The economy of the Caribbean island of Barbados
The largest economic sector on the Caribbean island of Barbados is tourism. Till the nineties sugar cane production was the biggest branch of the economy in Barbados.
Beer & sugar cane
Beer & sugar cane production in Barbados
Sugar cane production is still an important element of Barbados economy. Sugar cane is used for the production of several Barbadian rum brands and of course Barbados is an exporter of sugar. Banks Beer is an in Barbados produced beer, which is also exported to the whole world.
Tourism on the Caribbean island of BarbadosSince the nineties, tourism is the most important economic sektor on the Caribbean island of Barbados.
Gas & oil
Barbados has an offshore production of oil and Gas. This production is also an important economical element of the Caribbean island.
Arts, crafts & fishery
Barbados has a large arts and crafts community. Fishery and the local produced crafts are also a important part of Barbados' economy.
Education and welfare
Educational and welfare system in Barbados
The Caribbean island of Barbados has a quite high standard of living, one of the highest in the Caribbean.
Barbados has an efficient national health system and Barbados also has a welfare system.
Barbados' educational system has several levels and works like the british role model. The Caribbean island of Barbados also has an international well-respected university, the 'University of the West Indies' (UWI).
Real estate on the Caribbean island of Barbados
Barbados' real estate and property prices are − due to the higher standard of living − more expensive than on other Caribbean islands. Beachfront properties and real estate can coast more than a million U.S. Dollars.
The highest prices for estates on the Caribbean island of Barbados are higher than 50 million U.S. Dollar. These properties are mostly on the west coast of the Caribbean island of Barbados.