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Barbados

Barbadian and Bajan National accounts Stats

Definitions

  • Local currency at constant prices > Aggregate indicators > GDP per capita > Constant LCU: GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Local currency at current prices > Value added > Agriculture > Value added > Current LCU: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Local currency at current prices > Value added > Industry > Value added > Current LCU: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Local currency at current prices > Value added > Manufacturing > Value added > Current LCU: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Local currency at current prices > Value added > Services > Etc. > Value added > Current LCU: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency."
  • Shares of GDP and other > Exports > Goods and services > % of GDP: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments."
  • Shares of GDP and other > External balance on goods and services > % of GDP: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
  • Shares of GDP and other > Final > Consumption expenditure > Etc. > % of GDP: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
  • Shares of GDP and other > General government final > Consumption expenditure > % of GDP: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation."
  • Shares of GDP and other > Gross fixed capital formation > % of GDP: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Shares of GDP and other > Services > Etc. > Value added > % of GDP: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant U.S. dollars.
  • US$ at current prices > Aggregate indicators > GDP > Current US$: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
  • US$ at current prices > Expenditure on GDP > Gross national expenditure > Current US$: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars."
  • US$ at current prices > Value added > Services > Etc. > Value added > Current US$: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars."
STAT AMOUNT DATE RANK HISTORY
Local currency at constant prices > Aggregate indicators > GDP per capita > Constant LCU 4,323.52 2002 143th out of 182
Local currency at current prices > Value added > Agriculture > Value added > Current LCU 184.6 million 2005 148th out of 164
Local currency at current prices > Value added > Industry > Value added > Current LCU 901.3 million 2005 150th out of 164
Local currency at current prices > Value added > Manufacturing > Value added > Current LCU 357.4 million 2005 146th out of 159
Local currency at current prices > Value added > Services > Etc. > Value added > Current LCU 3.82 billion 2005 145th out of 164
Shares of GDP and other > Exports > Goods and services > % of GDP 60.62% 2009 17th out of 139
Shares of GDP and other > External balance on goods and services > % of GDP -3.97% 2009 70th out of 140
Shares of GDP and other > Final > Consumption expenditure > Etc. > % of GDP 81.56% 2009 67th out of 130
Shares of GDP and other > General government final > Consumption expenditure > % of GDP 21.52% 2005 25th out of 167
Shares of GDP and other > Gross fixed capital formation > % of GDP 22.45% 2009 59th out of 128
Shares of GDP and other > Services > Etc. > Value added > % of GDP 77.85% 2005 6th out of 165
US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$ $9,318.75 2002 41st out of 180
US$ at current prices > Aggregate indicators > GDP > Current US$ $3.60 billion 2009 133th out of 168
US$ at current prices > Expenditure on GDP > Gross national expenditure > Current US$ $3.74 billion 2009 118th out of 139
US$ at current prices > Value added > Services > Etc. > Value added > Current US$ $1.91 billion 2005 118th out of 165

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

Citation

"Barbados National accounts Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Barbados/Economy/National-accounts

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