Barbados Business
• Main exports: Cotton, flowers, plants, rum, sugar, molasses and oil.
• Main imports: Consumer goods, machinery, food, chemicals and construction materials.
• Main trade partners: UK, USA, Trinidad & Tobago, St Lucia and Jamaica.
Economy
Traditionally relying on sugarcane and other agricultural exports, Barbados has successfully diversified its economic activities. Tourism now represents the largest employer on the island. Cotton, flowers and plants are being developed as export products. The island’s other important industry is oil. Exploration efforts have intensified since the mid 1990s. Today, two-thirds of offshore output is exported, with the remainder assigned for domestic consumption. Barbados has also developed an ‘offshore’ financial industry that now accounts for 15% of GDP.
Barbados receives some overseas aid from British and US sources and is a member of the Caribbean economic community (CARICOM) which has boosted regional trade. Good transport and communications infrastructure is poised to assist future economic development. Barbados’s declared goal is to become the world's smallest developed nation.
Business Etiquette
Office hours: Mon-Fri 0800-1600.
Conferences & Conventions
Business Contacts
First Floor, Nemwil House, Collymore Rock, St Michael, Barbados
Tel: 426 2056 or 0747.
Website: www.bdscham.com
Barbados Investment & Development Corporation
PO Box 1250, Pelican House, Princess Alice Highway, Bridgetown, Barbados
Tel: 427 5350.
Website: www.bidc.com
Barbados Conference Services Ltd
Sherbourne Conference Centre, Two Mile Hill, St Michael, Barbados
Tel: 467 8200.
Website: www.bcslbarbados.com
Fresh ideas are just one click away...
Travel Deals
-
Finland Activity & adventure holidays Finnish Lapland has enormous areas of untouched wilderness and mile upon mile of wild rolling fells. This vast open countryside, sparkling in the winter sunshine, just begs to be explored by
-
Orlando Adrenaline Whether you’re enjoying the hair-raising delights of the world’s only flying rollercoaster called Manta at SeaWorld or racing through the Everglades on an airboat in search of alligators, one thing’s for
-
Cambodia Luxury holidays Today Cambodia is symbolised by awesome Angkor Wat, the largest man-made religious structure in the world. However, Cambodia is also home to some of the finest boutique hotels in the world
-
Laos Inspire Me When the French colonised Indochina they had a saying: "The Vietnamese grow the rice, the Cambodians watch the rice grow, and the Lao people listen to the rice grow." This is
-
Vietnam Cultural breaks Vietnam is a country with a rich and varied history that is now firmly focused on her bright future. This is why it has become one of the hottest destinations for
-
Dominican Republic Family holidays The Dominican Republic has soared in popularity as a tropical hotspot for families seeking sun, sand and an affordable holiday in the Caribbean. The island's main attraction is magnificent golden sand

