Barbados economic growth projected to be less than 1 percent in 2014 – Governor Worrell

The Central Bank of Barbados estimates the potential savings from additional import substitution at less than 2 percent of imports.

Barbados’s economic growth is led by private investment in tourism, international business and financial services, and agro- processing all net foreign exchange earners, and green energy, where there is potential for savings on fuel imports.

Barbados brings a number of competitive strengths to the international market. The country’s social and political institutions are stable, the labor force skilled and educated, the physical infrastructure good, and there are strong institutions for information-sharing, discussion and democratic decision-making. -(CMC)

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