Cover Image
close this bookThe Courier N 123 Sept - October 1990 - Dossier Higher Education - Country Reports: Barbados - (EC Courier, 1990, 104 p.)
close this folderCountry reports
close this folderBarbados: Basking in the economic sunshine
View the document(introduction...)
View the documentAn interview with Erskine SANDIFORD, Prime Minister of Barbados
View the documentAn interview with Wesley HALL, Minister of Tourism and Sports
View the documentAn interview with Warwick FRANKLIN Minister of Agriculture, Food and Fisheries
View the documentAn Interview with Evelyn GREAVES, Minister of Trade, Industry and Commerce
View the documentBarbados-EEC cooperation
View the documentKey facts on Barbados
View the documentBarbados then, and Barbados now

Key facts on Barbados


Barbados

Area and Geography:

430 sq km. Of coral origin. The most easterly of the Caribbean islands.

Brief history:

settled by the British in 1627, remained a British colony until 1966 when it became independent.

Population:

250 000, half of which live in or around Bridgetown; rate of growth 0.6%; overall density approximately 600 persons per sq km; literacy rate 98 %.

Capital:

Bridgetown.

Government:

Multiparty democracy, the second oldest Parliament outside of England. Parliament is made up of an elected Lower House of 27 persons and Senate of 21 appointed persons. The Head of State is the Queen represented by a Governor-General



Mainstay of the


economy:

tourism, sugar and manufacturing.

Currency:

Barbados dollar (BD$ = US 50 cents.

Exports:

Mainly sugar, molasses and syrup, rum, food and beverages, clothing, chemicals.

Import:

Manufactured goods, machines and equipment.

Main trading


partners:

CARICOM, United States, Canada and The European Community (particularly the UK and West Germany).



Balance of


visible trade (1989):

- BD $ 979.9 million.

Overall balance


of payments (1989):

- BD $ 70 million.

Gross Domestic Product: BD$ 2.9 billion; rate of growth (1989) 3.5%.


GDP per capita (1989):

BD $ 11 270 or US $ 5 636.

Foreign debt:

BD $ 817.1 m (as at end December 1989). Total foreign debt servicing in 1989, BD $ 210.9 m.