Industries

The Barbados economy is comprised of enterprises engaged in a variety of business activities in many industries. The major contributors to the Barbados economy are the service sector. The sector includes, among others, government services, tourism services, and finance and business services. The finance and business services industry is the largest component of GDP by industry since it accounts for 31.0 per cent of GDP.

This section of BusinessBarbados.com explores these major industries providing where available a summary of the industry editor’s perspective of that industry today New and emerging developments in the sector (policy changes, new technology, new investments, recent stories and important developments and updates of interest about the sector).

Rolling the Barbados Wicket for Real Estate Growth

Barbados is on the cusp of a new wave of development, driven by all of these very positive initiatives and encouraged by a well-managed business friendly economy, a competitive low tax environment and all of the island’s many natural attributes. The next few years promise to be exciting times.

High Net Worth Individuals
Barbados is ‘Moving On’

"Barbados remains the Caribbean’s most attractive tourist and second- home destination. It has also become a place where wealthy people want to spend more than just the winter months. The opportunity to invest in a house or business and achieve residency is real. In the past five years, many high net worth families have become Barbadian residents."

Into the Blue: New Investor Opportunities

As a small green dot in a big blue ocean, Barbados has built a reputation for managing increasingly finite resources while having the fourth highest population density in this hemisphere.

Barbados blue economy
Medicinal Cannabis in Barbados – An Industry Poised for Growth

...this dynamic and sophisticated sector can be a catalyst in creating new jobs, new opportunities for local businesses and new revenues for the government. The legalization of medicinal cannabis also presents great opportunity for international investors.

Medicinal Cannabis in Barbados
Accelerating Barbados’ Digital Transformation

The results at CivTech have been remarkable. Not only is it producing solutions to public sector problems that help efficiencies, reduce costs and make lives better, it’s also triggering new businesses, new jobs, and new revenues - and for the right products, new markets on a worldwide basis.

USB Stick
Barbados: A Global Business Centre

For several decades Barbados has stood as an international business and financial services centre of choice

Pride of Barbados illustration
Barbados Embraces Fintech

Barbados too is making steady strides. The country has remained on a positive trajectory while it continues to further stabilise and transform its economy and business sector.

Central Bank of Barbados

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