Some 18,000 people work in the retail sector.Livestock rearing isn't a major occupation in Barbados, chiefly because good pasture has always been scarce & imported animal feed is expensive. There are few large brand-name hotels, which makes marketing the island in the United States difficult. Roundwood production in 2000 totalled 5,000 cu m (176,500 cu ft), and imports amounted to 3,000 cu m (106,000 cu ft). The public service remains Barbados' largest single employer. The Gross Domestic Product (GDP) in Barbados was worth 5.21 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. We have provided a few examples below that you can copy and paste to your site:Your image export is now complete. A cement factory is located in St. Lucy.Informatics employed almost 1,700 workers in 1999, about the same number as the sugar industry. Barbados went into a deep recession in the 1990s after 3 years of steady decline brought on by fundamental macroeconomicimbalances. Poultry production in 1999 included 9,000 tons of meat and 1,000 tons of hen eggs. The industrial production growth rate was -3.2%.Retailing is an important economic activity, especially in Bridgetown where there are large department stores and supermarkets. Barbados gdp … As of 2001, it had a labor force of 128,500, of which 10% were in agriculture, 15% in industry, and 75% in services (1996 est.). 9.6% Inflation (CPI): Estimates for 1999 showed 23,000 head of cattle, 41,000 sheep, 33,000 hogs, 5,000 goats, and 4,000,000 chickens. Every individual between the ages of 16 and 65, who is employed in Barbados must be insured under the National Insurance and Social Security Act and contributions are determined as a percentage of insurable earnings up to a maximum of $4,090 per month or $944 per week up to 13.5% (6.5% from employee and 6.5% from employer).Barbados has several bilateral tax treaties, mostly aimed at removing double taxation on companies that operate in the Barbados economy. Hydraulic cement production totalled 267,659 tons in 2000, up from 106,515 in 1996.In 2010 Barbados' population was tabulated at some 281,968 with 80% at working age yet less than half (106,241 or 38%) were actually registered as employed.The fishing industry employs about 2,000 persons, and the fleet consists of more than 500 powered boats. GDP per capita is gross domestic product divided by midyear population. $5.3 billion 0.7% 5-year compound annual growth

At least 10 percent of the working population (some 13,000 people) are employed in this sector, which offers a range of tourist accommodations from luxury hotels to modest self-catering establishments. GDP per capita of Barbados increased from 11,337 US dollars in 2000 to 18,069 US dollars in 2019 growing at an average annual rate of 2.57%. The island must import large quantities of meat and dairy products. Cruise ship visitors totalled 445,821 in 1999, a reduction from 517,888 in 1997, but stay-over visitors rose to 517,869 in 1999, setting a new record. 3.6% FDI Inflow: The GDP is composed of the following sectors: agriculture 6%, industry 16%, and services 78% (2000 est.).

Countries that Barbados has taxation agreements with include:A problem in Barbados is that tourist facilities are too densely concentrated on the south coast, which is highly urbanised, while the Atlantic coast—with a rugged shoreline and large waves—is not suitable for beach tourism. The unemployment rate in 2003 was 10.7%, and the inflation rate in 2007 was 5.5%.

In 2000, Barbados imported $35.3 million in wood and forest products.The island continues to wean off of taxes outside of the VAT system. The Barbadian government had estimated revenues of $847 million (including grants) in 2000, and expenditures of $886 million. In 2019, GDP per capita for Barbados was 18,069 US dollars.

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