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The Nation Publishing Co. Limited The Barbados Market & Economy

Where is Barbados? Barbados is part of a chain of islands located in the Southern Caribbean

About Barbados Barbados is an independent English- speaking Commonwealth country. It is located just over 3 hours by plane from Miami, 4.5 hours from New York and 8 hours from London. The island is home to over people. –90% of the population is black, 4% white, and 6% of other descent

The Many Faces of Barbados Barbados is more than just an island in the sun! Culture, Sports, Real Estate, Dream Vacations, Tourists, Celebrities, Manufacturing, Services Agriculture, International Business, Progressive Workforce, Advertising Opportunities !!

The Barbados Market Barbados has a high per capita income, low inflation, low external debt The island has a strong and vibrant economy driven by tourism, international business, agriculture, real estate and construction –Services are the major contributor to GDP (78%) Stable democratic system of government World standard accommodation, health care and telecommunications

The Barbados Market According to The Economist’s global survey, Barbados is ranked 52nd in the list of the world’s wealthiest nations –as measured by per capita income, GDP and purchasing power parity The island has a solid social and economic infrastructure Highly educated workforce,with significant purchasing power Leading English-speaking island destination in the Southern Caribbean for British, North American and European tourists

The Barbados Market Economy is predicted to receive a significant boost with the selection of Barbados as the host island for the ICC Cricket World Cup (CWC) Final in 2007 –Tournament will attract all the major teams in the world, and their fans from countries including Australia, England, South Africa, India –The Final has only ever been hosted by five countries in the world, England, India, Australia, Pakistan and South Africa –CWC is the 4th largest international sports event, based on number of fans

The Barbados Market Barbados, is one of six Caribbean countries to become a full member of the Caribbean Single Market & Economy (CSME) launched in January 2006 –Facilitates the free movement of goods, services and eligible human resources throughout the Caribbean region –Creates a bigger market for companies in the region –Gives companies based in Barbados a greater opportunity to expand into the wider Caribbean and beyond.

Key Economic Statistics* Mid Year Population (‘000) Per Capita GDP (‘000) GDP at Market Prices ($M) 5,117.65,108.44,952.25,389.85,625.0 Real GDP Growth (%)2.3% Consumer Inflation (%) Avg Unemployment Rate (%) Tourist Arrivals (‘000) Cruise Ship Arrivals (‘000) *Source: Central Bank of Barbados Annual Statistical Digest 2006

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