BARBADOS ECONOMIC AND SOCIAL REPORT 2012

International Economic Developments Regional Economic Developments The Barbados Economy Sectoral Performance Social Sector Developments Official Development Assistance Public Sector Investment Programme

Presented to the Legislature by the Minister of Finance and Economic Affairs The Hon. Christopher Sinckler June 2012

Prepared by the Research & Planning Unit Ministry of Finance and Economic Affairs June 2012 !"#!"$%&'()%*%+,)'"*$'&%),"-'#(.%#/' TRST' ' Barbados Economic and Social Report 2012

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i Barbados Economic and Social Report 2012

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iii Barbados Economic and Social Report 2012

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iv Barbados Economic and Social Report 2012 Executive Summary

Table 1.1-1 Selected Key Indicators 2008 - 2012 2008 2009 2010 2011 2012P Real Sector: Real GDP Growth (%) 0.3 (4.1) 0.3 0.8 0.0 Per Capita GDP (basic prices 000s) 28.6 28.7 28.1 28.2 26.5 Capital Formation as % of GDP 18.4 15.0 13.6 14.8 14.3 Inflation Rate (%) 8.0 3.7 5.8 9.4 4.5 Unemployment Rate (%) average 8.1 10.0 10.7 11.2 11.6 Index of Industrial Production (% change) -1.9 -9.8 -1.5 -3.7 -6.1 Tourism Expenditure (% change) * -0.3 -10.4 6.0 7.3 -5.8 Tourism Arrivals (% change) -1.1 -8.6 2.6 6.7 -5.5 Fiscal Sector: Fiscal Deficit as % of GDP -4.8 -8.6 -8.8 -4.5 -7.3 Total Debt as % of GDP 66.0 75.0 89.0 101.5 112.7 Primary Balance as % of GDP 0.2 -4.0 -1.8 -1.1 0.3 Current Revenue as % of GDP 28.9 24.9 25.9 28.9 27.5 Current Expenditure as % of GDP 36.3 35.4 42.1 37.5 40.7 Government Debt Service as % of Total Revenue 27.3 26.5 47.7 28.1 31.7 External Sector: BOP Current Account as % of GDP -10.7 -6.7 -5.8 -11.4 -4.6 Export Growth (% change) -7.7 -22.4 13.4 10.7 18.9 Import Growth (% change) 10.0 -24.5 8.3 16.3 -2.5 Net International Reserves (% change) 2.6 5.5 2.9 23.7 7.1 Reserve Cover (Weeks of Imports of goods and services) 16.4 21.1 18.4 17.7 19.6 Capital and Financial Account (% change) -46.1 33.5 -31.3 60.6 -12.7 Monetary Sector: Money Supply - M1 (% change) -2.5 2.7 1.3 -0.2 -0.6 Credit to Private Sector (% change) 11.0 -0.4 3.9 -2.9 10.6 Total Bank Deposits (% change) 3.6 0.0 -0.9 1.0 5.4 Excess Liquidity Ratio (%) 9.0 9.9 9.3 8.9 15.1 Social Sector: Human Development Index Ranking 31 37 42 47 38 Adult Literacy Rate (%) 99.7 99.7 99.7 99.7 99.7 Life Expectancy Rate 76.3 76.5 76.7 76.8 74.8 Mortality Rate (%) 18.3 8.7 10.1 13.7 11.0 Crimes Reported (% change) 0.8 -2.3 2.4 -2.4 4.2 Access to Clean Water 100.0 100.0 100.0 100.0 100.0 Expenditure on Education as % of Total Expenditure 14.6 15.2 13.2 15.1 13.7 Expenditure on Health as % of Total Expenditure 12.5 13.3 10.8 12.1 11.2 Expenditure on Social Development as % of Total 13.6 13.1 11.2 12.7 11.6 Expenditure** SOURCE: Central Bank of Barbados, IMF, UNDP, Ministry of Economic Affairs, Barbados Statistical Service * Change in Tourism expenditure is for January to September 2012 Expenditure on Education, Health, Social Security etc. - calculations are taken from Table 5 of the Estimates 2008/09- 2012/13 ** Social Development is the sum of Social Security & Welfare, Housing & Community Amenities and Other Community & Social Services p) represents the use of provisional data ' '

1 Barbados Economic and Social Report 2012 Executive Summary

EXECUTIVE !SUMMARY ! ' "2' 2&#' #,"' -$' TRSTQ' 2&#' ! 0 "-1' WSS'',' TRSST'/&'1'0#.0#1#,2#"' '"#!0# 1#' #!-,-+7'12'**'#6&' '2#"'1'%,1'-$'5# ),#11' -$'TUTS'.#0'!#,2T'' 1' +-12' -$' '21' .0-"3!2'4#' 1#!2-01' ' 3,"#0.#0$-0+#"T' "1' 13!&Q' ## *' 9$.' "2'2&#'#,"'-$'$#!#+ #0'TRSTQ'2&#' %0-52&'0#+ ',#"'$* 2'','!-,20 12'2-'%0-52&' 4#0 %#' 0 2#' -$' ',$* 2'-,Q' 1' +# 130#"' 7' -$' RTZ' .#0' !#,2' ' 7# 0' #$-0#T' ' 90-52&' ',' 2&#',,"#6'-$'##2 '*'.0'!#1Q'5 1'#12'+ 2#"' 2' 2&#'20 " *#'1#!2-0'$#**' 7'VTU'.#0'!#,2'-,' VTW'.#0'!#,2'!-+. 0#"'5'2&'[TV'.#0'!#,2' 2' !!-3,2' -$' "#!*',#1' ',' 2-30'1+' ,"' 2&#' #,"' -$' TRSST' /&#' 3,#+.*-7+#,2' 0 2#' + ,3$ !230',%'-32.32' 7'UTW'.#0'!#,2' ,"' 2'2&#'#,"'-$'TRST'12--"' 2'SSTX'.#0'!#,2Q' VT[' .#0' !#,2' 0#1.#!2'4#*7T' &3% 0' -32.32' 3.'$0-+'SSTU'.#0'!#,2'0#!-0"#"' 2'2&#'#,"' %0#5' &-5#4#0' 7' VTV' .#0' !#,2T' -$'TRSST'' "*2#0, 2'4#*7Q' 2&#' ,-,V20 "#"' 1#!2-0' ' #6. ,"#"' 7' STS' .#0' !#,2' 1#"' -,' ' TTV' "2'2&#'#,"'-$'TRSTQ'2&#' * ,!#'-,' .#0'!#,2'%0-52&'','2&#' 31',#11' ,"'-2�' 2&#' #62#0, *' !300#,2' !!-3,2' 5 1' 1#04'!#1' 1#!2-0Q' ,"' ' RTT' .#0' !#,2' #12'+ 2#"' 2-' #' ',' "#$'!'2' 2-' 2&#' #62#,2' -$' #6. ,1'-,' ',' 2&#' 5&-*#1 *#' ,"' 0#2 '*' $VRSTY' +'**'-,' -0' ..0-6'+ 2#*7' VTX' .#0' 20 "#T';-5#4#0Q'%'4#,'2&#'5# )'#!-,-+'!' !#,2' -$' 9$.' ʚ 2' + 0)#2' .0'!#1ʛT' /&'1' !*'+ 2#' !-,1203!2'-,' !2'4'27Q' . 02'!3* 0*7' 0#.0#1#,2#"' ' "#!0# 1#' 5&#,' !-+. 0#"' 2-30'1+' 0#* 2#"Q' !-,20 !2#"' 7' UTR' .#0' 5'2&'2&#'"#$'!'2'-$'$[[XTV'+'**'-,'0#!-0"#"' !#,2T'' 2' 2&#' #,"' -$' TRSST' /&#' ! .'2 *' ,"' ' $', ,!' *' !!-3,2' 0#!-0"#"' ' 130.*31' -$' .#0' ! .'2 ' 9$.' 2' $ !2-0' !-12' $XZTTV' +'**'-,' ',' TRSTQ' ' STTY' .#0' !#,2' "#!0# 1#"' 7' ,'#12'+ 2#"'XTS'.#0'!#,2'2-' "#!0# 1#'5&#,'!-+. 0#"'5'2&'2&#'130.*31' 0#!-0"' !$&$TXTW' 2&-31 ,"' ʚ5&$SUTTW' -$'$YZSTX'+'**'-,'$-0'TRSS' 2&-31 ,"ʛ' !-+. 0#"' 5'2&' !$&$TZTT' ' 2&-31 ,"'ʚ5&$SVTS'2&-31 ,"ʛ'','TRSST' "2' 2&#' #,"' -$' TRSTQ' 2&#' *#2' ' ,,2#0, 2'-, *' ##1#04#1' ʚ*,#ʛ' -$' 2&#' +-,#2 07' 32&-0'2'#1'0-1#' 7'UTU'.#0'!#,2' "1' '2' 0#* 2#1' $302�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ʚ!&&ʛQ'"-+#12'!'#6.-021' . 11#,%#0' 00'4 *1Q' 2&'1' $#**' SVTY' .#0' !#,2' $-0'TRST'5#0#'#12'+ 2#"' 2'$W[TT['+'**'-,Q' "3#' * 0%#*7' 2-' 2&#' 1&'$2',%' -$' 1-+#' !03'1#' 0#.0#1#,2',%' ,' ',!0# 1#' -$' SSTR' .#0' !#,2' 1&'.1'2-'-2�'"#12', 2'-,1T'' -0' $WZTZ' +'**'-,' -4#' 2&#' $WUVTS' +'**'-,' ' 0#!-0"#"' $-0' TRSST' $30',%' TRSTQ' 2-2 *' ,,' 2&#' ,,2#0, 2'-, *' !31',#11' '+.-021' ʚ!'$ʛ' 12--"' 2' $UQWTTTT' +'**'-,Q' ' &#!2-0' 2&#' ,3+ #0' -$' *'!#,1#1' '113#"' "#!0# 1#'-$'$URTW'+'**'-,'-0'RT['.#0'!#,2T' "30',%' TRST' 2-2 *#"' VUU' !-+. 0#"' 5'2&' ' WXV' 2' 2&#' #,"' -$' TRSSQ' 0#.0#1#,2',%' ' 9'4#,' 1-+#' 13!!#11' 2' 2&#' #,"' -$' TUTT' .#0' !#,2' "#!0# 1#' ',' -4#0 **' ,#5' 2&#' $', ,!' *' 7# 0' TRSS TRST' ',' 0#"3!',%' !-+. ,7' $-0+ 2'-,T' /�#' 5#0#' U[U' ,#5' 2&#' $'1! *' "#$'!'2' 2-' VTW' .#0' !#,2' -$' 9$. SQ' ,,2#0, 2'-, *' !31',#11' )-+. ,'#1' ʚ,!)1ʛ' *'!#,1#"' "30',%' 2&#' 7# 0' !-+. 0#"' 5'2&' S' /&'1'5 1' #*-5'2&#'+#"'3+'2#0+'$'1! *'2 0%#2'-$' WTX'.#0'!#,2 T

2 Barbados Economic and Social Report 2012 Executive Summary

2&#' .0-(#!2'-,' $-0' 2&#' 0#4'#5' .#0'-"' 2& 2' 2-2 *' +#+ #01&'.' $#**' $0-+' SWYQS[Z' TRST TRSUQ' '1' $-0' ' &'%�' "#$'!'2' -$' YTU' .#01-,1' 2' 2&#' #,"' -$' TRSS' 2-' SVZQYUR' .#0' !#,2' -$' 9$.T' /&'1' -32!-+#Q' 5&'!&' .#01-,' 2' 2&#' #,"' -$' TRSTQ' ' WTV' .#0' !#,2' 130. 11#1' 2&#' +#"'3+' 2#0+' 2 0%#2' -$' VTY' "#!0# 1#T'' .#0'!#,2Q''1'.0#"'! 2#"'-,' '0#"3!#"'',2 )#' ' -$' 0#4#,3#1' 7' ZTS' .#0' !#,2' ,"' &'%�' ,,' TRSS TQ' ,-,V%-4#0,+#,2' *#4#*1' -$' 1.#,"',%' 5&'!&' '1' #12'+ 2#"' 2-' .0-"3!2'4'27' %0-52&' 12--"' 2' & 4#' 0'1#,' 7' WTR' .#0' !#,2T' .0#*'+', 07' ..0-6'+ 2#*7' TTT' .#0' !#,2Q' ' "#!0# 1#' " 2 '1&-5#"'2& 2'2&#'5# )'0#4#,3#'',2 )#' 5&#,'!-+. 0#"'5'2&'UTY'.#0'!#,2'%0-52&' 5 1' 1' ' 0#13*2' -$' *-5#0' # 0,',%1' $0-+' -,#' 7# 0' .0'-0T' ' ' /&#' *# "#0' ',' * -30' ',!-+#'2 6#1' ,"' *1-'2 6#1'-,'%--"1' ,"' .0-"3!2'4'27' %0-52&' $-0' TRSS' 5 1' 2&#' 1#04'!#1T' f&'*#' -,' 2&#' #6.#,"'230#' 1'"#Q' $', ,!' *' 1#04'!#1' 1#!2-0' ʚUYTR' .#0' !#,2ʛQ' !300#,2' 20 ,1$#01' ,"' "# 2' . 7+#,2' $-**-5#"' 7'2&#'5&-*#1 *#' ,"'0#2 '*'20 "#' !-,2',3#"' 2-' #' 2&#' + ',' 0# 1' -$' ',"31207' ʚ[TU' .#0' !#,2ʛQ' !!-++-" 2'-,' 1.#,"',%T'' ʚSTX' .#0' !#,2ʛ' ,"' $', **7' + ,3$ !230',%' ' ʚRTV'.#0'!#,2ʛT'"',#% 2'4#'%0-52&'0 2#'5 1' "2'2&#'#,"'-$'$#!#+ #0'TRSTQ'2&#' #12'+ 2#"'$-0'2&#'!-,1203!2'-,'1#!2-0'ʚUTR' 12-!)'-$'!#,20 *'%-4#0,+#,2'"# 2'12--"' 2' .#0' !#,2ʛ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ʚ2&#'"'$$#0#,!#' #25##,' '02&1' "#.-1'21' -$' !-++#0!' *' ,)1' 1&-5#"' ,"' "# 2&1ʛQ' 5 1' YZT' .#01-,1' !-+. 0#"' + 0%', *' ',!0# 1#1Q' 5'2&' 1'+'* 0' 5'2&'ZXT'$-0'TRSST' +-4#+#,21' ',' !0#"'2' !!3+3* 2'-,T' f'2&' ' + 0%', *' '+.0-4#"' .#0$-0+ ,!#' ',' !0#"'2' ##% 0"',%' 2&#' + ',' 1-!' *' ,"' "#.-1'21Q' *'/3'"'27' ',' 2&#' ,)',%' ','2' 2'4#1' "30',%' TRSTQ' 2&#' +','1207' -$' 1712#+' ',!0# 1#"T' "1' ' 0#13*2Q' 2&#' #6!#11' ("3! 2'-,' ,"' ;3+ ,' ##1-30!#' *'/3'"'27' 0 2'-' %0#5' 0 .'"*7' $0-+' ZT[' .#0' $#4#*-.+#,2'ʚ+(;#$ʛ'!-,2',3#"'2-'.* !#' !#,2' 2'2&#'#,"'-$'$#!#+ #0'TRSS'2-'SWTS' #+.& 1'1' -,' &3+ ,' ,"' 1-!' *' ! .'2 *' .#0'!#,2' 2'2&#'#,"'-$'$#!#+ #0'TRSTT' "#4#*-.+#,2' 2&0-3%&' 1'%,'$'! ,2' ' ',4#12+#,2' ',' #"3! 2'-,' ,"' 0#* 2#"' "' !-+. 0'1-,' -$' 2-2 *' 20 "',%' 1#04'!#1T' /&#' +','1207' ',' !-** -0 2'-,' 4-*3+#' ,"' 4 *3#' TRSS TRST' 1&-5#"' ,' 5'2&' #"3! 2'-, *' ',12'232'-,1' 1-3%&2' 2-' ',!0# 1#' ',' 2-2 *' 20 "',%' 4-*3+#' -$' ST[TR' .0-4'"#' !-,"3!'4#' *# 0,',%' #,4'0-,+#,21' .#0' !#,2' 32' ' "#!0# 1#' ',' 2-2 *' 20 "',%' 2-' #,130#' 2&#' ',!3*! 2'-,' -$' ..0-.0' 2#' 4 *3#' -$' TRTR' .#0' !#,2T' + 0)#2' ',"'!#1' ),-5*#"%#Q' 1)'**1Q' ,"' !-+.#2#,!'#1' 1&-5#"' +-"#0 2#' '+.0-4#+#,2' ',' TRST' +-,%' **'*# 0,#01T'"',3+ #0'-$'','2' 2'4#1' 5&#,' !-+. 0#"' 5'2&' 2&#' !*-1',%' $'%30#1' 5#0#' #6#!32#"Q' 2
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3 Barbados Economic and Social Report 2012 Executive Summary

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4 Barbados Economic and Social Report 2012 I. International Economic Development

I. I NTERNATIONAL !ECONOMIC !DEVELOPMENT ! ' %6(#6,(f' !-+. 0#"'5'2&' ,'',!0# 1#'-$'STZ'.#0'!#,2' 2' ' 2&#'#,"'-$'TRSST'/&'1'#!-,-+7'!-,2',3#"'2-' 3-**-5',%' ,'#12'+ 2#"'UT['.#0'!#,2' 5'2,#11' 1*3%%'1&' %0-52&' 1' ' 0#13*2' -$' ',!0# 1#' ',' 5-0*"' -32.32' ',' TRSSQ' 2&#' 3,!#02 ',27'5'2&'0#1.#!2'2-'$'1! *'+# 130#1' .0-1.#!21' $-0' %*- *' 0#!-4#07' 5# )#,#"' 2' 2& 2' 5-3*"' 3,"#0+',#' !-,13+#0' ,"' 2&#'#,"'-$'TRSTT'"!!-0"',%'2-'2&#',+3'f-0*"' ',4#12-0'!-,$'"#,!#T'' (!-,-+'!' %32*--)' ʚh ,3 07' TRSUʛQ' %*- *' ' !2'4'27'#6. ,"#"' 7'UTT'.#0'!#,2' 2'2&#'#,"' ,,' 2&#' 5,'2#"' [',%"-+Q' #!-,-+'!' -$' 2&#' .#0'-"' 3,"#0' 0#4'#5T' /&'1' $-0#! 12' !2'4'27' $#**' 7' ' .0-(#!2#"' RTT' .#0' !#,2' 5 1' 0- "*7' 3,!& ,%#"' $0-+' 2&#' UTU' .#0' !-+. 0#"'5'2&' ,'',!0# 1#'-$'RT['.#0'!#,2'',' !#,2'.0#4'-31*7'.0-(#!2#"'ʚf-0*"'(!-,-+'!' TRSST' /&#' #!-,-+7' !-,2',3#"' 2-' - 1#04#' %32*--)Q' %!2- #0' TRSTʛT' /&#' + ',' !-,120 ',#"'.0'4 2#'!-,13+.2'-,' 1'5#**' 1' !-,20' 32-01' 2-' 2&'1' -32230,' 5#0#' 2&#' #$$-021'2-'0#12-0#'.3 *'!' ,"'.0'4 2#' * ,!#' #+#0%',%' + 0)#2' #!-,-+'#1' 5&'!&' 1 5' ,' 1&##21' 5&'!&' 5-3*"' & 4#' ,' '+. !2' -,' ',!0# 1#' ',' .#0$-0+ ,!#T' +-0#-4#0Q' 2&#' "-+#12'!' "#+ ,"T' ,,' ) , " Q' %0-52&' 5,'2#"' &2 2#1' ʚ5&ʛ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h . ,'2-'& 4#'',!0# 1#"' .#0'-"T'+# 130#1'2-' ""0#11'2&#'0'1)1'','2&#' 7'TTR'.#0'!#,2'!-+. 0#"'5'2&' '"#!0# 1#'-$' $', ,!' *' 1712#+1Q' 5&'!&' 5'**' 13..-02' RTX'.#0'!#,2' 2'2&#'#,"'-$'TRSST'/&'1'-32230,' 0#"3!#"' "-5,1'"#' 0'1)1Q' 5#0#' *1-' 5 1' 220' 32#"' 2-' 0#!-,1203!2'-,' !2'4'27' ""0#11#"'','TRSTT'' ,"'1-+#'0#!-4#07'','+ ,3$ !230',%'','2&#' ' $'012' & *$' -$' TRSTQ' $-**-5',%' 13..*7' 1&-!)1' )%5*/#7'" *$'#(9,%*"-'.(#&.()/,6(&' 0#* 2#"' 2-' 2&#' # 02&/3 )#' ,"' 213, +'' ' ʚ+ 0!&'TRSSʛ' ,"'2&#'/& ''$*--"1'ʚ%!2- #0' "2' 2&#' #,"' -$' TRSTQ' %*- *' !2'4'27' TRSSʛT' ;-5#4#0Q' 2&'1' #!-,-+7' +-4#"' ',2-' #6. ,"#"' 7' ,' #12'+ 2#"' UTT' .#0' !#,2Q' 0#!#11'-,'','2&#'1#!-,"'& *$'-$'TRSTT'/&'1''1' !-+. 0#"'5'2&' ,'',!0# 1#'-$'UT['.#0'!#,2' ' #6.#!2#"'2-' #'1&-02V*'4#"' 1'12'+3*31'.* ,1' 7# 0' # 0*'#0T' /&'1' -32230,' 5 1' '"#"' 7' ,"'$302�'+-,#2 07'# 1',%'5'**'&#*.' --12' .-1'2'4#' .#0$-0+ ,!#1' ',' 2&#' 5,'2#"' &2 2#1' %0-52&'','2&#',# 0'2#0+T' ʚTTU' .#0' !#,2ʛR' h . ,' ʚTTR' .#0' !#,2ʛR' ,"' ' ) , " 'ʚTTR'.#0'!#,2ʛT'' ,,' 2&#' (30-' 0# Q' #!-,-+'!' !2'4'27' ' $#**' 7' RTV' .#0' !#,2' !-+. 0#"' 5'2&' ,' "$6"*)($'()%*%+,(&'' ',!0# 1#'-$'STV'.#0'!#,2' '7# 0'# 0*'#0T'+ (-0' ' !-,20' 32-01'2-'2&'1'-32230,'5#0#',2 *7'ʚVTTS' f'2&',' 2&#' ""4 ,!#"' (!-,-+'#1Q' .#0' !#,2ʛQ' ,"' &. ',' ʚVSTV' .#0' !#,2ʛT' /&#' ## *'9$.'0-1#' 7' ,'#12'+ 2#"'STU'.#0'!#,2' -32*--)'$-0'2&#'(30-' 0# '0#+ ',1'3,!#02 ',' ',' TRST' !-+. 0#"' 5'2&' ,' ',!0# 1#' -$' STX' 1'2&'1'0#%'-,'!-,2',3#1'2-' #'.* %3#"' 7'2&#' .#0'!#,2' '7# 0'# 0*'#0T',,'2&#'5T&TQ'#!-,-+'!' -,%-',%' 1-4#0#'%,' "# 2' !0'1'1Q' $'1! *' ,"' !2'4'27' 0-1#' 7' ,' #12'+ 2#"' TTU' .#0' !#,2' $', ,!' *' ',12 '*'27' ,"' &'%&' *#4#*1' -$'

5 Barbados Economic and Social Report 2012 I. International Economic Development

3,#+.*-7+#,2T';-5#4#0Q'#$$-021'',', 2'-, *' $30',%'2&#'0#4'#5'.#0'-"Q'#!-,-+'!' "(312+#,2' ,"' '0#',$-0!#"'(5V5'"#'.-*'!7' !2'4'27' ',' 2&#' )-++-,5# *2&' -$' 0#1.-,1#' *#"' 2-' ' .'!)3.' ',' $', ,!' *' ,,"#.#,"#,2'&2 2#1'ʚ),&ʛ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f'2&',' 2&'1' (!-,-+'!' !2'4'27'','2&#'+'""*#'( 12' 0#%'-,Q' ## *' 9$.' 5 1' #12'+ 2#"' 2-' & 4#' ,"' *-02&' "$0'! ' ʚ+(*"ʛ' 0#%'-,' %0#5' 7' ',!0# 1#"' 7'WTS'.#0'!#,2'','TRST'0#* 2'4#'2-' WTT' .#0' !#,2' 2' 2&#' #,"' -$' TRST' 0#* 2'4#' 2-' XTU' .#0' !#,2' ' 7# 0' # 0*'#0T' + (-0' UTW' .#0' !#,2' ' 7# 0' # 0*'#0T' 90-52&' ',' 2&'1' !-,20' 32-01'2-'2&'1'-32230,'5#0#')&', 'ʚYTZ' .#0' !#,2ʛQ' +'""*#' ( 12' ' *-02&' "$0'! ' ʚWTT' 0#%'-,' !-,2',3#"' 2-' #' 1& .#"' 7' .#0'!#,2ʛQ'&3 V& & 0 ,'"$0'! 'ʚVTZ'.#0'!#,2ʛ' !-++-"'27' .0'!#' +-4#+#,21T' $30',%' 2&#' ,"',,"' 'ʚVTW'.#0'!#,2ʛT'' 0#4'#5'.#0'-"Q'## *'9$.'','2&#'&3 V& & 0 ,' ' "$0'! 'ʚ&&"ʛ'0#%'-,'0-1#' 7' ,'#12'+ 2#"'VTZ' /&#' - 2',' "+#0'! ' ,"' 2&#' .#0' !#,2'!-+. 0#"'5'2&' ,' ',!0# 1#' -$' WTU' ) 0' # ,' 5'2,#11#"' 1*-5#0' %0-52&Q' 5&'!&' .#0'!#,2' 2'2&#'#,"'-$'TRSST'' 0-1#' 7' UTR' .#0' !#,2' !-+. 0#"' 5'2&' ,' ' ',!0# 1#'-$'VTW'.#0'!#,2' '7# 0'# 0*'#0T'+ (-0' ,*3-"/,%*' !-,20' 32-01' 2-' 2&'1' %0-52&' 5#0#' +#6'!-' ' ʚUTZ' .#0' !#,2ʛ' ,"' !0 8'*' ʚSTR' .#0' !#,2ʛ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ʚXTS' !-3,20'#1' 5 1' 13 "3#"' +'"' 5# )' .#0' !#,2ʛT' ,,$* 2'-,' 0#+ ',#"' &'%&' ',' 2&#' .0-1.#!21' $-0' 2-30'1+' ,"' 0#+'22 ,!#1' ,"' +(*"' ʚSRTV' .#0' !#,2ʛ' ,"' &&"' ʚ[TS' .#0' *'+'2#"' 0--+' $-0' .-*'!7' 13..-02' ',' *'%&2' -$' !#,2ʛ' 0#%'-,1Q' 5&'*#' +-"#0 2',%' ',' 2&#' ),&' .#01'12#,2'.3 *'!'"# 2' 30"#,1T'' ʚXTZ'.#0'!#,2ʛT''

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6 Barbados Economic and Social Report 2012 I. International Economic Development

Table 1.1-2 Indicators of Economic Performance in Advanced Economies 2011-2012 Unemployment Rate Consumer Price Real GDP (Annual Avg.) Index (% change) (% change) (% change)

Country 2011 R 2012 E 2011 R 2012 E 2011 R 2012 E United States 1.8 2.3 9.0 8.2 3.1 2.0

Japan -0.6 2.0 4.6 4.5 -0.3 0.0

Germany 3.1 0.9 6.0 5.2 2.5 2.2

France 1.7 0.2 9.6 10.1 2.1 1.9

Italy 0.4 -2.1 8.4 10.6 2.9 3.0

U.K. 0.9 -0.2 8.0 8.1 4.5 2.7

Canada 2.6 2.0 7.5 7.3 2.9 1.8

SOURCE: IMF World Economic Outlook October 2012 and January 2013 ' Figure 1 Global GDP Growth: Actual and Projections

SOURCE: IMF World Economic Outlook January 2013 (2013 and 2014 are projections)

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7 Barbados Economic and Social Report 2012 I. International Economic Development

# 0*'#0T' &'+'* 0*7Q' "#1.'2#' ' "#!0# 1#' -$' RTW' 5&'"-** 01Q' #25##,'TRSS' ,"'TRSTQ'1&-5#"' .#0!#,2 %#' .-',21Q' 2&#' 3,#+.*-7+#,2' 0 2#' ' %#,#0 *' "#!*',#' -0' + 0%', *' %0-52&' ',' ',' )#,20 *' ,"' &-32&V( 12#0,' (30-.#' ʚ,-,V ,-,V-'*' !-++-"'2'#1T' ,,' 2&'1' 0#% 0"Q' $--"' (5ʛ' ,"'),&'0#%'-,'0#+ ',#"'&'%&' 2'ZTT'.#0' .0'!#1' 0-1#' 7' TTU' .#0' !#,2Q' 6#%#2 *#' !#,2Q' 5&'!&''1'TTU'.#0!#,2 %#'.-',21'&'%�' %'*1##"1' ,"' %'*1' $#**' 7' YTW' .#0' !#,2Q' 2& ,'2&#'#12'+ 2#"'%*- *' 4#0 %#'-$'WT['.#0' +',#0 *1Q'%0#1' ,"'+#2 *1'ʚVSVTX'.#0'!#,2ʛQ' !#,2'','TRSTT'' /0-.'! *' !#4#0 %#1' ʚVTSTW' .#0' !#,2ʛQ' ,"' ' "%0'!3*230 *'# 5'+ 2#0' *1'ʚVTUTT'.#0'!#,2ʛT' 5,#+.*-7+#,2' !-,2',3#"' 2-' #' ' ' + (-0'!-,!#0,'','2&#'+'""*#'( 12' ,"'*-02&' 9-%!"-'3,*"*),"-'+"#[(/'$(6(-%.+(*/&' "$0'! ,' 0#%'-,Q' 5�#' 2&#' %%0#% 2#' ' 3,#+.*-7+#,2' 0 2#' 5 1' #12'+ 2#"' 2-' "!!-0"',%' 2-' 2&#' 9*- *' 3', ,!' *' #6!##"' SRTR' .#0' !#,2T' /&#' - 2',' "+#0'! ,' &2 '*'27' ##.-02' ʚ%!2- #0' TRSTʛ' 0'1)1' 2-' ,"' 2&#' ) 0' # ,' ,"' &3 V& & 0 ,' "$0'! ' $', ,!' *' 12 '*'27'',!0# 1#"' 1' 3-7 ,!7' ',' 0#%'-,1' 5'2,#11#"' 3,#+.*-7+#,2' 0 2#' -$' 2&#'%*- *'$', ,!' *'1712#+'0#+ ',#"'$0 %'*#T' XTX'.#0'!#,2' ,"'YTW'.#0'!#,2'0#1.#!2'4#*7T',,' $#1.'2#'!-,1'"#0 *#' ,"'!-,2',3',%'#$$-021' !-,20 12Q' 2&#' 3,#+.*-7+#,2' 0 2#' 0#+ ',#"' 7' (5' .-*'!7+ )#01Q' 5&'!&' & 4#' ##,' 0#* 2'4#*7' *-5' ',' ( 12' "1' ' ʚVTV' .#0' !#,2ʛQ' #11#,2' *'',' -*12#0',%'',4#12-0_1'!-,$'"#,!#Q' &-32&V( 12'"1' ' ,"'2&#'. !'$'!'0#%'-,1'ʚVTV' 2&#' (30-' 0# ' !0'1'1' 0#+ ',#"' ' ! 31#' -$' .#0'!#,2ʛQ' ,"'&-32&'"1' 'ʚUTZ'.#0'!#,2ʛT'' !-,!#0,T' .-*'!'#1' 5&'!&' **-5' $-0' +#"'3+V ' 2#0+' "(312+#,2'!-,2',3#"'2-' #'!0'2'! *'',' )%++%$,/7'" *$'*%*V)%++%$,/7'.#,)(&' ""0#11',%' 2&#' '+ * ,!#1' ',' 2&#' 5,'2#"' ' &2 2#1' ,"' h . ,T' (+#0%',%' + 0)#2' /&#' ,+3_1' .0'+ 07' )-++-"'2'#1' #!-,-+'#1' 0#+ ',#"' 0#1'*'#,2' +'"12' 2&#' .0'!#' ,,"#6' ʚ.).,ʛ' $#**' "30',%' 2&#' 1#!-,"' ',!0# 1#"' %*- *' 0'1)1T' ;-5#4#0Q' ',!0# 1#' /3 02#0' -$' TRSTQ' 2�# $2#0' 0# -3,"',%' ',' 43*,#0 '*'2'#1' ,"' ' !-,20 !2'-,' ',' .-*'!7' 2&#'2&'0"'/3 02#0T'/&'1''1'','!-,20 12'2-'2&#' 1. !#'!-3*"' 0',%'$302�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�#' $-0' #+#0%',%' #!-,-+'#1' 1' 2&#'0' !7!*'! **7' "#+ ,"'"#!*',#"' 7'UTS'.#0'!#,2' ,"'RT['.#0' "(312#"'"#$'!'21'5#0#'.0-(#!2#"'2-' 4#0 %#' !#,2'0#1.#!2'4#*7Q'5&#,'!-+. 0#"'5'2&'2&#' STZ' .#0' !#,2' -$' 9$.' ',' TRST' 0#* 2'4#' 2-' ST[' 1'+'* 0'.#0'-"' '7# 0'# 0*'#0T',,'!-,20 12Q'-'*' .#0' !#,2' ',' TRSST' "!!-0"',%' 2-' 2&#' ,+3' "#+ ,"' ',' 2&#' #+#0%',%' ,"' "#4#*-.',%' 3'1! *'+-,'2-0'5." 2#'ʚ%!2- #0'TRSTʛQ'5'2&' #!-,-+'#1'5 1'.0-(#!2#"'2-'',!0# 1#' 7'TTY' 1*3%%'1&'%0-52&'','+ ,7'. 021'-$'2&#'5-0*"' .#0'!#,2T'/&'1'%0-52&'5 1'.0'+ 0'*7'"3#'2-' ,"' 0'1',%' "-5,1'"#' 0'1)1Q' $'1! *' ',!0# 1#' "#+ ,"' ',' ),&' ʚUTX' .#0' !#,2ʛ' ,"' $#4#*-.',%'"1' 'ʚUTT'.#0'!#,2ʛT'' !-,1-*'" 2'-,' 0#+ ',#"' !& **#,%',%T' 9-',%' ' $-05 0"Q' ',' "4 ,!#"' #!-,-+'#1' 2&#' + ',' "!!-0"',%' 2-' .0#*'+', 07' 12 2'12'!1' !& **#,%#' 5'**' !-,2',3#' 2-' #' 2&#' ,##"' $-0' $0-+' 2&#' 5,'2#"' * 2'-,1' )-,$#0#,!#' -,' !*# 0' $'1! *' .-*'!'#1' 2-' "# *' 5'2&' 2&#' * 0%#' /0 "#' ,"' $#4#*-.+#,2' ʚ5*)/"$ʛQ' 2&#' .3 *'!' '+ * ,!#1' 2' ' 13'2 *7' 1312 ',#"' 4#0 %#' ',"#6' -$' $0##' + 0)#2' .0'!#1' ','' . !#T'

