of sugarcane andrelated activities. In recent years, however, the economy has diversified
into manufacturing and tourism. The tourist industry is now a major employer
of the labor force and a primary source of foreign exchange. The economy
slowed in 1990-91, however, and Bridgetown's declining hard currency
reserves and inability to finance its deficits have caused it to adopt an
austere economic reform program.
GDP:
purchasing power equivalent - $1.7 billion, per capita $6,500; real growth
rate—3.1% (1990)
Inflation rate (consumer prices):
3.4% (1990)
Unemployment rate:
18% (1991)
Budget:
revenues $514 million; expenditures $615 million (FY91-92)
Exports:
$210.6 million (f.o.b., 1990)
commodities:
sugar and molasses, chemicals, electrical components, clothing, rum,
machinery and transport equipment
partners:
CARICOM 30%, US 20%, UK 20%
Imports:
$704 million (c.i.f., 1990)
commodities:
foodstuffs, consumer durables, raw materials, machinery, crude oil,
construction materials, chemicals
partners:
US 35%, CARICOM 13%, UK 12%, Japan 6%, Canada 8%, Venezuela 4%
External debt:
$539.9 million (1990)
Industrial production:
growth rate—2.7% (1990); accounts for 14% of GDP
Electricity:
152,100 kW capacity; 539 million kWh produced, 2,117 kWh per capita (1991)
Industries:
tourism, sugar, light manufacturing, component assembly for export
Agriculture:
accounts for 10% of GDP; major cash crop is sugarcane; other crops -
vegetables and cotton; not self-sufficient in food
Economic aid:
US commitments, including Ex-Im (FY70-89), $15 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $171 million
Currency:
Barbadian dollars (plural - dollars); 1 Barbadian dollar (Bds$) = 100 cents
Exchange rates:
Barbadian dollars (Bds$) per US$1 - 2.0113 (fixed rate)
Fiscal year:
1 April - 31 March
:Barbados Communications
Highways:
1,570 km total; 1,475 km paved, 95 km gravel and earth
Ports:
Bridgetown
Merchant marine:
2 cargo ships (1,000 GRT or over) totaling 3,200 GRT/7,338 DWT
Civil air:
no major transport aircraft
Airports:
1 with permanent-surface runways 2,440-3,659 m
Telecommunications:
islandwide automatic telephone system with 89,000 telephones; tropospheric
scatter link to Trinidad and Saint Lucia; broadcast stations - 3 AM, 2 FM, 2
(1 is pay) TV; 1 Atlantic Ocean INTELSAT earth station
:Barbados Defense Forces
Branches:
Royal Barbados Defense Force, Coast Guard, Royal Barbados Police Force
Manpower availability:
males 15-49, 69,678; 48,803 fit for military service, no conscription
Defense expenditures:
exchange rate conversion - $10 million, 0.7% of GDP (1989)
:Bassas da India Geography
Total area:
NA
Land area:
undetermined
Comparative area:
undetermined
Land boundaries:
none
Coastline:
35.2 km
Maritime claims:
Contiguous zone:
12 nm
Continental shelf:
200 m (depth) or to depth of exploitation
Exclusive economic zone:
200 nm
Territorial sea:
12 nm
Disputes:
claimed by Madagascar
Climate:
tropical
Terrain:
a volcanic rock 2.4 m high
Natural resources:
none
Land use:
arable land 0%; permanent crops 0%; meadows and pastures 0%; forest and
woodland 0%; other
