Evaluating the market in Barbados

We can help you get a better understanding of market activity, relationships and support to grow your business.

Business environment in Barbados

Barbados is currently facing a precarious economic and financial period. The newly elected government is facing insolvency given the high level of public debt. Foreign exchange reserves are at critically low levels, representing just over one month of import cover. This challenges the country’s currency and raises the financial risk of a run on the currency. The government will need to enact fiscal consolidation measures and implement structural reforms to support future economic growth. The commercial environment is expected to be negatively affected by a potential domestic debt restructuring scenario, with IMF assistance to the banking system likely necessary.
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Power

You should also check out

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.


Or send us a question and we'll get back to you as soon as possible. Send a question

Karicia Quiroz

Senior Trade Advisor, EDC

Karicia Quiroz  Senior Trade Advisor, EDC