Unemployment Rate in Barbados decreased to 13.60 percent in the fourth quarter of 2020 from 17.90 percent in the third quarter of 2020. source: Central Bank Of Barbados

Unemployment Rate in Barbados averaged 10.71 percent from 2008 until 2020, reaching an all time high of 17.90 percent in the third quarter of 2020 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 June of 2021.

Unemployment Rate in Barbados is expected to be 12.00 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 11.00 in 12 months time. In the long-term, the Barbados Unemployment Rate is projected to trend around 10.10 percent in 2022 and 9.50 percent in 2023, according to our econometric models.

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Barbados Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.60 17.90 17.90 7.60 2008 - 2020 percent Quarterly

Barbados Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.60 17.90 17.90 7.60 percent [+]
Unemployed Persons 18.50 22.80 22.80 0.00 Thousand [+]
Employed Persons 117.60 105.00 136.70 89.00 Thousand [+]