Barbados: Charges for the use of intellectual property, payments (BoP, current US$)

Key figures

What the numbers say

In 2017, Barbados' charges for the use of intellectual property, payments (BoP, current US$) rose 8.6% on 2016 (from US$13.41 million to US$14.56 million).

Across the 30 yearly changes before that (1987 to 2016), the average change was +10% and a typical year strayed about 45.8% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 168.5% in 1992 and the biggest yearly fall was 64.4% in 1988. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2008 to 2017 the straight-line trend is downward, about US$1.95 million a year. A straight line explains 43% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Barbados in the 2017 ranking

• Togo — 2nd of 2: US$2.31 million

What this measures

Charges for the use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, franchises), and charges for licenses to reproduce or distribute (or both) intellectual property embodied in produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 44 values

Charges for the use of intellectual property, payments (BoP, current US$) in nearby economies

• Antigua and Barbuda — US$12.49 million (2025)
• Argentina — US$2.15 billion (2025)
• Aruba — US$6.39 million (2023)
• Bahamas, The — US$16.91 million (2024)
• Belize — US$19.16 million (2025)
• Bolivia — US$18.69 million (2025)
• Brazil — US$12.33 billion (2025)
• Chile — US$1.61 billion (2025)

More economic policy & debt data for Barbados

• GDP (current US$) — US$8.02 billion (2025)
• GDP (current LCU) — 16.03 billion (2025)
• GDP (constant 2015 US$) — US$6.5 billion (2025)
• GDP (constant LCU) — 15.34 billion (2025)
• GDP per capita (current US$) — US$28,365 (2025)
• GDP per capita (current LCU) — 56,730 (2025)
• GDP per capita (constant 2015 US$) — US$23,014 (2025)
• GDP per capita (constant LCU) — 54,263 (2025)
• GNI (current US$) — US$7.69 billion (2025)
• GNI (current LCU) — 15.38 billion (2025)
• GNI per capita (current LCU) — 54,417 (2025)

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Questions people ask

What is Barbados's charges for the use of intellectual property, payments (BoP, current US$)?

US$14.56 million in 2017, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 2,391% from US$584,445 in 1974 (7.76% a year on average, compounded). The highest value was US$36.77 million in 2009 and the lowest US$584,445 in 1974.

Is the latest change in charges for the use of intellectual property, payments (BoP, current US$) unusual for Barbados?

In 2017, Barbados' charges for the use of intellectual property, payments (BoP, current US$) rose 8.6% on 2016 (from US$13.41 million to US$14.56 million). Across the 30 yearly changes before that (1987 to 2016), the average change was +10% and a typical year strayed about 45.8% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BM.GSR.ROYL.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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