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Welcome to your comprehensive guide to the Barbados job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Barbados.
Job Market Overview: Employment Statistics in Barbados
Understanding Barbados's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 287.025 residents |
| Employment Rate | 57.8% (below OECD average) |
| Unemployment Rate | 8.2% (moderately competitive market) |
These Barbados employment statistics reveal a balanced labor market where candidates should highlight specialized skills. The 57.8% employment rate suggests moderate job availability across sectors.
Living & Working in Barbados: Economic Insights
Before relocating or applying for jobs in Barbados, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 1.200,00 USD | 27% of U.S. average (significantly lower) |
| Purchasing Power | 47.6 | moderate compared to U.S. (100) |
With 47.6 purchasing power, salaries in Barbados provide adequate but budget-conscious lifestyles. The average monthly salary of 1.200,00 USD is particularly attractive in the Tourism, Agriculture sector.
Top Industries & Job Opportunities in BB
Barbados's thriving job market spans these key sectors:
| Leading Industry | Tourism, Agriculture (growing at 5% annually) |
| Emerging Sector | Manufacturing (25% of workforce) |
| Service Sector | Tourism, Financial Services (60% of GDP) |
| Major Employers | Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings (hiring year-round) |
Job seekers should focus on Tourism, Agriculture for the most opportunities, while Manufacturing offers growth potential. Major companies like Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings frequently post openings for skilled professionals.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
1. What's the employment situation in Barbados?
With a population of 287,025 and an employment rate of 57.8%, Barbados offers a growing job market. The unemployment rate currently stands at 8.2%.
2. Which are the top companies in Barbados?
The leading employers in Barbados include Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Barbados?
The purchasing power ratio in Barbados is 47.6, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Barbados?
Search our listings filtered for Barbados. Focus on industries where Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings are active, and consider that the 57.8% employment rate suggests moderate competition for positions.
5. What should I know about working in Barbados?
With Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings as major employers, the job market tends to favor Manufacturing and Tourism, Financial Services.
