Barbados - External balance on goods and services
External balance on goods and services (current US$)
The latest value for External balance on goods and services (current US$) in Barbados was $16,906,850 as of 2019. Over the past 44 years, the value for this indicator has fluctuated between $152,538,200 in 1994 and ($305,050,000) in 2005.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1975 | ($40,322,760) |
| 1976 | ($79,796,380) |
| 1977 | ($56,991,730) |
| 1978 | ($56,831,400) |
| 1979 | ($71,794,360) |
| 1980 | ($16,457,020) |
| 1981 | ($87,953,060) |
| 1982 | ($26,102,520) |
| 1983 | $12,032,020 |
| 1984 | $54,342,960 |
| 1985 | $92,030,030 |
| 1986 | $2,585,393 |
| 1987 | $1,044,101 |
| 1988 | $52,354,200 |
| 1989 | $29,135,390 |
| 1990 | ($4,872,471) |
| 1991 | ($17,252,520) |
| 1992 | $132,000,000 |
| 1993 | $92,576,940 |
| 1994 | $152,538,200 |
| 1995 | $40,471,340 |
| 1996 | $60,657,290 |
| 1997 | ($69,159,250) |
| 1998 | ($91,781,430) |
| 1999 | ($142,246,300) |
| 2000 | ($125,650,000) |
| 2001 | ($134,950,000) |
| 2002 | ($170,850,000) |
| 2003 | ($134,000,000) |
| 2004 | ($298,750,000) |
| 2005 | ($305,050,000) |
| 2006 | ($268,176,800) |
| 2007 | ($94,433,650) |
| 2008 | ($241,503,700) |
| 2009 | ($99,287,100) |
| 2010 | ($135,468,800) |
| 2011 | ($211,196,900) |
| 2012 | ($209,574,700) |
| 2013 | ($183,480,300) |
| 2014 | ($220,960,800) |
| 2015 | ($77,563,750) |
| 2016 | $48,182,450 |
| 2017 | $73,121,200 |
| 2018 | $80,483,550 |
| 2019 | $16,906,850 |
External balance on goods and services (current LCU)
The value for External balance on goods and services (current LCU) in Barbados was 33,813,700 as of 2019. As the graph below shows, over the past 44 years this indicator reached a maximum value of 306,800,000 in 1994 and a minimum value of -610,100,000 in 2005.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1975 | -81,456,000 |
| 1976 | -159,896,000 |
| 1977 | -114,371,000 |
| 1978 | -114,305,000 |
| 1979 | -144,400,000 |
| 1980 | -33,100,000 |
| 1981 | -176,900,000 |
| 1982 | -52,500,000 |
| 1983 | 24,200,000 |
| 1984 | 109,300,000 |
| 1985 | 185,100,000 |
| 1986 | 5,200,000 |
| 1987 | 2,100,000 |
| 1988 | 105,300,000 |
| 1989 | 58,600,000 |
| 1990 | -9,800,000 |
| 1991 | -34,700,000 |
| 1992 | 264,000,000 |
| 1993 | 186,200,000 |
| 1994 | 306,800,000 |
| 1995 | 81,400,000 |
| 1996 | 122,000,000 |
| 1997 | -139,100,000 |
| 1998 | -184,600,000 |
| 1999 | -286,100,000 |
| 2000 | -251,300,000 |
| 2001 | -269,900,000 |
| 2002 | -341,700,000 |
| 2003 | -268,000,000 |
| 2004 | -597,500,000 |
| 2005 | -610,100,000 |
| 2006 | -536,353,700 |
| 2007 | -188,867,300 |
| 2008 | -483,007,400 |
| 2009 | -198,574,200 |
| 2010 | -270,937,600 |
| 2011 | -422,393,900 |
| 2012 | -419,149,300 |
| 2013 | -366,960,600 |
| 2014 | -441,921,700 |
| 2015 | -155,127,500 |
| 2016 | 96,364,900 |
| 2017 | 146,242,400 |
| 2018 | 160,967,100 |
| 2019 | 33,813,700 |
External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Barbados was 0.32 as of 2019. Its highest value over the past 44 years was 7.09 in 1994, while its lowest value was -18.31 in 1976.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1975 | -10.03 |
| 1976 | -18.31 |
| 1977 | -11.51 |
| 1978 | -10.28 |
| 1979 | -10.71 |
| 1980 | -1.63 |
| 1981 | -7.89 |
| 1982 | -2.24 |
| 1983 | 0.97 |
| 1984 | 4.03 |
| 1985 | 6.53 |
| 1986 | 0.17 |
| 1987 | 0.06 |
| 1988 | 2.89 |
| 1989 | 1.45 |
| 1990 | -0.24 |
| 1991 | -0.85 |
| 1992 | 6.75 |
| 1993 | 4.49 |
| 1994 | 7.09 |
| 1995 | 1.83 |
| 1996 | 2.57 |
| 1997 | -2.77 |
| 1998 | -3.26 |
| 1999 | -4.82 |
| 2000 | -4.11 |
| 2001 | -4.42 |
| 2002 | -5.50 |
| 2003 | -4.18 |
| 2004 | -8.67 |
| 2005 | -7.99 |
| 2006 | -6.36 |
| 2007 | -2.02 |
| 2008 | -5.05 |
| 2009 | -2.22 |
| 2010 | -2.99 |
| 2011 | -4.53 |
| 2012 | -4.55 |
| 2013 | -3.92 |
| 2014 | -4.70 |
| 2015 | -1.65 |
| 2016 | 1.00 |
| 2017 | 1.47 |
| 2018 | 1.58 |
| 2019 | 0.32 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
