Central Bank of Barbados: Review of the Barbados economy in 2025

Central Bank hails lower debt, falling inflation, stronger fiscal balance

Barbados recorded a fourth straight year of economic expansion in 2025, with the economy growing by 2.7 per cent as record-breaking tourism arrivals helped drive broad-based gains across key sectors, the Central Bank announced on Wednesday.  Addressing a press conference at the bank’s Spry Street, Bridgetown headquarters to review the economy in 2025, Governor Dr Kevin Greenidge also disclosed that inflation — the rate at which prices rise — slo…

Central Bank of Barbados: Review of the Barbados economy in 2025

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. Lower international oil and freight costs eased inflation pressures despite hi…

Barbados’ economy expands for fourth consecutive year, inflation remains low

Inflation low, economic growth sustained. That’s how Central Bank Governor, the Most Honourable Dr. Kevin Greenidge, characterised Barbados’ economic situation during 2025. His comments came at a media conference as he gave a review of the island’s economy and an outlook for 2026. He says real gross domestic product (GDP) increased by 2.7% and it marks the fourth consecutive year of economic expansion. At the same time, inflation averaged about …