8 Barbados Economic and Social Report 2012 II. Regional Economic Development

II. !REGIONAL !ECONOMIC !DEVELOPMENT ! ' %6(#6,(f' ',' 2&#' 2-30'1+' ,"' -$$V1&-0#' 1#!2-01Q' 5&'*#' ' 2&#'-32230,'','/&#'! & + 1'5 1'-,' !!-3,2' "!!-0"',%' 2-' ',"'! 2-01' $0-+' -$'120-,%'.#0$-0+ ,!#1'',' -2&'2-30'1+' ,"' ) 0' # ,' $#4#*-.+#,2' ! ,)' ʚ)$!ʛ' 2&#' !-,1203!2'-,T'' 2#,2 2'4#' 0#!-4#07' #4'"#,2' ',' TRSS' ' !-,2',3#"'',2-'TRSTQ' * #'2' 2' '1*-5#0'. !#Q' 90-52&' ',' /0','" "' ,"' /- %-' 1' 5# )' %*- *' "#+ ,"' 20 ,1* 2#"' 2-' 4#0 %#"' STT' .#0' !#,2' -,' 2&#' 1'1' -$' ' 1*3%%'1&' .0'4 2#' 1#!2-0' !2'4'27' 2& 2' 120-,%' .#0$-0+ ,!#' ',' 2&#' 1#04'!#1' 1#!2-0T' !-,120 ',#"'%-4#0,+#,21_' '*'27'2-'.0-4'"#' /&'1' 5 1' "-,#' % ',12' ' !)"0-.' -$' "#1'0#"' *#4#*1' -$' $'1! *' 12'+3*31T W' "#!*',',%' .0-"3!2'-,' ',' 2&#' .#20-*#3+' "!!-0"',%*7Q' #!-,-+'!' 0#!-4#07' ',' 2&#' 1#!2-0T' ",2'%3 ' ,"' ! 0 3" ' %0#5' 0#%'-,'5 1'*#"'+ ',*7' 7'!-++-"'27V 1#"' + 0%', **7' "30',%' 2&#' 7# 0Q' 5&'*#' -32.32' #!-,-+'#1' ,"' 2-' ' *#11#0' #62#,2' 2&-1#' %0-52&' 0#+ ',#"' $* 2' ',' ! 0 "-1Q' 1#"'-,'2-30'1+T';-5#4#0Q'-4#0 **'%0-52&' !-,120 ',#"' 7' .--0' -32230,1' ',' 2&#' )#7' 5 1' ',13$$'!'#,2' 2-' 0#"3!#' 3,#+.*-7+#,2' 2-30'1+' ,"' !-,1203!2'-,' 1#!2-01T' ' %32.32' 5&'!&' 0#+ ',#"' 123 -0,*7' &'%&' !0-11' $#**'','",%3'** Q'$-+','! Q'90#, " Q'&2T'-3!' Q' + ,7' 2#00'2-0'#1T' )-,120 ',#"' 0#4#,3#' +-,21#00 2' ,"'h + '! Q'"0'4#,'.0'+ 0'*7' 7' .#0$-0+ ,!#1'-,' ' !)"0-.'-$'&'%&'"#$'!'21' 5# )' %%0#% 2#' "#+ ,"' 11-!' 2#"' 5'2&' ' ,"' "# 2' *#4#*1' !-,2',3#"' 2-' ,#% 2'4#*7' $ **-$$' ',' .0'4 2#' 1#!2-0' ',4#12+#,2Q' '+. !2' #+.*-7+#,2' !0# 2'-,' .0-%0 ++#1' *-,%1'"#' $'1! *' !-,1-*'" 2'-,' ,"' ' #4#,'2&-3%&'(- '!0# 2'-,'!-,2',3#"'2-' #' ' !-,!-+'2 ,2' 0#"3!2'-,' ',' ! .'2 *' .-*'!7'.0'-0'27'$-0'+-12'%-4#0,+#,21'','2&#' #6.#,"'230#'-32* 71T'' 0#%'-,T'' ' ' ##"3!#"'%0-52&'5 1' *1-' 11-!' 2#"' 9#%f/;'.(#3%#+"*)(' 5'2&' '13..*7'1'"#'0#"3!2'-,'%'4#,'2&#'$ **'',' ' &-2#*' 0--+1Q' , 230 *' "'1 12#01' ,"' "#!*',#1' /&#'0#%'-,'!-,2',3#"'2-'1203%%*#'2-' ','2&#'$-0#1207'1#!2-0T'+-0#-4#0Q'2�#'5#0#' $',"''21'#!-,-+'!'$--2',%'','TRST' 1' 4#0 %#' "'103.2'-,1' ',' .0-"3!2'-,' -$' +',',%' -32.32' %0-52&' 1*'..#"' 2-' STR' .#0' !#,2' !2'4'2'#1' ,"' 1*-5"-5,' ',' .3 *'!' !-+. 0#"' 5'2&' STT' .#0' !#,2' ' 7# 0' # 0*'#0T' ',4#12+#,21' -5',%' 2-' 3,!#02 ',2'#1T' /&#' /&#' %0-52&' +-+#,23+' 12 **#"' 5&'*#' #!-,-+'#1' 5&-' 5#0#' ,#2' .0-"3!#01' 0#!-0"',%' !23 *' "#!0# 1#1' ',' #!-,-+'!' #,#$'2#"' $0-+' $ 4-30 *#' !-++-"'27' !2'4'27T' %32.32' ',' 2&#' ())5' !-3,20'#1' .0'!#1Q'','. 02'!3* 0'%-*"' ,"'#,#0%7'.0'!#1T' !-,20 !2#"' 7' RTY' .#0' !#,2T' !#*'8#' ,"' ' 937 , ' 5#0#' 2&#' ##%'-,_1' 2-.' %0-52&' &()/%#"-'.(#3%#+"*)(' .#0$-0+#01' ',' TRSTQ' 13..-02#"' 7' 120-,%' ' -32230,1' ',' %0'!3*230#' ,"' +',',%Q' 9#%f/;', *'/%5#,&+'' 0#1.#!2'4#*7T' ,,!0# 1#1' ',' 9$.' 5#0#' *1-' ' 0#!-0"#"'','/&#'! & + 1Q'2&#'!0'2'1&'6'0%',' /&#'+-"#12'0#!-4#07'','+ ','1-30!#' ,1* ,"1' ʚ!6,ʛQ' ; '2'Q' ,"' /0','" "' ,"' + 0)#21Q' !-3.*#"' 5'2&' 120-,%#0' "#12', 2'-,' /- %-T',,'; '2'Q'%0-52&'5 1'0#!-0"#"'',' **' + 0)#2',%Q'.0-4'"#"''+.#231'2-'2&#'2-30'1+' 1#!2-01' #6!#.2' %0'!3*230#Q' 5&'!&' 5 1' 1#!2-0'','TRSTQ' *2&-3%&'2�#'5 1'#4'"#,!#' "4#01#*7' $$#!2#"' 7' "0-3%&2' ,"' 2&#' 2& 2'2&#'. !#'-$'%0-52&'1*-5#"'-0'"#!*',#"' '+. !2'-$'&300'! ,#',1 !T'%32.32'%0-52&'',' ',' 1-+#' !-3,20'#1T' "00'4 *1' $0-+' (30-.#' !6,' 5 1' 11-!' 2#"' 5'2&' ',!0# 1#"' !2'4'27' 0#+ ',#"' "#.0#11#"Q' 5'2&' -,*7' $-30' !-3,20'#1' 0#.-02',%' ',!0# 1#1' $0-+' 2&'1' 5 Highlights of CDB’s Activities in 2012 and 1-30!#T'%,' '.-1'2'4#',-2#Q'*-,%V12 7'4'1'2-01' Economic Background and Prospects (February ',!0# 1#"' 7' TT[' .#0' !#,2' ʚh ,3 07V 2013) *-4#+ #0ʛ' ',' /&#' ! & + 1R' TTU' .#0' !#,2'

9 Barbados Economic and Social Report 2012 II. Regional Economic Development

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10 Barbados Economic and Social Report 2012 II. Regional Economic Development

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11 Barbados Economic and Social Report 2012 II. Regional Economic Development

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12 Barbados Economic and Social Report 2012 II. Regional Economic Development

h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h"+",)"' !300#,2' #6.#,"'230#Q' ',' . 02'!3* 0' -,' "# 2' ' 1#04'!#' . 7+#,21Q' *#"' 2-' !32#' *'/3'"'27' /&#' . 11 %#' -$' ;300'! ,#' & ,"7' "'$$'!3*2'#1'"30',%'2&#'7# 0T'' 5&'!&' 0#13*2#"' ','2-2 *' " + %#' ,"' *-11#1' ' #12'+ 2#"' 2' h"$STW' '**'-,Q' !-+ ',#"' 5'2&' ,,' &2T' -3!' ' 22#+.21' 2-' .0-4'"#' 2&#'1*-5#0'2& ,' ,2'!'. 2#"'0#!-4#07'-$'2&#' $'1! *'12'+3*31'2&0-3%&'2 6'!-,!#11'-,1' ,"' %*- *' #!-,-+7Q' '+. !2#"' 2&#' -4#0 **' #6#+.2'-,1Q' 1'5#**' 1'2&0-3%&'#+.*-7+#,2' .#0$-0+ ,!#' -$' 2&#' h + '! ,' #!-,-+7' $-0' !0# 2'-,' .0-%0 ++#1Q' 0#13*2#"' ',' 5'"#,',%' 2&#'%!2- #0'2-'$#!#+ #0'TRST'.#0'-"T'## *' -4#0 **' * ,!#1' ,"'.0#!'.'2 2#"' ,'3.2'!)' 9$.' !-,20 !2#"' 7' RTX' .#0' !#,2Q' 0#13*2',%' ',' 2&#' !-3,207_1' "# 2V2-V9$.' 0 2'-' 2-' $0-+' '"#!*',#'-$'TTY'.#0'!#,2'','2&#'9--"1' 3,!-+$-02 *#'*#4#*1T'%,'2&#'-2�'& ,"Q'&2T' .0-"3!',%' ,,"31207Q' 1' 2&#' '!#1' ['221' ,"' *#4'1' ,"' ",2'%3 ' ,"' ! 0 3" ' ,,"3120'#1'0#+ ',#"'$* 2T'' + "#' %--"' .0-%0#11' 5'2&' 2&#'0' ,+3V ' 13..-02#"' "(312+#,2' .0-%0 ++#1' & 4',%' f'2&',' 2&#' 9--"1' .0-"3!',%' 1 2'1$'#"' %0##"'$'1! *' ,"'1203!230 *'2 0%#21T' ,,"31207Q' **'',"3120'#1'0#%'12#0#"'"#!*',#1'' ,,' !#*'8#' 2&#' 32&-0'2'#1' * 3,!&#"' ' "%0'!3*230#' ʚ"-5,' VTW' .#0' !#,2ʛR' +',',%' ' .0-%0 ++#' '+#"' 2' 0#,#%-2' 2',%' ' 13.#0' i3 007',%' ʚ"-5,' SSTR' .#0' !#,2ʛR')-,1203!V -,"' 5'2&' !0#"'2-01' ',' ,' #$$-02' 2-' * ,!#' 2'-,' ʚ"-5,' STW' .#0' !#,2ʛR' ,"' + ,3$ !230#' 2&#'0' "# 2' 1#04'!#' - *'% 2'-,1' ,"' 2&#' ʚ"-5,' RTS' .#0' !#,2ʛT' f'2&',' 2&#' '!#1' !-3,207_1'"#4#*-.+#,2',##"1T'' ,,"31207Q' 3', ,!#' ' ,,130 ,!#' '!#1' ' 0#%'12#0#"' ,'',!0# 1#'-$'STR'.#0'!#,2Q' *-,%' ,,' 2&#' %4#01# 1' /#00'2-0'#1' ʚ%/1ʛQ' 5'2&' f&-*#1 *#' ' ##2 '*' /0 "#Q' ##. '0' ' 5[V12'.3* 2#"' 0#120'!2'-,1' -,' -00-5',%Q' ',' ,,12 ** 2'-,'-$' + !&',#07' ʚ3.' RTV' .#0'!#,2ʛ' -0"#0' 2-' * ,!#' 3"%#21' ,"' 0#12-0#' ,"' %2�' '!#1' ʚ3.' RTT' .#0' !#,2ʛT' !-+.*' ,!#' 5'2&' $'1! *' ,"' "# 2' .03"#,2' *' /0 ,1.-02' &2-0 %#' ' )-++3,'! 2'-,' *'+'21Q' & 4#' *#"' 2-' +-0#' $ 4-30 *#' $'1! *' 0#+ ',#"' $* 2' 5&'*#' **' -2�' ',"3120'#1' -32!-+#1T' $30',%' TRSTQ' 2&#' 5[' +-4#"' 2-' 0#!-0"#"'"#!*',#1T' $302�' ,!&-0' $'1! *' "'1!'.*',#' ,"' #+ #"Q' ' 1'. 02'-$'.3 *'!'$', ,!#'+ , %#+#,2'* 51Q' /&#'2-2 *'#+.*-7#"'* -30'$-0!#'$#**' ' 0- "#0' 30 +#5-0)' $-0' 3'1! *' 7' YRR' .#01-,1' 2-' 0# !&' SQRZZQTRR' ##1.-,1' '*'27'2& 2'.* !#1'%0# 2#0'#+.& 1'1' !-+. 0#"'5'2&'%!2- #0'TRSSR' ,"' 7'X'WRR' -,'+#"'3+V2#0+'$'1! *'$0 +#5-0)1Q'120'!2#0' .#01-,1' !-+. 0#"' 5'2&' h3*7' TRSTT'' /&#' + , %#+#,2' -$' !23 *' ,"' !-,2',%#,2' 3,#+.*-7+#,2' 0 2#' ',!0# 1#"' 2-' SUTY' .#0' *' '*'2'#1Q' '+.0-4#"' .0-(#!2' ..0 '1 *' ,"' !#,2Q' 3.' 7' RT[' .#0!#,2 %#' .-',2' !-+. 0#"' #4 *3 2'-,Q' ,"' +-0#' 20 ,1. 0#,2' 5'2&'2&#'!-00#1.-,"',%'.#0'-"'','TRSST' .0-!30#+#,2T' /&'1' 03*#1V 1#"' $0 +#5-0)' ' 5 1' *#%'1* 2#"' ',' 1-+#' %/1' ',' TRSTT' 5,"#0' 2&#' 6'1'-,' TRUR' h + '! ' )-,1#/3#,2*7Q' $'1! *' -32230,1' '+.0-4#"' 1' * 2'-, *'$#4#*-.+#,2'.* ,'$0 +#5-0)Q'25-' !-3,20'#1'!-,2',3#"'2-'.0 !2'!#'#6.#,"'230#' 0# 1S' - -30' 3-0!#' i3 *'27' ,"' &#!30'27' 0#120 ',2T' ",%3'** ' + ',2 ',#"' ' 130.*31' &2 231'5#0#'#6 +',#"T'5,"#0'- -30'3-0!#' "#1.'2#' '$ **-$$'','0#4#,3#1'0#* 2'4#'2-'TRSST' i3 *'27Q' TUTY' .#0' !#,2' -$' 2&#' 2-2 *' * -30' .0-4'1'-, *' " 2 ' 13%%#12' #22#0' $'1! *' $-0!#' & "' 4-! 2'-, *' -0' .0-$#11'-, *' -32230,1' ',' 2&#' /30)1' ,"' ) '!-1' ,1* ,"1' !#02'$'! 2'-,Q' 1#"' -,'2&#' /3 02#0*7' * -30' ʚ/),ʛ'"3#'2-'0#4#,3#'0#$-0+1''+.*#+#,2#"' $-0!#' 1304#71' $-0' TRSTT' /&'1' 0#.0#1#,21' ,'

13 Barbados Economic and Social Report 2012 II. Regional Economic Development

',!0# 1#' -$' RTW' .#0!#,2 %#' .-',2' !-+. 0#"' + 0)#2' -.#0 2'-,1Q' ',!0# 1#"' 2-' //$YSTX' 5'2&'TUTT'.#0'!#,2'','TRSST' '**'-,' -0' VXTX' .#0' !#,2' -$' 9$.Q' * 0%#*7' ' 0#$*#!2'4#'-$')-,)%_1'$', ,!',%T' f'2&' 0#1.#!2' 2-' + (-0' )0'+#1Q' 2&#' ' -4#0 **'"-5,5 0"'20#,"'','!0'+#'0 2#1'2& 2' &'%,'$'! ,2',#2'$'1! *'',(#!2'-,1' *-,%' #% ,' ',' h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ʚ5&'!&' #6!*3"#' 1.#!' *' "#.-1'21ʛ' "+'"12' 2&#' $0 %'*#' %*- *' 0#!-4#07' $#**' 12# "'*7' 2�# $2#0Q' 0# !&',%' ' " '*7' ,"' 2&#' 1*3%%'1&' %0-52&' ',' 2&#' ) 0' # ,' 4#0 %#' -$' $UTZ' '**'-,' ',' &#.2#+ #0' TRSTT' 0#%'-,Q' /0','" "' ,"' /- %-_1' #!-,-+'!' /&#' #6!#11' *'/3'"'27' !-,"'2'-,1' 5#0#' *1-' .#0$-0+ ,!#'& 1' ##,'*#2& 0%'!'"3#'* 0%#*7' ""0#11#"' 2&0-3%&' 2&#' )#,20 *' ! ,)' -.#,' 2-'1*3%%'1&'%0-52&'','2&#') 0' # ,' ,"'2&#' + 0)#2' -.#0 2'-,1' ,"' $-0#'%,' #6!& ,%#' 5# )' %*- *' #!-,-+7T' "!!-0"',%' 2-' 2&#' 1 *#1T' )#,20 *' ! ,)' -$' /0','" "' ,"' /- %-Q' ' #!-,-+'!' !2'4'27'!-,20 !2#"' 7'UTX'.#0'!#,2' ("&/(#*')"#,!!("*')5##(*)7'5*,%*' 7# 0V-,V7# 0' 2-' 2&#' /3 02#0' #,"',%' h3,#' ' TRST' + ',*7' -,' !!-3,2' -$' .0-*-,%#"' .0#*'+', 07' " 2 ' ',"'! 2#' 2& 2' + ',2#, ,!#'5-0)' ,"'1#!30'27'3.%0 "#1'',' #!-,-+'!' !2'4'27'','2&#'())5'!-,20 !2#"'$-0' 2&#'#,#0%7'1#!2-0T'f'2&'0#1.#!2'2-'2&#',-,V '$-302&'!-,1#!32'4#'7# 0'','TRSTQ' *2&-3%&' #,#0%7' 1#!2-0Q' -32.32' 5 1' $$#!2#"' 7' 2&#' . !#' -$' !-,20 !2'-,' 1*-5#"' 0#* 2'4#' 2-' ',"3120' *' !2'-,' 2' /0','" "' )#+#,2' 2&#' 4#0 %#' $-0' 2&#' .0#4'-31' 2&0##' 7# 01T' -'+'2#"'ʚ/)-ʛ'5&'!&'*#"'2-' '1#4#0#'"0-.'',' ## *' 9$.' '1' #12'+ 2#"' 2-' & 4#' "#!*',#"' 7' !#+#,2'-32.32'2& 2'1.'**#"'-4#0'2-' !2'4'27'',' RTS' .#0' !#,2Q' !-+. 0#"' 5'2&' ,' 4#0 %#' 2&#'!-,1203!2'-,' ,"'+ ,3$ !230',%'1#!2-01T' !-,20 !2'-,' ',' 2&#' .0#4'-31' 2&0##' 7# 01' ' ʚTRR[VTRSSʛ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f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ʚ%!2- #0'2-'&#.2#+ #0ʛQ'1'%,'$'! ,2*7'* 0%#0' . 02*7'"3#'2-'0#"3!#"'"#+ ,"Q' 220' 32 *#' 2& ,' 2&#' "#$'!'2' -$' $STS' '**'-,' 0#!-0"#"' ' 2-' &'%�' '0$ 0#1' $-0' 0#%'-, *' 20 4#*' 7# 0' # 0*'#0T' /&#' .3 *'!' "# 2Q' #6!*31'4#' -$' !-+ ',#"' 5'2&' 0#"3!#"' '0*'$2' -32' -$' 2&#' 20# 1307' '**1' ,"' ,-2#1' '113#"' $-0' -.#,' 5&"Q'2-' 2'*# 12'-,#'2#00'2-07'','2&#')300#,!7'

14 Barbados Economic and Social Report 2012 II. Regional Economic Development

5,'-,T' /&#' !03'1#' 1&'.' 13 V1#!2-0' 5 1' *1-' /&#' !-,1-*'" 2#"' $'1! *' .-1'2'-,' -$' !& **#,%#"' 7' ',!0# 1#"' !-+.#2'2'-,' $0-+' 2&#'!#,20 *'%-4#0,+#,2''+.0-4#"T';-5#4#0Q' -2�' "#12', 2'-,1Q' 0#13*2',%' ',' ' 0#"3!2'-,' 2&#' .-*'!7' 12 ,!#' 5 1' 12'**' #6. ,1'-, 07' 1' ,' -4#0 **' "#$'!'2' 5 1' 0#!-0"#"T' /&#' $'1! *' ',' . 11#,%#0' 00'4 *1Q' !-,1'12#,2' 5'2&' 2&#' -.#0 2'-,1' -$' 2&#' !#,20 *' %-4#0,+#,21' $ **'','2&#',3+ #0'-$'! **1Q' 1'1-+#'+#+ #0' 0#13*2#"' ',' ,' -4#0 **' "#$'!'2' -$' $UTWTU+Q' !-3,20'#1'5#0#'2 )#,'-$$'2&#''2',#0 07'-$'2&#' !-+. 0#"' 5'2&' -,#' -$' $VRVTU+' 0# *'1#"' ',' + (-0'!03'1#'!-+. ,'#1T'' TRSST' '

15 Barbados Economic and Social Report 2012 III. The Barbados Economy

III. !THE !BARBADOS !ECONOMY ! ! "T /;('#("-'&()/%#' -32.32Q'5&'!&'#6. ,"#"' 7'VTV'.#0'!#,2T'"1' '2'0#* 2#1'$302�'2-'2-30'1+' !2'4'27Q'#,"'-$' ' 2&#' 7# 0' " 2 ' 1&-5#"' ,' ZTZ' .#0' !#,2' ,"' %6(#6,(f' [TR' .#0' !#,2' 0#"3!2'-,' ',' *-,%' 12 7' 2-30'12' ' 00'4 *1' $0-+' 2&#' 5&' ,"' 5[' + 0)#21Q' "2' 2&#' #,"' -$' TRSTQ' 2&#' ! 0 "-1' 0#1.#!2'4#*7T' /&#' !*-130#' -$' 2&#' "*+-,"' #!-,-+7'12'**'#6&' '2#"'1'%,1'-$'5# ),#11' 1' ##1-02Q' 2&#' ',!0# 1#' ',' 2&#' "'0' . 11#,%#0' +-12' -$' '21' .0-"3!2'4#' 1#!2-01' $327' 7'-4#0'ZTR'.#0'!#,2Q' ,"'*-11'-$' '0*'$2' 3,"#0.#0$-0+#"T'"1'13!&Q'## *'9$.'%0-52&' **' !-,20' 32#"' 2-' 2&'1' ,#% 2'4#' -32230,T' 0#+ ',#"' $* 2' ',' !-,20 12' 2-' %0-52&' -$'' ##% 0"',%'!03'1#'. 11#,%#0' 00'4 *1Q'2&'1'$#**' RTZ' .#0' !#,2' ' 7# 0' #$-0#T' ' 90-52&' ',' 2&#' SVTY' .#0' !#,2' "3#' * 0%#*7' 2-' 2&#' 1&'$2',%' -$' 20 " *#' 1#!2-0' $#**' 7' VTU' .#0' !#,2' -,' 1-+#'!03'1#'1&'.1'2-'-2�'"#12', 2'-,1T'' !!-3,2' -$' "#!*',#1' ',' 2-30'1+' ,"' ' + ,3$ !230',%' -32.32' 7' UTW' .#0' !#,2' ,"' ,,'2&#',,2#0, 2'-, *'!31',#11'1#!2-0' VT['.#0'!#,2'0#1.#!2'4#*7T'&3% 0'-32.32'%0#5' 2&#' ,3+ #0' -$' *'!#,!#1' '113#"' "30',%' TRSS' &-5#4#0' 7'VTV'.#0'!#,2T'' 2-2 **#"'VUU'!-+. 0#"'5'2&'WXV' 2'2&#'#,"' ' -$' TRSSQ' 0#.0#1#,2',%' ' TUTT' .#0' !#,2' "*2#0, 2'4#*7Q'2&#',-,V20 "#"'1#!2-0' "#!0# 1#'','-4#0 **',#5'!-+. ,7'$-0+ 2'-,T' #6. ,"#"' 7'STS'.#0'!#,2' 1#"'-,' 'TTV'.#0' /�#'5#0#'U[U',#5',,2#0, 2'-, *'!31',#11' !#,2' %0-52&' ',' 2&#' 31',#11' ,"' -2�' )-+. ,'#1' ʚ,!)1ʛ' *'!#,1#"' "30',%' 2&#' 7# 0' 1#04'!#1'1#!2-0Q' ,"' 'RTT'.#0'!#,2'#6. ,1'-,' !-+. 0#"' 5'2&' WSS' ',' TRSST' /&'1' ','2&#'5&-*#1 *#' ,"'0#2 '*'20 "#T';-5#4#0Q' 0#.0#1#,2#"' '"#!0# 1#'-$'TUTS'.#0'!#,2T'' %'4#,' 2&#' 5# )' #!-,-+'!' !*'+ 2#' ' !-,1203!2'-,' !2'4'27Q' . 02'!3* 0*7' 2-30'1+' /&#' ,3+ #0' -$' ,#5' ,,2#0, 2'-, *' 0#* 2#"Q'!-,20 !2#"' 7'UTR'.#0'!#,2T'' &-!'#2'#1' 5'2&' ##120'!2#"' -' '*'27' ʚ,&#-1ʛ' ' $-0'TRST'5 1'!-+. 0 *#'5'2&'TRSS'$'%30#1' /�#'5 1'1-+#'# 1#'','',$* 2'-, 07' 5'2&' ,#5' #,2'2'#1' 2-2 *',%' 25#,27V1#4#,' .0#1130#1' 2'2&#'#,"'-$'TRST' 1'2&#' 4#0 %#' ʚTYʛQ' -,#' ʚSʛ' *#11' 2& ,' 2& 2' 0#!-0"#"' $-0' 0 2#'-$'',$* 2'-,'$#**'2-'VTW'.#0'!#,2'$0-+'[TV' TRSTT'f'2&'0#1.#!2'2-'0#,#5 *1Q'2�#'5#0#' .#0' !#,2' 2' 2&#' #,"' -$' TRSST' %,' ,' ,',#27V-,#' ʚ[Sʛ' +-0#' ,&#-1' 0#,#5#"' ',' ,,3 *'8#"' 1'1Q' 2&#' 3,#+.*-7+#,2' 0 2#' TRST'-4#0'TRSSQ' 'TZTW'.#0'!#,2'',!0# 1#'',' 0-1#'+ 0%', **7'2-'SSTX'.#0'!#,2Q'!-+. 0#"' 2&#'0#,#5 *'-$'2
#'#,2'2'#1T' 5'2&'SSTU'.#0'!#,2' 2'2&#'#,"'-$'TRSST' ' ' .#0' ! .'2 ' 9$.' 2' $ !2-0' !-12' /;('* %*V/#"$($'& ()/%#' "#!0# 1#"' 7' ,' #12'+ 2#"' XTS' .#0' !#,2' 2-' ' 0#!-0"' !$&' $TXTW' 2&-31 ,"' ʚ5&' $SUTTW' $30',%' TRSTQ' 2&#' ,-,V20 "#"' 1#!2-0' 2&-31 ,"ʛ' !-+. 0#"' 5'2&' !$&' $TZTT' 0-1#' 7' STS' .#0' !#,2T' /&'1' -32230,' 5 1' *#"' 2&-31 ,"'ʚ5&'$SVTS'2&-31 ,"ʛ'','TRSST' + ',*7' 7' 2&#' 31',#11' ,"' -2�' 1#04'!#1' ' 1#!2-0'5&'!&'#6. ,"#"' 7'UTR'.#0'!#,2' ,"' /;('/ #"$($'& ()/%#' 5&-*#1 *#' ,"'0#2 '*' 7'RTW'.#0'!#,2T'' ' ' ## *' 4 *3#' ""#"' ',' 2&#' 20 "#"' f'2&'%0-52&'-$'SRTV'.#0'!#,2'','TRSSQ' 1#!2-0' $#**' 7' ,' #12'+ 2#"' VTU' .#0' !#,2' ',' 2&#'!-,1203!2'-,'1#!2-0'0#%'12#0#"' 'YTX'.#0' TRSTQ' $-**-5',%' ' TTW' .#0' !#,2' "#!*',#' !#,2' "#!*',#' ',' -32.32' 2' 2&#' #,"' -$' TRSTT' 0#%'12#0#"'','TRSST'/&'1'5 1' 1' '0#13*2'-$' ' /&'1'"#!*',#'5 1'+'00-0#"' 7' 'WTV'.#0'!#,2' UTY' .#0' !#,2' ,"' XTZ' .#0' !#,2' "#!*',#' ',' !-,20 !2'-,' ',' 2&#' +',',%' ,"' /3 007',%' 2-30'1+' ,"' + ,3$ !230',%' 0#1.#!2'4#*7T' 13 V1#!2-0T' !-2&' 2&#' #*#!20'!'27Q' % 1' ,"' /&#' -,*7' .-1'2'4#' .#0$-0+ ,!#' 5 1' 13% 0' 5 2#0'1#!2-0Q' ,"'2&#'20 ,1.-02Q'12-0 %#' ,"'

16 Barbados Economic and Social Report 2012 III. The Barbados Economy

2#*#!-++3,'! 2'-,1' 1#!2-0' 0-1#' 7' RT[' .#0' 90-11' ! .'2 *' $-0+ 2'-,' +-3,2#"' !#,2' ,"'STX'.#0'!#,2'0#1.#!2'4#*7T''' 2-' ,'#12'+ 2#"'$SQTRVTT'+'**'-,Q' '"#!0# 1#' ' -$'YTR'.#0'!#,2'-4#0'TRSST'/&'1'-32230,'5 1' )%*/#,!5/,%*'/ %'9 $.X' 220' 32#"' 2-' "#!0# 1#1' ',' + !&',#07 ' ' #/3'.+#,2' 5&'!&' $#**' SXTT' .#0' !#,2' 2-' ,,' TRSTQ' $-30' ʚVʛ' 1#!2-01' -$' 2&#' 0#!-0"'$WWZTX'+'**'-,T' #!-,-+7' -$' ! 0 "-1' !-,20' 32#"' 2-' 2&#' ' 3*)' -$' ,-+', *' 9$.T' .0-4'1'-, *' " 2 ' (6.-021' -$' %--"1' ,"' 1#04'!#1' 0-1#' ',"'! 2#"' 2& 2' 2
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�'1'%,'$'! ,2'!-,20' 32'-,1'2-'9$.'5#0#' $VQ'W[RTZ'+'**'-,T' 5&-*#1 *#' ,"'0#2 '*'20 "#'$YV[TS'+'**'-,T' ' ' .(#') ".,/"', *)%+(' /&#' !-,20' 32'-,' 2-' 9$.' + "#' 7' ' #*#!20'!'27Q' % 1' ,"' 5 2#0' 12--"' 2' $TTVTT' .#0' ! .'2 ' 9$.' 2' $ !2-0' !-12' +'**'-,T'&3% 0'!-,20' 32'-,'-4#0'2&#'0#4'#5' "#!0# 1#"' 7' ,' #12'+ 2#"' XTS' .#0' !#,2' 2-' .#0'-"' 0#+ ',#"' 0#* 2'4#*7' 3,!& ,%#"' ,"' 0#!-0"' !$&' $TXTW' 2&-31 ,"' ʚ5&' $SUTTW' 0#%'12#0#"' ,'#12'+ 2#"'$SRTZ'+'**'-,T'*-,V 2&-31 ,"ʛ' !-+. 0#"' 5'2&' !$&' $TZTT' 13% 0' %0'!3*230#' !-,20' 32'-,' 2-' 9$.' 2&-31 ,"'ʚ5&'$SVTS'2&-31 ,"ʛ'','TRSST' "#!0# 1#"' "30',%' TRST' 2-' 0#!-0"' $[TT[' ' +'**'-,T' !T'!"-"*)('% 3'."7+(*/&7 ' ' ' (4.(*$,/5#('% *'9 $.' %6(#6,(f' ' ' .0-4'1'-, *' " 2 ' ',"'! 2#"' 2& 2' $30',%'TRSTQ'! 0 "-1'#6.#0'#,!#"' 90-11' $-+#12'!' .0-"3!2' 2' + 0)#2' .0'!#1' ' "#!0# 1#' ',' '21' #62#0, *' !300#,2' !!-3,2' "#!0# 1#"' ',' TRST' 7' UTU' .#0' !#,2' 2-' ,' "#$'!'2T' /&'1' 5 1' .0'+ 0'*7' "3#' 2-' 2&#' #12'+ 2#"'$ZQVV[TY'+'**'-,'5&#,'!-+. 0#"' +-"#0 2',%' -$' ',2#0, 2'-, *' -'*' ,"' 5'2&' $ZQYUYTZ' +'**'-,' 0#!-0"#"' ',' TRSST' !-++-"'27' .0'!#1T' ,,' ""'2'-,Q' 2�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ʚ*,#ʛ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t should be noted that information contained in this section and +'**'-,' -0' ..0-6'+ 2#*7' VTX' .#0' !#,2' -$' down to Per Capita GDP reflects changes, when compared with previous reports, due to the approved use of the 1993 SNA-based methodology in the calculation of Nominal GDP. This revision was 7 The source of the Balance of Payments data is the Central Bank of carried out by the BSS in conjunction with CARTAC. Barbados.

