BRIDGETOWN, Barbados, Apr 29, CMC – The Central Bank of Barbados (CBB) Wednesday projected that the country’s economy will continue expanding this year, supported by tourism, construction, and business and other services.
“Barbados enters 2026 with stable growth, strong external buffers, and a credible fiscal framework. The outlook remains positive, but the global environment requires vigilance,” said Central Bank Governor, Dr. Kevin Greenidge, speaking at the first quarter review of the Barbados economy.
“Sustaining the country’s progress will depend on preserving macroeconomic stability, maintaining fiscal discipline, strengthening competitiveness, and ensuring that public and pr ivate investment translates into durable, inclusive, and productivity -enhancing growth.”
Greenidge told reporters that real gross domestic product (GDP) growth is projected to fall within the range of two to three per cent, as public and private sector investment continues to support economic activity. He said infrastructure upgrades, renewable energy projects, and tourism-related developments are expected to support employment, enhance productive capacity, and strengthen medium -term growth.
“Measures announced in the financial year 2026/27 budget should also reinforce private investment, improve access to finance, support small and medium -sized enterprises, and encourage higher -value activity in areas such as green technology, digital services, and advanced manufacturing,” said Greenidge as he presented the January to March review under the heading “Resilient Growth, Strong Buffers: Barbados Navigates a More Uncertain Global Environment”.
(Details in Business sectionn)
CMC/2026