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Central Bank of Barbados: Review of the Barbados economy in 2025
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Caribbean News Global
BRIDGETOWN, Barbados – Stable economic growth and low inflation prevailed during 2025, even as global trade tensions intensified during the year.
Tourism, business and other services, construction, and agriculture supported real GDP growth of 2.7 percent.
The unemployment rate ended the third quarter at 6.6 percent, while jobless claims increased modestly during 2025.
Higher housing and utility costs, together with stronger demand for dining services, lifted point-to-point inflation to 1.7 percent in November.
International reserves totalled $3 billion at end-December, supported by stronger tourism receipts and inflows for tourism-related projects, which partly offset wider merchandise trade and income account deficits.