Barbados’ economic growth slows to 1.4%

Barbados’ economy grew by 1.4 per cent during the first nine months of 2026, down from 2.3 per cent over the corresponding period last year.

Central Bank Governor Dr Kevin Greenidge reported the slowdown on Wednesday, as tourism activity weakened while unemployment increased from 6.1 per cent to 6.6 per cent over the year to June.

Inflation stood at 1.5 per cent in July, while international reserves remained at $2.8 billion and public debt stood at 93.6 per cent of GDP.

The Central Bank has also lowered its economic growth forecast for 2026.

More details to come.