In 2003, Barbados was a small Caribbean island nation located in the Lesser Antilles. Its economy was mainly based on tourism, with some agriculture and services also playing an important role. Infrastructure was in need of improvement throughout the country but education levels were high. Unemployment had decreased since the 1990s but still remained relatively high in certain areas. According to computergees, the government at this time was stable with strong democratic institutions and a commitment to free-market capitalism. Foreign investment had increased significantly in recent years due to Barbados’ favorable business climate and proximity to major markets such as the United States, Canada, and the UK. Tourism also played a major role in driving economic growth due to its stunning beaches, vibrant culture, and world-renowned cuisine. Barbados’ capital city Bridgetown had become one of the most important cities in the Caribbean at this time and had attracted many international businesses looking for a base of operations within the region.
Barbados. According to Countryaah.com, Barbados Independence Day is November 30. The residents of Barbados. went to parliamentary elections on May 21. The ruling Social Democratic Barbados Labor Party won by close to 56% of the vote over the opposition middle party Democratic Labor Party, which gained just over 44%. Prime Minister Owen Arthur and his government were thus re-elected for a third term. Both parties completely dominate Barbados political life and their party programs are not significantly different from each other.
Barbados Brief Guide
According to AbbreviationFinder, Barbados is a former British colony in the Eastern Caribbean and is the easternmost of the Caribbean islands. The island gained independence in 1966 and is today both the most popular destination in the Caribbean and the most established state in the region in terms of infrastructure. In addition to its stunning beaches and clear sea, as well as its warm climate, Barbados ’strengths include its people known as the friendliest people in the Caribbean, as well as good connections to other Caribbean islands, the United States and Europe.
Barbados attracts tourists in particular with its allinclusive resorts, high-quality golf courses and diversity; Despite its small size, the island has mountains, forests, plantations and historic sites – such as the oldest rum distillery in the Caribbean.
Rum was the leading industry in Barbados during the period before the arrival of tourism and the island is still known as the place to make the best sugar cane distillates in the world. Barbados has plenty of water sports, diving and surfing opportunities, and deep-sea fishing is also available for first-timers. Accommodation options in Barbados can be found for many tastes, from small boutique-type luxury hotels to international chains. The island is great for both honeymoon and beach resorts, and for its good flight bands, it’s a great place to start or stop for Caribbean island hopping!
|Area||430 km 2|
|Currency||Barbados Dollar or US Dollar|
|How to fly||Via Miami, London or New York|
|New York, Miami or London|
|Ship connections||To St. Vincent, St. Lucia, Grenada and Trinidad|
|Combine||Barbados has good connections to almost all of the Caribbean|
|Golf||Yes, numerous good quality fields|
|The best time to travel||Between January-May or November-December|
POPULATION AND ECONOMIC CONDITIONS
The small Caribbean state has experienced a very slight demographic increase in recent decades, due to the persistence of a consistent emigration current. The population (268. 000 residents, According to international estimates of 1998, corresponding to a density of 622 residents per km2) is formed by more than 90 % of blacks and the rest by mulattos and whites. The capital, Bridgetown, a supply port for ocean navigation and for the export of the main products, remains a small town of very modest demographic size.
The economy of the country, once founded almost exclusively on the production of sugar cane, now sees the prevalence of service activities, which contribute almost four fifths to the formation of the GDP and employ 75.9 % of the active population. In particular, as in all Caribbean countries, tourism has had a recent and notable development, with an annual passage of about 500. 000 people (but as many visitors reach the island with their own boat), of which 28 % are Americans and 26 % are British. Since the 1980s, financial activity has also established itself, practiced on an off-shore basis, a sector that the government tends to encourage through the granting of tax benefits.
Another important economic sector is represented by the manufacturing industry, which nevertheless experienced a period of crisis during the 1990s due to the sharp decline in the market for electronic components and the sugar sector. Overall, Barbados, with an annual per capita income of $ 6,590, falls into the category of relatively rich countries, despite a heavily deficit trade balance and a worrying unemployment rate.