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Historical Values
Year Value
1990 1.5% of GDP, or $309 million (FY90 est.)
1991 $319 million, 1.5% of GDP (FY91)
1992 exchange rate conversion - $339 million, 1.5% of GDP (FY92 budget)
1993 exchange rate conversion - $355 million, 1.5% of GDP (FY92/93)
1994 exchange rate conversion - $355 million, 1.5% of GDP (FY92/93)
1995 exchange rate conversion - $448 million, 1.7% of GDP (FY93/94) BARBADOS
1996 exchange rate conversion - $481 million, 1.7% of GDP (FY95/96)
1997 1.7% (FY95/96)
1998 1.7% (FY95/96)
1999 1.8% (FY96/97)
2000 1.8% (FY96/97)
2001 1.8% (FY96/97)
2002 1.8% (FY96/97)
2003 1.8% (FY96)
2004 1.2% (2003)
2005 1.8% (2004)
2006 1.8% (2005 est.)
2007 1.5% (2006)
2008 1.5% of GDP (2006)
2009 1.5% of GDP (2006) country comparison to the world: 105
2010 1.3% of GDP (2009) country comparison to the world: 112
2011 1.3% of GDP (2009) country comparison to the world: 116
2012 1.3% of GDP (2009) country comparison to the world: 115
2013 1.4% of GDP (2012) country comparison to the world: 106
2014 1.35% of GDP (2012) country comparison to the world: 76 1.44% of GDP (2011) 1.35% of GDP (2010)
2015 1.15% of GDP (2013) | 1.35% of GDP (2012) | 1.44% of GDP (2011) | 1.35% of GDP (2010) | country comparison to the world: 86
2016 1.09% of GDP (2014) | 1.15% of GDP (2013) | 1.35% of GDP (2012) | 1.44% of GDP (2011) | 1.35% of GDP (2010) | country comparison to the world: 86
2017 1.44% of GDP (2016) | 1.46% of GDP (2015) | 1.36% of GDP (2014) | 1.33% of GDP (2013) | 1.41% of GDP (2012) | country comparison to the world: 86
2018 1.44% of GDP (2017) | 1.44% of GDP (2016) | 1.46% of GDP (2015) | 1.36% of GDP (2014) | 1.33% of GDP (2013)
2019 1.37% of GDP (2018) | 1.38% of GDP (2017) | 1.44% of GDP (2016) | 1.46% of GDP (2015) | 1.36% of GDP (2014)
2020 1.3% of GDP (2019) | 1.3% of GDP (2018) | 1.2% of GDP (2017) | 1.4% of GDP (2016) | 1.4% of GDP (2015)
2021 1.2% of GDP (2020 est.) 1.3% of GDP (2019) 1.3% of GDP (2018) 1.2% of GDP (2017) 1.4% of GDP (2016)
2022 1.1% of GDP (2022 est.) 1.2% of GDP (2021 est.) 1.3% of GDP (2020) 1.4% of GDP (2019) (approximately $5.12 billion) 1.4% of GDP (2018) (approximately $4.57 billion)
2023 1.1% of GDP (2022 est.) 1.2% of GDP (2021 est.) 1.3% of GDP (2020) 1.4% of GDP (2019) 1.4% of GDP (2018)
2024 1% of GDP (2023 est.) 1.1% of GDP (2022 est.) 1.2% of GDP (2021 est.) 1.3% of GDP (2020 est.) 1.4% of GDP (2019 est.)
2025 0.9% of GDP (2024 est.) 1% of GDP (2023 est.) 1.1% of GDP (2022 est.) 1.2% of GDP (2021 est.) 1.3% of GDP (2020 est.)