Barbados vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Barbados ranked 157th with $5.1B. By GDP 5-years average growth and GDP per capita, Turkey and Barbados ranked 36th vs 159th and 78th vs 50th, respectively.

Gross Domestic Product & Income

StatBarbadosTurkey
GDP$5.1B$771.4B
GDP growth, 1 year-0.5%2.6%
GDP growth, 5-years average0.7%4.9%
Population286k82M
GDP per capita$18k$9.4k
GDP per capita growth-0.64%1.31%
Purchasing Power Parity conversion factor1.931.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.970.33
GDP per capita, PPP adjusted$19k$28k
GNI, Atlas method$4.4B$858.1B
GNI per capita$15k$10k
GNI, PPP adjusted$4.7B$2.3T
GNI per capita, PPP adjusted$16k$28k

Financial system and Human development

StatBarbadosTurkey
Income Tax Rate40%35%
Corporate Tax Rate5.5%22%
Inflation, consumer prices3.6%16.3%
Inflation, GDP deflator3.6%16.4%
Unemployment9.6%10.9%
Economic Freedom Index61.464.4
Personal Freedom Index8.226.97
Human Freedom Index7.216.96
Property Rights Index56.657.4
Judical Effectiveness Index36.153.7
Business Freedom Index69.467
Fiscal Health Index63.186.1
Labor Freedom Index6049.2
Investment Freedom Index7070
Financial Freedom Index6060
Trade Freedom Index56.678
Monetary Freedom Index77.966.1
Government Spending Index69.264.1
Tax Burden Index73.676.7
Government Integrity Index4444.6
Corruption Perceptions Index6841
Life expectancy at birth, years7977.2
Suicide mortality rate, per 100,000 people0.87.3
Mortality caused by road traffic injury, per 100,000 people5.612.3
Intentional homicides, per 100,000 people10.54.3
International tourism, number of arrivals680k45.8M

Government debt & reserves

StatBarbadosTurkey
Central government debt, % of GDP124.5%29.1%
External debt stocks, % of GNIN/A59%
External debt stocksN/A$445.1B
Short-term debt, % of total reservesN/A124.1%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNI-6.8%11.4%
Gross savings, % of GDP-0.5%27.1%
Gross capital formation, % of GDP11.3%29.6%
Total reserves including gold$431.8M$93B
Foreign direct investment net inflows$195.1M$13.1B

Exports, imports and economic structure

StatBarbadosTurkey
Exports of goods and services, % of GDP42%29.5%
Imports of goods and services, % of GDP40.9%30.6%
Current account balance (balance of payments)-$248.2M-$27B
Revenue excluding grants, % of GDP26.7%30.7%
Grants excluding technical cooperation, BoP$13.8M$1.3B
Personal remittances received$108.3M$1.1B
Industry including construction value added, % of GDP14%29.5%
Agriculture, forestry and fishing value added, % of GDP1.3%5.8%
Charges for the use of intellectual property, payments BoP$12.1M$726M
Charges for the use of intellectual property, receipts BoP$33.4M$29M
Expense, % of GDP35.2%33.9%
Government Expenditure, % of GDP32%34.6%

Compare with countries close by GDP per capita

Barbados vs

CountryGDP
per capita
Population
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M