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Economy of Barbados vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Barbados has a GDP of $7.5B compared to $115B for Uzbekistan, ranking 157/197 and 66/197 by economy size, respectively.

Barbados has $7.97B in government debt (106.3% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Barbados vs Uzbekistan GDP by year

Barbados
Uzbekistan
1x
Year GDP, current $
Barbados Uzbekistan
2024 $7,498,050,000 $114,965,293,467
2023 $7,223,250,000 $102,641,879,249
2022 $6,884,900,000 $90,095,926,567
2021 $5,947,550,000 $77,340,060,003
2020 $5,407,050,000 $66,443,265,418
2019 $6,161,850,000 $67,293,639,798
2018 $6,001,950,000 $58,695,899,092
2017 $5,683,150,000 $69,703,222,283
2016 $5,674,600,000 $86,138,288,644
2015 $5,698,150,000 $86,196,264,755
2014 $5,620,600,000 $80,845,385,809
2013 $5,667,200,000 $73,180,037,915
2012 $5,761,450,000 $67,517,349,212
2011 $5,663,100,000 $60,178,909,297
2010 $5,672,900,000 $49,765,676,402
2009 $4,466,809,600 $33,689,223,673
2008 $4,790,410,400 $29,549,438,884
2007 $4,675,767,950 $22,311,393,928
2006 $4,217,323,400 $17,330,833,853
2005 $3,819,500,000 $14,307,509,839
2004 $3,444,500,000 $12,030,023,548
2003 $3,209,500,000 $10,134,453,435
2002 $3,106,500,000 $9,687,788,513
2001 $3,054,500,000 $11,401,421,329
2000 $3,059,500,000 $13,760,513,969
1999 $2,951,822,205 $17,078,465,982
1998 $2,817,083,478 $14,988,971,211
1997 $2,498,384,130 $14,744,603,774
1996 $2,363,645,403 $13,948,892,216
1995 $2,216,974,096 $13,350,461,265
1994 $2,151,344,901 $12,899,074,922
1993 $2,063,342,117 $13,099,920,056
1992 $1,957,000,000 $12,953,801,760
1991 $2,020,583,702 $13,800,167,712
1990 $2,012,131,457 $13,362,340,338
1989 $2,006,165,167 $11,948,815,258
1988 $1,812,757,918 $10,722,799,639
1987 $1,704,370,308 $8,523,160,593
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/uzbekistan | CC BY

GDP per capita in Barbados vs Uzbekistan by year

Barbados
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Barbados Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $26,545 $24,823 $3,162 $11,879
2023 $25,584 $23,660 $2,879 $11,107
2022 $24,387 $22,193 $2,579 $10,293
2021 $21,080 $17,683 $2,259 $9,248
2020 $19,194 $16,555 $1,978 $8,452
2019 $21,912 $19,971 $2,041 $8,544
2018 $21,381 $19,777 $1,813 $8,129
2017 $20,285 $18,437 $2,191 $7,818
2016 $20,296 $19,176 $2,753 $6,919
2015 $20,424 $19,186 $2,803 $6,800
2014 $20,193 $18,595 $2,675 $6,610
2013 $20,410 $19,032 $2,462 $6,413
2012 $20,804 $19,605 $2,307 $6,168
2011 $20,508 $20,316 $2,088 $5,949
2010 $20,611 $20,033 $1,753 $5,505
2009 $16,295 $20,324 $1,206 $5,135
2008 $17,566 $21,376 $1,075 $4,800
2007 $17,235 $20,949 $824 $4,386
2006 $15,620 $20,076 $649 $3,956
2005 $14,214 $18,450 $543 $3,618
2004 $12,886 $17,299 $462 $3,321
2003 $12,076 $16,707 $394 $3,047
2002 $11,760 $16,133 $381 $2,902
2001 $11,640 $15,866 $454 $2,782
2000 $11,675 $15,914 $555 $2,644
1999 $11,244 $14,873 $698 $2,522
1998 $10,734 $14,621 $621 $2,418
1997 $9,522 $13,941 $621 $2,329
1996 $9,012 $13,090 $597 $2,214
1995 $8,460 $12,375 $583 $2,178
1994 $8,223 $11,900 $574 $2,197
1993 $7,905 $11,448 $596 $2,318
1992 $7,519 $11,127 $603 $2,371
1991 $7,790 $11,576 $658 $2,676
1990 $7,781 $11,687 $653 $2,665
1989 $7,773 - $598 -
1988 $7,033 - $551 -
1987 $6,625 - $450 -
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/uzbekistan | CC BY

