% 115% 28.7% 72.9%
2017 29.8% 143.6% 28.7% 67.1%
2016 30.7% 136.5% 27.2% 58.9%
2015 31.4% 131.9% 27.4% 52.4%
2014 29% 122% 27.7% 50.7%
2013 30.8% 118.6% 30.8% 45.6%
2012 30.6% 109.4% 28.3% 49%
2011 27.7% 98.7% 27.9% 43.3%
2010 29.7% 96% 24% 38.8%
2009 29.5% 88.5% 24.6% 40.3%
2008 28.1% 72.6% 23.7% 41.4%
2007 27.8% 69% 23.3% 42.7%
2006 27.2% 69.8% 22.9% 45.7%
2005 28.7% 68.2% 23% 50%
2004 28.5% 66.5% 23% 51.6%
2003 29.8% 66.6% 23.5% 52.6%
2002 31% 66.1% 24.1% 51.6%
2001 22% 62.6% 24% 52.2%
2000 20.8% 56.6% 24% 62.9%
1999 19.7% 50.1% 24% 61.9%
1998 19% 50.5% 24.2% 58.2%
1997 21.5% 56.9% 24.5% 66.6%
1996 20.5% 56.1% 26.7% 66.8%
1995 18.6% 55.9% 26.6% 65.6%
1994 17% 55% 25.9% 63.9%
1993 - - 26.7% 63.8%
1992 - - 25.7% 62.1%
1991 - - 27.6% 63.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government spending was $2.26B, accounting for 30.2% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 106.3% in Barbados and 83.4% in Tunisia, ranking 18/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Tunisia
1x
Year Deficit/surplus, % of GDP
Barbados Tunisia
2024 -0.89% -5.92%
2023 -1.71% -7.03%
2022 -1.96% -6.91%
2021 -4.65% -7.6%
2020 -4.16% -9.06%
2019 3.08% -3.6%
2018 -0.34% -4.27%
2017 -3.89% -5.61%
2016 -4.88% -5.87%
2015 -8.16% -4.95%
2014 -6.57% -3.11%
2013 -8.98% -7.05%
2012 -7.07% -4.9%
2011 -3.63% -3.19%
2010 -7.55% -0.46%
2009 -6.56% -2.59%
2008 -4.1% -0.62%
2007 -4.34% -2.47%
2006 -3.41% -2.33%
2005 -3.03% -2.59%
2004 -2.97% -2.1%
2003 -3.08% -2.64%
2002 -5.28% -2.55%
2001 4.07% -2.87%
2000 4.94% -3.22%
1999 5.39% -3.05%
1998 6.03% -2.84%
1997 5.64% -3.7%
1996 3.76% -5.18%
1995 6.22% -4.53%
1994 6.72% -2.87%
1993 - -3.22%
1992 - -3.45%
1991 - -5.25%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/barbados/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 31 years, Barbados recorded a fiscal deficit in 22 of those years, while Tunisia ran a deficit in 31 years. On average, Barbados posted an annual deficit equal to 1.66% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Barbados

Tunisia
1x
Year Consumer prices inflation
Barbados Tunisia
2024 -0.44% 7%
2023 9.79% 9.3%
2022 - 8.3%
2021 - 5.7%
2020 - 5.6%
2019 4.1% 6.7%
2018 3.67% 7.3%
2017 4.66% 5.3%
2016 1.28% 3.6%
2015 -1.11% 4.4%
2014 1.77% 4.6%
2013 1.81% 5.3%
2012 4.53% 4.6%
2011 9.43% 3.2%
2010 5.82% 4.4%
2009 3.64% 3.5%
2008 8.11% 4.9%
2007 4.03% 3.4%
2006 7.31% 4.1%
2005 6.08% 2%
2004 1.39% 3.7%
2003 1.62% 2.7%
2002 0.13% 2.7%
2001 2.58% 1.9%
2000 2.44% 2.8%
1999 1.56% 2.8%
1998 -1.27% 3.1%
1997 7.71% 3.6%

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/tunisia | CC BY

Over the past 28 years, Barbados has recorded an average annual inflation rate of 3.63%, compared with 4.52% in Tunisia. In 2024, inflation was -0.44% in Barbados and 7% in Tunisia.

Top exports between countries

Barbados
Export category Export value
Tunisia
Export category Export value
Processed food, beverages & tobacco $37K
Textiles & consumer goods $1K

Balance of trade

Barbados Tunisia
Current account balance
-$296M
2017
-$775M
2024
Current account balance ranking
100/190
2017
117/190
2024
Current account balance, % of GDP
-5.22%
2017
-1.51%
2024
Goods imports
$1.53B
2017
$18.7B
2024
Goods exports
$705M
2017
$8.95B
2024
Service imports
$687M
2017
$3.92B
2024
Service exports
$1.52B
2017
$11.2B
2024
Imports of goods and services, % of GDP n/a
56.3%
2024
Exports of goods and services, % of GDP
14.5%
2025
50%
2024

Economic freedom indices

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

Barbados Tunisia
Economic freedom 70.4 48.1
Economic freedom ranking 34/197 172/197
Property rights 76.4 55.7
Government integrity 71.3 42.1
Judicial effectiveness 87.3 39.7
Tax burden 83.2 68.5
Government spending 74.5 62.5
Fiscal health 76.5 16
Business freedom 72.3 59.4
Labor freedom 54.3 55.8
Monetary freedom 80.8 72.4
Trade freedom 48.2 54.6
Investment freedom 60 20
Financial freedom 60 30

Economic freedom comparison by year

Barbados
Tunisia
1x
Year Economic freedom index
Barbados Tunisia
2026 70.4 48.1
2025 68.9 49.1
2024 66.8 48.8
2023 69.8 52.9
2022 71.3 54.2
2021 65 56.6
2020 61.4 55.8
2019 64.7 55.4
2018 57 58.9
2017 54.5 55.7
2016 68.3 57.6
2015 67.9 57.7
2014 68.3 57.3
2013 69.3 57
2012 69 58.6
2011 68.5 58.5
2010 68.3 58.9
2009 71.5 58
2008 71.3 60.1
2007 70 60.3
2006 71.9 57.5
2005 70.1 55.4
2004 69.4 58.4
2003 71.3 58.1
2002 73.6 60.2
2001 71.5 60.8
2000 69.5 61.3
1999 66.7 61.1
1998 67.9 63.9
1997 64.5 63.8
1996 62.3 63.9
1995 - 63.4

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

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Tunisia
Services, % of GDP
75.5%
2024
62.6%
2024
Industry, % of GDP
12.4%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.58%
2024
9.74%
2024
GNI, Atlas method
$7.1B
2024
$47.7B
2024
GNI per capita, PPP
$23,850
2024
$14,230
2024
Total reserves including gold
$1.65B
2024
$9.34B
2024
Total reserves ranking
131/177
2024
80/177
2024
Net foreign direct investment
-$208M
2017
-$725M
2024
Net inflows of foreign direct investment
$303M
2024
$760M
2024
Net outflows of foreign direct investment
$18.6M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI n/a
10.9%
2024
Poverty at national poverty lines
25.7%
2016
16.6%
2021
Gross capital formation, % of GDP n/a
7.86%
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/tunisia | 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 (1991–2024, 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. TradeMap (2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.