2021
Flag  
GDP
$8.04BCURRENT US$
Rnk 152 / 204
2011-2021
Flag
GDP GROWTH
118%CURRENT US$
Rnk 10 / 204
2021
Flag
 GDP
$4.84BCURRENT US$
Rnk 161 / 204
2011-2021
Flag
GDP GROWTH
4%CURRENT US$
Rnk 156 / 204
2021
Flag
GDP PC 
$9,999CURRENT US$
Rnk 87 / 204
2011-2021
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 6 / 204
2021
Flag
GDP PC
$17,225CURRENT US$
Rnk 67 / 204
2011-2021
Flag
GDP PC GROWTH
1.88%CURRENT US$
Rnk 138 / 204

About

Guyana-Barbados In 2021, Guyana exported $283M to Barbados. The main products that Guyana exported to Barbados are Crude Petroleum ($276M), Rice ($1.87M), and Hard Liquor ($1M). During the last 24 years the exports of Guyana to Barbados have increased at an annualized rate of 15.5%, from $8.89M in 1997 to $283M in 2021.

In 2021, Guyana did not export any services to Barbados.

Barbados-Guyana In 2021, Barbados exported $28.8M to Guyana. The main products that Barbados exported to Guyana were Cement ($12.1M), Petroleum Coke ($2.15M), and Bitumen and asphalt ($1.78M). During the last 24 years the exports of Barbados to Guyana have increased at an annualized rate of 5.41%, from $8.13M in 1997 to $28.8M in 2021.

In 2021, Barbados did not export any services to Guyana.

Comparison In 2021,  Guyana ranked 122 in total exports ($4.89B). That same year, Barbados ranked 171 in total exports ($357M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Guyana exported $283M to Barbados. The main products exported from Guyana to Barbados were Crude Petroleum ($276M), Rice ($1.87M), and Hard Liquor ($1M). During the last 24 years the exports of Guyana to Barbados have increased at an annualized rate of 15.5%, from $8.89M in 1997 to $283M in 2021.

In 2021, Barbados exported $28.8M to Guyana. The main products exported from Barbados to Guyana were Cement ($12.1M), Petroleum Coke ($2.15M), and Bitumen and asphalt ($1.78M). During the last 24 years the exports of Barbados to Guyana have increased at an annualized rate of 5.41%, from $8.13M in 1997 to $28.8M in 2021.

Exports from Guyana (Flag) to Barbados (Flag) (2021)

Exports from Barbados (Flag) to Guyana (Flag) (2021)

Latest Data

Trade between Guyana (Flag) and Barbados (Flag)

Guyana Exports

Barbados Exports

Market Competitiveness

Color
Guyana
Top Destination
United States$1.94B
Barbados
Top Destination
United States$70.4M

This map shows whether countries import more from Guyana or Barbados. Each country is colored based on the difference in imports they receive from Guyana and Barbados or the difference in the growth in imports.

In 2021, countries that imported more from Guyana than Barbados were United States ($1.94B), Singapore ($701M), and United Arab Emirates ($294M).

In 2021, countries that imported more from Barbados than Guyana were Saint Lucia ($17.3M), Antigua and Barbuda ($10.6M), and Grenada ($11.4M).

Difference in imports from Barbados (Flag) and Guyana (Flag) (2021)

Comparative Advantage Guyana - Barbados

Flow
Scale

This chart compares trade between Guyana and Barbados by product, considering products traded by both, Guyana and Barbados.

During 2021, Guyana had a large net trade with Barbados in the exports of Mineral Products ($276M), Vegetable Products ($2.47M), and Foodstuffs ($1.74M).

During 2021, Barbados had a large net trade with Guyana in the exports of Mineral Products ($16M), Foodstuffs ($3.45M), and Paper Goods ($2.43M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guyana has comparative advantage over Barbados. Similarly, the more yellow a dot/product is, the more Barbados has comparative advantage over Guyana.

Product Space of Guyana (Flag) and Barbados (Flag) (2021)

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