Barbados Economy Performs Favourably In Q1 2022

Barbados has recorded 11.8% growth in Gross Domestic Product (GDP) for the first quarter of 2022.

This is according to Governor of the Central Bank of Barbados, Cleviston Haynes, who recently presented the country's economic review for January to March 2022.

Barbados' economic growth was bolstered mainly by tourism, which recorded the highest levels of long-stay arrivals to the country since the beginning of the pandemic, although not yet back to pre-Covid levels. The production of goods for export markets also contributed to the increased GDP. Other sectors that experienced growth during the first quarter of this year included the manufacturing and agriculture sectors, which experienced increased growth of 5.4% and 3% respectively.