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In the 1990s, tourism and manufacturing surpassed the sugar industry in economic importance. Barbados became a republic in 2021, with the former Governor-General Sandra MASON elected as the first president.
Barbados is the wealthiest and one of the most developed countries in the Eastern Caribbean and enjoys one of the highest per capita incomes in the region. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities.
By 1720, the island was no longer a dominant force within the sugar industry, having been surpassed by the Leeward Islands and Jamaica. Social and political reforms in the 1940s and 1950s led to independence from the UK in 1966. In 2021, Barbados became a republic.
US State Dept Travel Advisory. The US State Department currently recommends US citizens exercise normal precautions in Barbados. https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories.html.
In the 1990s, tourism and manufacturing surpassed the sugar industry in economic importance. Barbados became a republic on 30 November 2021, with the former Governor-General Sandra MASON elected as the first president. Barbados plans to create a new constitution in 2022.
largest Eastern Caribbean economy; dependent on US imports and currency strength; high Human Development Index; key tourism and financial sectors; declining but still very high public debt; cost-of-living and cost competitiveness vulnerabilities.
Barbados is the wealthiest and one of the most developed countries in the Eastern Caribbean and enjoys one of the highest per capita incomes in the region. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities.
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By 1720, Barbados was no longer a dominant force within the sugar industry, having been surpassed by the Leeward Islands and Jamaica. Social and political reforms in the 1940s and 1950s led to complete independence from the UK in 1966. On 30 November 2021, Barbados became a republic.
Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world's most powerful nation state. Since the end of World War II, the economy has achieved relatively steady growth, low unemployment and inflation, and rapid advances in technology.