Barbados
Barbados is a small island nation located in the Caribbean region of North America, situated in the eastern part of the West Indies. As the easternmost Caribbean island, it is known for its stunning coral beaches, tropical climate, and rich cultural...
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With a safety index of 55/100, Barbados offers moderate safety conditions for expats and their families.
Barbados offers visa-free entry for citizens of most countries, including the United States, Canada, United Kingdom, Australia, and EU member states, for tourism and business purposes. Visitors from visa-exempt countries can stay for up to 180 days without requiring an advance visa.[6] However, all international visitors must meet specific entry requirements: a valid passport (valid for the duration of stay), a valid return or onward ticket, and completion of Barbados' mandatory online Immigration and Customs form available at travelform.gov.bb, which...
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15% below EU avg
Baselines based on EU averages. Source: Numbeo indices.
Capital
Bridgetown
Timezone
UTC-04:00
Area
430 km²
Population
287,371
GDP
$5.64B
HDI
0.8
Quality of Life
N/A
NYC baseline: 43
Purchasing Power
N/A
NYC baseline: 42
Understanding the economic landscape is essential for evaluating living costs and opportunities in Barbados. This comprehensive overview covers key financial indicators including cost of living, housing markets, income levels, and fiscal policies that shape daily life and long-term financial planning.
Cost of Living Index
Expensive living costs with Groceries Index at 74.8 and Restaurant Price Index at 72.8 (NYC=100). Rent Index of 25.7 offers some relief, but overall high for expats.
Housing Market
Property prices average 14.3 years of household income, indicating expensive market. Rent Index of 25.7 is relatively more affordable.
Average Income Levels
Purchasing Power Index N/A; GNI per capita around $25,000 USD suggests below-average buying power amid high costs. Unemployment at 7.1% in 2024.
Tax System
Progressive personal income tax up to 33.5% for high earners in 2024; corporate tax increased recently contributing to fiscal surplus. VAT at 17.5% with some exemptions.
Business Environment
Solid growth at 4.0% real GDP in 2024 driven by tourism and services; fiscal consolidation and low inflation (1.4%) support environment. No recent World Bank ease of doing business rank available.
Social Security
National Insurance Scheme provides pensions, sickness, unemployment, and maternity benefits with broad coverage. Public healthcare accessible but quality varies; HDI 0.79 reflects decent social indicators.
Barbados, a small Caribbean island nation spanning just 430 km², features a uniform tropical climate ideal for residents and expats seeking year-round warmth. Predominantly classified as Tropical monsoon (Am) under Köppen, with some areas as Tropical savanna (Aw), it offers stable temperatures averaging 26-28°C annually, moderated by northeast trade winds.
3 distinct climate regions — see full guide for details
Read full guideLife Expectancy
78.0
Population
287,371
Religions
Ethnic Composition
Research in Progress
We're currently analyzing expat perspectives for Barbados. Check back soon for insights from real experiences!
We're gradually rolling out this feature and continuously improving the insights. The data is based on real expat discussions and will become more comprehensive over time.
Barbados is a parliamentary republic with President Dame Sandra Mason as head of state and Prime Minister Mia Mottley leading the government since 2018. The Barbados Labour Party dominates parliament with a near-total majority following 2024 elections, prompting constitutional reform debates. The bicameral legislature operates under the Westminster system with roots in English common law.
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Data Source: Safety, crime, and quality metrics are sourced from Numbeo, a crowd-sourced global database of reported data.
All scores are relative comparisons on a 0-100 scale, where 50 = global average. Higher scores mean better than average, lower scores mean worse than average.





