Barbados

Barbados is a high-income eastern Caribbean island with one of the region's more diversified and developed economies, historically built on sugar but now led by tourism and international business.

A stable democracy that became a republic in 2021, Barbados depends on tourism and offshore finance, leaving it exposed to global shocks, and it has championed climate finance for vulnerable nations.

Key Sectors

The economy rests on tourism, international business and financial services, and some light manufacturing and agriculture, the remnants of its once-dominant sugar industry.