Barbados' GDP per capita is $26,545, ranking 46/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Barbados ranks 84th at $24,823, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Barbados Uzbekistan
Gross domestic product
$7.5B
2024
$115B
2024
GDP rank
157/197
2024
66/197
2024
GDP growth
2.48%
2023-2024
6.5%
2023-2024
GDP per capita
$26,545
2024
$3,162
2024
GDP per capita rank
46/197
2024
139/197
2024
GDP per capita, PPP
$24,823
2024
$11,879
2024
GDP per capita PPP rank
84/197
2024
125/197
2024
Government debt
$7.97B
2024
$37.5B
2024
Debt-to-GDP ratio
106.3%
2024
32.7%
2024
Government debt per person
$28,218
2024
$1,032
2024
Government debt per person rank
26/185
2024
141/185
2024
Average annual personal income after taxes
$18,869
2026
$3,658
2026
Market capitalization of domestic companies
$2.78B
2020
$18.8B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
25.8%
2016
25.7%
2024
Income share by poorest 10%
2.5%
2016
2.3%
2024
Government expenditure, % of GDP
30.2%
2024
27.6%
2024
Consumer prices inflation
-0.44%
2023-2024
9.6%
2023-2024
Central bank interest rate
2%
2020
14%
2025
Unemployment rate
6.54%
2023
5.29%
2020
Population
282798
37939105

Spending and national debt comparison by year

Barbados
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Barbados Uzbekistan
Government spending Government debt Government spending Government debt
2024 30.2% 106.3% 27.6% 32.7%
2023 28.8% 113.4% 29.9% 32.2%
2022 30.3% 116.9% 31.3% 30.5%
2021 32.5% 130.2% 27.4% 31.7%
2020 30.3% 128.4% 26% 33.7%
2019 23.9% 109.5% 24.4% 25.4%
2018 26.9% 115% 22.2% 17.5%
2017 29.8% 143.6% 19.9% 17.3%
2016 30.7% 136.5% 23.3% 8.19%
2015 31.4% 131.9% 24.6% 6.72%
2014 29% 122% 24.9% 6.09%
2013 30.8% 118.6% 25.2% 6.23%
2012 30.6% 109.4% 23.9% 6.76%
2011 27.7% 98.7% 23.7% 6.33%
2010 29.7% 96% 26.4% 6.61%
2009 29.5% 88.5% 27.5% 7.3%
2008 28.1% 72.6% 26.5% 8.33%
2007 27.8% 69% 24.8% 9.56%
2006 27.2% 69.8% 24.7% 13.5%
2005 28.7% 68.2% 28.1% 21%
2004 28.5% 66.5% 29.4% 26.9%
2003 29.8% 66.6% 31.5% 31.4%
2002 31% 66.1% 34.6% 41.6%
2001 22% 62.6% 30.6% 44.8%
2000 20.8% 56.6% 32.9% 29.5%
1999 19.7% 50.1% 33.6% 18.4%
1998 19% 50.5% 35.1% 18%
1997 21.5% 56.9% 31.8% 15.3%
1996 20.5% 56.1% 35.1% -
1995 18.6% 55.9% 29.4% -
1994 17% 55% 27.1% -
1993 - - 39.6% -
1992 - - 18% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Barbados' government spending was $2.26B, accounting for 30.2% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 106.3% in Barbados and 32.7% in Uzbekistan, ranking 18/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Barbados

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Barbados Uzbekistan
2024 -0.89% -2.37%
2023 -1.71% -4.03%
2022 -1.96% -3.65%
2021 -4.65% -4.1%
2020 -4.16% -2.95%
2019 3.08% -0.3%
2018 -0.34% 1.64%
2017 -3.89% 1.04%
2016 -4.88% 0.7%
2015 -8.16% -0.28%
2014 -6.57% 1.9%
2013 -8.98% 2.15%
2012 -7.07% 5.89%
2011 -3.63% 5.11%
2010 -7.55% 2.56%
2009 -6.56% 1.82%
2008 -4.1% 5.97%
2007 -4.34% 3.55%
2006 -3.41% 2.72%
2005 -3.03% -3.52%
2004 -2.97% -3.74%
2003 -3.08% -4.87%
2002 -5.28% -6.31%
2001 4.07% -3.28%
2000 4.94% -3.66%
1999 5.39% -2.91%
1998 6.03% -3.04%
1997 5.64% -2.05%
1996 3.76% -1.57%
1995 6.22% -1.77%
1994 6.72% -4.47%
1993 - -12%
1992 - 7.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/barbados/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 31 years, Barbados recorded a fiscal deficit in 22 of those years, while Uzbekistan ran a deficit in 19 years. On average, Barbados posted an annual deficit equal to 1.66% of GDP, compared to deficit of 0.77% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Barbados

