Unemployment Rate in Barbados decreased to 7.10 percent in the third quarter of 2024 from 7.70 percent in the second quarter of 2024. This dataset provides - Barbados Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the unemployment rate in Barbados amounted to 7.53 percent. Between 1991 and 2024, the figure dropped by 14.79 percentage points, though the decline followed an uneven course rather than a steady trajectory.

In 2024, the youth unemployment rate in Barbados amounted to 23.73 percent. Between 1991 and 2024, the figure dropped by 17.07 percentage points, though the decline followed an uneven course rather than a steady trajectory.

Graph and download economic data for Youth Unemployment Rate for Barbados (SLUEM1524ZSBRB) from 1991 to 2024 about Barbados, 15 to 24 years, unemployment, and rate.

Historical dataset showing Barbados unemployment rate by year from 1991 to 2024.

Unemployment, total (% of total labor force) (modeled ILO estimate) in Barbados was reported at 7.529 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Barbados - Unemployment, total - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Barbados BB: Unemployment Rate data was reported at 8.413 % in 2019. This records an increase from the previous number of 8.322 % for 2018. Barbados BB: Unemployment Rate data is updated yearly, averaging 10.553 % from Dec 1976 (Median) to 2019, with 44 observations. The data reached an all-time high of 24.662 % in 1993 and a record low of 7.230 % in 1981. Barbados BB: Unemployment Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

Historical dataset showing Barbados youth unemployment rate by year from 1991 to 2024.

Barbados: Unemployment rate forecast: The latest value from 2030 is 7.68 percent, an increase from 7.65 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Barbados from 1981 to 2030 is 12.37 percent. The minimum value, 7.43 percent, was reached in 2007 while the maximum of 24.41 percent was recorded in 1993.

Barbados BB: Unemployment Rate: % Change data was reported at -9.091 % in 2016. This records an increase from the previous number of -10.387 % for 2015. Barbados BB: Unemployment Rate: % Change data is updated yearly, averaging -2.793 % from Dec 1986 (Median) to 2016, with 31 observations. The data reached an all-time high of 45.333 % in 1991 and a record low of -21.264 % in 1989. Barbados BB: Unemployment Rate: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

Barbados: Unemployment rate: The latest value from 2024 is 7.53 percent, a decline from 7.88 percent in 2023. In comparison, the world average is 6.80 percent, based on data from 176 countries. Historically, the average for Barbados from 1991 to 2024 is 11.82 percent. The minimum value, 7.41 percent, was reached in 2007 while the maximum of 24.54 percent was recorded in 1993.

barbados - Youth Unemployment Rate for Barbados was 23.73% in January of 2024, according to the United States Federal Reserve. Historically, barbados - Youth Unemployment Rate for Barbados reached a record high of 29.97 in January of 2020 and a record low of 23.73 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for barbados - Youth Unemployment Rate for Barbados - last updated from the United States Federal Reserve on September of 2025.

Unemployment, youth male (% of male labor force ages 15-24) (modeled ILO estimate) in Barbados was reported at 27.49 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Barbados - Unemployment, youth male (% of male labor force ages 15-24) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Barbados BB: Unemployment Rate: % Change over Previous Period data was reported at 0.847 % in Jun 2015. This records a decrease from the previous number of 2.609 % for Mar 2015. Barbados BB: Unemployment Rate: % Change over Previous Period data is updated quarterly, averaging 0.000 % from Jun 1992 (Median) to Jun 2015, with 93 observations. The data reached an all-time high of 32.895 % in Mar 2009 and a record low of -23.270 % in Dec 1997. Barbados BB: Unemployment Rate: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Labour Force, Employment and Unemployment: Quarterly.

Time series data for the statistic Unemployment_Rate and country Barbados. Indicator Definition:Unemployment refers to the share of the labor force that is without work but available for and seeking employment.The statistic "Unemployment Rate" stands at 7.53 percent as of 12/31/2024, the lowest value since 12/31/2008. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.349 percentage points compared to the value the year prior.The 1 year change in percentage points is -0.349.The 3 year change in percentage points is -1.90.The 5 year change in percentage points is -0.883.The 10 year change in percentage points is -4.64.The Serie's long term average value is 11.82 percent. It's latest available value, on 12/31/2024, is 4.29 percentage points lower, compared to it's long term average value.The Serie's change in percentage points from it's minimum value, on 12/31/2007, to it's latest available value, on 12/31/2024, is +0.119.The Serie's change in percentage points from it's maximum value, on 12/31/1993, to it's latest available value, on 12/31/2024, is -17.01.

This scatter chart displays death rate (per 1,000 people) against unemployment (% of total labor force) in Barbados. The data is about countries per year.

Barbados BB: Unemployment Rate: % Change over Previous Period data was reported at -9.091 % in 2016. This records an increase from the previous number of -10.387 % for 2015. Barbados BB: Unemployment Rate: % Change over Previous Period data is updated yearly, averaging -2.793 % from Dec 1986 (Median) to 2016, with 31 observations. The data reached an all-time high of 45.333 % in 1991 and a record low of -21.264 % in 1989. Barbados BB: Unemployment Rate: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

This scatter chart displays unemployment (% of total labor force) against birth rate (per 1,000 people) in Barbados. The data is about countries per year.

This scatter chart displays fertility rate (births per woman) against unemployment (% of total labor force) in Barbados. The data is filtered where the date is 2021. The data is about countries per year.

This dataset is about countries per year in Barbados. It has 64 rows. It features 4 columns: country, unemployment, and death rate.