Updated: Thu, Jul 29th, 2010 4:17pm.
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Economic Stability

Since independence in 1966 Barbados has created a sustainable economic platform based on significant investments in:

  1. its people (including free education up to tertiary level)
  2. Physical infrastructure (utilities, ports etc.)
  3. Engagement in global trade in goods and services (tourism, business and financial services etc.)

In 1975 the Barbadian dollar was changed to a new fixed / constant rate of exchange rate with the US$ with the rate being changed to present day US$1 = BDS$2.00 (BDS$1.00 = US$0.50).

The following charts are indicative of the stable and steady economic progress Barbados has made over the last several years.

Articles

Sir Courtney Blackman

The Barbados Economy At The Cross Roads

An Alternative Perspective
Mar 30, 2010
Sir Courtney N. Blackman, PhD 

Mr. Arthur's speech is important for three reasons: (1) He is a talented politician, (2) a formidable economic technician, and (3) his record as manager of the Barbadian economy over 14 years is one of which he need not be ashamed. However, whereas Mr. Arthur speaks simultaneously as an economist and a politician, my training and experience have been in the fields of Management and Economics, in that order. I will therefore stay away from politics, and focus on economic and managerial issues. And let me make it clear: I speak for no political party, and am solely responsible for what follows.

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Notres From a Native Son

Mar 03, 2010
Hal Austin 

The problem with crafting a new and dynamic immigration policy is that by definition it cannot be one-dimensional in that it impacts on the internal security of the nation, crime, national culture, public language, religion, taxation, financial system and the other broad areas of public policy and social cohesion.

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Peter Boos FCA

The Barbados Economy in 2010

Jan 18, 2010
Peter N Boos 

"The projections for the Barbadian economy in 2010 are clouded by uncertainty about the pace and robustness of the recovery in the North American and European markets on which Barbados' tourism and international financial and business sectors depend. Although Barbados has a strong showing in the higher income segments, which should be among the earliest to recover, prospects are for a small decline in real domestic output in 2010, based on the international economic projections currently available from the IMF and other international organisations."

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Mr. Keith Miller

Close Brothers

Dec 10, 2009
Keith Miller 

Close Brothers Group Plc, which ranks in the Top 200 listed companies in the United Kingdom, is the oldest, independent merchant bank currently listed on the London Stock Exchange. Founded by William Brooks Close in 1878, Close Brothers Group Plc has a long and distinguished history, generally characterised by an innovative, entrepreneurial approach to the provision of financial services. Over the course of time, Close has established a strong reputation for independence and integrity and the company has successfully established market leadership in several specialist areas.

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