KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 48.1% (BBD3,598.0mn or US$1,799.0mn) in 2010 to 49.0% (BBD6,292.1mn or US$3,146.1mn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 73,000 jobs in 2010, 53.3% of total employment or 1 in every 1.9 jobs to 84,000 jobs, 54.7% of total employment or 1 in every 1.8 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -1.8% in 2010 and to average 3.3% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 47.1% of total exports (BBD2,234.9mn or US$1,117.4mn) in 2010, growing (nominal terms) to BBD4,00.3mn or US$2,000.1mn (45.6% of total) in 2020.

Investment
Travel & Tourism investment is estimated at BBD1,112.4mn, US$556.2mn or 54.8% of total investment in 2010. By 2020, this should reach BBD1,861.0mn, US$930.5mn or 59.7% of total investment.

WORLD RANKING

The Barbados Travel & Tourism economy is ranked number:

• 104 in absolute size worldwide
• 6 in relative contribution to national economies
• 153 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)