Barbados: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 6.9 percent as of Q1 2024, a decline compared to the previous value of 8.2 percent. Historically, the average for Barbados from Q4 2000 to Q1 2024 is 10.2 percent. The minimum of 6.7 percent was recorded in Q4 2007, while the maximum of 17.85 percent was reached in Q3 2020.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: The Central Bank of Barbados
| Recent values | Barbados: Unemployment rate, percent |
|---|---|
| 2024 Q1 | 6.9 |
| 2023 Q4 | 8.2 |
| 2023 Q3 | 8.3 |
| 2023 Q2 | 8.5 |
| 2023 Q1 | 8.9 |
| 2022 Q4 | 7.2 |
| 2022 Q3 | 7.1 |
| 2022 Q2 | 9.3 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 0.14 | 2023 | million people |
| Unemployment rate | 7.95 | 2023 | percent |
| Female unemployment | 6.93 | 2023 | percent |
| Male unemployment | 8.96 | 2023 | percent |
| Youth unemployment | 24.87 | 2023 | percent |
| Labor force participation | 62.03 | 2023 | percent |
| Labor force: percent female | 49.61 | 2023 | percent |
| Female labor force participation | 58.50 | 2023 | percent |
| Male labor force participation | 65.95 | 2023 | percent |
| Self-employment | 20.46 | 2022 | percent |
| Informal employment | 62.20 | 2016 | percent |
| Employment | 0.12 | Q1/2024 | million employed people |
| Unemployment rate | 6.90 | Q1/2024 | percent |