17 Barbados Economic and Social Report 2012 III. The Barbados Economy

9$.'ʚ 2'+ 0)#2'.0'!#1ʛT'/&'1'0#.0#1#,2#"' ' 5 1'#12'+ 2#"' 2' ,'',$*-5'-$'$XUWTX'+'**'-,' "#!0# 1#'5&#,'!-+. 0#"'5'2&'2&#'"#$'!'2'-$' !-+. 0#"' 5'2&' ',$*-51' -$' $XZVTZ' +'**'-,' ' $[[XTV'+'**'-,'0#!-0"#"' 2'2&#'#,"'-$'TRSST' 7# 0' # 0*'#0T' *#2' *-,%V2#0+' .3 *'!' 1#!2-0' ' $*-51' $#**' 1'%,'$'! ,2*7' 7' XRTZ' .#0' !#,2' 2-' /&#' +#0!& ,"'1#' 20 "#' "#$'!'2' $#**' $VSTT'+'**'-,Q'!-+. 0#"'5'2&'$SRWTU'+'**'-,' 7' URTT' .#0' !#,2' 2-' $SQRZ[TT' +'**'-,Q' ','TRSST'%,'2&#'-2�'& ,"Q',#2'1&-02V2#0+' !-+. 0#"' 5'2&' $SQWW[TY' +'**'-,' ',' 2&#' ',$*-51' 5#0#' #12'+ 2#"' 2' $WTX' +'**'-,' .0#4'-31' 7# 0T' /-2 *' #6.-021' ʚ$- ʛ' 0#* 2'4#' 2-' -32$*-51' -$' $ZTW' +'**'-,' ' 7# 0' +-3,2#"' 2-' $SQST[TX' +'**'-,Q' ,' SZT[' .#0' # 0*'#0T'' !#,2'',!0# 1#'!-+. 0#"'5'2&'$[WRTU'+'**'-,' ' ',' TRSST' ,,' TRSTQ' 2&#' 4 *3#' -$' "-+#12'!' *(/',*/(#*"/,%*"-'#(&(#6(&'ʚ*,#ʛ' #6.-021' 0-1#' 7' VTU' .#0' !#,2Q' 2-' 0#%'12#0' ' $W[TTZ' +'**'-,' !-+. 0#"' 5'2&' 2&#' $WXZTU' "2' 2&#' #,"'-$' TRSTQ' 2&#' *,#' -$' 2&#' +'**'-,' 0#!-0"#"' ',' TRSST' ,,!0# 1#1' 5#0#' +-,#2 07' 32&-0'2'#1'0-1#' 7'UTU'.#0'!#,2'2-' 0#%'12#0#"' $-0' $--"' ,"' #4#0 %#1' 7' STTU' $SQVXYTS' +'**'-,' !-+. 0#"' 5'2&' $SQVTRTT' .#0'!#,2' ,"'13% 0' 7'WTS'.#0'!#,2T''%,'2&#' +'**'-,' 2'2&#'#,"'-$'TRSST',,' ""'2'-,Q'2&#' -2�' & ,"Q' "#!0# 1#1' 5#0#' 0#!-0"#"' $-0' '+.-02'0#1#04#'!-4#0'$-0'%--"1' ,"'1#04'!#1' #*#!20-,'!'!-+.-,#,21' 7'TRTX'.#0'!#,2' ,"' 12--"' 2' S[TX' 5##)1' 0#* 2'4#' 2-' SYTY'5##)1' !&#+'! *1' 7' ZTZ' .#0' !#,2T' ' ##!#'.21' $0-+' 0#%'12#0#"' '7# 0'# 0*'#0T'' %--"1' .0-!30#"' ',' .-021' ',!0# 1#"' 7' YTY' ' .#0' !#,2' 5&'*#' %--"1' $-0' .0-!#11',%' ' 0#+ ',#"' 3,!& ,%#"' $0-+' 2&#' $'%30#' Figure 2 0#!-0"#"' '7# 0'# 0*'#0T'' Direction of Trade – Domestic Exports for 2012 ' (per cent) /&#' 4 *3#' -$' 2-2 *' '+.-021' ʚ!'$ʛ' $-0' TRST'$#**' 7'TTW'.#0'!#,2'2-'$UQWWZTZ'+'**'-,' !-+. 0#"' 5'2&' $UQXWSTT' +'**'-,' ',' TRSST' ##2 ',#"''+.-021'!-,12'232#"'ZVT['.#0'!#,2' -$' 2-2 *' '+.-021' -0' $UQRTTTS' +'**'-,Q' ' YTX' .#0' !#,2' "#!0# 1#' #*-5' 2&#' $UQTX[TT' +'**'-,' 0#!-0"#"' ',' TRSST' /&#' "#!*',#' ',' 0#2 ',#"' '+.-021' 5 1' 220' 32#"' 2-' "#!0# 1#1'$-0'! .'2 *'%--"1' 7'SYT['.#0'!#,2' ,"' !-,13+#0' %--"1' 7' SUTR' .#0' !#,2T' %,' 2&#' -2�' & ,"Q' ',2#0+#"' 2#' %--"1' SOURCE: Barbados Statistical Service ',!0# 1#"' 7'RTY'.#0'!#,2T' V ##12'-$'2&#'f-0*"'',!*3"#1'9#0+ ,7Q' ' - 2','"+#0'! Q'"$0'! 'Q'h . ,' ,"' /-30'1+' 0#!#'.21' ',' TRST' 5#0#' %2�')-3,20'#1' ' #12'+ 2#"' 2'$SQYTXTS'+'**'-,Q' '"#!0# 1#'-$' UT['.#0'!#,2'!-+. 0#"'5'2&'$SQY[XTZ'+'**'-,' (4.%#/&' ',' TRSST' *#2' 0#!#'.21' $0-+' 2&#' #6.-02' -$' ' 1#04'!#1' 0-1#' 7' UT[' .#0' !#,2' 2-' $SQVRSTR' $-+#12'!' #6.-021' $-0' TRST' 5#0#' +'**'-,' !-+. 0#"' 5'2&' $SQUVZTR' +'**'-,' #12'+ 2#"' 2'$W[TT['+'**'-,Q'0#.0#1#,2',%' ,' ',!0# 1#' -$' SSTR' .#0' !#,2' -0' $WZTZ' +'**'-,' 0#!-0"#"'','TRSST'' -4#'2&#'$WUVTS'+'**'-,'0#!-0"#"'$-0'TRSST' ' /&#'.0'+ 07'+ 0)#2'$-0'! 0 "-1_'"-+#12'!' )".,/"-'" *$'3,*"*),"-'"))%5*/' #6.-021' !-,2',3#"' 2-' #' )"#,)%+Q' 5'2&' ' ' + 0)#2' 1& 0#' -$' VYTR' .#0' !#,2T' (6.-021' 2-' /&#' ! .'2 *' ,"' $', ,!' *' !!-3,2' 2&'1' %0-3.' -$' !-3,20'#1Q' ',!0# 1#"' 7' SXTW' 0#!-0"#"' ' 130.*31' -$' $XZTTV' +'**'-,' ',' .#0'!#,2Q'2-'0# !&'$TYZTW'+'**'-,'!-+. 0#"' TRSTQ' ' STTY' .#0' !#,2' "#!0# 1#' 5&#,' 5'2&'2&#' $TU[TR' +'**'-,' 0#!-0"#"' $-0' TRSST'' !-+. 0#"'5'2&'2&#'130.*31'-$'$YZSTX'+'**'-,' f'2&',' )"#,)%+Q' /0','" "' ,"' /- %-Q'' $-0'TRSST'*#2'*-,%V2#0+'.0'4 2#'',4#12+#,2' &2T' -3!' ' ,"' h + '! ' 5#0#' 2&#' + (-0'

18 Barbados Economic and Social Report 2012 III. The Barbados Economy

'+.-02#01' -$' ! 0 "-1_' "-+#12'!' #6.-021Q' ! 0 "-1_'"-+#12'!'#6.-021T'(6.-021' 2-'2&#' 1-0 ',%' $SSVTX' +'**'-,' ʚVSTT' .#0' !#,2ʛQ' 5&' 5#0#' #12'+ 2#"' 2' $SRZT[' +'**'-,Q' ,' $UUTR' +'**'-,' ʚSSTZ' .#0' !#,2ʛ' ,"' $URTV' ',!0# 1#' -$' TTTW' .#0' !#,2' 5&#,' !-+. 0#"' +'**'-,'ʚSRT['.#0'!#,2ʛ'0#1.#!2'4#*7T' 5'2&' 2&#' $ZZT[' +'**'-,' 0#!-0"#"' $-0' TRSST' ' (6.-021' 2-' 2&#' 5[' 12--"' 2' $WZTZ' +'**'-,' /&#'5&' ,"'5['5#0#'2&#'1#!-,"' ,"' $0-+'2&#'$SRYTX'+'**'-,'0#.-02#"' 2'2&#'#,"' 2&'0"' * 0%#12' + 0)#21' 0#1.#!2'4#*7Q' $-0' -$'TRSST'' ' ' Table 3.2-1 Balance of Payments 2007-2012 ($M) 2007 2008 2009 2010 2011 R 2012 P Current Account -490.6 -972.5 -620.2 -517.4 -996.4 -401.7 Total Exports (fob) 1056.5 975.6 757.1 858.8 950.3 1129.6 of which Domestic Exports 522.3 531.2 458.6 522.8 568.3 592.8 Imports(CIF) 3492.4 3840.4 2898.9 3138.8 3651.2 3558.8 of which Retained Imports 2958.2 3396.0 2600.4 2802.9 3269.2 3022.1 Services(Net) 2114.2 2151.7 1689.8 1781.2 1348.0 1401.0 of which Tourism 2179.5 2227.9 1994.8 1925.4 1796.8 1726.1 Income -375.6 -491.9 -380.1 -223.9 -695.1 -650.1 Transfers 112.1 53.6 40.6 77.8 -89.6 -63.4 Capital and Financial Account 984.6 531.0 708.8 486.8 781.6 682.4 E and O 1 64.4 -56.3 -9.8 225.0 722.6 78.6 Overall Surplus/Deficit 558.4 -497.8 78.8 194.4 507.8 359.4 Net Official financing 0.0 0.0 0.0 0.0 0.0 0.0 IMF Credit 0.0 0.0 0.0 0.0 0.0 0.0 Other M.A. 2 0.0 0.0 0.0 0.0 0.0 0.0 Other F.I. 3 0.0 0.0 0.0 0.0 0.0 0.0 Change in Foreign Reserves(CBB Basis) (-increase/+decrease) -558.4 497.8 -78.8 -194.4 -507.8 -359.4 Adjusted by: Commercial Banks' Position(net) 202.6 -307.2 -50.5 247.9 522.7 312.5 IMF Resources 0.0 0.0 0.0 0.0 0.0 0.0 Change in NIR (IMF Basis) (-increase/+decrease) -355.8 190.6 -129.3 53.5 14.9 -46.9

SOURCE : Central Bank of Barbados 1 - Errors and Omissions 2 - Monetary Authorities 3 - Financial Institutions ' '

19 Barbados Economic and Social Report 2012 III. The Barbados Economy

8 $,#()/,%*'% 3'/#"$( '' ' Figure 4 ' Visible Trade Balance (2000-2012) ,+.%#/&' ' $30',%' TRSTQ' 2-2 *' '+.-021' ʚ!'$ʛ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f' /&#' 2&'0"' * 0%#12' 13..*'#0' -$' ' '+.-021'','TRST'5 1'2&#'5[Q'5'2&' '+ 0)#2' 9'4#,'1-+#'13!!#11' 2'2&#'#,"'-$'2&#' 1& 0#' -$' UTZ' .#0' !#,2' 4 *3#"' 2' $SUTTZ' $', ,!' *' 7# 0' TRSS TRST' ',' 0#"3!',%' 2&#' +'**'-,T' $#!0# 1#1' 5#0#' 0#%'12#0#"' $-0' $'1! *' "#$'!'2' 2-' VTW' .#0' !#,2' -$' 9$. [Q' 2&#' 6#,#83#* ' 7' WTTT' .#0' !#,2R' 9#0+ ,7' 7' .0-(#!2'-,' $-0' 2&#' 0#4'#5' .#0'-"' VYT['.#0'!#,2R') , " ' 7'SVTS'.#0'!#,2R' ,"' TRST TRSUQ''1'$-0' '&'%�'"#$'!'2'-$'YTU'.#0' h . ,' 7' SUTT' .#0' !#,2T' ,+.-021' $0-+' 2&#' !#,2'-$'9$.T'/&'1'-32!-+#Q'5&'!&'130. 11#1' %%0#% 2#"' %0-3.' ^"**' %2�' )-3,20'#1_' 2&#' +#"'3+'2#0+' 2 0%#2'-$' VTY'.#0' !#,2Q''1' "#!0# 1#"'"30',%'TRST' 7'$USTY'+'**'-,T'' .0#"'! 2#"'-,' '0#"3!#"'',2 )#'-$'0#4#,3#1' ' 7' ZTS' .#0' !#,2' ,"' &'%�' *#4#*1' -$' ' 1.#,"',%' 5&'!&' '1' #12'+ 2#"' 2-' & 4#' 0'1#,' Figure 3 7' WTR' .#0' !#,2T' .0#*'+', 07' " 2 ' 1&-5#"' Direction of Trade - Total Imports for 2012 (per 2& 2'2&#'5# )'0#4#,3#'',2 )#'5 1' 1' '0#13*2' cent) -$' *-5#0' # 0,',%1' $0-+' ',!-+#' 2 6#1' ,"' *1-' 2 6#1' -,' %--"1' ,"' 1#04'!#1T' f&'*#' -,' 2&#'#6.#,"'230#'1'"#Q'!300#,2'20 ,1$#01' ,"' "# 2' . 7+#,2' !-,2',3#"' 2-' #' 2&#' + ',' 0# 1'-$'1.#,"',%T'' ' 3,&)"-'.%-,)7'3#"+(f%#[' ' "1' ' + (-0' "-!3+#,2' &#*.',%' 2-' %3'"#' %-4#0,+#,2_1' .-*'!'#1Q' 2&#' TRST' 3', ,!' *' &2 2#+#,2' ,"' !3"%#2 07' .0-.-1 *' !-,2 ',#"' ' ,3+ #0' -$' +# 130#1' 0 ,%',%' $0-+' 2 6' ',!#,2'4#1' ,"' "(312+#,21' 2-' 1.#!'$'!' 1#!2-0 *' !2'-,1T' &%5#)(S'! 0 "-1'&2 2'12'! *''!#' $30',%'2&#'7# 0Q',-'0#4'1'-,1'5#0#'+ "#'2-'

8 The source for the Direction of Trade figures is 9 This was below the medium term fiscal target the Barbados Statistical Service. of 5.6 per cent.

20 Barbados Economic and Social Report 2012 III. The Barbados Economy

2&#' +#"'3+' /#0+' 3'1! *' &20 2#%7' ʚ+/3&ʛ' $0-+'',!-+#' ,"'.0-$'21Q' ,"' *1-'%--"1' ,"' TRSRVTRSV' "#1.'2#' 2&#' 0# *'8 2'-,' 2& 2' 1#04'!#1T' *-,V2 6' 0#4#,3#' *1-' 1&-5#"' ' %0-52&' 0#+ ',#"' 1*3%%'1&' 0#$*#!2',%' 2&#' "#!*',#' 5&#,' !-+. 0#"' 5'2&' 2&#' 7# 0' 12 231' /3-' ',' 2&#' ',2#0, 2'-, *' + 0)#21T' # 0*'#0T'' ;-5#4#0Q''2'5 1'0#!-%,'8#"'2& 2'%'4#,'2
#' ' "#4#*-.+#,21Q' 1-+#' "(312+#,21' 5'**' ,##"' )300#,2' ',$-0+ 2'-,' 1&-5#"' 2 6' 2-' #'+ "#'-4#0'2&#'1&-02'2-'+#"'3+'2#0+T' 0#4#,3#' 2-' & 4#' "0-..#"' 7' ,' #12'+ 2#"' ' $S[ZTW'+'**'-,'-0'ZTU'.#0'!#,2T'/&'1'5 1'"3#' ,,' 0#1.#!2' -$' 2&#' TRST' 3', ,!' *' 2-' ' 0#"3!2'-,' ',' # 0,',%1' $0-+' %--"1' ,"' &2 2#+#,2' ,"' !3"%#2 07' .0-.-1 *1Q' 2&#' 1#04'!#1'ʚ$YXTS'+'**'-,'-0'XTU'.#0'!#,2ʛ' ,"' 9-4#0,+#,2' ,,-3,!#"' "(312+#,21'2-'2&#' ',!-+#' ,"' .0-$'21' ʚ$ZTTW' +'**'-,' -0' SRTY' .#01-, *'2 6'2&0#1&-*"'5&'!&'5 1'',!0# 1#"' .#0'!#,2ʛT'/&#'',2 )#'$0-+'2&#'6 *3#V"""#"' $0-+' !$&$TVQTRR' 2-' !$&$URQRRRT' %,' 2&#' / 6' ʚ6"/ʛQ' 2&#' + ',' !-+.-,#,2' -$' %--"1' -2�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�#' 5#0#' *1-' ,#5' 2 6' +'**'-,'-5',%'2-'2&#'5'"#,',%'-$'2&#'',!-+#' +# 130#1' ,"' "(312+#,21' ',' 2&#' 1#*#!2#"' 2 6' ,"1' ,"'&'%�'0#$3,"1T' 0# 1' -$' &# *2&' ʚ ' ,#5' !$&$YWRTRR' 2 6' ' !0#"'2ʛQ'',2#0, 2'-, *' 31',#11'ʚ0#"3!2'-,'',' Figure 5 2&#'2 6'0 2#'2-'RTW'.#0'!#,2'','TRSTʛQ' ,"'2&#' Public Finance %0##,'#!-,-+7'5&'!&'5 1'%'4#,' '13'2#'-$' ',!#,2'4#1' 0 ,%',%' $0-+' "327' ,"' 6"/' #6#+.2'-,1' 2-' ',!-+#' 2 6' &-*'" 71' ,"' 2 6' "#"3!2'-,1T' ' ,2' 5 1' ,-2#"' 2& 2' 2 6' +# 130#1Q' 5&'!&'5#0#' ,,-3,!#"'','TRSRQ'+ ',*7'2&#' ',!0# 1#'','6"/'$0-+'SWTR'.#0'!#,2'2-'SYTW' .#0'!#,2Q'2&#''+.-1'2'-,'-$' 'WRTR'.#0' !#,2' ',!0# 1#' ',' 2&#' #6!'1#' 2 6' -,' % 1-*',#' ,"' ' "'#1#*Q' ,"' 2&#' 0#+-4 *' -$' 2&#' 2 6' $0##' ' **-5 ,!#1Q' 5-3*"' **' 0#+ ',' ',' .* !#' 3,2'*' (4.(*$,/5#(' $302�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

21 Barbados Economic and Social Report 2012 III. The Barbados Economy

#$-0#T' "1' ' .#0!#,2 %#' -$' !300#,2' $XZ[TW'+'**'-,' 2'2&#'#,"'-$'2&#'1 +#'.#0'-"' #6.#,"'230#Q' '2' 0#.0#1#,2#"' UYTW' .#0' !#,2T' TRSST' /&'1' 0#.0#1#,2#"' USTU' .#0' !#,2' -$' (6.#,"'230#' -,' %--"1' ,"' 1#04'!#1Q' 5&'!&' #6.-021'-$'%--"1' ,"'1#04'!#1' 1'-..-1#"'2-' $#**' 7' ,' #12'+ 2#"' $YTY' +'**'-,' 2-' $U[STZ' TYT[' .#0' !#,2' $-0' TRSST' /-2 *' +-02'1 2'-,' +'**'-,Q'0#.0#1#,2#"'SSTV'.#0'!#,2'-$'!300#,2' 12--"' 2' $UZUTY' +'**'-,Q' ,' ',!0# 1#' -$' #6.#,"'230#T' )300#,2' 20 ,1$#01' ,"' $SSTTY' +'**'-,Q' 5&'*#' 2-2 *' ',2#0#12' &3 1'"'#1Q' 5&'!&' 0-1#' 7' $WSTT' +'**'-,' 2-' . 7+#,21' +-3,2#"' 2-' $UZYTY' +'**'-,Q' ,' $SQRYUTX'+'**'-,Q'0#.0#1#,2#"'USTT'.#0'!#,2' ',!0# 1#' -$' $URTZ' +'**'-,T' $-+#12'!' "# 2' -$' !300#,2' #6.#,"'230#' !-+. 0#"' 2-' USTU' 1#04'!#' 2'2&#'#,"'-$'2&#'.#0'-"Q'12--"' 2' ,' .#0' !#,2' 2&#' .#0'-"' #$-0#T' /�#' 5 1' ' #12'+ 2#"' $WZRTY' +'**'-,' -$' 5&'!&' 1'%,'$'! ,2' ',!0# 1#' ',' %0 ,21' 2-' .3 *'!' +-02'1 2'-,' 5 1' $TZ[TW' +'**'-,' ,"' ',12'232'-,1' ʚ$TTTX' +'**'-,ʛT' /�#' 5 1' ,' ',2#0#12' . 7+#,21' $T[STT' +'**'-,T' 3-0#'%,' ',!0# 1#' ',' +-02'1 2'-,' ,"' ',2#0#12' "# 2' 1#04'!#Q' 5&'!&' +-3,2#"' 2-' ,' . 7+#,21'5&'!&'12--"' 2'$WVRTY'+'**'-,' ,"' #12'+ 2#"' $S[RTY' +'**'-,Q' 5 1' + "#V3.' -$' $WW[TW'+'**'-,'0#1.#!2'4#*7T' $[VTT' +'**'-,' $-0' +-02'1 2'-,' ,"' $[XTW' ' +'**'-,'$-0'',2#0#12'. 7+#,21T' f'2&'0#1.#!2'2-'! .'2 *'#6.#,"'230#Q' ' 2&'1' 0-1#' 7' $STZ' +'**'-,'-0' TTR' .#0' !#,2'2-' *"/,%*"-'$(!/' $[UTY' +'**'-,T' +-12' -$' 2&'1' 5#,2' 2-5 0"1' ' 20 ,1$#01' ʚ$VZTX' +'**'-,ʛ' ,"' ! .'2 *' "2' 2&#' #,"' -$' $#!#+ #0' TRSTQ' 2&#' $-0+3* 2'-,'ʚ$U[T['+'**'-,ʛT' 12-!)' -$' !#,20 *' %-4#0,+#,2' "# 2' 12--"' 2' ' ,' #12'+ 2#"' $[QWTSTS' +'**'-,' -0' SSTTY' .#0' 3,*"*),*9' !#,2'-$'9$.T'/&'1'0#.0#1#,2#"' ,'',!0# 1#'-$' ' $XWTTV' +'**'-,' -0' YTV' .#0' !#,2' -4#0' TRSST' /&#' -4#0 **' $'1! *' "#$'!'2' ʚ*#11' $-+#12'!' "# 2' 12--"' 2' $YQSWSTX' +'**'-,' -0' +-02'1 2'-,ʛ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f'2&' 0#1.#!2' 2-' "-+#12'!' "# 2Q' .0-(#!2'$', ,!',%'ʚ$-0#'%,'!-++#0!' *ʛT'/&#' 1&-02V2#0+' "# 2' -0' 20# 1307' '**1' 12--"' 2' + ','1-30!#1'-$'.0-(#!2'$', ,!',%'! +#'$0-+' $SQWU[TR'+'**'-,'-0'TSTW'.#0'!#,2'-$'2&#'2-2 *' 2&#',,2#0V"+#0'! ,'$#4#*-.+#,2'! ,)Q'$XTV' "-+#12'!'"# 2Q'5&'*#'*-,%V2#0+'"# 2Q'5&'!&' +'**'-,R' 2&#' ) 0' # ,' $#4#*-.+#,2' ! ,)Q' 5 1' #12'+ 2#"' 2' $WQUWSTV' +'**'-,Q' $STR' +'**'-,R' ,"' 2&#' f-0*"' ! ,)' ʚ,!#$ʛQ' 0#.0#1#,2#"'YVTZ'.#0'!#,2'-$'2-2 *'"-+#12'!' $TTW'+'**'-,T' "# 2T' ##% 0"',%' 2&#' $-0#'%,' "# 2' ' !-+.-,#,2Q'2&'1'!-,1'12#"'+ ',*7'-$'$-0#'%,' $(!/'&(#6,)('."7+(*/&' -,"1'4 *3#"' 2'$SQUTYT['+'**'-,R'*- ,1'$0-+' ' ',2#0, 2'-, *'$', ,!' *'',12'232'-,1'4 *3#"' 2' /-2 *' "# 2' 1#04'!#' . 7+#,21' 2' 2&#' $YTUTY'+'**'-,R'(30-V+ 0)#2'*- ,1'4 *3#"' 2' #,"' -$' $#!#+ #0' TRST' 12--"' 2' ,' $UTU'+'**'-,R' ,"'$USTTZ'+'**'-,'$0-+'-2�' #12'+ 2#"' $YYSTV' +'**'-,' !-+. 0#"' 5'2&' 1-30!#1T'

22 Barbados Economic and Social Report 2012 III. The Barbados Economy

Table 3.3-1 Current Revenue by Source 2008/2009 – 2012/2013

($ M) 2008/09 2009/10R 2010/11R 2011/12R 2012/13P Taxes on Income and Profits 893.1 801.1 743.1 772.2 689.7 Taxes on Property 158.2 115.4 150.1 133.8 138.6 Taxes on Goods and Services 1079.0 976.9 1053.4 1212.8 1136.6 Taxes on International Trade 219.5 178.4 191.3 195.6 198.1 Other taxes 18.6 14.3 11.8 11.7 11.2 Non-Tax Revenue 130.7 108.3 94.3 112.0 90.7 Special Receipts 115.1 66.0 53.8 70.1 23.5 Grant Income 7.5 35.4 2.8 15.9 31.9 Loans and Advances 0.0 0.0 0.0 0.0 0.0

Total Revenue 2621.7 2295.8 2300.6 2524.2 2320.3

SOURCE: Ministry of Finance and Economic Affairs

Table 3.3-2 Central Government Expenditure by Item 2008/2009 – 2012/2013 $M YEAR 2008/09 2009/10 2010/11 2011/12R 2012/13P Employment Expenses 832.7 866.4 860.3 867.4 870.3 Wages and Salaries 774.5 806.5 798.4 804.3 807.1 National Insurance Contributions 58.2 59.9 61.9 63.1 63.2 Goods and Services 420.6 414.1 378.4 399.4 391.8 Amortisation 507.8 442.5 821 454.6 540.7 Interest 396.3 436.7 500.3 527.3 559.5 Subsidies and Transfers 1137.1 1096.9 1174 1022.4 1073.6 Total 3294.5 3256.6 3734.0 3271.1 3435.9

SOURCE : Ministry of Finance and Economic Affairs

23 Barbados Economic and Social Report 2012 III. The Barbados Economy

Table 3.3-3 Central Government Operations 2008/2009 – 2012/2013 $M 2008/2009 2009/2010 2010/2011 2011/2012R 2012/2013P

Current Expenditure 3,294.4 3,256.6 3,734.0 3,272.4 3,435.9 Amortisation 507.8 442.5 821.0 454.6 540.7 Other 2,786.6 2,814.1 2,913.0 2,817.8 2,895.2 Current Revenue 2,621.8 2,295.9 2,300.6 2,524.1 2,320.4 Tax 2,483.5 2,152.2 2,203.5 2,396.4 2,279.4 Non-Tax 130.7 108.3 94.3 111.8 90.7 Loans and Advances 7.5 0.0 0.0 15.9 0.0 Grant Income 7.5 35.4 2.8 0.0 31.9 Current Surplus/ Deficit (672.6) (960.7) (1,433.4) (748.3) (1,115.5) Capital Expenditure and Net Lending 232.0 194.7 108.3 91.9 93.7 Capital Expenditure 232.0 194.7 108.3 91.9 93.7 Lending 0.0 0.0 0.0 0.0 0.0 Total Expenditure 3,526.4 3,451.3 3,842.3 3,364.3 3,529.6 Total Financing Requirements/ Overall Fiscal Deficit (less (904.6) (1,155.4) (1,541.7) (840.2) (1,209.2) Amortisation)

Amortisation 507.8 442.5 821 454.6 540.7 Net Financing

Requirements (Fiscal (396.8) (712.9) (720.7) (385.6) (668.5) Balance and Amortisation)

Financing Domestic 800.4 749.7 884.2 738.1 1010.5 Foreign 104.2 384.1 582.3 161.2 98.7 Financing Gap 0.0 (21.6) (75.2) 59.1 (0.0) Overall Deficit Net of Amortisation as % of GDP (at market prices) -4.8 -8.6 -8.8 -4.5 -7.3

SOURCE: Ministry of Finance and Economic Affairs ' '

24 Barbados Economic and Social Report 2012 III. The Barbados Economy

Table 3.3-4 Fiscal Deficit and Financing 2008/2009 – 2012/2013 $M 2008/09 2009/10 2010/11 2011/12R 2012/13P

Overall Deficit 904.6 1,133.8 1,466.5 840.2 1,160.4 Foreign Financing 104.2 384.1 582.3 161.2 98.7 Project Financing 61.5 84.1 24.0 21.2 9.9 Inter-American Development Bank (IADB) 38.3 32.3 5.9 16.4 6.4 World Bank(IBRD) 9.5 10.5 8.1 0.8 2.5 Caribbean Development Bank 6.2 6.2 4.0 4.0 1.0 European Investment Bank 0.0 0.0 0.0 0.0 0.0 European Development Fund 7.5 35.0 6.0 0.0 0.0 Other Projects 0.0 0.0 0.0 0.0 0.0 Republic of China 0.0 6.0 0.0 0.0 0.0 Non-Project Financing 0.0 300.0 558.3 140.0 88.8 Foreign Commercial 0.0 300.0 400.0 140.0 88.8 Other 0.0 0.0 158.3 0.0 0.0 Domestic Financing 800.4 749.7 884.2 738.1 1010.5 Government Savings Bonds 20.0 20.0 20.0 20.0 20.0 Debentures 675.0 625.0 430.0 400.0 585.0 Tax Reserve Certificates 0.0 0.0 0.0 0.0 0.0 Tax Refund Certificates 0.0 0.0 0.0 0.0 0.0 Treasury Bills 0.0 104.7 104.2 200.1 315.5 Treasury Notes 0.0 0.0 330.0 100.0 190.0 Other Domestic 105.4 0.0 0.0 18.0 0.0 Total Financing 904.6 1,133.8 1,466.5 899.3 1,209.2

SOURCE: Ministry of Finance and Economic Affairs ' ' $T'+%*(7Q'!"*[,*9'" *$')".,/"-' ',!0# 1#"T' "1' ' 0#13*2Q' 2&#' #6!#11' *'/3'"'27' 0 2'-'%0#5'0 .'"*7' $0-+'ZT[' .#0'!#,2' 2'2&#' "#[(/& + ' #,"' -$' $#!#+ #0' TRSS' 2-' SWTS' .#0' !#,2' 2' ' 2&#'#,"'-$'$#!#+ #0'TRSTT' 6(#6,(f % ' ' ' *-25'2&12 ,"',%' 2&#' %#,#0 *' $30',%' TRSTQ' 2&#' ,)',%' 1712#+' #!-,-+'!' !-,"'2'-,1' ',' 2&#' 5'"#0' *-! *' !-,2',3#"' 2-' #' !& **#,%#"' 1' "-+#12'!' #!-,-+7Q' 20 "',%' !2'4'27' 2' 2&#' ! 0 "-1' "#.-1'21' -$' !-++#0!' *' ,)1' 1&-5#"' + 0%', *'',!0# 1#1Q'5'2&'1'+'* 0'+-4#+#,21' &2-!)' (6!& ,%#' ',!0# 1#"' "30',%' TRSTT' ',' !0#"'2' !!3+3* 2'-,T' f'2&' + 0%', *' %4#0 **Q'+ 0)#2'4-*3+#'',!0# 1#"' 7'ST[TR' '+.0-4#"' .#0$-0+ ,!#' ',' !0#"'2' ,"' .#0' !#,2' 5&'*#' 11-!' 2#"' + 0)#2' 4 *3#' "#.-1'21Q' *'/3'"'27' ',' 2&#' ,)',%' 1712#+' "#!0# 1#"' 7'TRTR'.#0'!#,2T' ' '

25 Barbados Economic and Social Report 2012 III. The Barbados Economy

Table 3.4-1 Selected Indicators of the Banking System as at December 2008 – 2012 ($M) 2008 2009 2010 2011P 2012P

Net International Reserves 2011.0 2122.4 2183.5 2700.2 2892.2 Monetary Authorities 1359.2 1487.8 1434.9 1423.9 1467.1 Commercial Banks 384.9 341.9 455.9 983.6 1425.0 Other Public Bodies 266.9 292.7 292.7 292.7 292.7

Net Domestic Assets 5004.0 5053.3 5128.5 4411.6 4480.8 Credit to Public Sector 516.9 611.9 439.2 601.4 1033.7 Central Government (net) 732.8 853.3 711.7 839.7 1254.2 Other Public Sector (215.9) (241.4) (272.4) (238.4) (220.5)

Credit to Rest of Financial System 477.9 589.9 559.0 278.1 75.6 Liabilities to other Finance System 808.8 801.6 559.8 746.8 597.5 Credit to Private Sector 5010.9 4989.2 5065.5 5199.9 5752.2 Liabilities to the Private Sector 6755.8 6883.9 7153.5 6944.4 7373.0

Monetary Base 1135.4 1119.8 962.1 1151.0 1412.1 Currency in circulation 479.9 492.7 499.2 498.2 495.2 Currency held by banks 656.2 627.1 462.9 624.8 821.2 Memo items: Domestic Deposits 7607.1 7610.7 7541.7 7618.4 8027.5 Excess Liquidity Ratio (%) 9.0 9.9 9.3 8.9 15.1

SOURCE: Central Bank of Barbados ' ' )%++(#),"-'!"*['$(.%&,/&' "2' 2&#' #,"' TRSTQ' 2-2 *' "#+ ,"' ' "#.-1'21'12--"' 2'$TQVWUTZ'+'**'-,Q' '"#!*',#' /-2 *'"#.-1'21'-$'!-++#0!' *' ,)1Q' -$' XTT' .#0' !#,2' !-+. 0#"' 5'2&' $TQXSXTR' ',' ',!*3"',%' $-0#'%,' !300#,!7' "#.-1'21Q' TRSST' %$' 2&'1' +-3,2Q' "-+#12'!' "#+ ,"' ',!0# 1#"' 7' ,' #12'+ 2#"' TTW' .#0' !#,2' 2-' "#.-1'21' 12--"' 2' $TQST[TZ' +'**'-,Q' $ZQUXRTU'+'**'-,' 2'2&#'#,"'-$'TRSTT'%$'2&'1' 0#.0#1#,2',%'ZXTZ'.#0'!#,2'-$'2-2 *'"#+ ,"' 2-2 *Q' "-+#12'!' "#.-1'21' 12--"' 2' $ZQRTYTW' "#.-1'21T' 3-0#'%,' !300#,!7' "#+ ,"' +'**'-,Q' ,' '+.0-4#+#,2' -$' WTV' .#0' !#,2' "#.-1'21Q' 5&'!&' 12--"' 2' $UTVTR' +'**'-,Q' 5&#,'!-+. 0#"'5'2&'2&#'.0#4'-31'7# 0T'%,' !!-3,2#"' $-0' SUTT' .#0' !#,2' -$' 2&#' 2-2 *T' 2&#'-2�'& ,"Q'"#.-1'21'','$-0#'%,'!300#,!7Q' /'+#' "#.-1'21' ',!0# 1#"' "30',%' 2&#' 0#4'#5' 5&'!&' 2-2 *#"' $UUTTZ' +'**'-,Q' "#!0# 1#"' 7' .#0'-"' 2-' $SQXXZTX' +'**'-,Q' -4#' 2&#' $TRYTX' +'**'-,' -0' UZTV' .#0' !#,2' ',' !-,20 12' $SQVSSTW' +'**'-,' ' 7# 0' # 0*'#0T' "' + (-0' 2-' TRSST' f'2&',' 2&#' "-+#12'!' "#.-1'21' !-+.-,#,2'-$'2'+#'"#.-1'21Q'2&'1' #',%'2-2 *' ',!0# 1#1' 5#0#' 0#!-0"#"' ',' -2&' 31',#11' "-+#12'!'"#.-1'21Q'12--"' 2'$SQXXYTS'+'**'-,Q' $'0+1' ,"' 9-4#0,+#,2' "#.-1'21' 7'' 4'023 **7' **Q' 5&'*#' "#.-1'21' ',' $-0#'%,' TRTR'.#0'!#,2' ,"'S[T['.#0'!#,2'0#1.#!2'4#*7T' !300#,!7' +-3,2#"' 2-' $STX' +'**'-,' -0' RTS' .#0' !#,2' -$' 2&#' 2-2 *T' /&#' *#4#*' -$' 1 4',%'

26 Barbados Economic and Social Report 2012 III. The Barbados Economy

"#.-1'21' "30',%' 2&#' 7# 0' %0#5' $0-+' +%*(7'&5..-7' $VQSUSTT' +'**'-,' 2-' $VQTUYT[' +'**'-,T' ' &'+'* 0*7Q'2-2 *'"-+#12'!'"#.-1'21Q'2&#'+ (-0' "2' 2&#' #,"' -$' *-4#+ #0' TRSTQ' 2&#' !-+.-,#,2Q' 0#.0#1#,2#"' [[TZ' .#0' !#,2Q' 2-2 *' +-,#7' 13..*7Q' 5&'!&' !-,1'12' -$' 5&'*#' "#.-1'21' -,' $-0#'%,' !300#,!7' 5#0#' !300#,!7' 5'2&' 2&#' .3 *'!' ,"' "#+ ,"' ',1'%,'$'! ,2T' "#.-1'21'ʚ+SʛQ'"#!0# 1#"' 7'$USSTX'+'**'-,' ' -0' SRTT' .#0' !#,2' 2-' $TQYWWTY' +'**'-,T' )%++(#),"-'!"*['&()/%#"-')#($,/' )300#,!7'5'2&'2&#'.3 *'!'',!0# 1#"' 7'$ZTV' ' +'**'-,' -0' ..0-6'+ 2#*7' STY' .#0' !#,2' 2-' "2'2&#'#,"'-$'TRST'2-2 *'!-++#0!' *' $WRVTS' +'**'-,Q' 5&'*#' "#+ ,"' "#.-1'21' ,)'!0#"'2'12--"' 2' ,'#12'+ 2#"'$XQSV[TS' "#!0# 1#"' 7' STTV' .#0' !#,2' -0' $UTRTS' +'**'-,Q' ,' ',!0# 1#' -$' XTU' .#0' !#,2' 5&#,' +'**'-,T' !-+. 0#"' 5'2&' 2&#' $WQYZVTS' +'**'-,' ' 0#!-0"#"' $-0' 2&#' 1 +#' .#0'-"' TRSST' )0#"'2' ' 2-' 2&#' .0-"3!2'4#' 1#!2-01' 1&-5#"' 1'%,1' -$' Figure 6 0#"3!#1' !2'4'27' 1' *- ,1' 2-' 2&#' %0'!3*230#' Commercial Bank Sectoral Credit (% of total credit) 2006 - 2012 ,"'+ ,3$ !230',%'1#!2-01'"#!*',#"' 7'TYTR' .#0' !#,2' ,"' TUT[' .#0' !#,2Q' 0#1.#!2'4#*7Q' 5&'*#' 2-30'1+' ',!0# 1#"' 7' VTR' .#0' !#,2T'' )0#"'2' 2-' $', ,!' *' ',12'232'-,1' $#**' 7' YWTY' .#0'!#,2Q'5&'*#'!0#"'2'2-'',"'4'"3 *1'%0#5' 7' SWTZ' .#0' !#,2T' )0#"'2' 2-' 2&#' !-,1203!2'-,' 1#!2-0' *1-' ',!0# 1#"' 7' UTX' .#0' !#,2Q' !-3.*#"'5'2&' ,'',!0# 1#'-$'YTU'.#0'!#,2'',' 9-4#0,+#,2' -00-5',%T'' ' ' ' Table 3.4-2 Commercial Bank Deposits 2007 – 2012 $M Type of Deposit 2007 2008 2009 2010 2011P 2012P

