Barbados | Aurato

Barbados
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A US-dollar peg supports Barbados’s local currency in an economy serving residents and international visitors. Banks and cards connect domestic merchants with overseas spending, while local electronic payment services offer additional routes. Real GDP grew approximately 2.7% in 2025.

Population

283K

GDP

$8.0B

GDP per Capita

$28K

GDP Growth

2.7%

Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Barbados

Barbados pairs local-dollar cash with widely used US dollars, while cards serve much tourist spending. Smaller retail stores and informal services still use notes, linking the need for cash payments to a currency pegged to the dollar.

ATMs (PER 100K)

37.5

BANKS (PER 100K)

11.1

DEBIT CARDS (PER ADULT)

1.7

CREDIT CARDS (PER ADULT)

0.4

Compare

IMF, Financial Access Survey (FAS), 2025