KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 40.7% (BBD3,290.7 mn or US$1,645.3 mn) in 2008 to 44.1% (BBD5,852.1 mn or US$2,926.0 mn) by 2018.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 63,000 jobs in 2008, 45.8% of total employment or 1 in every 2.2 jobs to 76,000 jobs, 50.2% of total employment or 1 in every 2.0 jobs by 2018.

Growth
Real GDP growth for Travel & Tourism economy is expected to be 1.2% in 2008 and to average 3.6% per annum over the coming 10 years.

Exports
Export earnings from international visitors and tourism goods are expected to generate 48.2% of total exports (BBD2,133.7 mn or US$1,066.8 mn) in 2008, growing (nominal terms) to BBD4,4042.1 mn or US$2,021.1 mn (50.1%) of total in 2018.

WORLD RANKING

The Barbados Travel & Tourism economy is ranked number:

• 112 in absolute size worldwide
• 8 in relative contribution to national economies
• 139 in long-term (10-year) growth

(176 countries are estimated by WTTC / OE)