Gross national income per capita in Barbados from 2010 to 2020 (in U.S. dollars)
| Characteristic | Income per capita in U.S. dollars |
|---|---|
| 2020 | 14,460 |
| 2019 | 17,380 |
| 2018 | 16,700 |
| 2017 | 16,070 |
Contents
What is a good salary in Barbados?
THE “typical Barbadian” is paid between $200 and $499 each week, works for a company that provides “personal and miscellaneous services”, and spends a third of his earnings on food.
What is the lowest salary in Barbados?
The Barbados minimum wage rate us BDS$6.25 per hour for household domestics and shop assistants. This rate is recommended as the de facto minimum wage for all industry by the Ministry of Labor.
Is Barbados considered a poor country?
The country’s poverty levels have been at an all-time high since 2006. A study from 1998 described the poverty line in Barbados as BDS$ 5,503 per capita per year.Barbados currently has the lowest poverty rate in the Caribbean region as of 2007, but the rate is still significantly high at 14 percent.
What is the highest salary in Barbados?
The salary range for people working in Barbados is typically from 1,980.00 BBD (minimum salary) to 6,890.00 BBD (highest average, actual maximum salary is higher).
Is it cheap to live in Barbados?
Cost of living in Barbados is, on average, 35.04% higher than in United States. Rent in Barbados is, on average, 46.33% lower than in United States.
How much is rent in Barbados?
Renting a one-bedroom apartment in the city center costs 1,083.33 BBD ($541.67) per month or 2,125 BBD ($1,062.50) for a three-bedroom apartment. Outside the city center, the prices drop down significantly to 830 BBD ($415) and 1,700.00 BBD ($850) for one- and three-bedroom apartments, respectively.
Why is Barbados so expensive?
At this point you may be asking why Barbados is so expensive? One of the main reasons is because the majority of produce is imported from the US and even from the UK. If you do go down the self-catering route, we suggest grabbing your groceries at the Jordans supermarket chain, which is where the Bajans shop.
The salary range for people working in Barbados in Medicine & Social Care is typically from 1,909.00 BBD (minimum salary) to 5,501.00 BBD (highest average, actual maximum salary is higher).
How much does a waitress make in Barbados?
How much does a Waiters in Barbados make? The highest salary for a Waiters in Barbados is BBD 9 per month. The lowest salary for a Waiters in Barbados is BBD 9 per month.
Who is richer Jamaica or Barbados?
make 2.0 times more money
Jamaica has a GDP per capita of $9,200 as of 2017, while in Barbados, the GDP per capita is $18,600 as of 2017.
What are problems in Barbados?
Barbados is a democracy that regularly holds competitive elections and upholds civil liberties. Challenges include official corruption and a lack of government transparency, discrimination against lesbian, gay, bisexual, transgender, and related communities, violent crime, and poverty.
How rich is Barbados?
Economy of Barbados
| Statistics | |
|---|---|
| GDP | $5.087 billion (nominal, 2018) $5.344 billion (PPP, 2018) |
| GDP growth | 2.5% (2016) 0.5% (2017) −0.6% (2018) −0.1% (2019) -7.6% (2020) |
| GDP per capita | $17,758 (nominal, 2018) $18,655 (PPP, 2018) |
| GDP by sector | agriculture: 1.5% industry: 9.8% services: 88.7% (2017 est.) |
What jobs are in high demand in Barbados?
Top 10 in-demand jobs in the Caribbean
- Sales.
- Web Developers.
- Cyber Security Specialists.
- Project Manager.
- Health & Safety Officers.
- Nurses & Healthcare Associates.
- Online Marketers/ Content Creators.
- Education Specialists.
How much money does an accountant make in Barbados?
A mid-career Accountant with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of Bds$66,000 based on 4 salaries. An experienced Accountant with 10-19 years of experience earns an average total compensation of Bds$60,000 based on 5 salaries.
How much money do teachers make in Barbados?
Teacher Salaries
| Job Title | Salary |
|---|---|
| Ministry of Education Science Technology and Innovation Teacher salaries – 2 salaries reported | BBD 4,896/mo |
| Government of Barbados Teacher salaries – 1 salaries reported | BBD 3,500/mo |
| Ursuline College Teacher salaries – 1 salaries reported | BBD 50,000/yr |
Is Barbados a good place to live?
Having said that, Barbados is a beautiful place to live with a vibrant, friendly culture, and many expats are very happy making their homes there. It is important before moving, however, to do your homework and decide whether Barbados – or indeed any country – is the right destination for you.
What is the crime rate in Barbados?
Barbados crime rate & statistics for 2017 was 10.48, a 36.16% increase from 2016.
Barbados Crime Rate & Statistics 1990-2021.
| Barbados Crime Rate & Statistics – Historical Data | ||
|---|---|---|
| Year | Per 100K Population | Annual % Change |
| 2018 | 9.77 | -6.80% |
| 2017 | 10.48 | 36.16% |
| 2016 | 7.70 | -29.15% |
Is it safe to live in Barbados?
Is Barbados Safe? The island has one of the lowest crime rates in the Caribbean. The friendly Royal Police Force has a visible presence around residential and tourist areas giving extra security.While you should take standard precautions, the island is considered a safe destination for tourists and Expats.
Is Barbados rich or poor?
Barbados is the wealthiest and one of the most developed countries in the Eastern Caribbean and enjoys one of the highest per capita incomes in the region. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities.
Who owns Barbados Island?
Barbados swears in its own president as head of state as Caribbean island distances itself from colonial past. Barbados has become a republic, replacing the British monarch as its head of state and severing its last remaining colonial bonds nearly 400 years after the first English ships arrived at the Caribbean island.
