Unemployment Rate in Barbados decreased to 8.90 percent in the fourth quarter of 2019 from 9.50 percent in the third quarter of 2019.

Unemployment Rate in Barbados averaged 10.50 percent from 2008 until 2019, reaching an all time high of 13.20 percent in the second quarter of 2014 and a record low of 7.60 percent in the fourth quarter of 2008. This page provides - Barbados Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Barbados Unemployment Rate - values, historical data and charts - was last updated on July of 2020.

Unemployment Rate in Barbados is expected to be 9.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Barbados to stand at 10.30 in 12 months time. In the long-term, the Barbados Unemployment Rate is projected to trend around 10.30 percent in 2021 and 10.10 percent in 2022, according to our econometric models.

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Barbados Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.90 9.50 13.20 7.60 2008 - 2019 percent Quarterly

Barbados Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.90 9.50 13.20 7.60 percent [+]
Unemployed Persons 12.30 13.50 19.10 0.00 Thousand [+]
Employed Persons 126.00 129.00 136.70 89.00 Thousand [+]