Barbados PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Report Launched

As per International Monetary Fund (IMF) Barbados’s nominal gross domestic product is expected to grow at a CAGR of 3.87% from it’s 2015 level of BBD 8.844 billion and reach BBD 11.539 billion by 2022.

Barbados, is a sovereign island country in the Lesser Antilles. Barbados, the eastern-most Caribbean island, gained full independence in 1966 and maintains ties to the British monarchy, represented in Barbados by the Governor General. Barbados is a parliamentary democracy and a Commonwealth realm. Its capital city is Bridgetown, and the official language is English.

Barbados had estimated population of 0.28 million in the year 2016 and expected to reach 0.284 million by 2022. Barbados's unemployment rate was 9.867% of total labor force.

Barbados's real gross domestic product (GDP) was around BBD 1.137 billions in 2016 whereas the nominal GDP was BBD 9.175 billions. This resulted in GDP deflator 806.953. Per capita GDP was estimated at USD 16363.40 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 17100.17.

In 2016, Barbados government's revenue was BBD 3.512 billions whereas the expenditure was BBD 4.148 billions. This resulted Barbados government's net lending / borrowing negative at BBD 0.636 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Barbados was estimated to be negative at USD 0.206 billions for the year 2016 and is expected to decline at a CAGR of 0.39% and reach USD 0.255 by 2022. This negative current account balance indicates the Barbados is a net borrower from the whole world.

Scope of the Barbados PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports

• These reports provide information about key macroeconomic indicators for Barbados.
• These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Barbados.
• These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Barbados.
• These reports provide risk analysis for Barbados.

For more information and to purchase Barbados PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/barbados-pestel-analysis-market-research-report

For more information and to purchase Barbados SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/barbados-swot-analysis-market-research-report

For more information and to purchase Barbados Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/barbados-risk-analysis-market-research-report