About Barbados's economy

Barbados is a high-income, developing island nation in the Caribbean with a mixed economy. The country's economy is primarily driven by tourism, which accounts for over 40% of GDP. Other important sectors include the international business sector, financial services, and agriculture. Barbados is also a major center for global trade, with exports of goods and services accounting for over 50% of GDP. The government is a significant purchaser of goods and services, with procurement spending accounting for over 10% of GDP.

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