Uzbekistan
1x
Year Consumer prices inflation
Barbados Uzbekistan
2024 -0.44% 9.6%
2023 9.79% 10%
2022 - 11.4%
2021 - 10.8%
2020 - 12.9%
2019 4.1% 14.5%
2018 3.67% 17.5%
2017 4.66% 13.9%
2016 1.28% 8.8%
2015 -1.11% 8.5%
2014 1.77% 9.1%
2013 1.81% 11.7%
2012 4.53% 11.9%
2011 9.43% 12.4%
2010 5.82% 12.3%
2009 3.64% 12.3%
2008 8.11% 13.1%
2007 4.03% 11.2%
2006 7.31% 13.1%
2005 6.08% 10.7%
2004 1.39% 7.3%
2003 1.62% 12.5%
2002 0.13% 27.3%
2001 2.58% 27.3%
2000 2.44% 25%
1999 1.56% 29.1%
1998 -1.27% 29%
1997 7.71% 70.9%

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/uzbekistan | CC BY

Over the past 28 years, Barbados has recorded an average annual inflation rate of 3.63%, compared with 16.6% in Uzbekistan. In 2024, inflation was -0.44% in Barbados and 9.6% in Uzbekistan.

Top exports between countries

Barbados
Export category Export value
Uzbekistan
Export category Export value
Raw agricultural goods $19K

Balance of trade

Barbados Uzbekistan
Current account balance
-$296M
2017
-$5.71B
2024
Current account balance ranking
100/190
2017
169/190
2024
Current account balance, % of GDP
-5.22%
2017
-4.97%
2024
Goods imports
$1.53B
2017
$33.2B
2024
Goods exports
$705M
2017
$19.6B
2024
Service imports
$687M
2017
$10.5B
2024
Service exports
$1.52B
2017
$6.55B
2024
Imports of goods and services, % of GDP n/a
38%
2024
Exports of goods and services, % of GDP
14.5%
2025
22.8%
2024

Economic freedom indices

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

Barbados Uzbekistan
Economic freedom 70.4 60.3
Economic freedom ranking 34/197 94/197
Property rights 76.4 43.1
Government integrity 71.3 32
Judicial effectiveness 87.3 13.7
Tax burden 83.2 95
Government spending 74.5 73.7
Fiscal health 76.5 79.9
Business freedom 72.3 62.5
Labor freedom 54.3 48.4
Monetary freedom 80.8 65.1
Trade freedom 48.2 80.6
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Barbados
Uzbekistan
1x
Year Economic freedom index
Barbados Uzbekistan
2026 70.4 60.3
2025 68.9 58
2024 66.8 55.9
2023 69.8 56.5
2022 71.3 55.7
2021 65 58.3
2020 61.4 57.2
2019 64.7 53.3
2018 57 51.5
2017 54.5 52.3
2016 68.3 46
2015 67.9 47
2014 68.3 46.5
2013 69.3 46
2012 69 45.8
2011 68.5 45.8
2010 68.3 47.5
2009 71.5 50.5
2008 71.3 51.9
2007 70 51.5
2006 71.9 48.7
2005 70.1 45.8
2004 69.4 39.1
2003 71.3 38.3
2002 73.6 38.5
2001 71.5 38.2
2000 69.5 38.1
1999 66.7 33.8
1998 67.9 31.5
1997 64.5 -
1996 62.3 -

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

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

The Economic Freedom Index for Barbados is 70.4, ranking 34/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Barbados Uzbekistan
Services, % of GDP
75.5%
2024
45.2%
2024
Industry, % of GDP
12.4%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.58%
2024
18.3%
2024
GNI, Atlas method
$7.1B
2024
$110B
2024
GNI per capita, PPP
$23,850
2024
$12,000
2024
Total reserves including gold
$1.65B
2024
$41.2B
2024
Total reserves ranking
131/177
2024
50/177
2024
Net foreign direct investment
-$208M
2017
-$2.81B
2024
Net inflows of foreign direct investment
$303M
2024
$2.99B
2024
Net outflows of foreign direct investment
$18.6M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.88%
2024
Poverty at national poverty lines
25.7%
2016
8.9%
2024
Gross capital formation, % of GDP n/a
33.3%
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/uzbekistan | 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 (1992–2024, 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)
  7. TradeMap (2024, retrieved 2026-02-08)

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.

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.