The Central Bank of Barbados reports a 3.9 percent increase in the country’s economic performance with a further 3.8 percent growth by year end.
Central Bank Governor Dr. Kevin Greenidge highlighted this, as he delivered his review of the economy for the first nine months where he also stressed that the reserves reached a record high at 3.2 billion dollars at the end of September and the country’s unemployment rate falling to 7.7 percent down from 8.5 percent.
He added that country recorded a fiscal surplus of 5 hundred and 81.9 million dollars or 4 percent of GDP.
Dr. Greenidge pegged the country’s sustained growth on the strong tourism sector despite a slight decline in arrivals from the UK market
The Central bank Governor also reported growth in the non-tourism sectors but noted declines in the agriculture sector.
Central Bank Governor Dr. Kevin Greenidge