Demand 3299.7 3122.3 3213.1 3040.8 2616.0 2453.8

Savings 3411.4 3666.5 4043.1 4110.3 4131.2 4237.9

Time 2345.2 2146.1 1540.5 1498.9 1411.5 1668.6

Total Deposits 9056.4 8935.0 8783.7 8650.0 8158.8 8360.3

SOURCE : Central Bank of Barbados ' ' !"*['#(95-"/,%*'" *$'&5.(#6,&,%*' ʚTʛ' !-++#0!' *' ,)1Q' ,"' 2&#' !/3'1'2'-,' ' -$' ' . 02' ,,,' *'!#,1##' 7' '21' . 0#,2' /&#' ! ,)' &3.#04'1'-,' $#. 02+#,2' !-++#0!' *' ,)' ',' 2&#' "-+#12'!' 1#!2-0T'' ʚ!&$ʛ' !-,2',3#"' 2-' -.#0 2#' ',' ' "7, +'!' /&#' ,3+ #0' -$' ',2#0, 2'-, *' ,)1' ,)',%' 1#!2-0' 5&'!&' $ !#"' !& **#,%#1' ,"' 0#+ ',#"'3,!& ,%#"' 1'2�#'5 1'2&#'#,207' 0#1'"3 *' #$$#!21' -$' 2&#' %*- *' #!-,-+'!' ,"' ,"'#/3'4 *#,2'#6'2'-$'25-'ʚTʛ' ,)1T''"2'2&#' $', ,!' *' !0'1'1T' /&#' ,3+ #0' -$' $', ,!' *' #,"' -$' &#.2#+ #0' TRSTQ' 2-2 *' 11#21' ',' 2&#' ',12'232'-,1' 0#%3* 2#"' 7' 2&#' !&$' "#!*',#"' "-+#12'!' ,)',%' 1#!2-0' 1&-5#"' + 0%', *' 2-'1'627V2&0##'ʚXUʛ'"3#'2-'2&#'+#0%#0'-$'25-' %0-52&'-$'TTT'.#0'!#,2'2-'$SUTU' '**'-,'5&#,'

27 Barbados Economic and Social Report 2012 III. The Barbados Economy

!-+. 0#"' 5'2&' 2&#' 1 +#' .#0'-"' -$' TRSST' /&#' 3', ,!' *' &2 '*'27' 5,'2' ʚ3&5ʛ' """'2'-, **7Q'2&#' 11#21'-$'2&#'',2#0, 2'-, *' #12 *'1&#"' ',' TRSR' 7' 2&#' ##1# 0!&' ,"' ,)',%'1#!2-0'#6. ,"#"' 7'SWTZ'.#0'!#,2'2-' (!-,-+'!' ", *71'1' $#. 02+#,2' .3 *'1&#"' 0# !&'$[STT' '**'-,T'' '21'$'012'3', ,!' *'&2 '*'27'##.-02'','h ,3 07' ' TRST' ,"' ,'3." 2#'','"3%312'TRSTT'' $30',%' 2&#' 0#4'#5' .#0'-"' 25-' ' ',2#0, 2'-, *' ,)' *'!#,!#1' 5#0#' %0 ,2#"' /&#' !&$' + ',2 ',#"' ' !*-1#' 3,"#0' 2&#' ,,2#0, 2'-, *' 3', ,!' *' '!#1' 0#* 2'-,1&'.' 5'2&' *-! *Q' 0#%'-, *' ,"' "!2Q') .T'UTW'ʚ,3&"ʛQ' ,"'25-'',2#0, 2'-, *' ',2#0, 2'-, *' -"'#1' ',4-*4#"' ',' 2&#' ,)1' *'!#,1#"' 3,"#0' 2&#' ,3&"' !-+.*#2#"' 13.#04'1'-,' -$' $', ,!' *' ',12'232'-,1T' /&#' 2&#'5',"'3.'.0-!#11T'''/�#'5#0#'25-'ʚTʛ' "#. 02+#,2'!-,2',3#"'2-' #'0#.0#1#,2#"' 2' ,#5'*'!#,!#' ..*'! 2'-,1'.#,"',%' 2'2&#'#,"' 2&#') 0' # ,'90-3.'-$'! ,)',%'&3.#04'1-01' -$'2&#' .#0'-"Q' -,#' ʚSʛ' 3,"#0' . 02' ,,,' -$' 2&#' ʚ)9!&ʛ'5-0)',%'%0-3.'+##2',%1'2-'"'1!311' 3,"' ,"'-,#'ʚSʛ'3,"#0'2&#',3&"T'' + 22#01'13!&' 1'0#%'-, *'!0'1'1'+ , %#+#,2Q' ' !-,1-*'" 2#"'13.#04'1'-,' ,"'! 1#*',, ,,,T'',2' /&#' !&$' !-,2',3#"' '21' 4'%'* ,!#' *1-' 0#+ ',#"' !2'4#' ',' %0-3.1' 13!&' 1' 2&#' -4#0' 2&#' ,)',%' 1712#+' 3,"#0' '21' 0'1)V "11-!' 2'-,' -$' &3.#04'1-01' -$' ! ,)1' -$' 2&#' 1#"' 13.#04'1-07' ..0- !&' 2&0-3%&' 2&#' "+#0'! 1' ʚ"&!"ʛQ' 2&#' ) 0' # ,' 3', ,!' *' 31#' -$S' ',2#0' *' Q' -,1'2#' ',1.#!2'-,Q' -$$1'2#' "!2'-,' / 1)' 3-0!#' ,"' 2&#' 90-3.' -$' 1304#'** ,!#' ,"' +##2',%1' 5'2&' 2&#' ,,2#0, 2'-, *' 3', ,!#' )#,20#' &3.#04'1-01' "'0#!2-01' ,"' 1#,'-0' + , %#+#,2' -$' -2&' ʚ$-0+#0*7' %$$1&-0#' 90-3.' -$' ! ,)',%' "-+#12'!' ,"' ',2#0, 2'-, *' ,)1T' ' $30',%' &3.#04'1-01ʛ' 5�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ʚUWʛ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

28 Barbados Economic and Social Report 2012 III. The Barbados Economy

$SQWSUTT' $-0' 2&#' !-00#1.-,"',%' .#0'-"' $-0' ',4#12+#,21Q' ',!0# 1#"' + 0%', **7' $0-+' TRSST' ' /&#' 0 2#' -$' %0-52&' $-0' 2&#' .#0'-"' $TYSTX'+'**'-,' 2'$#!#+ #0'TRSS'2-'$TZWTZ' TRSS' 2-' TRST' 5 1' *-5#0' 2& ,' ',' 2&#' +'**'-,' 2'$#!#+ #0'TRSTT'/&#'4 *3#'-$',#2' .0#!#"',%' 7# 01' 1' 2&#' !300#,2' #!-,-+'!' *- ,1'#62#,"#"'2-'+#+ #01'0-1#' 7'TTY'.#0' !*'+ 2#' !-,2',3#"' 2-' '+. !2' -,' 2&#' !0#"'2' !#,2' 2-' 0# !&' $SQTRVTR' +'**'-,' !-+. 0#"' 3,'-,' +#+ #01&'._1' '*'27' 2-' 1 4#T' -'/3'"' 5'2&'$SQSYTTR'+'**'-,'','TRSST' 11#21Q' 5&'!&' !-+.0'1#"' ! 1&' ,"' ' ' Table 3.4-3 Performance of Credit Unions 2011 - 2012 Exp. % Change 2011 2012 2011/2012

Active Credit Unions 35.0 35.0 0.0 Members 157,198.0 148,730.0 -0.1 Assets ($M) 1,512.0 1,579.0 4.4 Net Loans to Members ($M) 1,172.0 1,204.0 2.7 Members' Savings in ($M): (a) Regular Deposits 643.1 658.4 2.4 (b) Term Deposits 343.4 379.6 10.5 (c) Other Deposits 76.9 24.2 -68.5 (d) Shares (Capital) 25.1 24.3 -3.2 (e) Members' Shares 170.6 231.9 35.9 Total 1,259.1 1,319.4 4.7

Statutory Reserves ($M) 105.0 121.2 15.4

SOURCE : Financial Services Commission ' $30',%'2&#'0#4'#5'.#0'-"Q'*- ,'*-11' %0#5' 7' $SXTT' +'**'-,' -0' SWTV' .#0' !#,2' 2-' .0-4'1'-,' 0# !&#"' TTX' .#0' !#,2' -$' 2&#' 2-2 *' $STSTT' +'**'-,' 2' 2&#' #,"' -$' 2&#' 0#4'#5' .-02$-*'-Q' !-+. 0#"' 5'2&' TTT' .#0' !#,2' ',' .#0'-"T' TRSST' /&#' **-5 ,!#' $-0' "-3 2$3*' *- ,1' ' !0-11'2&#'1#!2-0'',!0# 1#"'2-'$U[TX'+'**'-,Q' ,*&5#"*)(',*$5&/#7' ,' ',!0# 1#' -$' $WTX' +'**'-,T' %,' 2&#' ',!-+#' ' 1'"#Q'2&#'!-12' "'"# 2'!*'+ #"'2-'$WTU'$0-+' "1' 2' $#!#+ #0' USQ' TRST' ' 2-2 *' -$' $WTS'+'**'-,Q' ,'',!0# 1#'-$'WTT'.#0'!#,2T' 25#,27V1#4#,'ʚTYʛ',#5'*'!#,!#' ..*'! 2'-,1' ' 5#0#' + "#' $-0' #6#+.2' ʚTSʛQ' &-*"',%' ʚRʛQ' /-2 *' 1 4',%1' 7' +#+ #01' 0-1#' + , %#+#,2' ʚVʛ' ,"' /3 *'$7',%' ʚTʛ' 1*'%&2*7' 7' VTY' .#0' !#,2' 2-' $SQUSZTV' +'**'-,' !-+. ,'#1T' /&'1' '1' !-+. 0#"' 5'2&' 2&'027V 1' !-+. 0#"' 5'2&' ,' ',!0# 1#' -$' SWTU' .#0' !#,2'','TRSST''%$'2&#'!-+.-,#,21'+ )',%'3.' 2&0##' ʚUUʛ' ',' TRSST' "**' 25#,27V1#4#,' ʚTYʛ' +#+ #0' 1 4',%1Q' 2#0+' "#.-1'21' %0#5' 7' ..*'! 2'-,1' + "#' 5#0#' ..0-4#"' ,"' SRTW'.#0'!#,2'-0'$W[TU'+'**'-,Q'5&'*#'0#%3* 0' *'!#,!#1'5#0#'%0 ,2#"T'"2'2&#'#,"'-$'TRSTQ' ' "#.-1'21'',!0# 1#"' 7'TTV'.#0'!#,2'-0'$SUTT' 2-2 *' -$' SXX' #6#+.2' ',130 ,!#' !-+. ,'#1Q' +'**'-,T' !-2&' ! .'2 *' 1& 0#1' ,"' -2�' 25#,27V$-30' ʚTVʛ' + , %#+#,2' !-+. ,'#1Q' "#.-1'21' "#!*',#"' 7' UTT' .#0' !#,2' ,"' XZTW' $-027V,',#' ʚV[ʛ' /3 *'$7',%' ',130 ,!#' .#0'!#,2Q'0#1.#!2'4#*7T''+#+ #0'1& 0#1'%0#5' !-+. ,'#1' ,"' 1'62##,' ʚSXʛ' &-*"',%' 7' UWT[' .#0' !#,2Q' 5&'*#' 12 232-07' 0#1#04#1' !-+. ,'#1'5#0#'0#%'12#0#"'','! 0 "-1T'

29 Barbados Economic and Social Report 2012 III. The Barbados Economy

!"#!"$%&'&/%)['(4);"*9(' -'+'2#"' 2'$SSTYW' 0',%',%'2&#'2-2 *'4-*3+#' ' ,"' 4 *3#' -$' 2 )#-4#0' 20 ,1 !2'-,1' 2-' "' !-+. 0'1-,' -$' 2-2 *' 20 "',%' [Q[ZRQTST' ,"' $TSYTX' +'**'-,Q' 0#1.#!2'4#*7T' 4-*3+#' ,"' 4 *3#' TRST TRSSQ' ',!*31'4#' -$' ,,' TRSTQ' ##.3 *'!' ! ,)' -'+'2#"' .30!& 1#"' #620 -0"', 07' 20 ,1 !2'-,1' $-0' TRST' 2&-1#' SQUVYQVZ[' 1& 0#1' -$' ##.3 *'!' ! ,)' 2& 2'-!!300#"'','TRSS'V'(+(#"'ʚ! 0 "-1ʛ' ! 0 "-1' -'+'2#"' 2' $WTRR' .#0' 1& 0#R' 2&#' ;-*"',%1' *-T' T' ,,!-0.-0 2#"' 2 )#-4#0' -$' 4 *3#' 20 "#"' 5 1' $XTY' +'**'-,T' (6!*3"',%' -'%&2' ,"' .-5#0' ;-*"',%1' -'+'2#"' ,"' 2
#'20 ,1 !2'-,1'$0-+'2&#'##%3* 0'+ 0)#2' "+)-' ;-*"',%1' -'+'2#"' 2 )#-4#0' -$' "*&"' !2'4'27' $-0' 2&#' .#0'-"1' 3,"#0' #6 +', 2'-,Q' +!"-' ʚ! 0 "-1ʛ' -'+'2#"Q' 1&-5#"' ,' 2&#'4-*3+#'20 "#"'5-3*"'& 4#'"#!0# 1#"' 7' ',!0# 1#'','2-2 *'20 "',%'4-*3+#'-$'ST[TR'.#0' WTR'.#0'!#,2'5&'*#'4 *3#'20 "#"'5-3*"'& 4#' !#,2' 32' '"#!0# 1#'','2-2 *'20 "',%'4 *3#'-$' ',!0# 1#"' 7'STR'.#0'!#,2T' TRTR'.#0'!#,2T' ' ' "' 12 2'12'! *' !-+. 0'1-,' -$' ##%3* 0' + 0)#2' ',"'!#1' 1&-5#"' +-"#0 2#' + 0)#2' !2'4'27' $-0' 2&#' 0#.-02',%' .#0'-"' '+.0-4#+#,2'','TRST'5&#,'!-+. 0#"'5'2&' ',"'! 2#"' '+.0-4#+#,21' ',' #'%&2' ʚZʛ' -$' 2&#' 2&#'!*-1',%'$'%30#1'$-0'TRSST'"2'7# 0V#,"Q'2&#' $-302##,' ʚSVʛ' 0# 1T' %4#0 **Q' 2&#' ##%3* 0' --! *',,"#6'5 1'2&#'-,*7'+# 130#'2-'0#!-0"' + 0)#2' 0#!-0"#"' [VU' 20 "#1' ',' TRSTQ' '"#!0# 1#'-$'WTY'.#0'!#,2T'/&#')0-11V*'12#"' 0#.0#1#,2',%' ' WTV' .#0' !#,2' '+.0-4#+#,2' ,"')-+.-1'2#'',"'!#1'0-1#' 7'STT['.#0'!#,2' -4#0'2&#'Z[W'20 "#1'5&'!&'-!!300#"'','TRSST' ,"' STS' .#0' !#,2' 0#1.#!2'4#*7Q' -4#' 2&#' ' TRSS' $'%30#1T' /
#' ',!0# 1#1' 5#0#' "3#' Figure 7 .0'+ 0'*7' 2-' 2&#' ',!0# 1#"' 20 "#"' .0'!#' -$' Securities Exchange of Barbados 2003 - 2012 2&0##' ʚUʛ' -$' 2&#' $-30' ʚVʛ' )0-11V*'12#"' 1#!30'2'#1'-,'2&#' - 0"'-$'2&#'!&(T'h + '! ' +-,#7' + 0)#2' !0-)#01' -'+'2#"' .0'!#' ',!0# 1#"' 7'WRTR'.#0'!#,2Q'*# *' ,"'+ 117' ;-*"',%1'-'+'2#"'.0'!#'0-1#' 7'UTU'.#0'!#,2' ,"' %,#' ) 0' # ,' +#"' ' -'+'2#"' .0'!#' ',!0# 1#"' 7' XSTR' .#0' !#,2T' + 0)#2' ) .'2 *'8 2'-,'.#0$-0+#"'1'+'* 0*7'5'2&'2&#' *-! *' + 0)#2' ! .Q' 5&'!&' #6.#0'#,!#"' ' "#!0# 1#'-$'ST['.#0'!#,2' ,"'2&#')0-11V*'12#"' 5&'!&'',!0# 1#"' 7'SUTZ'.#0'!#,2T' ' ' h5*,%#'+"#[(/'' /#"$,*9'")/,6,/7' ' ' /&#' ,3+ #0' -$' 1#!30'2'#1' *'12#"' -,' #(95-"#'+"#[(/' 2&#'h3,'-0'+ 0)#2'',!0# 1#"'$0-+'25-'ʚTʛ'2-' ' $-30' ʚVʛ' 5&#,' #-7 *' 3'"#*'27' ʚ! 0 "-1ʛ' ,,'TRSTQ'2&#'##%3* 0'+ 0)#2'1&-5#"' ,,4#12+#,2' 33,"' -'+'2#"' *'12#"' 25-' -$' '21' "#!0# 1#1' 5&#,' !-+. 0#"' 5'2&' 2&#' 13 V$3,"1' -,' 2&#' h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ʚ! 0 "-1ʛ' ;-*"',%1' *-T' T' ,,!-0.-0 2#"' /,9#&' "' 33,"' 5 1' 2&#' -,*7' 1#!30'27' 2-' .30!& 1#"' YQSZ[QZST' 1& 0#1' -$' -'%&2' ,"' 0#!-0"' ,7' 20 "',%' !2'4'27T' /�#' 5#0#' .-5#0' ;-*"',%1' -'+'2#"' 2' $TWTYR' 5&'*#' 2&0##' ʚUʛ' 20 "#1' 0#!-0"#"' 2-2 **',%' TQRRR' "+)-' ;-*"',%1' -'+'2#"' .30!& 1#"' 1& 0#1' 5'2&' ' 4 *3#' -$' $TRQ[TWT' /&#' $3,"' TQYZZQVRR'1& 0#1'-$'"*&"'+!"-'ʚ! 0 "-1ʛ' 0#!-0"#"' 'TTU'.#0'!#,2'"#!*',#'','.0'!#'$0-+'

30 Barbados Economic and Social Report 2012 III. The Barbados Economy

$SRTYW' 2'2&#'!*-1#'-$'TRSS'2-'$SRTWR' 2'2&#' ,,' 2&#' $-302&' /3 02#0' -$' TRSTQ' **' !*-1#'-$'TRSTT' + 0)#2'+# 130#1'"#!*',#"T'/&#'--! *',,"#6' ' ,"' + 0)#2' ) .'2 *'8 2'-,' +# 130#1' %$$'-%/'" *$'.5/V/;#%59;'+"#[(/' 0#!-0"#"'2&#'* 0%#12'"#!*',#1'-$'UTW'.#0'!#,2' ' ,"' TTW' .#0' !#,2Q' 0#1.#!2'4#*7T' /
#' /&#'-4#0 **'.#0$-0+ ,!#'-$'2&#'%""V "#!0# 1#1'0#13*2#"'$0-+'2&#'"#!*',#'','1& 0#' --2' + 0)#2' 0#!-0"#"' "#!*',#1' -$' SXTR' .#0' .0'!#1'-$',',#'ʚ[ʛ'*-! **7'*'12#"'1#!30'2'#1T'' !#,2' ,"' T[TR' .#0' !#,2' ',' 2#0+1' -$' 4-*3+#' ' ,"' 4 *3#Q' 0#1.#!2'4#*7T' & %'!-0' 3', ,!' *' "$6"*)(#& $()-,*(#&'' )-0.-0 2'-,' 5 1' 2&#' +-12' !2'4#*7' 20 "#"' ' 1#!30'27'','2#0+1'-$'4-*3+#'20 "#"Q'20 "',%' 3-0' 2&#' 7# 0' 3,"#0' 0#4'#5Q' 1#4#,' VYQRZ[' 1& 0#1T' /' 5#0#' $-**-5#"' 7' ʚYʛ'-$'2&#'25#,27V#'%&2'ʚTZʛ'*'12#"'1#!30'2'#1' ! ,)1' ;-*"',%1' -'+'2#"' ʚTTQT[Z' 1& 0#1ʛ' "4 ,!#"Q' #*#4#,' ʚSSʛ' "#!*',#"Q' 2&0##' ʚUʛ' ,"' 9-"" 0"' (,2#0.0'1#1' -'+'2#"' ʚSZQW[X' 0#+ ',#"' 3,!& ,%#"Q' 1#4#,' ʚYʛ' "'"' ,-2' 1& 0#1ʛT' ,,' 2#0+1' -$' 4 *3#' 20 "#"Q' 9-"" 0"' 20 "#' -$' 5&'!&' 25-' ʚTʛ' 5#0#' ,#5*7' *'12#"' (,2#0.0'1#1'-'+'2#"'5 1'2&#'2-.'.#0$-0+#0' 1#!30'2'#1T' 5'2&' $SRZQSVXT' & %'!-0' 3', ,!' *' )-0.-0 2'-,' ʚ$SRYQWUTʛ' ,"' *# *' ,"' ' + 117' ;-*"',%1' -'+'2#"' ʚ$SRTQVZSʛ' *# *' ,"' + 117' ;-*"',%1' -'+'2#"' 0-3,"#"' -32' 2&#' 2-.' 2&0##' .#0$-0+#01' ',' & "' 2&#' %0# 2#12' 1& 0#' .0'!#' ..0#!' 2'-,' 2#0+1'-$'4 *3#T' $-0' TRSTQ' ,' ',!0# 1#' -$' XSTR' .#0' !#,2T' ' h + '! '+-,#7'+ 0)#2'!0-)#01'-'+'2#"'5 1' !-%)['/#"$('+"#[(/' 2&#' -,*7' -2�' 1#!30'27' 2& 2' & "' ' 1& 0#' ' ..0#!' 2'-,'%0# 2#0'2& ,'SRTR'.#0'!#,2'5'2&' /�#' 5#0#' ,-' *-!)' 20 "#1' "30',%' WRTR' .#0' !#,2T' /&#' $'4#' ʚWʛ' 0#+ ',',%' 2&#' $'012' 2&0##' /3 02#01' -$' TRSTT' ;-5#4#0Q' 1#!30'2'#1' 2& 2' #6.#0'#,!#"' 1& 0#' .0'!#' "30',%' 2&#' $-302&' /3 02#0' 2&0##' ʚUʛ' *-!)' ..0#!' 2'-,' 5#0#' 3'012) 0' # ,' ,,2#0V 20 "#' 20 ,1 !2'-,1' -!!300#"T' "**' , 2'-, *' ! ,)' 5'2&' WTT' .#0' !#,2Q' & %'!-0' 20 ,1 !2'-,1' 5#0#' ..0-4#"' 7' 2&#' !&(' 1' 3', ,!' *')-0.-0 2'-,'.0#$'XTW'.#0'!#,2' ,"' # !&' 5 1' ',' !!-0" ,!#' 5'2&' '2#+' $-30' ʚVʛ' ,,130 ,!#' )-0.-0 2'-,' -'+'2#"' -2&' 5'2&' -$' 2&#' !&(' !*-!)' /0 "#' #3*#1 SR T' ##.3 *'!' VTR' .#0' !#,2Q' *# *' ,"' + 117' ;-*"',%1' ! ,)' ! 0 "-1' -'+'2#"' 5 1' 2&#' 1-*#' -'+'2#"' 5'2&' UTU' .#0' !#,2' ,"' ) 4#' 1#!30'27'20 "',%' '2-2 *'-$'URQZSYQ[RZ'1& 0#1' &&#.�"' ,"' )-+. ,7' -'+'2#"' 5'2&' STY' 2'$WT'' .#0'!#,2T' ' ' ,*$,)(&'" *$'+"#[(/')".,/"-,o"/,%*' 3'4#' ʚWʛ' !-+. ,'#1' #6.#0'#,!#"' ' "#!*',#1'','#6!#11'-$'SRTR'.#0'!#,2'','TRSTT' /�#' 5#0#' ',!0# 1#1' ',' -2&' 2&#' "*+-,"' ##1-021' ,,!-0.-0 2#"' 13$$#0#"' 2&#' )0-11V-'12#"'ʚSTT['.#0'!#,2ʛ' ,"')-+.-1'2#' * 0%#12' "#!*',#' 1' 2&#'0' 1& 0#' .0'!#' $#**' 7' ʚSTS' .#0' !#,2ʛ' ',"'!#1' $-0' TRSTT' /&#'0' !-00#1.-,"',%'+ 0)#2') .'2 *'8 2'-,'4 *3#1' XRTR'.#0'!#,2' 2'2&#'#,"'-$'TRSTT'! 0 "-1' $-0'TRST' *1-'0#!-0"#"'',!0# 1#1'-$'SUTZ'.#0' $ '07' ,,"3120'#1' -'+'2#"Q' ! 0 "-1' 3 0+1' !#,2' ,"' RTZ' .#0' !#,2Q' 0#1.#!2'4#*7T' /&#' -'+'2#"Q' & %'!-0' 3', ,!' *' )-0.-0 2'-,' ,"' --! *' ,,"#6' ,"' + 0)#2' ) .'2 *'8 2'-,' 3-020#11') 0' # ,'.0-.#027'33,"'5#0#'2&#' .#0$-0+ ,!#' 0#!-0"#"'"#!0# 1#1'-$'WTY'.#0' -2�' !-+. ,'#1' 2-' #6.#0'#,!#' "#!*',#1' ',' !#,2' ,"'ST['.#0'!#,2Q'0#1.#!2'4#*7T' #6!#11'-$'SRTR'.#0'!#,2T' '

SR ' b/&#' 1 *#' ,"' .30!& 1#' -$' ' *'12#"' 1#!30'27' .3013 ,2' 2-' ' 2 )#V-4#0' 20 ,1 !2'-,Q' !-,"3!2#"' -0' 2-' #'!-,"3!2#"'',' !!-0" ,!#'5'2&'2&#' ..*'! *#' * 51Tc'

31 Barbados Economic and Social Report 2012 III. The Barbados Economy

' Table 3.4-4 Securities Exchange Trading (Selected Markets) 2005-2012

Shares Total Year Common Preferred Put-thrus Volume Value No. No. No. No. ($M)

2005 43,375,646 1,597 662,103 44,696,139 190.1 2006 12,842,607 1,123 342,799 643,431,592 2,072.9 2007 155,339,232 N/A 2,584,811 162,385,901 597.3 2008 71,880,741 N/A 5,912,068 78,516,134 537.6 2009 7,450,244 N/A 2,756,141 10,428,654 49.5 2010 10,690,300 N/A 32,180 13,783,646 71.3 2011 16,162,861 N/A 890,195 17,228,797 242.6 2012 7,974,092 N/A 531,269 39,468,161 193.3

SOURCE: Securities Exchange of Barbados

Table 3.4-5 Volume of Shares Traded (top five companies) 2011-2012

VOLUME LEADER 2011 2012 % Change

Sagicor Financial Corporation 1,073,982 1,593,145 48.3

Republic Bank Barbados Limited 2,800 1,371,291 48,874.7 FirstCaribbean International Bank 707,569 916,329 29.5

ANSA McAL (Barbados) Limited 2,788,400 761,324 (72.7) One Caribbean Media Limited 267,041 641,064 140.1

SOURCE : Barbados Stock Exchange ' Table 3.4-6 Index & Market Capitalisation 2011-2012 2011 2012 %Change Index Local 3,267.18 3,082.38 (5.7) Cross-Listed 1,142.23 1,289.35 12.9 Composite 722.07 730.04 1.1 Market Capitalisation Local 9,127,101,474 8,957,484,391 (1.9) Cross-Listed 1,896,819,202 2,159,097,185 13.8 Composite 11,031,870,677 11,124,381,576 0.8

SOURCE: Barbados Stock Exchange

32 Barbados Economic and Social Report 2012 III. The Barbados Economy

(T'(+.-%7+(*/Q',*3-"/,%*'" *$' (+.-%7+(*/'! 7',*$5&/#7'" *$'%))5."/,%*' ' -"!%5#'+"#[(/' /&#' f&-*#1 *#' ,"' ##2 '*' /0 "#' ' &#!2-0' .0-4'"#"' 2&#' &'%' *#4#*' -$' (+.-%7+(*/' #+.*-7+#,2Q'5&'!&'12--"' 2'TRQTRR'.#01-,1' ' 2'2&#'#,"'-$'TRSTT')-,1203!2'-,Q'+',',%' ,"' "2' 2&#' #,"' -$' TRSTQ' 2�#' 5#0#' i3 007',%'.0-4'"#"'(- 1'$-0'SUQRRR'.#01-,1Q' STWQURR' #+.*-7#"' .#01-,1' ',' ! 0 "-1T' 5&'*#' 2&#' "!!-++-" 2'-,' ,"' 3--"' /&'1'5 1' '"#!0# 1#'-$'UQSRR'.#01-,1'5&#,' '!#1' &#!2-0' .0-4'"#"' (- 1' $-0' STQYRR' !-+. 0#"' 5'2&' 2&#' .0#4'-31' 7# 0Q' 5&#,' .#01-,1Q'.3 *'!'""+','120 2'-,' ,"'$#$#,!#' STZQVRR' .#01-,1' 5#0#' #+.*-7#"T' ʚ[QXRR' .#01-,1ʛQ' + ,3$ !230',%' ʚZQVRR' "*2#0, 2'4#*7Q' SXQVRR' .#01-,1' 5#0#' .#01-,1ʛQ' ,"' /0 ,1.-02 2'-,' ,"' &2-0 %#' 3,#+.*-7#"' 2' 2&#' #,"' -$' 2&#' .#0'-"Q' 1' ʚYQWRR'.#01-,1ʛT' !-+. 0#"' 5'2&' SXQSRR' .#01-,1' 2&#' 7# 0' ' #$-0#T' "1' ' 0#13*2' 2&#' 3,#+.*-7+#,2' 0 2#' ! 1#"' -,' 2&#' ! 0 "-1' &2 2'12'! *' 0-1#'2-'SSTX'.#0'!#,2Q'3.'$0-+'SSTU'.#0'!#,2' '!#'* -30'$-0!#'1304#7Q'TUQVRR'.#01-,1' 2'2&#'#,"'-$'TRSST'/&#'3,#+.*-7+#,2'0 2#' 5#0#' #+.*-7#"' 1' '!#' f-0)#01 &&-.' $-0'+ *#1'5 1'SRT['.#0'!#,2Q' ,'',!0# 1#'-$' f-0)#01' 5&'*#' TTQWRR' .#01-,1' 5#0#' *'12#"' STS'.#0!#,2 %#'.-',21Q'5&'*#'$-0'$#+ *#1'2&#' ',' 2&#' ! 2#%-07' -$' #*#+#,2 07' -!!3. 2'-,1T' 3,#+.*-7+#,2'0 2#'12--"' 2'STTU'.#0'!#,2Q' ' %2�' -!!3. 2'-,1' 5'2&' 1'%,'$'! ,2' "#!*',#' -$' RTU' .#0!#,2 %#' .-',2' 5&#,' #+.*-7+#,2' 5#0#' ' .0-$#11'-, *1' ʚSWQWRR' .#01-,1ʛQ' )0 $2' ,"' ##* 2#"' f-0)#01' !-+. 0#"'5'2&'2&#'1 +#'.#0'-"'TRSST' ʚSWQTRR' .#01-,1ʛQ' )*#0)1' ʚSVQTRR' .#01-,1ʛQ' ' /#!&,'!' ,1' ,"' "11-!' 2#"' .0-$#11'-, *1' /&#' 2-2 *' * -30' $-0!#' 5 1' ʚSUQZRR' .#01-,1ʛQ' ,"' -#%'1* 2-01' ,"' #12'+ 2#"'2-' #'SVSQYRR'.#01-,1Q' '"#!0# 1#' &#,'-0'%$$'!#01'ʚ[QYRR'.#01-,1ʛ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ƍ' %#' %0-3.',%1Q' 2&#' ,3+ #0' -$' .-',21' 5&#,' !-+. 0#"' 2-' 2&#' 1 +#' .#0'-"' .#01-,1' #+.*-7#"' 12--"' 2' WVQRRR' ,"' ',' TRSST' /&#' . 02'!'. 2'-,' 0 2#' $-0' + *#1' UQZRR' 0#1.#!2'4#*7T' f'2&' 0#1.#!2' 2-' 2&#' 12--"' 2' YST[' .#0' !#,2' ,"' $-0' $#+ *#1' 2' 3,#+.*-7#"' * -30' $-0!#Q' 2&#' * 0%#12' XSTR'.#0'!#,2T'' %0-3.',%' 5 1' 2&#' TRVV' %#' 0 ,%#' 5�#' ' SRQXRR' .#01-,1' 5#0#' 0#!-0"#"' 1' /&#',3+ #0'-$'.#01-,1',-2' !2'4#*7' 3,#+.*-7#"' ,"' 2&#' VWXV' %#' 0 ,%#' 1##)',%'5-0)' ,"'2�#$-0#',-2'',!*3"#"'',' 5�#'VQTRR'.#01-,1'5#0#'*'12#"T' 2&#' * -30' $-0!#' ',!0# 1#"' 7' UQSRR' 2-' ' YTQURR' .#01-,1' 2' 2&#' #,"' -$' TRSTT' /&#' ,*3-"/,%*'' ,3+ #0' -$' ', !2'4#' $#+ *#1' 5 1' VUQ[RR' ' "2' 2&#' #,"' -$' $#!#+ #0' TRSTQ' 2&#' .#01-,1' ,"' + *#1' TZQVRR' .#01-,1T' %$' 2&#' 4#0 %#'0 2#'-$'',$* 2'-,Q' 1'+# 130#"' 7'2&#' 2-2 *' ,3+ #0' -$' ', !2'4#' .#01-,1Q' 2&#' ,,"#6'-$'##2 '*'.0'!#1Q'5 1'#12'+ 2#"' 2'VTW' + (-0'27' 5#0#' .#01-,1' 5&-' 5#0#' 0#2'0#"' .#0'!#,2'!-+. 0#"'5'2&'[TV'.#0'!#,2' 2'2&#' ʚUYQZRRʛ' ,"'.#01-,1' 2'1!&--*'ʚSWQVRRʛT'' #,"'-$'TRSST'' ' '

33 Barbados Economic and Social Report 2012 III. The Barbados Economy

/&#' ',"#6' -$' ##2 '*' .0'!#1' 2' ) , "' ,' 3 0+' - -30' .0-%0 ++#' ,"' $#!#+ #0'TRST'0#%'12#0#"'',!0# 1#1'','$--"' 2' *1-' !!-3,2#"'$-0' **'-$'2&#'.* !#+#,21' ,"'$3#*' ,"'*'%&2T''"*2#0, 2'4#*7Q'2�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ʚUYʛ' "'1.32#1' 5#0#' 0#!-0"#"Q' 25#*4#' 6 5.8 6.1 ʚSTʛ'+-0#'2& ,'2& 2'0#!-0"#"'','TRSST''

4 4.1 ' 2.5 3.7 4.5 2.8 1.6 /&#' ,3+ #0' -$' 5-0)' 12-.. %#1'

