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Barbados

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Background

The island was uninhabited when first settled by the British in 1627. Its economy remained heavily dependent on sugar, rum, and molasses production through most of the 20th century. In the 1990s, tourism and manufacturing surpassed the sugar industry in economic importance.

Historically, the Barbadian economy had been dependent on sugarcane cultivation and related activities, but production in recent years has diversified into manufacturing and tourism. Offshore finance and information services are important foreign exchange earners, and there is also a light manufacturing sector. The government continues its efforts to reduce unemployment, encourage direct foreign investment, and privatize remaining state-owned enterprises. The economy contracted in 2001 due to slowdowns in tourism and consumer spending. Growth will remain anemic in 2002 with a recovery likely near the end of the year.

Holidays

Jan 1 - New Year's Day
Jan 21 - Errol Barrow Day
Mar 25* - Good Friday
Mar 28* - Easter Monday
Apr 28 - National Heroes' Day
May 1 - Labour Day
May 16* - Whit Monday
Aug 1* - Emancipation Day; Kadooment Day
Nov 30 - Independence Day
Dec 25 - Christmas
Dec 26 - Boxing Day
 
Ps: These festivals' dates (*) given above are approximations which are subject to change every new year. 

Phone Codes

Country Code: 1 246
Outgoing International Code: 011

Resources

Market Research

Invest Barbados
Information about advantages of investing in Barbados, with links to international financial services companies and offshore management companies. 

Barbados Tourism Investment Guide
It is the portal of Barbados Tourism Investment Inc. (BTI) which is the development agency of the Government of Barbados with special responsibility for promoting and facilitating investment in the tourism and hospitality sector in Barbados.

CIA - The World Factbook - Barbados
This website indicates a wide range of detail information about Barbados by introducing under 8 different fields as its geography,people, government, economy, communications, transportation, military, transnational issues.

OPIC Links - Investor's Information Gateway for Barbados
There is available country database information links which are efficient for the new investors planned to do business in Barbados including the contact lists of the institutions, organization related to Barbados business.

Business in Barbados
It is the Editorial Board Business Barbados that is the nation newspaper website of one of the two daily newspapers in Barbados.

About Barbados
There is available to find out Barbados general outlook on the issues of its social and business profile, passport/visa, money, accommodation, government, duty free, health and so forth.

Trade Information

Government of Barbados Ministries/Agencies
The ministry of Commerce, Consumer Affairs, Business Development; The ministry of Foreign Affairs and Foreign Trade; The ministry of Industry and International Business; Fair Trading Commission.

WorldL II- Categories-Countries- Barbados-Government

 
 
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