Barbados: Travel services (% of service exports, BoP)

Key figures

What the numbers say

In 2017, Barbados' travel services (% of service exports, BoP) fell 1.73 percentage points on 2016 (from 72.44% to 70.71%).

Across the 30 yearly changes before that (1987 to 2016), the average change was +0.04 percentage points and a typical year strayed about 3.97 percentage points from that (the standard deviation). This year's change was 0.4 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 7.42 percentage points in 2003 and the biggest yearly fall was 9.3 percentage points in 1996. 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 1.15 percentage points a year. A straight line explains 49% 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.

What this measures

Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

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

All 51 values

Travel services (% of service exports, BoP) in nearby economies

• Antigua and Barbuda — 84.27% (2025)
• Argentina — 26.45% (2025)
• Aruba — 87.83% (2023)
• Bahamas, The — 93.9% (2024)
• Belize — 68.14% (2025)
• Bolivia — 64.55% (2025)
• Brazil — 19.2% (2025)
• Chile — 29.54% (2025)
• Colombia — 48.42% (2025)
• Costa Rica — 30.81% (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)

Reading data like this

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Questions people ask

What is Barbados's travel services (% of service exports, BoP)?

70.71% in 2017, according to the World Bank (World Development Indicators).

How has it changed since 1967?

It is up 2.79 percentage points from 67.92% in 1967. The highest value was 82.7% in 1974 and the lowest 64.36% in 2014.

Is the latest change in travel services (% of service exports, BoP) unusual for Barbados?

In 2017, Barbados' travel services (% of service exports, BoP) fell 1.73 percentage points on 2016 (from 72.44% to 70.71%). Across the 30 yearly changes before that (1987 to 2016), the average change was +0.04 percentage points and a typical year strayed about 3.97 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator BX.GSR.TRVL.ZS, 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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