Percent 2 1.5 1.4 ',!0# 1#"' $0-+' 2#,' ʚSRʛ' ',' TRSS' 2-' #*#4#,' 0 0.2 ʚSSʛ' ',' TRSTQ' .0'+ 0'*7' ',' 2&#' )-++3,'27Q' -1.2 &-!' *' ,"' .#01-, *' '!#1' 1#!2-0T' ' %2�' -2 1#!2-01' $$#!2#"' 5#0#' 3', ,!#Q' ,,130 ,!#' ' ,"' !31',#11' '!#1' ,"' "%0'!3*230#Q' ' 3-0#1207' ,"'3'1&',%T' *"/,%*"-'(+.-%7+(*/'!5#("5'ʚ*(!ʛ' ' ' /&#' - -30' $#. 02+#,2' *1-' $30',%' TRSTQ' 2&#' * 2'-, *' !-,2',3#"'2-'!-**#!2'1#22*#+#,2'. 7+#,21'-,' (+.*-7+#,2' !30# 3' ʚ*(!ʛ' !-,2',3#"' 2-' #& *$'-$'5-0)#01T',,'TRSTQ'$SSSQUS[TVV'5 1' .0-4'"#' ' ,3+ #0' -$' #+.*-7+#,2' 1#04'!#1' !-**#!2#"' -,' 2&#' #& *$' -$' 5-0)#01Q' ',' 0# 1'-$'(- '1!0##,',%Q'.* !#+#,21Q'! 0##0' ..0-6'+ 2#*7' SVTV' .#0' !#,2' -4#' 2& 2' -$' %3'" ,!#' ,"' !-3,1#*',%T' h- ' 1##)#01' 5#0#' 2&#'!-**#!2'-,1' + "#' ','TRSST' /&#'+ (-0'27' .* !#"' -2&'*-! **7' ,"'-4#01# 1T' -$' 2&'1' +-,#7' 5 1' $-0' &-*'" 7' . 7Q' 5&'!&' ' !!-3,2#"' $-0' YSTR' .#0' !#,2' 5�# 1Q' /&#' ,3+ #0' -$' .#01-,1' .* !#"' . 7+#,21' $-0' 5 %#1Q' !-+.#,1 2'-,' $-0' ,-' *-! **7' 7'2&#'*(!'"#!*',#"' 7'WRTR'.#0'!#,2' 2#0+', 2'-,' ,-2'!#Q' ,"' 1#4#0 ,!#Q' $0-+' SSZ' .#01-,1' ',' TRSS' 2-' W[' ',' TRSTT'' !!-3,2#"'$-0'SST['.#0'!#,2Q'[TY'.#0'!#,2' ,"' /&#' *-! *' .* !#+#,21' 5#0#' "-+', ,2*7' ',' YTV'.#0'!#,2'0#1.#!2'4#*7T' 2&#' ! 2#%-0'#1' -$' #*#+#,2 07' -!!3. 2'-,1' ' ,"' 1#04'!#1Q' 1&-.' ,"' + 0)#2' 1 *#1' %2�' ',"3120' *' 0#* 2'-,1' !2'4'2'#1' 5-0)#01T' ' $-0' 2&#' 7# 0' TRST' ',!*3"#"' TVX' #+.*-7#0' /&#' 2-2 *' ,3+ #0' -$' -4#01# 1' 4'1'21' ',' 0#1.-,1#' 2-' !-+.* ',21' 0#!#'4#"' .* !#+#,21' ',!0# 1#"' $0-+' T[Y' .#01-,1' ',' ,"' $'4#' ʚWʛ' 1304#71' $-0' 20 "#' 3,'-,' TRSS'2-'UT['','TRSTT''+ *#1' !!-3,2#"'$-0' 0#!-%,'2'-,T' /&#' - -30' $#. 02+#,2' *1-' [YTZ' .#0' !#,2' -$' 5-0)#01' .* !#"' ',' 2&#' ',1.#!2#"'VTX'1&-.1T' ' '

34 Barbados Economic and Social Report 2012 III. The Barbados Economy

' ' Table 3.5-1 Employment by Major Industrial Division ('000) Industry 2012 Agriculture, Forestry & Fishing 3.5 Construction, Mining & Quarrying 13.0 Manufacturing 8.4 Elec. Gas, Steam, Water & Air Conditioning Supply 2.9 Wholesale & Retail Trade 20.2 Transportation & Storage 7.5 Accomodation & Food Services 12.7 Finance & Insurance 6.0 Professional, Scientific & Technical Services 4.3 Administrative & Support Services 7.0 Public Administration & Defence 9.6 Education 6.9 Human Health & Social Work 6.6 Other Services 5.2 Activities of Households as Employers 5.0 Other Groups 6.6 Not Stated 0.0 Total 125.3 SOURCE: Barbados Statistical Service Note: A re-classification of Industries was done in 2010 which prevents comparisons with previous years. ' ' ' ' Table 3.5-2 Local Placement by Occupational Group 2006 – 2012 Local Placement by Occupational Group 2006 2007 2008 2009 2010 2011 2012 Legislators, Senior Officials and Managers 1 0 4 2 1 0 0 Professionals 0 4 4 0 0 3 2 Technicians and Associate Professionals 7 11 9 9 14 11 3 Clerks 15 31 30 30 19 10 3 Service Workers, Shop and Market Sales 36 39 70 68 59 26 22 Workers Skilled Agricultural & Fishery Workers 2 1 2 7 4 7 2 Craft & Related Workers 7 5 7 4 6 4 2 Plant and Machine Operators and Assemblers 11 27 39 13 10 6 0 Elementary Occupations 88 114 118 82 54 51 25 Total 167 232 283 215 167 118 59 SOURCE : Ministry of Labour and the Civil Service ' '

35 Barbados Economic and Social Report 2012 III. The Barbados Economy

Table 3.5-3 Overseas Placement Programmes 2006 – 2012 Overseas Placement Programmes Number of Placements 2006 2007 2008 2009 2010 2011 2012 Canadian Farm Labour Programme 306 96 82 172 177 169 184 Industrial Cleaners 0 0 0 0 0 0 10 Canadian Hotel Programme 90 173 248 25 25 126 123 US H2b Hotel Programme 81 121 78 63 0 0 0 Grooms and Riders 0 0 0 0 0 2 5 Cruise Lines 0 1 0 0 3 0 7 Total 477 391 408 260 205 297 329 SOURCE : Ministry of Labour and the Civil Service ' Table 3.5-4 Work Stoppages by Economic Activity 2007 – 2012 No. of Work Stoppages Economic Activity 2007 2008 2009 2010 2011 2012 Agriculture, Forestry and Fishing 0 1 2 0 0 1 Mining and Quarrying 0 0 0 0 0 0 Electricity, Gas and Water 0 0 1 0 0 0 Construction 0 0 0 0 0 0 Manufacturing 2 0 0 0 2 0 Wholesale and Retail Trade 2 1 1 0 0 0 Transport, Storage and Communications 1 4 4 0 2 0 Finance, Insurance and Business Services 0 1 1 0 1 2 Community, Social and Personal Services 13 10 20 0 5 8 Total 18 17 29 0 10 11 SOURCE: Ministry of Labour and the Civil Service ' ' %))5."/,%*"-'&"3(/7'" *$';("-/;' ,3+ #0' -$' $ !2-07' !!'"#,2' ',4#12'% 2'-,1' ' "#!0# 1#"' $0-+' 2&'027V$'4#' ʚUWʛ' ',' TRSS' 2-' 5,"#0' 2&#' + , %#+#,2' -$' 2&#' 2&'027V-,#' ʚUSʛ' ',' TRST' 5&'*#' ,-,V$ !2-07' - -30' $#. 02+#,2Q' 2&#' & $#27' ,"' ;# *2&' !!'"#,2' ',4#12'% 2'-,1' ',!0# 1#"' $0-+' &#!2'-,' +-,'2-01' 5-0)',%' !-,"'2'-,1' ,"' #*#4#,'ʚSSʛ'','TRSS'2-'25#,27'ʚTRʛ'','TRSTT' .0 !2'!#1'','.* !#1'-$'#+.*-7+#,2'',!*3"',%' """'2'-, **7Q' 1-+#' 2&'027V#'%&2' ʚUZʛ' 1 $#27' 32',-2'*'+'2#"'2-'$ !2-0'#1T'$30',%'2&#'7# 0' ,"' &# *2&' !-+.* ',21' 5#0#' ',4#12'% 2#"' TRSTQ'WYS'',1.#!2'-,1'5#0#'!-,"3!2#"Q'WXX' ,"',',#2##,'ʚS[ʛ'1304#71'5#0#'!-,"3!2#"' -$'5&'!&'5#0#'-$'$ !2-0'#1' ,"'$'4#'ʚWʛ'5#0#' 2-' ',4#12'% 2#' 1.#!'$'!' 1 $#27' ,"' &# *2&' ,-,V$ !2-07'',1.#!2'-,1T' '113#1T'' ' ' ,,' TRSTQ' 2&#' ,3+ #0' -$' ',"3120' *' 5,"#0' 2&#' i3 00'#1' "!2Q' /3 007' !!'"#,21' 0#.-02#"' 2-' 2&#' - -30' -.#0 2'-,1' 0#'0#/3'0#"'2-'0#%'12#0'5'2&'2&#' $#. 02+#,2' "#!0# 1#"' 7' ,# 0*7' SWT[' .#0' - -30' $#. 02+#,2' 3.-,' #12 *'1&+#,2' -0' !#,2'$0-+'ZYU'','TRSS'2-'YUV'','TRSTT'/&0##' !& ,%#'-$'-5,#01&'.T'',,'TRSTQ'#*#4#,'ʚSSʛ' ʚUʛ' $ 2 *'2'#1' 5#0#' 0#!-0"#"' ',' TRSTT' /&#' ,#5' /3 007' 0#%'120 2'-,1' 5#0#' 0#!-0"#"T''

36 Barbados Economic and Social Report 2012 III. The Barbados Economy

/&#'- -30'$#. 02+#,2''1' *1-'+ ," 2#"'2-' &()/%#"-'.#%$5)/,6,/7',*$,)(&' ',1.#!2' 2
#' /3 00'#1' ,"' 1' ' 0#13*2' ',' ' TRSTQ'25#,27V25-'ʚTTʛ'/3 00'#1'',1.#!2'-,1' .#%$5)/,6,/7' 5#0#'!-,"3!2#"T' ' ' 11 /&#' "#4#*-.+#,2' -$' 2
#' *"/,%*"-'.#%$5)/,6,/7',*$,)"/%#& ' ',"'! 2-01' '1' 1#"' -,' 2&#' * 2'-, *' &304#7' ' -$' .0-"3!2'4'27' 5&'!&' '1' !-,"3!2#"' 7' /&#' "1' . 02' -$' '21' + ," 2#Q' 2&#' .0-"3!2'4'27' )-3,!'*' $-0' $'4#' ʚWʛ' 1#!2-01' -$' .0-"3!2'4'27' )-3,!'*' & 1' #12'+ 2#"' 2&#' #!-,-+7T' ' /&#' *# "#0' ',' * -30' .0-"3!2'4'27'%0-52&'$-0',-2'(312'2&#'-4#0 **' .0-"3!2'4'27' %0-52&' $-0' TRSS' ',' 2
#' #!-,-+7Q' 32'$-0'$'4#'ʚWʛ'1#*#!2#"'1#!2-01'-$' 1#!2-01' 5 1' 2&#' $', ,!' *' 1#04'!#1' 1#!2-0' 2&#' ! 0 "' ,' #!-,-+7Q' , +#*7Q' ʚUYTR' .#0' !#,2ʛQ' $-**-5#"' 7' 2&#' 5&-*#1 *#' !!-++-" 2'-,Q' !-,1203!2'-,Q' $', ,!' *' ,"' 0#2 '*' 20 "#' ',"31207' ʚ[TU' .#0' !#,2ʛQ' 1#04'!#1Q' + ,3$ !230',%' ,"' 5&-*#1 *#' ,"' !!-++-" 2'-,' ʚSTX' .#0' !#,2ʛ' ,"' $', **7' 0#2 '*'20 "#T' + ,3$ !230',%' ʚRTV' .#0' !#,2ʛT' "' ,#% 2'4#' ' %0-52&' 0 2#' 5 1' #12'+ 2#"' $-0' 2&#' /&#' * -30' .0-"3!2'4'27' ',"'! 2-0' !-,1203!2'-,' 1#!2-0' ʚUTR' .#0' !#,2ʛ' $-0'2&#'-4#0 **'#!-,-+7''1'! *!3* 2#"'31',%' 0#.0#1#,2',%' 2&#' 1#!2-0_1' 1#!-,"' * 2'-, *' "!!-3,21' 12 2'12'!1Q' 5&'*#' 2&#' !-,1#!32'4#' !-,20 !2'-,T' ' /&#' $', ,!' *' 1#!2-0' ',"'! 2-01' 13!&' 1' * -30' 1#04'!#1' 1#!2-0' .#0$-0+#"' #6!#.2'-, **7' .0-"3!2'4'27Q' -32.32' .#0' #+.*-7##Q' 3,'2' 5#**' 5'2&' 2&#' 13 V1#!2-01' -$' ',130 ,!#' * -30' !-12' ,"' 1#,2##'1+' 0 2#' 0#' !-+. ,'#1' ,"' !0#"'2' 3,'-,1' .0-4'"',%' "#4#*-.#"'31',%'2&#' ,,3 *'* 2'-, *'&304#7' 1'%,'$'! ,2' * -30' .0-"3!2'4'27' %0-52&' -$' -$'.0-"3!2'4'27T' STTW' .#0' !#,2' ,"' SSTS' .#0' !#,2Q' ' 0#1.#!2'4#*7T' *"/,%*"-'-"!%5#'.#%$5)/,6,/7' ' ,*$,)"/%#' "!&(*/((,&+' ' ' ,,' TRSSQ' ,-,V%-4#0,+#,2' f'2&',' 2&#' 1#*#!2#"' ',"3120'#1Q' 2&#' .0-"3!2'4'27'%0-52&'12--"' 2' ..0-6'+ 2#*7' *-5#12' 1#,2##'1+' 0 2#' 5 1' ',' 2&#' TTT' .#0' !#,2Q' ' "#!0# 1#' 5&#,' !-+. 0#"' !-,1203!2'-,'1#!2-0'5'2&'SUTU'.#0'!#,2T'f'2&' 5'2&' UTY' .#0' !#,2' %0-52&' -,#' 7# 0' .0'-0T'' 0#% 0"1' 2-' 2&#' *-5#12' !&'#4#01' 7' 13 V /&'1' '+.0-4#+#,2' 5 1' "3#' + ',*7' 2-' ' 1#!2-0Q'$'1&'.0-!#11-01'','2&#'+ ,3$ !230',%' "#!*',#' ',' 2&#' #12'+ 2#"' , 2'-, *' &-301' 1#!2-0' & "' 2&#' *-5#12' 2-2 *' 4#0 %#' 5-0)#"' 7' VTS' .#0' !#,2T' ' /&#' ',!0# 1#' ',' 1#,2##'1+' 0 2#' -$' UTZ' .#0' !#,2Q' $-**-5#"' .0-"3!2'4'27' ',"'! 2#"' 2& 2' 2&#' 31#' -$' 2'+#' 7' . 02+#,21' ʚZTS' .#0' !#,2ʛ' ',' -$' , 2'-, *' * -30' "#!*',#"' $ 12#0' 2& ,' 2&#' !!-++-" 2'-,Q' 1#04'!#' 12 2'-,1' ʚ[TX' .#0' 0#"3!2'-,'',', 2'-, *'-32.32T' !#,2ʛ' ',' 5&-*#1 *#' ,"' 0#2 '*' 20 "#' ,"' ' -$$1&-0#' ,)1' ʚSWTX' .#0' !#,2ʛ' ',' $', ,!' *' Figure 9 Macro-Productivity Growth (%) 1#04'!#1T' 2001 – 2011 ' )-,4#01#*7Q'2&#'&'%' 1#,2##'1+' 0 2#' 0#!-0"#"' $-0' 2&#' $'4#' ʚWʛ' 1#!2-01' ',' TRSS' 5 1' ',' 2&#' $', ,!' *' 1#04'!#1' 1#!2-0' ʚSZTT' .#0' !#,2ʛT' ;-5#4#0Q' 1'%,'$'! ,2' 1#,2##'1+' 0 2#1' 5#0#' 0#%'12#0#"' $-0' 2&#' $0 +',%' 13 V1#!2-0' ʚTVTW' .#0' !#,2ʛQ' ,"' !&#+'! *1'ʚTUTW'.#0'!#,2ʛT''-')#5'1#Q'','2&#' + ,3$ !230',%' ',"31207Q' &-+#' $30,'1&',%1' ' ʚ5&-*#1 *#' ,"' 0#2 '*' 20 "#ʛQ' ,"' +',',%' ,"' /3 007',%' ʚ+ ,3$ !230',%ʛ' -2&' 11 This report reflects data for the previous year.

37 Barbados Economic and Social Report 2012 III. The Barbados Economy

0#%'12#0#"' TSTU' .#0' !#,2Q' 5&'*#' --)1' ,"' !#,2Q'!0#"'2'3,'-,1'ʚ$', ,!' *'1#04'!#1ʛ'S[TZ' 12 2'-,#07' ʚ5&-*#1 *#' ,"' 0#2 '*' 20 "#ʛ' .#0' !#,2' ,"' %3#12' &-31#1' ,"' . 02+#,2' 0#!-0"#"' TRTY' .#0' !#,2T' ' ' )#+#,2' ,"' &-2#*1' ʚ !!-++-" 2'-,ʛ' -2&' 0#%'12#0#"' !-,!0#2#'ʚ+ ,3$ !230',%ʛ'0#!-0"#"'TRTS'.#0' SXTZ'.#0'!#,2T'

Table 3.5-5 Absenteeism Rate for Firms Responding to Survey 2007 - 2012 Industry 2007 2008 2009 2010R 2011

Accommodation 4.9 5.7 3.5 11.1 14.2

Construction n/a 1.3 5.5 9.2 13.3 Financial Services 1.2 1.6 7.2 13.2 18.2 Manufacturing 3.0 3.4 8.2 14.9 16.2 Wholesale & Retail Trade 3.2 3.7 8.5 19.4 15.2 SOURCE: 2008 – 2012 National Surveys of Productivity

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'#6. ,1'-,'5 1'0#!-0"#"'','2&#'%3#12' %32.32' .#0' #+.*-7##' #6. ,"#"' 7' ,' &-31#1'13 V1#!2-0'ʚSXTU'.#0'!#,2ʛT'/&#'&-2#*' #12'+ 2#"' XTV' .#0' !#,2Q' 5&'*#' 3,'2' * -30' 13 V%0-3.',%'& "' '1+ **'',!0# 1#'','* -30' !-12' 5&'!&' 12--"' 2' TYTX' .#0' !#,2' $-0' 2&#' .0-"3!2'4'27' -$' RTU' .#0' !#,2Q' 5&'*#' * -30' ',"31207Q' 5 1' 2&#' *-5#12' $-0' **' $'4#' .0-"3!2'4'27' ',' 2&#' . 02+#,2' &-2#*1' 13 V ',"3120'#1'0#4'#5#"T' 1#!2-0'%0#5' 7' ,'#12'+ 2#"'YTW'.#0'!#,2T'' ' ' 3,*"*),"-'&(#6,)(&',*&/,/5/,%*&' %32.32' .#0' #+.*-7##Q' -,#' -$' 2&#' ' -2�' .0-"3!2'4'27' ',"'! 2-01' ! *!3* 2#"' $-0' /&'1' 1#!2-0' 0#%'12#0#"' 2&#' * 0%#12' 2&'1'',"31207Q'',!0# 1#"' 7' ,'#12'+ 2#"'UTY' 0'1#'',' * -30'.0-"3!2'4'27' -$'UYTR'.#0'!#,2' .#0' !#,2T' ' /&'1' 5 1' 1' ' 0#13*2' -$' $-0'2&#'$'4#'ʚWʛ'1#!2-01'3,"#0'0#4'#5T''/&'1' .0-"3!2'4'27' %0-52&' ',' 2&#' %3#12' &-31#1' + 0)#"'2&#'2&'0"'!-,1#!32'4#'#6. ,1'-,'$-0' ʚSWTY'.#0'!#,2ʛQ' . 02+#,2'&-2#*1'ʚSRTT'.#0' 2&#'1#!2-0T'"220' 32',%'2-'2&'1'-32!-+#'5 1' ' !#,2ʛ' ,"' &-2#*1' ʚSTY' .#0' !#,2ʛ' 13 V TTY' .#0' !#,2' ',!0# 1#' ',' -$$1&-0#' ,)1' %0-3.',%1T' ' /&#' $', *' 13 V1#!2-0Q' * -30' .0-"3!2'4'27Q' ,"' ' STTW' .#0' !#,2' . 02+#,21Q'0#%'12#0#"' '"#!0# 1#'-$'WTR'.#0' ',!0# 1#' ',' 2&#' ',130 ,!#' !-+. ,'#1' 13 V !#,2T' 1#!2-0T' ' '

38 Barbados Economic and Social Report 2012 III. The Barbados Economy

$30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' /&#'1#!2-0'0#!-0"#"'2&#'&'%'3,'2' -32.32' .#0' #+.*-7##' 0 2'-' $-0' 2&#' $', ,!' *' * -30'!-12'0 2#'-$'YZTW'.#0'!#,2'$-0' **'2&#' 1#04'!#1' ',"31207' ',!0# 1#"' 7' ',"3120'#1' 3,"#0' 0#4'#5T' ' f'2&',' 2&#' ..0-6'+ 2#*7'SWTU'.#0'!#,2T''/&'1'0'1#'5 1' ',"31207Q' 2&#' &'%' 3,'2' * -30' !-12' 0 2#' 220' 32#"' .0'+ 0'*7' 2-' #+.*-7##' -32.32' ',' 5 1' ',' 2&#' b-2�' + ,3$ !230',%c' 13 V 2&#' ',130 ,!#' 13 V1#!2-0' ʚVVTZ' .#0' !#,2ʛQ' %0-3.',%' ʚ[UT[' .#0' !#,2ʛQ' 5&'*#' 2&#' *-5#12' ,"'2&#'!0#"'2'3,'-,' ,"'$', ,!#' ,"'20312' 5 1'S[TT'.#0'!#,2'','0#!7!*',%T' 13 V%0-3.',%1'ʚYTX'.#0'!#,2'$-0' -2&ʛT'/�#' ' 5 1' ' SRTW' .#0' !#,2' !-,20 !2'-,' ',' -32.32' f;%-(&"-('" *$'#(/",-'/#"$(' .#0' #+.*-7##' ',' 2&#' -$$1&-0#' ,)',%' ' 1#!2-0T' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' ' ,,3 *' * -30' .0-"3!2'4'27' %0-52&' 0 2#' $-0' ,,' TRSSQ' 3,'2' * -30' !-12' $-0' 2&#' 2&#'',"31207'5 1'! *!3* 2#"' 2'[TU'.#0'!#,2Q' $', ,!' *' 1#04'!#1' 1#!2-0' 5 1' #12'+ 2#"' 2' 5&'!&'5 1'"0'4#,'+ ',*7' 7' 'STTW'.#0'!#,2' TZTT' .#0' !#,2T' ' ,,130 ,!#' !-+. ,'#1' %0-52&' ',' 2&#' 0#2 '*' 13 V1#!2-0T' ;'%&' 0#%'12#0#"' 2&#' &'%' ',!0# 1#' ',' * -30' .0-"3!2'4'27'%0-52&'0 2#1'5#0#'0#!-0"#"'$-0' !-12'-$'UXTU'.#0'!#,2Q'5&'*#'2&#'*-5#12'5 1' $'4#' ʚWʛ' -$' 2&#' 5&-*#1 *#' ,"' 0#2 '*' 20 "#' ','2&#'!-++#0!' *' ,)1'-$'S[TY'.#0'!#,2T' 13 V1#!2-01Q' , +#*7Q' (#5#**#07' ʚUYTU' .#0' ' !#,2ʛQ' +# 2' .0-!#11-01' ʚTRT[' .#0' !#,2ʛQ' ' &-31#' ,"' & 0"5 0#' 13..*'#1' ʚSZTR' .#0' +"*53")/5#,*9'(&/"!-,&;+(*/&' !#,2ʛ' ,"' 13.#0+ 0)#21' ʚ[TU' .#0' !#,2ʛT' ' )-,20 !2'-,1' 5#0#' 0#%'12#0#"' $-0' 1#4#,' ʚYʛ' /&#' + ,3$ !230',%' ',"31207' 13 V1#!2-01' 5'2&',' 2&#' ',"31207S' ' 0#2 '*' ' 0#!-0"#"' ' * -30' .0-"3!2'4'27' ',!0# 1#' -$' !&#+'! *1'ʚSZTT'.#0'!#,2ʛQ'&-+#'$30,'1&',%1' RTV' .#0' !#,2' ',' TRSSQ' $2#0' ' !-,20 !2'-,' -$' ʚSVTX'.#0'!#,2ʛQ'$ 0'!'1 *#1'ʚSSTW'.#0'!#,2ʛQ' WTR' .#0' !#,2Q' ',' TRSRT' $#1.'2#' 2&'1' '0'!-,"'2'-,',%'ʚSSTV'.#0'!#,2ʛQ'-2�'ʚVTR' #6. ,1'-,Q' 1'%,'$'! ,2' 0#"3!2'-,1' 5#0#' .#0'!#,2ʛQ'&# *2&'! 0#'13..*'#1'ʚSTZ'.#0'!#,2ʛ' 0#%'12#0#"'$-0'!*-2&',%' ,"'2#62'*#1''2#62'*#1' ,"' .. 0#*'ʚRTW'.#0'!#,2ʛT'' ʚUZTZ'.#0'!#,2ʛQ'+',',%' ,"'/3 007',%'ʚT[TU' ' .#0'!#,2ʛQ' 3'*"',%'+ 2#0' *1'ʚS[TW'.#0'!#,2ʛ' /�#'5 1' ,'#6. ,1'-,'-$'STTS'.#0' ,"',-,V+#2 **'!'+',#0 *'.0-"3!21''. ',21' !#,2' ',' 2&#' -32.32' .#0' #+.*-7##' ',"'! 2-0' ,"' $','1
' ʚSWTZ' .#0' !#,2ʛT' )-,4#01#*7Q' $-0'2&#'5&-*#1 *#' ,"'0#2 '*'20 "#'',"31207T'' * 0%#' #6. ,1'-,1' 5#0#' 0#!-0"#"' $-0' $--"Q' /&'1' ',!0# 1#' 5 1' $3#**#"' 7' 0'1#1' ',' ' #4#0 %#' ,"' 2- !!-' ' $'1&' .0-!#11-01' ,3+ #0'-$'13 V1#!2-01'-$'2&#'',"31207S'0#2 '*' ʚTVTZ' .#0' !#,2ʛQ' !*-2&',%' ,"' 2#62'*#1' ' '+# 2'.0-!#11-01'ʚYTTY'.#0'!#,2ʛ' ,"'0#2 '*' $0 +',%' ʚSZT[' .#0' !#,2ʛ' ,"' !*-2&',%' ,"' ' .. 0#*'ʚVXTT'.#0'!#,2ʛQ'"#1.'2#'1'%,'$'! ,2' 2#62'*#1''!*-2&',%'ʚ[TZ'.#0'!#,2ʛT' !-,20 !2'-,1' ',' 1-+#' 13 V1#!2-01' -$' 2&#' ' 1 +#' ',"31207T' ' /
#' "#!0# 1#1' 5#0#' /&#' + ,3$ !230',%' 1#!2-0' 5 1' 2&#' 0#!-0"#"' ',' 2&#' 0#2 '*' 0# 1' -$' $--"' -,*7' ',"31207' 2& 2' 0#%'12#0#"' ' "#!*',#' ',' .0-"3!2'-,'ʚWST['.#0'!#,2ʛQ' '0'!-,"'2'-,',%' -32.32' .#0' #+.*-7##' ʚRTV' .#0' !#,2ʛT' ' /&'1' ʚTTTY' .#0' !#,2ʛ' ,"' !&#+'! *1' ʚTTTY' .#0' 1#!2-0' 0#!-0"#"' + (-0' $ **V-$$1' -$' UVTZ' .#0' !#,2ʛT' !#,2' ʚ!*-2&',%' ,"' 2#62'*#1' ' 2#62'*#1ʛQ' TSTW' ' .#0'!#,2'ʚ.0',2',%' ,"'.3 *'1&',%ʛ' ,"'SRTU' /&#' 5&-*#1 *#' ,"' 0#2 '*' 20 "#' .#0' !#,2' ʚ0#!7!*',%ʛT' ' /&'1' 1'%,'$'! ,2*7' 1#!2-0'0#%'12#0#"' '3,'2'* -30'!-12'-$'UWTZ' -325#'%&#"' * 0%#' #6. ,1'-,1' -$' XTTS' .#0' .#0' !#,2T' ' ##2 '*' ' $--"' .0-"3!2'-,' !#,2' ʚ!*-2&',%' ,"' 2#62'*#1' ' "0 .#07' ,"' 0#%'12#0#"' '1'%,'$'! ,2'0 2#'-$'YWTT'.#0'!#,2Q' 1-$2' $30,'1&',%1ʛQ' TTTU' .#0' !#,2' ʚ$--"Q' !*-1#*7'$-**-5#"' 7'0#2 '*''!&#+'! *1'ʚXVT[' #4#0 %#' ,"' 2- !!-' ' $'1&' .0-!#11-01ʛQ' .#0'!#,2ʛ' ,"'0#2 '*''-2�'ʚW[TU'.#0'!#,2ʛT'' SUTV'.#0'!#,2'ʚ$--"Q' #4#0 %#1' ,"'2- !!-' /&#'*-5#12'$-0'2&'1'',"31207'5 1'','2&#'0#2 '*' ' !-,$#!2'-,#07' ,"' 1, !)1ʛ' ,"' SRTX' .#0' ' &-31#' ,"' & 0"5 0#' 13..*'#1' ʚSZTZ' .#0' !#,2'ʚ!*-2&',%' ,"'2#62'*#1''!*-2&',%ʛT' !#,2ʛQ'0#2 '*''(#5#**#07'ʚSZTR'.#0'!#,2ʛ' ,"'

39 Barbados Economic and Social Report 2012 III. The Barbados Economy

0#2 '*'' --)1' ,"'12 2'-,#07'13..*'#1'ʚTSTR' /&#'$3,"1'5-3*"' #'31#"'2-'13..-02' .#0'!#,2ʛT' 2&#' '+.*#+#,2 2'-,' -$' ' * 2'-, *' ' i3 *'$'! 2'-,'30 +#5-0)R'2&#''+.0-4#+#,2' ' -$'!-0#' ,"'*'$#'1)'**1' 2'2&#'1#!-," 07'*#4#*' 3T'.5!-,)'&()/%#',*6(&/+(*/' ,"' ',' /6(/' ',12'232'-,1R' ,"' 2-' '+.0-4#' 2&#' #$$#!2'4#,#11' -$' 2&#' * -30' + 0)#2' .#%9#"++('ʚ.&,.ʛ' ',$-0+ 2'-,'1712#+T' ' ' $30',%' TRSTQ' 2&#' 9-4#0,+#,2' ,,,T '-%f' ,*)%+(' ;%5&,*9' .3 *'!'&#!2-0',,4#12+#,2'.0-%0 ++#'ʚ.&,.ʛ' !-,2',3#"' ',' # 0,#12' "#1.'2#' 2&#' !300#,2' .#%9#"++(' #!-,-+'!' ,"' $', ,!' *' #,4'0-,+#,2T' /&#' ' + (-0' ',4#12+#,21' ',' TRST' 5#0#' /&#' - (#!2'4#' -$' 2&#' .0-%0 ++#' '1' !-,!#,20 2#"'','2&#' 0# 1'-$',,$0 1203!230#Q' 2-' '+.0-4#' *'4',%' !-,"'2'-,1' $-0' 2&#' *-5#0' (,4'0-,+#,2Q' ,"' ,,12'232'-, *' /3',2'*#1' -$' 2&#' .-.3* 2'-,' 2&0-3%&' &20#,%2&#,',%' ,"') . !'27'!3'*"',%T' ',!0# 1#"' !!#11' 2-' 1'!' 1-!' *' ʚ&-31',%ʛ' ' ',$0 1203!230#Q' +#,'2'#1' ,"' 1#04'!#1T' /&#' ,T *(f'-%"*&'&,9*($', *'TRST' .0-%0 ++#' 5'**' *1-' !-,20' 32#' 2-' ' ' 1312 ',#"' '+.0-4#+#,2' ',' 2&#' "#*'4#07' -$' /&#' 9-4#0,+#,2' -$' ! 0 "-1' ,"' .3 *'!'&-31',%'1#04'!#1'','! 0 "-1T' 2&#' ,,2#0V"+#0'! ,' $#4#*-.+#,2' ! ,)' ' ʚ,$!ʛ' 1'%,#"' $-30' ʚVʛ' *- ,1' 2-2 *',%' /&#' + ',' !-+.-,#,21' -$' 2&#' 5&$[STTW' +'**'-,' ',' TRSTT' /
#' 5#0#' 2&#' .0-%0 ++#' 0#'2&#'!-,1203!2'-,'-$' 2'*# 12' &)'**1' 3-0' /&#' 33230#' .0-%0 ++#' -- ,' -$' URR'0#,2 *'3,'21Q' !!#11'0- "1Q'"0 ', %#' ,"' 5&' $TRTR' +'**'-,Q' 2&#' --5' ,,!-+#' ;-31',%' -2�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ʚSʛ' ,#5' 1#!-," 07' #+.& 1'1' -,' '+.0-4',%' 2&#' /3 *'27' ,"' 1!&--*' 0#*#4 ,!#' -$' &#!-," 07' ("3! 2'-,' ,"' 2&#'  #$$#!2''+.0-4#+#,21'','',$0 1203!230#' #$$#!2'4#,#11' -$' /#!&,'! *' ,"' 6-! 2'-, *' ("3! 2'-,' ,"'/0 ',',%'ʚ/6(/ʛT'' ,"' #/3'.+#,2' -$' #'%&2' ʚZʛ' .0'+ 07' ' 1!&--*1'  &.#!'$'! **7Q' 2&#' .0-%0 ++#' 1##)1' 13..-02' 2&#' "#4#*-.+#,2' ,"' 2-' $ !'*'2 2#' 2&#' 1!&--*V2-V5-0)' 20 ,1'2'-,' ',12'232'-, *'8 2'-,' -$' ' 2# !�' ,"''+.0-4#'2&#'*#4#*'-$'13!!#11' +-,%'2&#' #$$#!2'4#,#11' 120 2#%7' $-0' ! 0 "' ,'7-32&' 7'#,130',%'2& 2'%0 "3 2#1' '+.0-4#+#,2' ',' 2# !�' .0#. 0 2'-,Q' $0-+' 1#!-," 07' ,"' .-12V1#!-," 07' 1!&--*' *# "#01&'.Q' 2# !&',%' .0 !2'!#' #"3! 2'-,'& 4#'2&#' ! "#+'!Q'2#!&,'! *Q' ,"' ,"'2# !�'#4 *3 2'-,R' ,"'' *'$#' 1)'**1' ,#!#11 07' 2-' #,2#0' 2&#' * -30'  '+.0-4#' 2&#' ',12'232'-, *' ! . !'27' -$' + 0)#2' -0' !-,2',3#' $302�' #"3! 2'-,Q' ,"' 2&#'+','1207'-$'("3! 2'-,' ,"';3+ ,' 7' #6. ,"',%' -..-023,'2'#1' $-0' "#+ ,"' ##1-30!#' $#4#*-.+#,2' 2-' .0-4'"#' "0'4#,'20 ',',%' ,"'1)'**1'!#02'$'! 2'-,T' !!#11'2-' 1'!'#"3! 2'-,T' ' '

