Welcome to your guide to the Barbados job market. Finding the right job or candidate requires solid data. Here you will find key figures on employment, salaries and the economy to support your next career step or recruitment decision in Barbados.
Job market overview
| Key metric | Current value |
|---|---|
| Total population | 287,025 residents |
| Employment rate | 57.8% |
| Unemployment rate | 8.2%Moderate to higher unemployment – strong, specific skills help you stand out. |
With an unemployment rate of 8.2%, Barbados has a more balanced labor market. Candidates should highlight specialized skills and experience.
Living & working in Barbados: salaries and cost of living
Before relocating or applying for jobs in Barbados, consider these key economic factors:
| Indicator | Value | Compared with the U.S. |
|---|---|---|
| Average monthly salary | 1,200 USD | 27% of the U.S. averagesignificantly lower |
| Purchasing power | 47.6 | weaker (U.S. = 100) |
With a purchasing power index of 47.6, the average monthly salary of 1,200 USD supports a budget-conscious lifestyle in Barbados. Always compare an offer with local rents and living costs in the specific city.
Top industries & employers in BB
| Leading industry | Tourism, Agriculture |
| Growth sector | Manufacturing |
| Service sector | Tourism, Financial Services |
| Major employers | Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings |
Job seekers will usually find the most openings in Tourism, Agriculture, while Manufacturing offers growth potential.
Working in Barbados – FAQ
What's the employment situation in Barbados?
Barbados has a population of about 287,025. The employment rate is 57.8%. The unemployment rate currently stands at 8.2%.
Which are the top companies in Barbados?
Large employers in Barbados include Sagicor Financial Corporation, Goddard Enterprises, Banks Holdings.
How far does a salary go in Barbados?
The purchasing power index for Barbados is 47.6 (U.S. = 100), which means the cost of living should be weighed carefully when comparing job offers.
How can I find jobs in Barbados?
Browse the latest international openings on Cityjobs and filter by country or remote work. Employers post directly, and you apply with the employer.
Which industries matter most in Barbados?
Tourism, Agriculture is the leading industry, while Manufacturing is an important growth sector, alongside Tourism, Financial Services.
Data sources & methodology
The figures in this guide are compiled from these public sources:
- Employment & economic data: World Bank Indicators
- Cost of living & salaries: Numbeo Cost of Living Database