40 Barbados Economic and Social Report 2012 III. The Barbados Economy

6T #,6(#' .-"*/"/,%*' $#",*"9(' " *$' ! 0 "-1' 1' ' *# "#0' +-,%' &+ **' ,1* ,"' ,##,9"/,%*'&7&/(+&' $#4#*-.',%' &2 2#1' ʚ&,$&ʛ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ʚ5.#ʛR' #'4#0'.* ,2 2'-,T' 2-' .0-"3!#' ,' 11#11+#,2' -$' 2&#' ;3+ ,' ' #'%&21'.-1'2'-,',%'-$'2&#'!-3,207' ,"''$', **7' ' 2-' 11'12' 5'2&' 2&#' '+.*#+#,2 2'-,' -$' 9T'%33,),"-'$(6(-%.+(*/' +# 130#1' 2-' ""0#11' 2&#' 0#!-++#," 2'-,1' "&&,&/"*)(' -$'2&#'5.#' 1'1#*#!2#"' 7'2&#'9-4#0,+#,2'-$' ! 0 "-1T' 5,"#0' 2&#' *# "#01&'.' -$' 2&#' ' *;#%Q' 2&#' 5*' &712#+' !-++#+-0 2#"' 2&#' #9"*,&"/,%*'% 3' +(#,)"*' /"/(&' % " & ʚ%"&ʛ' ,,2#0, 2'-, *'$ 7'-$';3+ ,'#'%&21'5'2&'2&#' ' .0#1#,!#'-$'2&#'"'.*-+ 2'!'!-0.1Q'2&#'%$$'!#' /&#' %0% ,'1 2'-,' -$' "+#0'! ,' -$' 2&#' %+ 3"1+ ,Q' ,"' 2&#' +','1207' -$' &2 2#1' ʚ%"&ʛ' !-,2',3#"' '21' "#4#*-.+#,2' 3-0#'%,' "$$ '01' 5'2&' ' 1.#!' *' &'%&*'%&2' -$' !2'4'2'#1Q' 5'2&',' 2&#' 0# ' -$' &3+ ,' 7-32&' ',4-*4#+#,2' *--)',%' 2' '113#1' -$' 0#1-30!#' "#4#*-.+#,2Q' "30',%' TRSTT' /&#' &# *2&! 0#Q' #+.*-7+#,2Q' %-4#0, ,!#' ,"' %"&' *1-'.0-4'"#"'1!&-* 01&'.1Q'$#**-51&'.1Q' 1-!' *'"#4#*-.+#,2T' 5-0)1&-.1Q' +##2',%1' ,"' !-,$#0#,!#1' 5&'!&' '"#"' 2&#' "#4#*-.+#,2' -$' &3+ ,' ' 0#1-30!#1' ',' ! 0 "-1' $-0' TRSTT' ,2' 5*'&7&/(+'&/"/,&/,)"-')"."),/7'!5,-$,*9' 1.-,1-0#"' $-027V1#4#,' ʚVYʛ' .#01-,1' $0-+' ' ! 0 "-1' 5&-' 22#,"#"' %"&' +##2',%1 ' ,,' + 7' TRSTQ' 2&#' ) 0' # ,' !-,$#0#,!#1 5-0)1&-.1'-4#01# 1T'/&#'2-2 *' $#4#*-.+#,2' ! ,)Q' 5*,)(3' ,"' )"#,)%+' #6.#,1#' ',!300#"' 7' 2&#' %"&' 5 1' %0##"'2-'!-** -0 2#'','.0-4'"',%'2#!&,'! *' 5&$$VRQV[XTRRT' ,,' ""'2'-,Q' 25-' ʚTʛ' ,"'$', ,!' *'13..-02'$-0'2&#'31#'-$'$#4,,$-' 5-0)1&-.1 +##2',%1 !-,$#0#,!#1' 5#0#' ʚ$#4#*-.+#,2' ,,$-ʛT' $#4,,$-' 11'121' ',' &#*"' ',' ! 0 "-1Q' 5&'!&' +-3,2#"' 2-' 12-0',%Q' -0% ,'8',%Q' , *71',%Q' "'1.* 7',%' 5&$$UYQRRTTRRT' %,#' ʚSʛ' 3,"#0%0 "3 2#' ,"' 1& 0',%' " 2 ' ',' ' 12 ," 0"'8#"' ,"' $#**-51&'.' ,"' -,#' ʚSʛ' .-12V%0 "3 2#' 31#0V$0'#,"*7' + ,,#0' ',!*3"',%' " 2 ' 2 *#1Q' $#**-51&'.'5#0#' 5 0"#"' 2' '2-2 *'!-121'-$' %0 .&1' ,"' + .1' 31#"Q' 2-' , *71#' " 2 ' 5&$$W[QURWTXR' ,"' 5&$$WXQ[ZYT[T' 20#,"1Q'" 2 '% .1' ,"'%#-%0 .&'!'4 0' 2'-,1T' 0#1.#!2'4#*7T' /
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41 Barbados Economic and Social Report 2012 III. The Barbados Economy

-$' ! 0 "-1' 2&0-3%&' 13..-02' 2-' 2#!&,'! *' 5*$.' 13..-02' $-0' 1312 ', *#' "4'!#' ,"'! . !'27'"#4#*-.+#,2'','2&#' 0# ' #,#0%7' $-0' **' ʚ&(V"--ʛ' % 0,#0#"' &,$&' -$' .-4#027' 0#"3!2'-,' ,"' &3+ ,' $-!31#"' %*- *' 22#,2'-,' -,' 2&'1' &,$&' "#4#*-.+#,2T',,'2&'1'0#% 0"Q'5*$.Q')$!' ,"' .0'-0'27' ,"' ','2' 2#"' 0 .'"' 11#11+#,21' -$' 2&#' %()&' &#!0#2 0' 2' &-12#"' ',' TRST' ' 2&#' 1#!2-0' ',' ! 0 "-1' ,"' 90#, " T'' ##%'-, *' (6.#02' 90-3.' +##2',%' ,"' !3'*"',%' -,' 2&#' $-3," 2'-,1' -$' 2&'1' 5-0)Q' f-0)1&-.' -,' ' +3*2'"'+#,1'-, *' .-4#027' 5*$.'.0-4'"#"'.-*'!7' ,"'2#!&,'! *' "4'!#' +# 130#+#,2' +#2&-"-*-%7' $-0' 2&#' -,'',2#%0 2#"' 5 12#' + , %#+#,2' 1-*32'-,1' ) 0' # ,Q' 5&'!&' ',!*3"#"' . 02'!'. ,21' ,"' *2#0, 2'4#' #,#0%7' $-0' ! 0 "-1' ,"' $0-+'2&#'+','1207'-$'3', ,!#' ,"'(!-,-+'!' -2�' !-3,20'#1T' /&#' &3 V0#%'-, *' %$$'!#' "$$ '01Q' ',!*3"',%' 2&#' ! 0 "-1' &2 2'12'! *' ʚ&#%ʛ'5 1' *#'2-'"#+-,120 2#'2&0-3%&'2&'1' '!#R' ,"' 2&#' +','1207' -$' &-!' *' ) 0#T' .0-(#!2' 2&#' ,#!#11 07' .-*'!7' *',)1' 2-' #' ! 0 "-1' & 1' !-++'22#"' 2-' !-,2',3',%' 2&#' + "#' #25##,' 2&#' ',20-"3!2'-,' -$' !2'4'2'#1'-$'2&#',#5*7'$-0+#"'4'023 *'(6.#02' 0#,#5 *#' #,#0%7' 2#!&,-*-%'#1' ʚ#(/ʛ' ,"' 90-3.' ',' "4 ,!',%' 2&'1' 5-0)' -,' 2&#' 0#13*2',%' ',!0# 1#' ',' $'1! *' 1. !#R' +3*2'"'+#,1'-, *' .-4#027' +# 130#+#,2T' #$$#!2'4#' ,"' ',2#%0 2#"' , 230 *' 0#1-30!#' 5*$.' *1-' .0-4'"#"' 13..-02' 2-' 2&#' + , %#+#,2R' ,"' ',4#12+#,2' ',' "#4#*-.+#,2' -$' ' ! 0 "-1' &-!' *' .-*'!7' 1312 ', *#Q'1-!' *'"#4#*-.+#,2T',,4#12+#,2' 30 +#5-0)' 7'.0-4'"',%'2#!&,'! *'',.321'2-' +-"#*1' 2& 2' ',2#%0 2#' 0#4#,3#1' $0-+' 2&#' 2&#'+','1207'-$'&-!' *') 0#'-,'2&#'"#1'%,'-$' #(/' 1#!2-0Q' +-,%' -2
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42 Barbados Economic and Social Report 2012 III. The Barbados Economy

5*' &7&/(+' "&&,&/"*)(' , *' -(9,&-"/,6(' 0#4'#5' *#%'1* 2'4#' $0 +#5-0)1' -,' #(3%#+' )7 #0!0'+#Q' ,,2#0!#.2'-,' -$' ' )-++3,'! 2'-,1' ,"' #V(4'"#,!#T'' ,,' TRSTQ' .";% f;%' !-,2',3#"' 2-' &2 )#&-*"#0' !-,13*2 2'-,' 5-0)1&-.1' 5#0#' 13..-02'! 0 "-1' ,"'-2�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ʞ!*..ʟQ' 7' ) ',#2' 5*' &7&/(+' &5..%#/' / %f"#$&' ,)/' -,' *-4#+ #0' TTQ' TRSTT' /&'1' .-*'!7' 5 1' )%**()/,6,/7' "#4#*-.#"' 1#"' -,' 2&#' $0 +#5-0)' -$' 2&#' ' ) 0' # ,' .& 0+ !#32'! *' .-*'!7Q' 5&'!&' ,,' TRSTQ' 2&#' ,,2#0, 2'-, *' 5 1' ..0-4#"' 7' )"#,)%+' )-3,!'*' -$' /#*#!-++3,'! 2'-,1' 5,'-,' ʚ,/5ʛ' 11'12#"' ;3+ ,' ,"' &-!' *' $#4#*-.+#,2' ʞ)%;&%$ʟ' ',' 2&#' 20 ,1'2'-,' 2-' "'%'2 *' 2#00#120' *' ','".0'*'TRSTT' 2#*#4'1'-,' ,"' "'%'2 *' "'4'"#,"' 5'2&' 2&#' ' /#*#!-++3,'! 2'-,1' 5,'2Q' $'4'1'-,' -$' ! 0 "-1' & 1' *1-' 13!!#11$3**7' (,#0%7' ,"' /#*#!-++3,'! 2'-,1Q' .0'+#' !-+.*#2#"' 5'2&' .";% f;%' 13..-02' 2&#' +','12#0_1' %$$'!#' &#*"' '* 2#0 *' "'1!311'-,1' .& 0+ !#32'! *' )-3,207' .0-$'*#Q' 5&'!&' '1' ' ,"'&-12#"' '0#%'-, *'5-0)1&-.'2-'.0-+-2#' 12 ," 0"'8#"' f;%' 1304#7' 2& 2' .0-4'"#1' ' 2&#'!--.#0 2'-,' ,"'#6!& ,%#'-$'#6.#0'#,!#' 1#*',#' -$' ',$-0+ 2'-,' $-0' 2&#' !*..' 5'2&',' ) 0' # ,' !-3,20'#1' -,' 1.#!203+' '+.*#+#,2 2'-,T'' '113#1' 0#* 2',%' 2-' 2&#' 20 ,1'2'-,' 2-' "'%'2 *' ' 2#00#120' *' 2#*#4'1'-,' ,"' 2&#' "'%'2 *' ,,' TRSTQ' 1#,'-0' .-*'!7' + )#01' -$' "'4'"#,"T' /&#' $0#/3#,!7' !--0"', 2'-,' ) 0' # ,' !-3,20'#1Q' 0#!-%,'1',%' !03!' *' +##2',%'$-!31#"'-,'1 2'1$7',%'2&#'1.#!203+' 1&-02!-+',%1' ,"' !& **#,%#1' ',' 22 ',',%' 0#/3'0#+#,21' -$' **' !-3,20'#1' ',' 2&#' 0#%'-,' ,"' 1312 ',',%' 3,'4#01 *' &# *2&' !-4#0 %#Q' $-0'"'%'2 *'2#00#120' *'2#*#4'1'-,' 0- "! 12',%' +#2' ',' ! 0 "-1' ,"' "#!'"#"' 2-' .32' ,"' +- '*#' 1#04'!#1' ',' 2&#' 5;3' 1.#!203+' 2-%#2�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ʞ*)$1ʟT' ##1.-,1#' /# +' ʚ),#/ʛT' ' /&'1' 5 1' "-,#' ',' ' 0#!-%,'2'-,'-$'2&#'%0-5',%'!7 #0V 22 !)1'-,' ,,' TRST' 2&#' ; 0+-,'1 2'-,' -$' ,)/' 2&#' ! 0 "-1' 9-4#0,+#,2' ,"' 5 1' "-,#' .-*'!'#1Q' -#%'1* 2'-,' ,"' ##%3* 2-07' 2&0-3%&' 12 )#&-*"#0' ,)/' 0#* 2#"' !2'4'2'#1T' .0-!#"30#1' ʚ;,.)"#ʛ' .0-(#!2' !-,2',3#"' ',' "!!-0"',%' 2-' ,/5Q' 2&#' #12 *'1&+#,2' -$' ' . 02,#01&'.' 5'2&' ' ,3+ #0' -$' %-4#0,+#,2' , 2'-, *')-+.32#0',,!'"#,2'##1.-,1#'/# +' +','120'#1'',!*3"',%'2&#'+','1207'-$'* 2'-, *' ʚ),#/ʛ' '1' ,##"#"' 2-' &#*.' 2-' #,130#' 2&#' &#!30'27Q' $'4'1'-,' -$' (,#0%7' ,"' .0-2#!2'-,' -$' 2&#' , 2'-,_1' !0'2'! *' /#*#!-++3,'! 2'-,1Q' .0'+#' +','12#0_1' ',$-0+ 2'-,' ',$0 1203!230#1' ,"' 11'12' ',' %$$'!#Q'+','1207'-$'/0 "#' ,"')-++#0!#' ,"' "0 $2',%' 2&#' -4#0 **' .* ,' -,' 2&#' !-3,207_1' 2&#' "22-0,#7' 9#,#0 *_1' %$$'!#T' /&#' ,/5' ..0- !&'2-'!7 #01#!30'27'0#* 2#"''113#1T'' .0-4'"#"' #6.#02' 2#!&,'! *' 11'12 ,!#' 2-' '

43 Barbados Economic and Social Report 2012 III. The Barbados Economy

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b(,"',%' 2&#' "*-,%' 1'+'* 0' *',#1Q' 2&#' 5*,)(3V 6'-*#,!#' -$' (620#+#' .-4#027S' .0-+-2',%' 13..-02#"', 2'-, *'+#"' '! +. '%,' % ',12' (+.-5#0+#,2' ,"' !3'*"',%' .# !#cT' /&'1' !&'*"'1#63 *' 31#'2 0%#2#"'$'012*7' 2'+ *#1' !-++#+-0 2'-,' 1 5' 2&#' * 3,!&' 2&#' 5*$.' 5&-' !-,1'"#0' 3,"#0V %#"' %'0*1' 1' %#' "-!3+#,2 07'b7-32&'6-'!#1''f& 2'"0#'f#' ..0-.0' 2#'1#63 *'. 02,#01' ,"'1#!-,"*7' 2' 3'%&2',%'3-0cQ'.0-"3!#"' ,"'.0#1#,2#"' 7' ' ! 0#%'4#01'5&-'"'1+'11'!&'*"0#,_1'!* '+1'-$' %0-3.'-$'! 0 "' ,'7-3,%'.#-.*#'$0-+'2&#' 31#Q' !-,2',3#"T' &.#!' *' 1#,1'2'8 2'-,' ,10 #*'--4#**'3-3," 2'-,Q' ,"' '%3#12'*#!230#' 1#11'-,1' 5#0#' &#*"' 5'2&' !- !
' ,"' 7' +-,1'%,-0' 3 2�' 90#%-07' # +)'11--,' 0#*'%'-31' *# "#01' -,' 2&#' .0#4#,2'-,' ,"' $0-+' +312 0"' &##"' )-++3,'2'#1' ʚ+&)ʛ' ',' 0#1.-,1#'2-'!&'*"'1#63 *' 31#'5'2&','2&#'0' h + '! '' ,'-0% ,'8 2'-,'5-0)',%'2-5 0"1' 0#1.#!2'4#'1.�#1'-$'',$*3#,!#T',,' ""'2'-,Q' 2&#' '+.0-4#+#,2' -$' 2&#' !-++3,'2'#1' ',' 1' !&'*"' ,#%*#!2' '1' 2&#' +-12' $0#/3#,2*7' 5&'!&'2' 0#' 1#"T' 0#.-02#"' ! 1#' -$' 31#Q' ' 123"7' 5 1' ' !-,"3!2#"' 2-' ',2#00-% 2#' 2&#' , 230#Q' 5*' f-+#,' !-,2',3#"' '21' *-! 2'-,' ,"' $0#/3#,!7' -$'2&#'.&#,-+#,-,' .0-%0 ++',%' %# 0#"' 2-5 0"1' 2&#' ','! 0 "-1T'5*,)(3_1'13..-02'','! 0 "-1' #+.-5#0+#,2' -$' 5-+#,' 1' ! 0 "' ,' !#,20#"'-,'2&#'!-,2',3#"'!-** -0 2'-,'5'2&' 5-+#,' #,20#.0#,#301' 5#0#' ',!*3"#"' ',' ' 2&#'+','1207'-$'("3! 2'-,'$-0'2&#'!-,2',3#"' .&71'! *' ,"' 4'023 *' 0#1-30!#' !#,20#' ,"' "#4#*-.+#,2' ,"' #6. ,1'-,' -$' 2&#' &!&--*1' + 0)#2.* !#Q' 5&'!&' 5 1' * 3,!&#"' ',' .-1'2'4#' !#& 4'-30 *' + , %#+#,2' *-4#+ #0' TRSTT' ' /&#' -,*',#' $ !'*'27' '1' .0-%0 ++#' ʚ&.!+.ʛ' 1' ' +# ,1' -$' ',2#,"#"' 2-' 0# !&' ,"' 13..-02' 5-+#,' #,& ,!',%'2&#'.17!&-1-!' *'#,4'0-,+#,2'',' #,20#.0#,#301' !0-11' 2&#' ) 0' # ,Q' 1!&--*1' 2-5 0"1' +-0#' !&'*"V!#,20#"' ,"' ','2' **7' .0-+-2',%' 2&#' 31',#11' .0-$'*#1' -$' 4'-*#,!#V$0##'1!&--*'1#22',%1T' 1#4#,2##,' ʚSYʛ' 5-+#,' #,20#.0#,#301' ',' ' ! 0 "-1Q'$-+','! ' ,"'90#, " T'' 5*,)(3' 13..-02' 5#,2' 2-' 3'*"',%' ' 2&#' ! . !'27' -$' .0',!'. *1Q' 2# !
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' 31',%' $--2 **' 2-' 11'12' ',' &# *2&'1#04'!#1'"#*'4#07T' 3'*"',%' *'$#' 1)'**1' 1' 5#**' 1' 120#,%2&#,' ' *'2#0 !7' ,"',3+#0 !7T' 5,"#0'2&#'*# "#01&'.'-$'5*'f-+#,' ' ,"' ',' *'%,+#,2' 5'2&' 2&#' 5*' &#!0#2 07' ",' (4 *3 2'-,' -$' 2&#' ,+. !2' -$' 2&#' 9#,#0 *_1'! +. '%,'2-'(,"'6'-*#,!#'"% ',12' &!&--*1' .-1'2'4#' !#& 4'-30 *' + , %#+#,2' f-+#,' ʚ(6"fʛQ' ,',#2##,' ʚS[ʛ' $ !'*'2 2-01' .0-%0 ++#' ʚ&.!+.ʛ' ,"' )&'*"' 30'#,"*7' 0#!#'4#"' 20 ',',%' ',' "#*'4#0',%' .17!&-V &!&--*' ʚ)3&ʛ' ..0- !&' ',' 2&#' ( 12#0,'

44 Barbados Economic and Social Report 2012 III. The Barbados Economy

) 0' # ,'!-4#0',%'! 0 "-1' ,"'$-+','! ' 5 0#,#11' .0-%0 ++#' ' ʚ) 0' # ,' 5 1'!-+.*#2#"'','TRSTT'/&#'(4 *3 2'-,'5 1' f#**,#11'$ 7ʛ''2-'',!0# 1#'.&71'! *' !2'4'27' !-,"3!2#"'2-' &#*.' 5*,)(3' ,"' '21'. 02,#01' 2'.-.3* 2'-,'*#4#*T' *# 0,' *#11-,1' $0-+' 2&#' ','2' 2'4#1' ',' ' ! 0 "-1' ,"' $-+','! ' ,"' 2-' ',$-0+' .";%'13..-02#"' 2&#' !'4'*' 1-!'#27' $3230#' .* ,,',%' ,"' 0-**V-32' -$' 1'+'* 0' ,"' *9%1' ',!*3"',%' 3 '2&V 1#"' ','2' 2'4#1'','2&#'( 12#0,') 0' # ,T'' %0% ,'8 2'-,1' 7' .0-4'"',%' ' .* 2$-0+' $-0' ' #22#0' !-++3,'! 2'-,1' 5'2&' "'$$#0#,2' 7-32&' 5&-' 0#' ',!0# 1',%*7' #',%' 1#!2-01 -0% ,'8 2'-,1Q' #+.-5#0',%' 2&#+' 1##,' 1' .-1'2'4#' ,"' "#4#*-.+#,2 *' 0#' $-0'#$$#!2'4#' "4-! !7' ,"'.3 *'!'#"3! 2'-,' #!-+',%' . 02,#01' 2-' .0-+-2#' ' "'$$#0#,2' $-0' .0#4#,2'-,' ,"' !-,20-*' -$'*)$1' 2' ..0- !&' 2-' 2&#' !& **#,%#1' -$' 7-32&' !-++3,'27Q' , 2'-, *Q' 13 V0#%'-, *' ,"' "#4#*-.+#,2' 13!&' 1' 2&-1#' *'12#"' -4#T' 0#%'-, *'*#4#*1T' /&0-3%&' 2&#' 5*$.Q' ' 1#0'#1' -$' 5# '1-"#1' ' ʚ1&-02' #.'1-"#1' $# 230#"' 1' b,,2#0,#2' ",' 0# '-$'$-!31'"30',%'2&#'0#4'#5' 2#*#4'1'-,cʛ' 2& 2' ! .230#' 2&#' 4-'!#1' ,"' .#0'-"' 5 1' 2&#' 120#,%2&#,',%' -$' 2&#' 4'1'-,1' -$' .-1'2'4#' 7-32&' $0-+' ' 1304#'** ,!#'-$'1#2'-$'17,"0-+#1' 1' ,'b# 0*7' 0#.0#1#,2 2'-,'-$'!-3,20'#1''! 0 "-1' ,"' 5 0,',%' 1712#+c' 2-' "#2#!2' -32 0# )1' -$' -2�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�#'$'012V*',#'0#1.-,"#01' ,"'2&-1#'+-12' .";%'& 1' ##,' 13..-02',%' 2&#' 43*,#0 *#' -$' 1#4#0#' "'1# 1#' ',2#01#!2T' +#+ #0'&2 2#1'2-''+.*#+#,2'b.-02V-$V&. ',' /0 ',',%' 5 1' .0-4'"#"' *1-' -,' "'1',$#!2'-,' $#!* 0 2'-,1' ʚTRRYʛc' "#0'4#"' $0-+'*)$' ,"'12#0'*'8 2'-,'.0 !2'!#1'5'2&','&# *2&! 0#' &3++'2S' ;# "1' -$' 9-4#0,+#,2' ' ,"' $ !'*'2'#1T'' b.-*'2'! *'$#!* 0 2'-,'ʚTRSSʛc'"#0'4#"'$0-+' ' 5,'2#"' * 2'-,1' ;'%&' -#4#*' +##2',%' 2' 5*' ,,' -0"#0' 2-' 120#,%2&#,' 2&#' .3 *'!' 9#,#0 *'"11#+ *7T' &# *2&' * -0 2-0'#1Q' 20 ',',%' 5 1' .0-4'"#"' ' -,'2&#'+ , %#+#,2'-$' '-0'1)' 1'5#**' 1'',' $30',%' TRSTQ' ! 0 "-1' + "#' 2&#'* -0 2-07'/3 *'27'+ , %#+#,2'1712#+T''' 1'%,'$'! ,2' !&'#4#+#,21'-,''+.*#+#,2 2'-,' """'2'-, *' 20 ',',%' 5 1' .0-4'"#"' 2-' -$'2&#'$#!* 0 2'-,1'13!&' 1''+.*#+#,2 2'-,' * -0 2-0' ,1' -,' , *71'1' -$' 2&#' " 2 ' -$'f;%'30 +#5-0)')-,4#,2'-,'-,'/- !!-' %#,#0 2#"' 7'* -0 2-07V 1#"'1304#'** ,!#T' )-,20-*'ʚ3)/)ʛ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f;%'

45 Barbados Economic and Social Report 2012 III. The Barbados Economy

2&0-3%&-32'2&#') 0' # ,T''%,#'+ ',' 0# '-$' $30',%' TRSTQ' 2&#' TRRZ' "+&.' ' 13..-02''1'4#!2-0'!-,20-*Q'',!*3"',%'! . !'27' ,,2#0, 2'-, *' !31',#11' ,"' 3', ,!' *' 3'*"',%'$-0''+.0-4#"'!*','! *'+ , %#+#,2' '!#1' &#!2-0' ' 5&'!&' 1-3%&2' 2-' .0-+-2#' -$'$#,%3#' ,"')&')3,%3,7 '$#4#01Q'20 ',',%' #!-,-+'!' "'4#01'$'! 2'-,' ,"' 1312 ', *#' -,' +-1/3'2-' '"#,2'$'! 2'-,Q' 0-"#,2' !-,20-*' %0-52&'2&0-3%&'2&#'#6. ,1'-,'-$'2&#'1#!2-0' ,"'0 '1',%'.3 *'!' 5 0#,#11T''3--"'1 $#27''1' !-,2',3#"' 2-' #' '+.*#+#,2#"T' "' $', *' *1-' ,-2�' .0'-0'27' 0# T' ,,' !-** -0 2'-,' . 7+#,2' -$' STZ[' +'**'-,' -0' !$&' $VTYV' 5'2&' 2&#' ,,2#0' "+#0'! ,' ,,12'232#' $-0' +'**'-,' 5 1' "'1 301#"' "30',%' 2&'1' .#0'-"' ,"'!-,!*3"#"'2&#'(5_1'!-++'2+#,2'2-'2&#' )--.#0 2'-,' -,' "%0'!3*230#Q' 20 ',',%' 5 1' .0-%0 ++#' 5&'!&' & "' *0# "7' 0#!#'4#"' ! 00'#"'-32'-,'; 8 0"'", *71'1' ,"')0'2'! *' VTYW'+'**'-,'-0'!$&'$SSQZWYQZTXT''' )-,20-*'.-',2'ʚ;")).ʛ' ,"'!#02'$'! 2#1'5#0#' ' 5 0"#"T''"'2&'0"'$-!31'5 1'1#,1'2'8 2'-,'-$' /&#'TRSR'"+&.''! 0 "-1';3+ ,' ) 0' # ,' .-.3* 2'-,1' 2-' 2&#' #$$#!21' -$' ##1-30!#'$#4#*-.+#,2'.0-%0 ++#''5&'!&' !*'+ 2#'!& ,%#'-,'&3+ ,'&# *2&T''! 0 "-1Q' 5 1' 1'%,#"' ',' h ,3 07' TRSS' !-,2',3#"' 2-' -,#' -$' 1#4#,' !-3,20'#1Q' ',' 2&#' f#12#0,' + )#'!-,1'"#0 *#'.0-%0#11T' YTW'+'**'-,'-0' ;#+'1.�#Q' 5-0)#"' -,' ' .0-(#!2' #,2'2*#"Q' !$&' $SZTZU' +'**'-,' 5 1' "'1 301#"' "30',%' .'*-2',%' )*'+ 2#' )& ,%#' "" .2 2'-,' 2&#' 0#4'#5' .#0'-"' ,"' ' $302�' UTSY' &20 2#%'#1'2-'.0-2#!2';3+ ,';# *2&Q'$3,"#"' +'**'-,'-0'!$&'$ZTR'+'**'-,''1'#6.#!2#"'2-' #' 2&0-3%&'2&#'9*- *'(,4'0-,+#,2'3 !'*'27T' "'1 301#"'','# 0*7'TRSUT',2''1'.0-(#!2#"'2& 2' ' ! 0 "-1' 5'**' 0#!#'4#' ,' ""'2'-, *' VTR' .";% f;%' *1-' 13..-021' +'**'-,'-0'!$&'$SRTV'+'**'-,'2&0-3%&'1#!2-0' 6 !!', 2'-,' f##)' ',' 2&#' "+#0'! 1' ʚ6f"ʛQ' 3"%#2' 13..-02' 2-' #' 1.0# "' -4#0' 2&#' ,#62' ,' ','2' 2'4#Q' 2-' 0#4'2 *'8#' .-*'2'! *' 25-'ʚTʛ'7# 01T' !-++'2+#,2' ,"''+.0-4#'#/3'27' ,"' !!#11' ' 2-' 4 !!', 2'-,T' 6f"' .0-4'"#"' 2&#' '+.#231' $'1!311'-,1'5#0#' &#*"'"30',%' TRST' $-0' ' %0-3,"V 0# )',%' %*- *' ','2' 2'4#Q' ',' 0#% 0"',%' ' ! 0 "-1' ##,#5 *#' (,#0%7' ,,'2' 2'4#'','2&#' +-3,2'-$' WTZS'+'**'-,'-0' 5&'!&' **' 1'6' f;%' 0#%'-,1' %0##"' 2-' . 7' !$&'$SWTS'+'**'-,'','5&'!&'2&#'9-4#0,+#,2' $-!31#"' 22#,2'-,' -,' 4 !!', 2'-,' "30',%' -$' ! 0 "-1' ʚ9%!ʛ' $-0+ **7' .0-4'"#"' '21' f-0*"' ,++3,'8 2'-,' f##)' ʞf,fʟT' /&#' %0##+#,2' 2-' 2&#' (5' 2-' #,2#0' ',2-' ' ) 0' # ,' * 3,!&' -$' f,f' 2--)' .* !#' ',' )-,20' 32'-,' "%0##+#,2' 5'2&' 2&#' ,,2#0V ! 0 "-1'','+ 7Q'TRSTT' "+#0'! ,' $#4#*-.+#,2' ! ,)' 2-' '+.*#+#,2' ' 2&'1'.0-(#!2T'/&#'(5'!-+.-,#,2'5'**' #'31#"' (5#%.("*'5*,%*'ʚ(5ʛ' 2-' !-V$', ,!#' 2&#' ,$!' .3 *'!' &#!2-0' &+ 02' ' (,#0%7'.0-%0 ++#'ʚ5&$SYTR'+'**'-,ʛ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ʚ*&"ʛ' -0% ,'1 2'-,1' 5 1' ʚ"+&.ʛ' )-3,20'#1' 1' 5#**' 1' 2&#' SR2&' * 3,!&#"'5&'!&'5 1' '+#"' 2'120#,%2&#,',%' (30-.# ,' $#4#*-.+#,2' 33,"' ʚ($3ʛ' 5&'!&' &3+ ,' 0'%&21' ,"' &3+ ,' 0#1-30!#' $-!31#"' -,' 2&#' ;3+ ,' ##1-30!#' "#4#*-.+#,2' -$' ,-,V%-4#0,+#,2 *' $#4#*-.+#,2'.0-%0 ++#T'' -0% ,'1 2'-,1'','! 0 "-1T' ' ' ' ' '

46 Barbados Economic and Social Report 2012 III. The Barbados Economy

Table 3.5-7 Labour Productivity Growth in Selected Industries in 2007-2011 (% Change) 2007 2008 2009 2010 2011 Accommodation All Establishments (2.2) 7.2 (9.7) 1.1 1.6 Guest Houses (1.0) 5.6 1.4 (9.5) 16.3 Apartments 6.8 0.6 (2.7) (9.5) (8.4) Apartment Hotels 1.0 (2.9) (4.1) (10.4) 7.5 Hotels (2.2) 6.0 0.2 7.2 0.3 Construction All Establishments n/a 6.4 5.7 (28.7) (3.0) Financial Services All Establishments 0.5 (9.4) 6.1 1.0 37.0 Commercial Banks 2.0 9.9 (6.4) 2.0 5.0 Credit Unions 9.3 (5.1) 8.7 13.7 11.1 Finance and Trust 7.6 (21.3) 39.5 6.9 9.6 Insurance n/a 14.2 (3.5) 6.3 12.5 Offshore Banks n/a n/a (19.4) 5.4 2.7 Manufacturing All Establishments (0.9) 3.7 4.5 (5.0) 0.4 Food, Beverage & Tobacco n/a 8.3 8.1 (0.5) (2.7)  Food 2.2 15.3 14.3 (1.7) (2.1)  Beverages 13.3 (6.1) (1.8) (1.3) (8.6)  Bakeries (1.5) 2.3 7.1 1.4 (7.4)  Confectionery & Snacks n/a (16.2) 19.8 n/a 2.8  Fish Processors n/a n/a n/a n/a 24.8 Non-Metallic Mineral Products n/a 11.7 (6.2) (2.4) (3.9)  Paint & Finishes 13.3 (6.8) 1.3 5.4 (15.8)  Cement & Concrete (10.0) 17.0 (9.2) (5.0) (3.9) Furniture (12.2) 5.5 5.6 (0.6) (2.5) Clothing & Textiles n/a 3.3 14.6 5.2 (1.3)  Clothing n/a n/a n/a n/a 9.8  Drapery & Soft Furnishings (3.4) 4.4 (11.2) 5.8 4.2  Textiles n/a 5.5 4.6 0.9 (38.8)  Framing n/a n/a (6.1) (12.7) 18.9 Rubber & Plastic Products - 16.7 29.6 (2.7) 1.2 Chemicals n/a n/a (8.8) 10.8 4.8 Printing & Publishing 5.6 4.2 (14.0) (4.2) (0.2)  Printing n/a n/a n/a n/a (0.2)  Signage n/a n/a n/a n/a (0.1) Mining & Quarrying n/a n/a n/a 20.4 (29.3) Building Materials n/a n/a n/a n/a (19.5) Recycling n/a n/a n/a n/a 1.9 Other 1.2 2.0 8.9 (0.6) 5.0 Wholesale & Retail Trade All Establishments 3.7 7.6 (1.1) (6.4) 9.3 Car Dealerships 5.7 8.1 (17.0) 13.4 2.2 Service Stations n/a n/a 6.7 n/a (5.0) Wholesale & Commission Trade 10.4 (5.9) (6.3) (9.5) 4.7 Retail n/a n/a 0.5 6.7 12.5  Air Conditioning n/a 13.1 (11.7) n/a (11.4)  Apparel n/a n/a n/a n/a (0.5)  Auto Supplies 5.9 0.3 5.5 (6.8) 8.7  Books & Stationery 8.0 7.8 32.4 (1.1) 1.5  Chemicals n/a n/a n/a n/a (18.2)  Fabric Sales n/a n/a (26.4) (30.4) (11.5)  Food Production n/a n/a n/a n/a 1.4  Health Care Supplies 4.4 11.5 3.7 23.9 (1.8)  Home Furnishings n/a n/a n/a n/a (14.6)  House & Hardware Supplies 5.6 12.2 (7.9) n/a 18.0  Jewellery n/a n/a n/a n/a 37.3  Lumber n/a n/a (10.5) 12.0 10.3  Meat Processors n/a n/a n/a n/a 20.9  Supermarkets n/a 49.9 7.9 1.6 9.3  Other 9.9 (2.7) 0.5 14.7 (4.0) SOURCE: 2008 – 2012 National Surveys of Productivity 47 Barbados Economic and Social Report 2012 IV. Sectoral Performance

IV. ! SECTORAL !PERFORMANCE ! ' A. !AGRICULTURE !AND !FISHERIES !! ! ,#1'2-'.0-"3!#' '2-,,#'-$'13% 0'!-+. 0#"' ' 2-'2&#'.0#4'-31'!0-.'5&'!&'2--)'STTS'2-,,#1' -$'! ,#'2-'.0-"3!#'-,#'ʚSʛ'2-,,#'-$'13% 0T' %6(#6,(f' ' ' ! 0 "-1' 1&'.+#,2' -$' 0 5' 3*)' f'2&',' 2&#' /0 "#"' &#!2-0' 2&#' 13% 0' 2-' 2&#' (30-.# ,' 5,'-,' ʚ(5ʛ' $-0' 2&#' !-,20' 32'-,' -$' 13% 0' ,"' ,-,V13% 0' TRSS ST'!0-.' +-3,2#"'2-'TUTT'2-,,#1Q'2&'1' %0'!3*230#' ,"' $'1&',%' 2-' ## *' 90-11' 0#.0#1#,2#"' ,'',!0# 1#'-$'UTV'.#0'!#,2'-4#0' $-+#12'!' .0-"3!2' ʚ9$.ʛ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ʚSʛ' 2-,,#' -$' 13% 0' 5 1' $VTS' 2&-31 ,"' 7# 0' TRST' 5&#,' !-+. 0#"' 5'2&' 2&#' 7# 0' 5&'*#' 2&#' #6.-02' .0'!#' .#0' 2-,,#' 5 1' $STR' TRSST' /&'1' "#!*',#' 5 1' 0#%'12#0#"' "#1.'2#' 2&-31 ,"' '"#$'!'2'-$'$UTS'2&-31 ,"T' 1'%,'$'! ,2' ',!0# 1#1' ',' 2&#' .0-"3!2'-,' -$' ' ! 00-21Q' ! %#Q' +#*-,1Q' .3+.)',1' ,"' /&#' TRSS ST' 13% 0' ! ,#' !0-.' 2-+ 2-#1T' /&#' 0#"3!2'-,' ',' 4#%#2 *#' 7'#*"#"' TWZTX' 2&-31 ,"' 2-,,#1' -$' 13% 0' .0-"3!2'-,'5&'!&'-!!300#"'5 1'"3#'+ ',*7' ! ,#' '"#!*',#'-$' [TV'.#0' !#,2'!-+. 0#"'2-' 2-' .0 #"' *' * 0!#,7' 5&'!&' & 1' #!-+#' ' 2&#'TRSR SS'!0-.T'"'2-2 *'-$'STTT'2&-31 ,"' "#2#00#,2' $-0' *-! *' $ 0+#01' 2-' #,% %#' ',' !0#1' -$' ! ,#1' 5#0#' & 04#12#"' $-0' 2&#' 4#%#2 *#'.0-"3!2'-,T' !300#,2' !0-.' !-+. 0#"' 2-' SUTW' 2&-31 ,"' ' !0#1'$-0'2&#'.0#4'-31'13% 0'! ,#'!0-.T'/&'1' $#!*',#1' ',' .0-"3!2'-,' 5#0#' !-,2',3#"' '20#,"'-$' ,,3 *'"#!*',#1'','2&#' 0#!-0"#"'$-0'*#223!#Q'5&'!&'$#**' 7'XWTZ'.#0' 0# ' -$' ! ,#1' & 04#12#"T' 3-0' 2&#' .#0'-"' !#,2' -0' 7' ..0-6'+ 2#*7' UTZTV' 2&-31 ,"' TRRZ' 2-' TRSU' 2&#' 2-2 *' !0#1' -$' 13% 0' ! ,#' )'*-%0 +1T' &'%,'$'! ,2' "#!*',#1' 5#0#' *1-' & 04#12#"' "#!*',#"' 7' TTV' 2&-31 ,"' !0#1' 0#!-0"#"'$-0'15##2'.#..#01' ,"' ##21'5'2&' 5'2&' 2&#' %0# 2#12' "#!*',#' -!!300',%' $-0' 2&#' "#!0# 1#1' -$' VVTU' .#0' !#,2' -0' 7' TRSS ST' !0-.' 5�#' STU' 2&-31 ,"' !0#1' ..0-6'+ 2#*7' SU[TU' 2&-31 ,"' )'*-%0 +1' *#11' 5#0#' & 04#12#"' ',' !-+. 0'1-,' 2-' 2&#' ,"' VRTV' .#0' !#,2' -0' S[TX' 2&-31 ,"' .0#4'-31'7# 0T' )'*-%0 +1' 0#1.#!2'4#*7' 5&#,' !-+. 0#"' ' 5'2&' $'%30#1' $-0' 2&#' .0#4'-31' 7# 0T' %2�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�#' 5 1' ' 1'%,'$'! ,2' ',!0# 1#' ',' !-,4#01'-,'0 2#'5�#''2'2--)'SRTW'2-,,#1'-$' .0-"3!2'-,' -$' ! 00-21' 7' XYTZ' .#0' !#,2' -0'

48 Barbados Economic and Social Report 2012 IV. Sectoral Performance

[ZTZ' 2&-31 ,"' )'*-%0 +1T' %2�' TTRTV' 2&-31 ,"' )'*-%0 +1R' ,"' ! %#' 7' !-++-"'2'#1'1&-5',%'',!0# 1#"'.0-"3!2'-,' SZT[' .#0' !#,2' -0' V[TW' 2&-31 ,"' )'*-%0 +1T' "30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5' 5#0#S' .3+.)','.0-"3!2'-,' *1-'',!0# 1#"' 7'SUTR' +#*-,1' 7' TVTW' .#0' !#,2' -0' UZTT' 2&-31 ,"' .#0' !#,2' -0' TSTX' 2&-31 ,"' )'*-%0 +1' -4#0' )'*-%0 +1R' 2-+ 2-#1' 7' TYTS' .#0' !#,2' -0' TRSR'.0-"3!2'-,'*#4#*1T' ' Table 4.1-1 Vegetable Production (‘000 kgs) 2007 - 2012

Year 2007 2008R 2009P 2010 2011P 2012 % Change Over 2011 Beans (String) 252.0 167.8 170.3 222.1 270.0 226.4 -16.2 Beets 109.8 29.0 52.0 30.5 48.5 28.9 -40.4 Cabbage 253.5 437.5 254.3 60.4 261.7 311.2 18.9 Carrots 305.4 252.8 198.1 263.7 145.7 244.5 67.8 Cucumbers 1450.0 811.6 1119.7 1148.1 1144.8 813.9 -28.9 Lettuce 417.5 143.6 572.1 339.1 499.0 170.7 -65.8 Melon 477.4 185.1 243.1 240.8 156.3 194.6 24.5 Okra 658.1 423.6 244.6 302.8 311.8 263.6 -15.5 Peppers (Hot) 114.2 124.4 178.1 76.1 82.8 64.8 -21.8 Peppers (Sweet) 419.5 220.9 293.9 317.5 314.4 175.1 -44.3 Pumpkins 159.5 249.3 191.2 179.7 166.4 188.0 12.9 Tomatoes 1224.2 815.4 718.5 717.5 813.0 1033.3 27.1 Total 5841.16 3861 4235.9 3898.3 4214.2 3714.7 -11.9 SOURCE: Barbados Statistical Service / Ministry of Agriculture and Rural Development

Table 4.1-2 Vegetable Imports (‘000 kgs) 2006 – 2012 % over Year 2006 2007 2008R 2009 2010 2011 2012 2011 Bean 0.13 0.17 0.12 0.11 0.1 4.9 0.6 -87.9 Beet 13.30 15.20 20.6 22.9 29.8 31.3 33.0 5.4 Cabbage 390.1 441.40 416.5 426.2 508.7 468.8 411.6 -12.2 Carrot 433.50 409.33 444.9 898.7 707.0 679.9 629.9 -7.4 Cucumber 3.40 32.70 9.8 45.5 48.8 100.1 31.0 -69.1 Lettuce 247.30 254.20 305.3 470.5 548.8 577.0 606.0 5.0 Melons 420.90 575.60 445.4 473.2 664.8 617.7 543.2 -12.1 Okras 0.01 0.04 0.01 0.0 0.1 0.0 0.1 0.0 Pepper (Hot) 5.90 10.90 23.0 2.7 3.0 36.5 16.9 -53.8 Pepper (Sweet) 68.90 44.20 77.3 102.7 108.9 170.8 153.0 -10.4 Pumpkin 511.00 482.40 548.6 673.1 446.9 536.1 340.6 -36.5 Tomato 144.30 154.00 138.6 91.90 240.9 181.3 163.1 -10.0 Total 2238.7 2420.1 2430.1 3207.5 3307.8 3404.3 2928.9 -14.0 SOURCE : Barbados Statistical Service / Ministry of Agriculture and Rural Development

-,6(&/%)['" *$'$",#7'.#%$5)/,%*' 2&#'#,"'-$'TRSTQ'.0-"3!2'-,'','2&#'*'4#12-!)' ' ,"' " '07' 1#!2-0' 12--"' 2' ..0-6'+ 2#*7' $30',%' 2&#' 7# 0' 3,"#0' 0#4'#5Q' 2&#' TSQZRTTX' 2&-31 ,"' )'*-%0 +1Q' ' "#!*',#' -$' *'4#12-!)' ,"' " '07' ',"3120'#1' !-,2',3#"' 2-' SVTW' .#0' !#,2' 5&#,' !-+. 0#"' 5'2&' TRSST'' 0#%'12#0'"#!*',#1'','*#4#*1'-$'.0-"3!2'-,T'"2' $#!*',#1'5#0#'- 1#04#"'','13 V1#!2-01'13!&'

49 Barbados Economic and Social Report 2012 IV. Sectoral Performance

1' .-3*207' 5&'!&' $#**' 7' UTTR' .#0' !#,2R' !-++-"'2'#1T' /&#' * 0%#12' "#!*',#' 5 1' +322-,' 7' ZTW' .#0' !#,2R' .-0)' 7' VTV' .#0' 0#%'12#0#"' $-0' 120',%' # ,1' &-5#4#0' 2&'1' !#,2R' ,"' ##$' 7'TTS'.#0'!#,2T'/&#'0#"3!2'-,' $'%30#' '1' ',1'%,'$'! ,2' %'4#,' 2&#' 1+ **' ',' .-3*207' .0-"3!2'-,' 5 1' "3#' 2-' *#11' 4-*3+#1' '+.-02#"' -$' 2&'1' !-++-"'27T' "#+ ,"' $-0' *-! *' +# 2T' /&#' YSTR' .#0' !#,2' $#!*',#1' 5#0#' 0#!-0"#"' $-0' ,',#' ʚ[ʛ' -$' 2&#' "#!*',#' ',' 4# *' .0-"3!2'-,' '1' ',1'%,'$'! ,2' 25#*4#'ʚSTʛ'!-++-"'2'#1' #',%'+-,'2-0#"T' 5&#,' 2 )#,' ',' 2&#' !-,2#62' -$' -4#0 **' ' .0-"3!2'-,' -$' 2& 2' . 02'!3* 0' !-++-"'27T' /&#'+ ','4#%#2 *#''+.-021'$-0'2&#' "*2#0, 2'4#*7'.0-"3!2'-,'5 1'3.'','2&#'13 V 0#4'#5'.#0'-"'5#0#'! 00-21'ʚXT[T['2&-31 ,"' 1#!2-01'-$'230)#7'ʚUZTV'.#0'!#,2ʛQ'#%%1'ʚT[TY' )'*-%0 +1ʛR' *#223!#' ʚXRXTR' 2&-31 ,"' )'*-V .#0'!#,2ʛ' ,"'+'*)'ʚWTZ'.#0'!#,2ʛT'' %0 +1ʛR' 5 2#0+#*-,1' ʚWVUTT' 2&-31 ,"' ' )'*-%0 +1ʛR' ! %#' ʚVSSTX' 2&-31 ,"' 6(9(/"!-(',+.%#/&' )'*-%0 +1ʛR' ,"' .3+.)',1' ʚUVRTXT' ' 2&-31 ,"' )'*-%0 +1ʛT' /�#' 5#0#' *1-' 30#1&' 4#%#2 *#' '+.-021' ',2-' 2&#' 1+ **#0' +-3,21' ',' '+.-021Q' 2
#' #',%' ' '1* ,"' 0#%'12#0#"' ,'-4#0 **'"#!*',#'-$'SVTR' 2-+ 2-#1' ʚSXUTS' 2&-31 ,"' )'*-%0 +1ʛR' .#0'!#,2'"30',%'TRSTT'/&'1'-!!300#"'"#1.'2#' 15##2'.#..#01'ʚSWUTR'2&-31 ,"')'*-%0 +1ʛR' 1'%,'$'! ,2' "#!*',#1' ',' .0-"3!2'-,' -$' 1-+#' ,"'!3!3+ #01'ʚUSTR'2&-31 ,"')'*-%0 +1ʛT'

Table 4.1-3 Livestock and Dairy Production (‘000 kgs) 2006 – 2012 % Year 2006R 2007 2008 2009 2010 2011 2012 change Beef 169.6 136.1 144.4 150.8 161.2 150.6 147.5 -2.1 Mutton 79.0 72.4 85.1 89.3 106.1 113.2 103.7 -8.5 Pork 2,636.9 2,742.6 2,636.8 2,746.7 2,745.4 2,657.1 2,541.2 -4.4 Poultry 13,571.2 14,653.7 14,388.0 14,473.8 14,090.9 14,405.7 9,799.9 -32.0 Veal 12.6 6.3 8.3 9.6 5.8 5.3 1.5 -71.0 Eggs 1,986.6 2,305.0 1,902.5 2,002.2 2,231.0 2,107.5 2,732.7 29.7 Milk 5,569.9 6,762.3 6,694.4 7,013.7 6,700.9 5,810.3 6,146.1 5.8 Turkey 275.4 280.3 239.5 219.0 271.6 238.4 330.0 38.4 Total 24,301.0 26,958.6 26,099.0 26,705.1 26,312.9 25,488.1 21,802.6 -14.5

SOURCE: Barbados Statistical Service / Ministry of Agriculture and Rural Development

Table 4.1-4 Livestock and Dairy Products Imports (‘000 kgs) 2006 - 2012 % change Year 2006 2007 2008 2009 2010 2011 2012 over 2011 Beef 1,837.2 1,738.0 2,137.1 1,794.3 2,195.4 1,791.8 1,790.7 -0.1 &Veal Mutton 1,570.8 3,815.0 1,803.7 1,454.1 1,818.9 1,022.8 1,398.0 36.7 Pork 1,137.4 1,219.7 1,147.0 1,212.4 1,094.9 1,153.7 1,371.7 18.9 Poultry 1,388.2 514.3 397.2 703.0 812.9 979.4 1,177.7 20.2 Eggs 8.9 0.0 20.0 0.0 45.3 0.0 0.0 0.0 Milk 7,238.0 3,031.9 2,658.5 2,606.3 2,732.5 2,849.4 2,521.1 -11.5 Total 13,180.5 10,318.9 8,163.5 7,770.1 8,699.8 7,797.1 8,259.1 5.9 SOURCE : Barbados Statistical Service / Ministry of Agriculture and Rural Development ' '

50 Barbados Economic and Social Report 2012 IV. Sectoral Performance

-,6(&/%)['" *$'$",#7',+.%#/&' ',!0# 1#' -$' SUT[' 2&-31 ,"' )'*-%0 +1' -0' ' T[ZTY' .#0' !#,2' -4#' TRSS' .0-"3!2'-,T' /-2 *' *'4#12-!)' ,"' " '07' '+.-021' (""-#1' 5#0#' 1'+'* 0*7' 0#!-0"#"' 5'2&' ',2-' ! 0 "-1' "4 ,!#"' 7' WT[' .#0' !#,2' 2' .0-"3!2'-,' 2' XWTU' 2&-31 ,"' )'*-%0 +1' ,' 2&#' #,"' -$' TRST' 5&#,' !-+. 0#"' 5'2&' ',!0# 1#' -$' VWTZ' 2&-31 ,"' )'*-%0 +1' -0' '+.-021' $-0' TRSST' ,+.-021' -$' .-0)' 0-1#' 7' TUVTV'.#0'!#,2'!-+. 0#"'5'2&'TRSST''%2�' SZT[' .#0' !#,2Q' .-3*207' 7' TRTT' ,"' +322-,' ,-2 *#' 0# 1' -$' ',!0# 1#' 5#0#' 15##2' 7'UXTY'.#0'!#,2T'/�#'5#0#',-''+.-021'-$' .-2 2-#1' 5&'!&' 0-1#' 7' SU[TS' .#0' !#,2R' 2 *#' #%%1' ',' 1&#**' $-0' 2&#' 1#!-,"' -,'-,1' 7' VRTT' .#0' !#,2' ,"' 7 +1' 7' VTTX' !-,1#!32'4#' 7# 0Q' '2' 1&-3*"' &-5#4#0' #' .#0'!#,2'5&'*#'! 11 4 '$#**' 7'VRTS'.#0'!#,2T' ,-2#"' 2& 2' 2�#' '1' ' "#4#*-.',%' 20#,"' ' 2-5 0"1' 2&#' '+.-02 2'-,' -$' .0#1#04#"' #%%1' #%%/')#%.',+.%#/&' ,-2' ',' 1&#**T' /�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�' ',!0# 1#' 2' SZTW' 2&-31 ,"' )'*-%0 +1' 5&'!&' 5 1' ,' 0#!-0"#"'5 1'2& 2'-$'7 +' 7'UUTY'.#0'!#,2T'' ' Table 4.1-5 Root Crop Production (‘000 kgs) 2006 – 2012 % Change Year 2006 2007 2008 2009 2010 2011 2012P Over 2011 Cassava 374.7 448.1 466.2 690.5 399.5 308.4 184.85 -40.1 Eddoes 156.8 151.4 40.5 23.5 228.3 19.5 65.28 234.4 Sweet Potatoes 2200.9 1334.6 884.0 888.1 1,176.4 506.5 1,211.06 139.1 Yams 793.8 646.5 279.6 824.3 806.6 243.1 346.75 42.6 Onions 444.2 287.3 423.6 626.0 497.9 392.5 550.12 40.2 Peanuts 21.3 9.3 23.7 50.4 15.5 4.6 18.5 298.7 Total 3991.7 2877.2 2117.6 3102.8 3124.2 1474.6 2376.56 61.2 SOURCE : Barbados Statistical Service / Ministry of Agriculture and Rural Development

Table 4.1-6 Root Crop Imports (‘000 kgs) 2006 - 2012 % Change Year 2006 2007 2008R 2009 2010 2011P 2012 over 2011 Cassava 4.1 1.7 1.8 3.4 0.7 3.5 1.7 -52.3 Eddoes 78.9 71.8 115.1 63.7 86.3 106.3 106.1 -0.2 Sweet potatoes 5.6 0.2 36.4 1.0 10.0 2.3 24.6 950.9 Yams 15.6 17.3 20.7 8.6 22.7 25.2 33.7 33.7 Onions 1,987.8 1,819.6 1,922.9 2,064.4 2,026.5 2,212.7 2,169.3 -2.0 Peanuts 114.0 79.2 71.4 41.5 61.2 111.1 9.0 -91.9 Total 2,206.1 1,989.8 2,168.3 2,182.6 2,207.4 2,461.1 2,344.5 -4.7 SOURCE: Barbados Statistical Service / Ministry of Agriculture and Rural Development

51 Barbados Economic and Social Report 2012 IV. Sectoral Performance

/;('!"#!"$%&')%//%*',*$5&/#7' )%++(#),"-'!"*[')#($,/' ' ' /&#' #12'+ 2#"' 0# ' -$' !-22-,' .0-4'1'-, *' $'%30#1' $-0' )-++#0!' *' .* ,2#"' $-0' 2&#' TRSS ST' !0-.' 5 1' TSTVW' ! ,)' )0#"'2' 2-' 2&#' "%0'!3*230 *' &#!2-0' &#!2 0#1' 2&'1' 5 1' ' SYTW' .#0' !#,2' "#!*',#' 1&-5#"' '"#!0# 1#'-$'$XTS'+'**'-,'%'4#,'2&#' #*-5' 2&#' 0# ' .* ,2#"' $-0' 2&#' .0#4'-31' $SXTW' +'**'-,' 0#!-0"#"' ',' TRSTT' /&#' &3% 0' 1# 1-,T'7'#*"'$-0'TRSS ST'5 1'13 1#/3#,2*7' ) ,#' &3 V1#!2-0' 0#!-0"#"' !0#"'2' -$' $ZTR' "#!0# 1#"' 2-' STTV' 2&-31 ,"' )'*-%0 +1' -0' +'**'-,'ʚ '"#!0# 1#'-$'$RT['+'**'-,'$0-+'2&#' $ZT[' +'**'-,' 0#!-0"#"' ',' TRSSʛR' -'4#12-!)' SVTY'.#0'!#,2'*#11'2& ,'2&#'TRSR SS'!-22-,' $STX' +'**'-,Q' ʚ ' "#!0# 1#' -$' $RTW' +'**'-,' 1# 1-,T' ' /&'1' .0-4'"#"' UTZ' 2&-31 ,"' $0-+' 2&#' $TTS' +'**'-,' 0#!-0"#"' ',' TRSSʛR' )'*-%0 +1' -0' TWTW' .#0' !#,2' *#11' 2& ,' 5 1' 3--"' )0-.1' $RTY' +'**'-,Q' ʚ ,' "#!0# 1#' -$' .0-"3!#"' $-0' 2&#' .0#4'-31' .#0'-"T' /&#' $RTS' +'**'-,ʛR' ,"' -2�' "%0'!3*230 *' 0#"3!#"'/3 ,2'27'-$'!-22-,'5 1' 1' '0#13*2'-$' .0-"3!2'-,' 0#!#'4#"' $XTT' +'**'-,Q' ʚ ' *#11' !0# %#'.* ,2#"' ,"'*#11'& 04#12#01'$-0' "#!0# 1#'-$'VTV'+'**'-,'$0-+'2&#'SRTX'+'**'-,' 2&#'!0-.T' 0#!-0"#"'','TRSSʛT' ' ' ' Table 4.1-7 Production of Cotton Lint (‘000 kgs) 2005 – 2012 % Change Year 2005 2006 2007 2008 2009 2010 2011 2012 over 2011

Cotton Lint 29.4 32.1 19.2 26.0 3.9 6.1 5.1 3.8 -25.5

SOURCE: Barbados Statistical Service / Ministry of Agriculture and Rural Development ' ' Table 4.1-8 Commercial Bank Credit to the Agricultural Sector 2001-2012 ($' 000) Year Sugar Cane Livestock Food Crops Other Total 2001 15,433 27,548 4,373 7,265 54,619 2002 11,169 23,012 3,797 7,692 45,670 2003 10,902 22,149 1,286 7,598 41,935 2004 10,117 15,809 861 5,551 32,338 2005 8,858 28,194 525 4,992 42,569 2006 9,246 38,618 391 4,414 52,669 2007 2,808 40,453 954 4,531 48,746 2008 3,633 35,308 917 4,607 44,465 2009 3,718 30,107 783 6,558 41,166 2010 9,547 7,568 658 7,095 24,868 2011 8,913 2,181 878 10,609 22,581 2012 7,992 1,590 720 6,190 16,492 SOURCE : Central Bank of Barbados ' '

52 Barbados Economic and Social Report 2012 IV. Sectoral Performance

3,&;(#,(&' !-+. 0#"'2-'! 2!&'*#4#*1'-$'TRSST';-5#4#0' ' 2&#'TRST' '**$'1&'! 2!&''1'2&#'$-302&'*-5#12' /&#' .#0$-0+ ,!#' -$' 2&#' $'1&',%' "30',%' 2&#' * 12' $'$2##,' ʚSWʛ' 7# 0' .#0'-"T' ,2' ',"31207' ',' TRSTQ' #1.#!' **7' ',' 0#* 2'-,' 2-' 1&-3*"' #' ,-2#"' 2& 2' 2&#' $-30' ʚVʛ' *-5#12' 2&#' $*7',%' $'1&' $'1Q' +312' #' !-,1'"#0#"' ! 2!
'$-0'2&#'.#0'-"' 0#'2&-1#'2 )#,'','2&#' 2&#'.--0#12'-,'0#!-0"T'/&'1'13%%#121'2& 2'2&#' * 12' $-30' ʚVʛ' 7# 01T' ,,' !-,20 12' 2&#' ! 2!&' -$' 12-!)' & "' ,-2' 0# -3,"#"' $0-+'2&#' "#!*',#Q' 23, 1' '+.0-4#"' 1'%,'$'! ,2*7' 5'2&' 2&#' 2-2 *' #*'#4#"' 2-' & 4#' ##,' .0#!'.'2 2#"' 7' TRST' ! 2!&'-$'2
#'$'1&'',!0# 1',%' 7'XSTV' #!-1712#+' "'1230 ,!#1' 0#13*2',%' $0-+' 2&#' .#0'!#,2'!-+. 0#"'5'2&'2&#'! 2!&'0#!-0"#"' ',!301'-,' -$' 3,313 **7' * 0%#' + 11#1' -$' 2&#' $-0'TRSST'3302�+-0#'2&#'TRST'23, '! 2!&' + 0',#' *% #' & 0% 113+' 1.T' #25##,' TRSS' #6!##"#"'2&#'$'$2##,'ʚSWʛ'7# 0'+# ,'-$'SWT'2' 2&0-3%&' 2&#' $'012' & *$' -$' TRSTT' ,2' 1&-3*"' #' + )',%' '2' 2&#' $-302&' &'%' ! 2!&' $-0' 2&'1' ,-2#"' 2& 2' 1#4#0 *' .-11' *#' &7.-2'! *' %0-3.'-$'$'1&'','2&#'* 12'$'$2##,'ʚSWʛ'7# 01T' 1!#, 0'-1' -,' &-5' 2&'1' + 7' & 4#' '+. !2#"' ' -,' $*7',%' $'1&' 12-!)' 3," ,!#' & 4#' ##,' f'2&' 2&#' #6!#.2'-,' -$' !-,% *##Q' .-1'2#"Q' 32'2&#'1.#!'$'!'+#!& ,'1+'& 1',-2' * ,"',%1' -$' **' 2&#' -2�' 1.#!'#1' 0#.-02#"' ##,' 1!#02 ',#"T' '+.0-4#"' 2-' 4 07',%' "#%0##1' ',' TRST' ',' ' !-,20 12' 2-' ! 2!&' *#4#*1' $-0' 2&#' 0#1.#!2'4#' ,,'TRST' ,'#12'+ 2#"'2-2 *'-$'SQURR' %0-3.1' ',' TRSST' +-12' ,-2#5-02&7' ',' 2&'1' 2-,,#1'-$'$'1&'5 1'* ,"#"' 2'! 0 "-1T'/&'1' !-,2#62' 5#0#' 2&#' * ,"',%1' -$' ! 0 ,%'"1' 4 *3#'0#.0#1#,21' '"#!*',#'-$'VYU'2-,,#1'-0' ʚ( !)1Q' (-&,1' #2!Tʛ' 5&'!&' 5 1' 2&#' &'%' TXTY'.#0'!#,2'$0-+'* 12'7# 0_1'2-2 *'-$'SQYYU' -4#0' 2&#' * 12' SWV7# 0' .#0'-"' ' 2&'027V,',#' 2-,,#1' ,"' '1' 2&#' *-5#12' 2-2 *' * ,"',%1' -$' ʚU[ʛ' 2-,,#1T' &, ..#0' * ,"',%1' 5#0#' *1-' $'1&' 2' ! 0 "-1' ',' 1#4#0 *' "#! "#1T' /&#' !0#"' *7' 5'2&' 2&#' * ,"',%1' ',' TRST' -$' + (-0' "0'4',%' $-0!#' $-0' 2&'1' 1'%,'$'! ,2' ,',#2##,'ʚS[ʛ'2-,,#1'#6!##"',%'2&#'$'$2##,V 0#"3!2'-,'','2-2 *'* ,"',%1''1'2&#'0#"3!2'-,' 7# 0' +# ,' 4 *3#' $-0' 2&#' %0-3.' 5&'!&' '1' ',' $*7',%' $'1&' * ,"',%1Q' 5&'!&' 27.'! **7' 0#!-0"#"' 2'1#4#,2##,'ʚSYʛ'2-,,#1T' !-,20' 32#1' 0-3,"'WRVYW'.#0'!#,2' ,,3 **7' 2-'2-2 *'$'1&'* ,"',%1'','! 0 "-1T';-5#4#0Q' ' ',' TRST' $*7',%' $'1&' !!-3,2#"' $-0' TYTT' .#0' /&#' * 0%#12' .0-.-02'-,1' -$' 2&#' !#,2' -$' 2&#' 2-2 *' $'1&' ! 2!&Q' 1' !-+. 0#"' '1* ,"_1' $'1&' ! 2!
' 5#0#' % ',' * ,"#"' 2' 5'2&'WSTT'.#0'!#,2'','TRSST' 2&#' !0'"%#2-5,' 3'1&',%' )-+.*#6' ,"' 2&#' ' !#0'," ')-6'3'1&',%' )-+.*#6Q' #12'+ 2#"' 2' "+-,%12' 2&#' * 0%#' .#* %'!' 1.#!'#1Q' 0-3,"' YYTR' .#0' !#,2' ,"' SYTR' .#0' !#,2' ! 2!
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' $-0' TRST' !!-3,2',%' $-0' UWTU' &("'(99'3,&;(#7' .#0'!#,2'-$'$'1&'* ,"',%1T' ' ' ,,' TRST' 2&#' 3'1�'#1' $'4'1'-,' - ,"',%1' -$' 2&#' -2�' * 0%#' .#* %'!' !-,2',3#"' '21' !-** -0 2'-,' 5'2&' 4-*3,2##0' %0-3.1' 1.#!'$'! **7' 2&#' 23, 1' ,"' '**$'1
' $'1�' "'4#01' 2-' 11#11' 2&#' 12 231' -$' *-! *' 1&-5#"' 1'%,'$'! ,2' '+.0-4#+#,21' 1# V#%%' 12-!)1T' /&#' 0#13*21' -$' 2&#' 1304#71'

53 Barbados Economic and Social Report 2012 IV. Sectoral Performance

-,!#' % ',' ',"'! 2#"' 2& 2' 1# V#%%' 12-!)' !-,1203!2'-,'-$',#5'4#11#*1'ʚX'+-1#1' ,"'V' 3," ,!#' 5 1' 12'**' 2--' *-5' 2-' -.#,' 2&#' '!# - 21ʛQ' 1'6' ʚXʛ' ..*'! 2'-,1' $-0' 4#11#*' $'1Q' 1' 2&#' 2&0##' ʚUʛ' 7# 0' & 04#12' ,' *2#0 2'-,1' ʚV' $-0' +-1#1' ,"' -,#' # !&' $-0' .32'','.* !#'','TRSR'5 1'0#2 ',#"T'' '!# - 21' ,"' *-,%*',#01ʛ' ,"' $-30' ʚVʛ' ' ..*'! 2'-,1' $-0' !-,4#01'-,1' -$' +-1#1T' "' #(9,&/(#($'3,&;,*9'3-((/' 2-2 *' -$' [TT' 4#11#*1' 5#0#' ',1.#!2#"' "30',%' ' 2&#' 7# 0' 5'2&' V[[' #',%' . 11#"T' ('%&27V ,,'TRST'2�#'5#0#'',!0# 1#1'','2&#' 2&0##'ʚZUʛ'4#11#*1'5#0#'& 3*#"'3.' ,"'$'$27V ,3+ #0' -$' +-1#1' 7' 25#,27V#'%&2' ʚTZʛ' 1'6' ʚWXʛ' .31&#"' -$$' 7' 2&#' 3'1�'#1' 4#11#*1Q' '!# - 21' 7' $-30' ʚVʛ' 4#11#*1' ,"' $'4'1'-,T' $30',%' 2&#' .#0'-"' 2&#' -'!#,1',%' *-,%*',#01' 7' 2&0##' ʚUʛ' 4#11#*1' ',' 2&#' ,"' ##%'120 2'-,' 1#!2'-,' !-,2',3#"' 0#%'12#0#"' $*##2Q' 5&'*#' 2&#' ,3+ #0' -$' '+.0-4',%' '21' ',2#0, *' "+','120 2'4#' " 7 - 21' 5 1' 0#"3!#"' 7' $-302##,' ʚSVʛ' $3,!2'-,1' 1' 5#**' 1' '+.0-4#+#,21' 2-' 2&#' 4#11#*1T''$30',%'TRSTQ'2&#'3'1�'#1'$'4'1'-,' *'!#,1',%' ,"'0#%'120 2'-,'" 2 1#'2-'+##2' 0#!#'4#"' 2#,' ʚSRʛ' ..*'! 2'-,1' $-0' 2&#' 2&#',##"1'-$'2&#'',1.#!2-0 2#T'' ' ' ' Table 4.1-9 Fish Landings by Type (Tonnes) 2006 -2012 Year 2006 2007 2008 2009 2010 2011R 2012 Flying Fish 921.6 1,288.0 1,813.8 2,292.0 2,424.0 908.0 354.0 Dolphin 475.7 693.0 347.9 870.0 465.0 505.0 459.0 Kingfish 39.2 34.0 20.6 19.0 29.0 27.0 26.0 Billfish 97.1 20.0 83.0 30.0 27.0 44.0 46.0 Tuna 181.2 57.0 141.4 72.0 117.0 114.0 184.0 Snapper 13.3 22.0 2.1 16.0 28.0 10.0 19.0 Reef Fish (Carangids) 19.8 8.0 8.7 9.0 20.0 10.0 39.0 Shark 9.9 140.0 7.9 7.0 8.0 9.0 12.0 Swordfish 29.9 20.0 28.8 15.0 10.0 19.0 16.0 Any other Variety 106.8 109.0 55.1 137.0 98.0 127.0 145.0 Total 1,894.5 2,391.0 2,509.3 3,467.0 3,226.0 1,773.0 1,300.0 SOURCE: Fisheries Department, Ministry of Agriculture and Rural Development ' ' ' Table 4.1-10 Fishing Fleet by Type 2006 – 2012 Type of vessel 2006 2007 2008 2009 2010 2011 2012 Moses 486 498 535 561 564 587 615 Launches 242 240 245 248 251 249 235 Ice boats 167 168 173 182 185 187 191 Longliners 37 36 32 35 36 39 42 Total 932 942 985 1026 1036 1062 1083 SOURCE: Fisheries Department ' '

54 Barbados Economic and Social Report 2012 IV. Sectoral Performance

B. !INDUSTRY !AND !MANUFACTURING ! /&#'#+.*-7+#,2'*#4#*1'0#!-0"#"'',' ' 2&#'+ ,3$ !230',%'13 V1#!2-0'$-0'2&#'0#4'#5' .#0'-"'5#0#' 1'$-**-51S''#+.*-7+#,2'*#4#*1' %6(#6,(fST ' "#!0# 1#"'','2&#'3 0'! 2#"'+#2 *'.0-"3!21' ' &3 V1#!2-0' 7' T[TS' .#0' !#,2Q' 2&#' f--"R' /&#' 5'"#1.0# "' 3,!#02 ',27' ',' 2&#' f--"#,' .0-"3!2'-,' ' 3'22',%1' &3 V1#!2-0' %*- *' #!-,-+7' 5 1' 0#$*#!2#"' ',' 2&#' *-! *' ʚTXTSʛ' .#0' !#,2' ,"' 2&#' (*#!20-,'!' + ,3$ !230',%' ,"'1#04'!#1'1#!2-0T'$#!*',#1' )-+.-,#,21' &3 V1#!2-0' 7' ʚZTWʛ' .#0' !#,2T' 5#0#'0#!-0"#"'','+-12'-$'2&#')#7'',"'! 2-01' (+.*-7+#,2' *-11#1' 5#0#' *1-' 0#!-0"#"' ',S' 5&'!&' !-+.0'1#' 2
#' 1#!2-01' 13!&' 1' 3--"Q' !#4#0 %#1' ' /- !!-' ʚYTX' .#0!#,2ʛR' #+.*-7+#,2' *#4#*1Q' 2&#' ,3+ #0' -$' .* 12'!' .0-"3!21' ʚWTW' .#0' !#,2ʛR' /#62'*#1Q' #,2#0.0'1#1' #12 *'1&#"' ,"' 2&#' ',"#6' -$' ".. 0#*' ' -# 2�' ʚWTV' .#0' !#,2ʛ' ,"' 2&#' ',"3120' *'.0-"3!2'-,T';-5#4#0Q'2&#'%0-52&' . .#0' .0-"3!2'-,Q' .0',2' ' .3 *'1&',%' &3 V ',' "-+#12'!' #6.-021' 0#!-0"#"' ',' TRSS' 1#!2-0'ʚVTW'.#0'!#,2ʛT''(+.*-7+#,2'*#4#*1Q'',' !-,2',3#"' 2-' #' .-1'2'4#' ',' TRST' ,"' 2&#'; ,"'!0 $2'&3 V1#!2-0' ,"'2&#'.0#!'1'-,' ',4#12+#,2' ',' 2&#' 1#!2-0' %0#5' 7' $UTS' ,,1203+#,21' &3 V1#!2-0' $#**' 7' STX' .#0!#,2' +'**'-,T SU ' ,"' RT[' .#0' !#,2' 0#1.#!2'4#*7T' (+.*-7+#,2' ' 14 *#4#*1'',!0# 1#"'','2&#'*-,V'+#2 **'!'+',#0 *' (+.-%7+(*/', *'/ ;('&()/%# ' .0-"3!21' &3 V1#!2-0' ,"' 2&#' )&#+'! *1' ' ' )&#+'! *' .0-"3!21' &3 V1#!2-0' 7' WTR' .#0' "!!-0"',%' 2-' 2&#' ! 0 "-1' !#,2' ,"' STU' .#0' !#,2' 0#1.#!2'4#*7R' ,,4#12+#,2' ,"'$#4#*-.+#,2')-0.-0 2'-,_1' #+.*-7+#,2' *#4#*1' ',' 2&#' %2�' ʚ!,$)ʛ' &2 2'12'! *' ##.-02' $-0' &#.2#+ #0' + ,3$ !230',%' &3 V1#!2-0' 0#+ ',#"' TRST' ʚ+-12' 0#!#,2' " 2 ' 4 '* *#ʛ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ʚUUTU' .#0' !#,2ʛR' (,%',##0',%' '!#1' &3 V UQYSZ' !-+. 0#"' 5'2&' UQRTS' 2' &#.2#+ #0' 1#!2-0'ʚSWTY'.#0'!#,2ʛ' ,"'2&#'##. '0''##V TRSTQ'5&'!&'0#.0#1#,2#"' '"#!0# 1#'-$'SZTX' $ 0'! 2'-,' '!#1' &3 V1#!2-0' ʚSWTV' .#0' .#0'!#,2T'/&#'3--"Q'!#4#0 %#1' ,"'/- !!-' !#,2ʛ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ʚVTU'.#0'!#,2ʛR'%2�' %#,#0 2-0' -$' #+.*-7+#,2' $-0' 2&#' '!#1' '!#1' ʚUTZ' .#0' !#,2ʛ' ,"' 2&#' "!!-3,2',%' &#!2-0' !!-3,2',%'$-0'[[R'(- 1Q'5&'!&'5 1' ' ' ,,2#0, 2'-, *' 3', ,!' *' '!#1' &3 V "#!0# 1#'-$'VTY'.#0'!#,2T' 1#!2-0' 7'TTS'.#0'!#,2T'' ' 12 The information in the overview was obtained "!!-0"',%' 2-' 2&#' !,$)_1' ##.-02Q' from the BIDC’s report. 2-2 *' (- ' !0# 2'-,' $-0' TRST' 5 1' 13 This information on investment is for the ..0-6'+ 2#*7' ZVZ' (- 1' 5&'!&' 0#.0#1#,2#"' period January to September 2012. 14 ,'',!0# 1#'-$'1#4#,27'$-30'ʚYVʛ'(- 1Q'5&#,' Employment numbers only capture persons !-+. 0#"' 5'2&' TRSST' /&#' $-**-5',%' working in companies that are listed in the + ,3$ !230',%' &3 V&#!2-01' 5#0#' 2&#' + (-0' BIDC’s database.

55 Barbados Economic and Social Report 2012 IV. Sectoral Performance

%#,#0 2-01'-$'#+.*-7+#,2'$-0'TRSTS''3--"Q' (- 1' ',' 2&#' '!#1' &#!2-0' 5#0#' 2&#' !#4#0 %#1''/- !!-'&3 V&#!2-0'%#,#0 2#"' ,,$-0+ 2'-,''!#1'&3 V&#!2-0'ʚSVS'(- 1ʛR' S[S' (- 1R' *-,V+#2 **'!' +',#0 *' .0-"3!21' )-,20 !2'')-,1203!2'-,''!#1'&3 V&#!2-0' &3 V&#!2-0' %#,#0 2#"' SXW' (- 1' ,"' 2&#' ʚSRY' (- 1ʛ' ,"' 2&#' "!!-3,2',%' ' /#62'*#1Q' ".. 0#*' ' -# 2�' &3 V&#!2-0' ,,2#0, 2'-, *' 3', ,!' *' '!#1' %#,#0 2#"' %#,#0 2#"'VT'(- 1T'/&#'+ (-0'%#,#0 2-01'-$' TT'(- 1T'' ' Table 4.2-1 Employment in the Manufacturing Sector and Related Services 2007 – 2012

Sub-Sector 2007 2008 2009 2010 2011R 2012P

Food, Beverages & Tobacco 3,760 3,598 3,469 3,559 3,603 3,329 Textiles, Apparel & Leather 729 584 610 544 551 521 Wood; Wooden Prod. & Fittings 431 436 373 425 398 294 Paper Prod., Print & Publishing 752 755 741 741 712 680 Chemicals & Chemical Products 395 398 397 395 380 385 Plastic Products 262 238 211 213 199 188 Non-Metallic Mineral Products 1,207 1,155 1,059 1,051 844 886 Fabricated Metal Products 952 893 873 954 989 701 Precision Instruments 169 173 169 168 211 209 Electronic Components & Devices 372 290 279 237 224 205 Handicraft 161 119 126 132 123 121 Other Manufacturing 127 130 150 147 140 140 Manufacturing Sub-Total¹ 9,317 8,769 8,457 8,566 8,374 7,659 Accounting and Financial Services 633 647 675 692 663 649 Advertising & Public Relations Services 108 101 74 74 73 67 Graphic Art & Photography Services 3 3 6 7 3 2 Architectural Services 86 87 90 78 69 66 Contract & Construction Services 1,370 1,406 1,157 963 946 990 Technical & General Consulting 63 54 54 72 68 58 Services Engineering Services 110 114 110 106 102 86 Information Services 1,901 2,144 2,087 1,915 1,361 688 Repair & Refabrication Services 13 11 10 15 13 11 Other Services 364 329 339 410 420 404 Total Services 4,651 4,896 4,602 4,332 3,718 3,021 Total 13,968 13,665 13,059 12,898 12,092 10,680

SOURCE: Barbados Investment and Development Corporation Note: The data for 2011 and 2012 is for the month of September ¹ These employment numbers only capture persons working in companies that are listed in the BIDC database ' ' '

56 Barbados Economic and Social Report 2012 IV. Sectoral Performance

,*$(4'% 3',*$5&/#,"-'.#%$5)/,%*SW ' + ,3$ !230',%' ,"'0#* 2#"''!#1'1#!2-01' ' 0# !&#"'$SXTY'+'**'-,Q'TTTZ'.#0'!#,2'&'%�' /&#' ,,"#6' -$' ,,"3120' *' .0-"3!2'-,' 2& ,'2&#'$UTS'+'**'-,'',4#12#"'$-0'2&#'.#0'-"' $-0'%!2- #0'TRSS'12--"' 2'ZRT[Q' '"#!*',#'-$' h ,3 07' 2-' &#.2#+ #0' TRSST' ' $30',%' 2&#' YTX'.#0'!#,2'5&#,'!-+. 0#"'5'2&'2&#'',"#6' 0#4'#5'.#0'-"Q'*#5',,4#12+#,21' !!-3,2#"' $-0' %!2- #0' TRSTT' /&#' + ',' ! 2#%-0'#1' $-0' $YVXQYWRQ' 5&'!&' 5 1' TRTY' .#0' !#,2' 5&'!&' + )#' 3.' 2&#' ,,"#6' -$' ,,"3120' *' &'%�' 2& ,' *#5' ,,4#12+#,21' 0#!-0"#"' $-0' .0-"3!2'-,' ',!*3"#"S' +',',%' ' i3 007',%' 2&#' 1 +#' .#0'-"' TRSST' ,,4#12+#,2' ',' 2&#' 1#!2-0Q' + ,3$ !230',%' ,"' (*#!20'!'27Q' ,"' #6. ,1'-,' -$' #6'12',%' .* ,2' 0# !&#"' $SXTR' f 2#0' ' 9 1T' $#!*',#1' 5#0#' 1##,' ',' 25-' +'**'-,Q' SYTX'.#0' !#,2' +-0#' 2& ,'2&#' $SUTX' + ',' ! 2#%-0'#1' +',',%' ' i3 007',%' ',"#6' +'**'-,' ',4#12#"' ',' TRSST' *#5' ',4#12+#,21' ʚTRTZ'.#0'!#,2ʛ' ,"'2&#'+ ,3$ !230',%'',"#6' 0#.0#1#,2#"' VTW' .#0' !#,2' -$' 2-2 *' ʚSSTU'.#0'!#,2ʛR'&-5#4#0Q'2&#'',"#6'$-0'2&#' ',4#12+#,21Q'5&'*#'',4#12+#,2'','#6. ,1'-,' (*#!20'!'27Q' f 2#0' ' 9 1' ',!0# 1#"' 7' RTT' -$'#6'12',%'.* ,2'0#.0#1#,2#"'[WTX'.#0'!#,2T' ' .#0!#,2T'/&#'+',',%' ,"'2&#'i3 007',%'13 V 1#!2-01'"#!0# 1#"' 7'TVT['.#0'!#,2' ,"'S[TR' (*/(#.#,&(&' (&/"!-,&;($' ! 7' !,$)' .#0' !#,2' 0#1.#!2'4#*7T' /&#' + ,3$ !230',%' ʚ+"*53")/5#,*9' " *$' #(-"/($' 1#!2-0'0#!-0"#"'',!0# 1#1'','2&#'3--"'ʚSTT[' &(#6,)(&ʛ' .#0'!#,2ʛQ'f# 0',%'".. 0#*'ʚSUTX'.#0'!#,2ʛ' ' ,"' 2&#' f--"#,' 330,'230#' ʚWRTY' .#0' !#,2ʛ' $30',%' TRSTQ' 2&#' ,3+ #0' -$' ,#5' 13 V1#!2-01T' /&#' *-,V+#2 **'!' +',#0 *' !-+. ,'#1' #12 *'1&#"' 5'2&' 2&#' 11'12 ,!#' .0-"3!21' 13 V1#!2-0' ',"#6' "#!0# 1#"' 7' -$'2&#'!,$)Q'12--"' 2'#*#4#,'ʚSSʛQ' '"#!0# 1#' XTTW'.#0'!#,2'5&'*#'2&#')&#+'! *1'',"#6'$#**' -$'$-30'ʚVʛ'5&#,'!-+. 0#"'5'2&'TRSST''%$' 7'SWTV'.#0'!#,2T'/&#'',"#6'$-0'!#4#0 %#1'' 2&#' ,#5' !-+. ,'#1' #12 *'1&#"Q' 1#4#,' ʚYʛ' /- !!-Q' $#**' 7' SVTT' .#0' !#,2' 5&'*#' 2&#' 5#0#'','2&#'%2�''!#1'13 V&#!2-0T''%,#' (*#!20-,'!' )-+.-,#,21' ',"#6' "#!0# 1#"' 7' ʚSʛ' !-+. ,7' 5 1' #12 *'1&#"' ',' 2&#' *-,V STZ'.#0'!#,2R'2&#'%2�'+ ,3$ !230',%'',"#6' +#2 **'!'+',#0 *'.0-"3!21Q'3 0'! 2#"'+#2 *' $#**' 7'STU'.#0'!#,2T' .0-"3!21Q'2&#'; ,"'!0 $2'&3 V&#!2-0Q' ,"'2&#' ' %2�' + ,3$ !230',%' &3 V&#!2-01' Figure 10 0#1.#!2'4#*7T'' Index of Industrial Production ' 1996 – 2012 )#($,/'/ %'+"*53")/5#,*9SX '' ' "2' 2&#' #,"' -$' *-4#+ #0' TRSTQ' !-++#0!' *' !0#"'2' 2-' 2&#' + ,3$ !230',%' &#!2-0'5 1'#12'+ 2#"' 2'$STYTY'+'**'-,T'/&'1' 0#.0#1#,2#"' '"#!0# 1#'-$'SRTV'.#0'!#,2'-0' $SVT['+'**'-,'5&#,'!-+. 0#"'5'2&'2&#'1 +#' .#0'-"' ',' TRSST' /&#' + ',' #,#$'!' 0'#1' -$' ' !-++#0!' *' ,)' !0#"'2' 2' 2&#' #,"' -$' ,*6(&/+(*/' , *' +"*53")/5#,*9' " *$' *-4#+ #0' TRST' 5#0#' 2&#S' "*!-&-*'!' #(-"/($'&(#6,)(&' !#4#0 %#1' ' /- !!-' 1#!2-0R' 2&#' %2�' ' + ,3$ !230',%' 1#!2-0R' 2&#' 3--"' ' *-,V 3-0' 2&#' .#0'-"Q' h ,3 07' 2-' "*!-&-*'!'!#4#0 %#1'1#!2-0' ,"'2&#'!3'*"',%' &#.2#+ #0' TRSTQ' 2-2 *' ',4#12+#,2' ',' 2&#' + 2#0' *''+#2 *'.0-"3!2'1#!2-0T'

15 Information in table and figure 11 is for the period 16 Source Central Bank of Barbados. The database is Jan-Oct 2012 and is provisional. for the period January to November 2012.

57 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.2-2 Investment in BIDC Assisted Companies 2007 - 2012 (BDS $) Investment 2007 2008 2009 2010 2011 2012P

New: Manufacturing 3,000 56,900 292,730 69,000 0 227,000 Services 1,244,200 247,000 173,200 208,300 111,700 Other - 280,000 223,040 399,153 94,788 519,750 Sub-Total 1,247,200 583,900 688,970 676,453 206,488 746,750

Expansion: Manufacturing 66,160,601 58,167,704 27,591,527 43,373,742 14,508,097 10,015,056 Services 1,708,851 7,625,921 2,157,907 1,871,566 3,764,686 5,986,978 Sub-Total 67,869,452 65,793,625 29,749,434 45,245,308 18,272,783 16,002,034

Grand Total 69,116,652 66,377,525 30,438,404 45,921,761 18,479,271 16,748,784 Note: Figures for 2012 are for the period Jan-Sept SOURCE: Barbados Investment and Development Corporation

' Figure 11 $UTTU' +'**'-,' ',' !-++#0!' *' ,)' !0#"'2' Credit to the Manufacturing Sector 5&'!&' 0#.0#1#,2#"' ' "#!*',#' -$' TTT[' .#0' 1997 – 2012 !#,2T' )0#"'2' 2-' 2&#' 3--"' ' *-,V"*!-&-*'!' !#4#0 %#1' ,"' 2&#' !3'*"',%' + 2#0' *' ' +#2 *' .0-"3!2' 1#!2-01' $#**' 7' RTZ' .#0' !#,2' ,"'TRT['.#0'!#,2'0#1.#!2'4#*7T',,!0# 1#1'',' "-+#12'!' !0#"'2' 5#0#' 0#!-0"#"' ',' 2&#' (*#!20'! *' .0-"3!21' 1#!2-0' ʚVXTZ' .#0' !#,2ʛ' ,"' 2&#' /#62'*#' 1#!2-0' ʚRTV' .#0' !#,2ʛT' $#!*',#1' 5#0#' 0#!-0"#"' ',' 2&#' &3% 0' ' ' +-* 11#1' 1#!2-0R' 2&#' .#20-V!&#+'! *1' ,"' ' ' 2&#' 330,'230#' ' f--"' .0-"3!21' 1#!2-01T' "2'2&#'#,"'-$'*-4#+ #0'TRSTQ'!0#"'2' )0#"'2' 2-' 2&#' &3% 0' ' +-* 11#1' 1#!2-0' 2-'2&#'"*!-&-*'!'!#4#0 %#1''/- !!-'1#!2-0' "#!0# 1#"' 7'USTZ'.#0'!#,2R'5&'*#'!0#"'2'2-' 2-2 *#"' $UYTU' +'**'-,Q' ' "#!0# 1#'-$' STV' .#0' 2&#' .#20-V!&#+'! *1' ,"' 2&#' 330,'230#' ' !#,2'5&#,'!-+. 0#"'5'2&'*-4#+ #0'TRSST' f--"'.0-"3!21'1#!2-01'$#**' 7'SUTY'.#0'!#,2' /&#' %2�' + ,3$ !230',%' 1#!2-0' 0#!#'4#"' ,"'STZ'.#0'!#,2'0#1.#!2'4#*7T' '

58 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.2-3 New Enterprises Established 2006 - 2012 Categories 2006 2007 2008 2009 2010 2011 2012P

Food, Beverages and Tobacco 1 1 6 2 1 0 0 Textiles, Apparels and Leather 1 0 0 1 1 0 0 Wood, Wooden Products and Leather 0 0 1 0 0 0 0 Paper Products, Printing and Publishing 0 0 0 0 0 0 0 Chemicals & Chemical Products 0 0 0 0 0 0 0 Plastic Products 0 0 0 0 0 0 0 Non-Metallic Mineral Products 0 0 0 0 0 0 1 Fabricated Metal products 0 0 1 0 0 0 1 Precision Instruments 0 0 0 0 0 0 0 Electronic Components and Devices 0 0 0 0 0 0 0 Handicraft 0 0 2 0 3 0 1 Other Manufacturing 1 0 1 3 2 0 1 Accounting & International Financial 0 0 0 0 0 0 0 Services Advertising & Public Relations 0 0 1 0 0 1 0 Graphic Art & Photography Services 0 0 0 2 1 0 0 Architectural Services 0 0 0 0 0 0 0 Contract & Construction Services 0 1 5 0 2 0 0 Technical & General Consulting 1 0 0 0 0 0 0 Engineering 0 0 0 0 0 0 0 Information Services 3 1 0 1 0 0 0 Repair & Refabrication Services 0 0 0 0 0 1 0 Other Services 1 10 4 17 27 13 7 Total 8 13 21 26 37 15 11 SOURCE: Barbados Investment and Development Corporation (BIDC)

Table 4.2-4 Direction of Trade with CARICOM Countries Domestic Exports 2006 - 2012 Country 2006 2007 2008 2009 2010 2011 2012P

Antigua 19,976 17,158 17,667 15,772 12,184 13,579 14,748 Belize 3,628 4,428 4,311 2,698 3,367 2,694 2,794 Dominica 8,859 8,562 9,059 6,852 6,177 6,250 5,932 Grenada 15,151 17,701 17,290 19,283 19,693 15,336 14,037 Guyana 11,196 18,308 26,285 25,332 28,167 26,822 29,829 Haiti 2,167 1,650 605 7,283 1,218 1,157 795 Jamaica 36,966 32,938 30,446 27,710 27,831 28,672 30,381 St. Kitts & Nevis 12,851 9,804 14,231 8,320 9,956 6,654 6,406 St. Lucia 39,551 39,379 41,340 32,855 29,570 32,815 32,982 Montserrat 8,766 528 607 340 306 350 310 Suriname 3,827 9,841 8,488 4,354 8,307 7,000 7,114 Trinidad & Tobago 76,969 86,855 77,990 54,851 39,782 77,001 114,623 St. Vincent 22,702 24,412 23,615 21,851 19,265 20,687 18,556 Total 262,609 271,564 271,934 227,501 205,823 239,017 278,507

SOURCE : Barbados Statistical Service

59 Barbados Economic and Social Report 2012 IV. Sectoral Performance

' $%+(&/,)'(4.%#/'.(#3%#+"*)(' +'**'-,' !-+. 0#"' 5'2&' $TXTZ' +'**'-,' ' 0#!-0"#"' ',' TRSST' &2T' 6',!#,2' .30!& 1#"' /-2 *'"-+#12'!'#6.-021' 2'2&#'#,"'-$' $SZTX'+'**'-,'"30',%'2&#'0#4'#5'.#0'-"Q'$TTS' TRST'0-1#'2-'$W[TT['+'**'-,'!-+. 0#"'5'2&' +'**'-,' *#11' 2& ,' 5& 2' 5 1' 0#!-0"#"' ',' $WUVTS'+'**'-,'','TRSSQ'0#.0#1#,2',%' ,'SSTR' TRSST' (6.-021' 2-' &2T' ['221' ,"' *#4'1' .#0' !#,2' ',!0# 1#T' (6.-021' -$' +-* 11#1' "#!0# 1#"' 7' UTY' .#0' !#,2Q' 2-' $XTV' +'**'-,' ',!0# 1#"' 7' UTTU' .#0' !#,2Q' 5&'*#' %2�' $0-+' $XTX' +'**'-,' ',' TRSST' /&#' 4 *3#' -$' $-+#12'!' (6.-021' ',!0# 1#"' 7' UST[' .#0' #6.-021' 2-' &30', +#' ',!0# 1#"' 2-' $YTS' !#,2T'$-+#12'!'#6.-021'-$'#3+'',!0# 1#"' 7' +'**'-,'',' TRST'5&'*#' '+.-021'2-'$-+','! ' SXTV' .#0' !#,2' 2-' 0# !&' $SSTX' +'**'-,' ,"' $#**' 2-' $WT[' +'**'-,T' $-+#12'!' #6.-021' 2-' #6.-021'-$'&3% 0'',!0# 1#"' 7'$SSTR'+'**'-,' ; '2'' ,"' +-,21#00 2' $#**' 7' USTU' .#0' !#,2' -0' WTT' .#0' !#,2T' (6.-021'-$' %2�' 3--"' ,"' ,"'SSTV'.#0'!#,2'0#1.#!2'4#*7'5&'*#'#6.-021' !#4#0 %#1' ,"'- 0"''+ 0% 0',#'0-1#' 7'VTX' 2-' !#*'8#' ',!0# 1#"' 7' $STR' +'**'-,' -0' UTY' .#0' !#,2' ,"' RTZ' .#0' !#,2' 0#1.#!2'4#*7T' .#0'!#,2T SZ ' $-+#12'!' #6.-021' -$' )*-2&',%' "#!0# 1#"' 7' ' $S[TS'+'**'-,'-0'USTV'.#0'!#,2'5&'*#'#6.-021' (*/(#.#,&(' 9#%f/;' 35*$' -,+,/($' -$'(*#!20'! *')-+.-,#,21'"#!0# 1#"' 7'SZTY' ʚ(93-ʛ' .#0' !#,2T' /&#' #6.-021' -$' )&#+'! *1' ' "#!0# 1#"' 7'$TRTU'+'**'-,'-0'SVTV'.#0'!#,2Q' /&#' (,2#0.0'1#' 90-52&' 33,"' "30',%'2&#'0#4'#5'.#0'-"T' -'+'2#"' ʚ(93-ʛ' .0-4'"#1' *- ,' $', ,!',%Q' ' #/3'27'$', ,!',%Q' 31',#11' "4'1-07'1#04'!#1' )"#,)%+' 5 1' 2&#' * 0%#12' #6.-02' + 0)#2Q' !-,20' 32',%' $UTYTV' +'**'-,' ',' ,"' 2#!&,'! *' 11'12 ,!#' 2-' 1+ **' ,"' #6.-02' # 0,',%1' $-0' 2&#' .#0'-"' h ,3 07' 2-' +#"'3+V1'8#"' ! 0 "' ,' !-+. ,'#1T' (93-' $#!#+ #0' TRSTR' 5&'!&' 5 1' ' "#!0# 1#' -$' + , %#1' ,',#' ʚ[ʛ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f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h + '! ' 0-1#' 7' ..0-6'+ 2#*7' ' $STY' +'**'-,' 2-' 0# !&' $URTV' +'**'-,' "30',%' TRSTT' ",2'%3 ' '+.-02#"' $SVTY' +'**'-,' /;('"9#,)5-/5#"-'$(6(-%.+(*/'35*$' !-+. 0#"'5'2&'$SUTX'+'**'-,'','TRSSQ'5&'*#' ' 90#, " ' .30!& 1#"' $SVTR' +'**'-,Q' 5&'!&' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' 0#.0#1#,2#"' ' "#!*',#' -$' $STU' +'**'-,T' "%0'!3*230 *' $#4#*-.+#,2' 33,"' !-,2',3#"' (6.-021' 2-' 937 , ' ',!0# 1#"' 2-' $T[TZ' 2-' ',!0# 1#' 2&#' !-+.#2'2'4#,#11' -$' *-! *'

17 This information was analyzed based on the 18 This information was analyzed from the figures contained in Appendix 6 information contained in Table 4.2-5

60 Barbados Economic and Social Report 2012 IV. Sectoral Performance

$ 0+',%' ,"'$'1&',%'!-++3,'2'#1T'/&#'*#4#*' $3,"',%' 7' 5 7' -$' ' %0 ,2' 2-' !-0.-0 2#' -$' $3,"1' ! .'2 *'8#"' 7' 2&#' %-4#0,+#,2' $-0' #,2'2'#1' ',!*3"',%' 12 232-07' !-0.-0 2'-,1' TRST' +-3,2#"' 2-' $STTR' +'**'-,T' /&#' 2-2 *' ',4-*4#"' ',' 2&#' 31',#11' -$' #6.-02',%T' /&#' $3,"1' "'1 301#"' "30',%' 2&#' 0#4'#5' .#0'-"' (,2#0.0'1#'90-52&'33,"'-'+'2#"'ʚ(93-ʛ'"'"' +-3,2#"' 2-' $STTV' +'**'-,' 5&'!&' ,-2' 0#!#'4#' ! .'2 *' $3,"1' $0-+' 2&#' 0#.0#1#,2#"' ,' ',!0# 1#' -$' $[TT' +'**'-,' %-4#0,+#,2' $-0' 2&#' (6.-02' .0-+-2'-,' ,"' 5&#,' !-+. 0#"' 5'2&' 2&#' $UTT' +'**'-,' + 0)#2',%' 33,"' "30',%' 2&#' .#0'-"' 3,"#0' 0#!-0"#"' ',' TRSST' "2' 2&#' #,"' -$' $#!#+ #0' 0#4'#5T'/&#'2-2 *'$3,"1'"'1 301#"'$-0'TRST' TRSTQ' $-30' ʚVʛ' *- ,1Q' ,"' 25-' ʚTʛ' %0 ,21' 12--"' 2'$TUUQR[Z'5&'!&'5 1' '"#!0# 1#'-$' 5#0#' ..0-4#"' 2-2 *',%' $RTZ' +'**'-,' ,"' $TWXQRXR' 5&#,' !-+. 0#"' 5'2&' 2&#' $STS'+'**'-,'0#1.#!2'4#*7T''/&#' !!3+3* 2#"' $VZ[QSWZ' "'1 301#"' ',' TRSST' /&#' (93-' 4 *3#'-$'*- ,1' ..0-4#"'$-0'2&#'.#0'-"'S[[Z' ..0-4#"' $-30' ʚVʛ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ʚUʛ' *- ,1' 5#0#' 9-4#0,+#,2' "30',%' 2&#' 0#4'#5' .#0'-"T' /&#' ..0-4#"Q' 2-2 *',%' $YYQRTTT' /&#' +-3,2'-$'$3,"1'"'1 301#"'2-2 *#"'$UZXQ[[Z' !!3+3* 2#"'4 *3#'-$'*- ,1' ..0-4#"'$-0'2&#' 5&'!&' 0#.0#1#,2#"' ,' ',!0# 1#' -$' VYTR' .#0' .#0'-"'S[[Z'2-'TRSTQ'2-2 *#"'$WVXQUVXT'/&#' !#,2' 5&#,' !-+. 0#"' 5'2&' 2&#' $TXVQR[V' 2-2 *' +-3,2' 4 '* *#' $-0' *#,"',%Q' 2' 2&#' 5&'!&' 5 1' "'1 301#"' ',' TRSST' $30',%' 2&#' #,"'-$'$#!#+ #0'TRST'5 1'$TTW'+'**'-,T' 0#4'#5' .#0'-"' -,#' ʚSʛ' ,#5' *- ,' 5 1' ' ..0-4#"T' /&#' !!3+3* 2#"' 4 *3#' -$' *- ,1' /;('(*/(#.#,&('9#%f/;'35*$' ..0-4#"' $-0' 2&#' .#0'-"' S[[Z' 2-' TRSTQ' ' 2-2 *#"' $UTY' +'**'-,T' /&#' +-3,2' 4 '* *#' /&#' (,2#0.0'1#' 90-52&' 33,"' 5 1' $-0' *#,"',%' 1' 2' $#!#+ #0' TRST' 5 1' ,-2' ! .'2 *'8#"' 7' %-4#0,+#,2' "30',%' 2&#' ..0-6'+ 2#*7'$XVRQU[ST'' 0#4'#5'.#0'-"T'"2'2&#'#,"'-$'TRSTQ'2&#'2-2 *' ' $3,"1' "'1 301#"' +-3,2#"' 2-' $STZ' +'**'-,Q' /;(' ,*$5&/#,"-' ,*6(&/+(*/' "*$' 5&'!&' 0#.0#1#,2#"' ' "#!0# 1#' -$' UUTR' .#0' (+.-%7+(*/'35*$'ʚ,,(3ʛ' !#,2' 5&#,' !-+. 0#"' 5'2&' 2&#' $TTZ' +'**'-,' ' "'1 301#"'','TRSST'"2'2&#'#,"'-$'TRSTQ'25-' "2' 2&#' #,"' -$' TRSTQ' 2&#' ,,"3120' *' ʚTʛ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

61 Barbados Economic and Social Report 2012 IV. Sectoral Performance

2-2 *#"'$S[TS'+'**'-,T'/&#' +-3,2' 4 '* *#' $-0' *#,"',%' 1' 2' $#!#+ #0' TRST' 5 1' $-0' *#,"',%' 1' 2' $#!#+ #0' TRST' 5 1' ..0-6'+ 2#*7'$TTS'+'**'-,T'' ..0-6'+ 2#*7'$TT['+'**'-,T' ' ' &.(),"-' /();*,)"-' "&&,&/"*)(' &+"--';%/(-&',*6(&/+(*/'35*$' .#%9#"++('ʚ&/".ʛ' ' ' $30',%'2&#'0#4'#5'.#0'-"Q'2&#'&+ **' /&#' ! 0 "-1' ,,4#12+#,2' ;-2#*1',,4#12+#,2'33,"'ʚ&;,3ʛ'!-,2',3#"'2-' $#4#*-.+#,2' )-0.-0 2'-,_1' ʚ!,$)ʛ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ʚ/".ʛQ'2&#' 2-2 *#"' $[YRQ[XV' 5&'!&' 0#.0#1#,2#"' ,' &.#!' *' /#!&,'! *' "11'12 ,!#' .0-%0 ++#' ',!0# 1#' -$' $Z[[QTZU' 5&#,' !-+. 0#"' 5'2&' ʚ&/".ʛQ' ,"' 2&#' (6.-02' $#4#*-.+#,2' 2&#' $YSQXZS' "'1 301#"' ',' TRSST' /&#' .0-%0 ++#T' $#1.'2#' 2&#' #!-,-+'!' !!3+3* 2#"'4 *3#'-$'*- ,1' ..0-4#"'$-0'2&#' !-,"'2'-,1Q' &/".' "'1 301#+#,21' ',!0# 1#"' .#0'-"'S[[Z'2-'TRSTQ'2-2 *#"'$U[TS'+'**'-,T' 7' YTY' .#0' !#,2T' ;-5#4#0Q' 2&#' ,3+ #0' -$' /&#' +-3,2' 4 '* *#' $-0' *#,"',%' 1' 2' &/".' #,#$'!' 0'#1' $#**' 7' T[TR' .#0' !#,2Q' $#!#+ #0' TRST' 5 1' ..0-6'+ 2#*7' $[TT' 5&#,'!-+. 0#"'5'2&'TRSST'' +'**'-,T'' ' ' ' ;(' *(#97' +"#/' 5*$ / ( & 3 ' Table 4.2-5 ' Beneficiaries of STAP for 2009-2012 /&#' (,#0%7' &+ 02' 33,"' 5 1' #12 *'1&#"' 2-' .0-4'"#' $', ,!' *' ,"' Category 2009 2010 2011R 2012P 2#!&,'! *' 13..-02' 2-' 0#,#5 *#' #,#0%7' ,"' Individuals 4 5 6 2 #,#0%7' #$$'!'#,!7' .0-(#!21T' /&'1' $3,"' 5 1' Companies 78 48 41 29 ,-2'! .'2 *'8#"' 7'2&#'%-4#0,+#,2'$-0'TRSTT' /�#' 5#0#' ,-' $3,"1' "'1 301#"' 3,"#0' 2&'1' Sectors 6 6 7 7 $3,"' ',' TRSTR' 2�#$-0#Q' 2&#' +-3,2' Institutions 2 3 1 1 4 '* *#' $-0' *#,"',%' 1' 2' $#!#+ #0' TRST' TOTAL 90 62 55 39 5 1'$VTS+'**'-,T'' SOURCE: Barbados Investment and Development ' Corporation /;('/%5#,&+'-%"*'35*$' ' /&#' /-30'1+' -- ,' 33,"' !-,2',3#"' Figure 12 2-' .0-4'"#' *- ,1' $-0' 2&#' 0#$30 '1&',%' ,"' Total % Change of STAP Disbursement 3.%0 "',%'-$'#*'%' *#'&-2#*1' ,"' 220 !2'-,1' 2002 - 2012 "30',%' TRSTT' /&#' $3,"' *1-' .0-4'"#"' *- ,' $', ,!',%' $-0' 2&#' !-,1203!2'-,' -$' $ !'*'2'#1' ,"' 220 !2'-,1T' /&#' 2-30'1+' *- ,' $3,"' "'"' ,-2' 0#!#'4#' ! .'2 *' $3,"1' $0-+' 2&#' %-4#0,+#,2' "30',%' 2&#' 0#4'#5' .#0'-"T' /&#' +-3,2' -$' $3,"1' "'1 301#"' "30',%' 2&#' 0#4'#5'.#0'-"' +-3,2#"'2-'$TTW'+'**'-,' ,"' -,#' ʚSʛ' *- ,' 5 1' ..0-4#"' +-3,2',%' 2-' $UTS'+'**'-,T'/&#' !!3+3* 2#"'4 *3#'-$'*- ,1' ..0-4#"' $-0' 2&#' .#0'-"' S[[Z' 2-' TRSTQ' 2-2 *#"'$XTTV'+'**'-,T'/&#' +-3,2' 4 '* *#' ' '

62 Barbados Economic and Social Report 2012 IV. Sectoral Performance

/;(' )"#,)%+V)"*"$"' /#"$(' " *$' 2'+#*',#Q'2�#''1'1-+#'"#%0##'-$'30%#,!7'-,' $(6(-%.+(*/'"9#((+(*/' 2&#' . 02' -$' ) , " ' 2-' !-,!*3"#' 2&#' ' %0##+#,2' ',' 2&#' 1&-02#12' 2'+#$0 +#' 5'2&' /&#'$-302&'#-3,"'-$'*#%-2' 2'-,1'-$' 13$$'!'#,2' 2'+#' 0#+ ',',%' 2-' **-5' $-0' 2&#' ' /0 "#' ,"' $#4#*-.+#,2' "%0##+#,2' *#% *' 1!03 Q' 1'%, 230#' ,"' 0 2'$'! 2'-,T' ' ,2' #25##,')"#,)%+' ,"') , " '!-++#,!#"' 1&-3*"' #' ,-2#"' 2& 2' ) , " ' & 1' *1-' "30',%' h3*7' TRSTT' /&#' %#," ' **-5#"' 2&#' ',"'! 2#"' 2& 2' '2' 5'**' ,-2' #' 1##)',%' ' . 02'#1'2-'!-,2',3#'2&#'0'13 12 ,2'4#'2#623 *' 0#,#5 *'-$'2&#'5 '4#0'','2&#'f/%' $2#0''21' "'1!311'-,1' 3,"#0' 2&#' !-0#' 20 "#' #6.'07' 2'2&#'#,"'-$'TRSUT' ,#%-2' 2'-,' 13 (#!2' 0# 1' , +#*7Q' /0 "#' ',' ' 9--"1Q' /0 "#' ',' '!#1Q' ,,4#12+#,2' ,"' &/"/5&'% 3'(."',+.-(+(*/"/,%*' -2�' /0 "#' 0#* 2#"' '113#1' 13!&' 1' ' )-+.#2'2'-,' .-*'!7' ,"' /0 ,1. 0#,!7' ','  # 2'$'! 2'-,'- $'( ."S'/&#')"#,3%#5+V(5' 9-4#0,+#,2' .0-!30#+#,2T' /�#' 5#0#' ,-' (."' '1' !300#,2*7' #',%' ..*'#"' !-,13*2 2'-,1'-,'2&#'&'"#'"%0##+#,21'','2&#' .0-4'1'-, **7' ʚ"02'!*#' TVUʛQ' 32' '2' 0# '-$'- -30' ,"'2&#'(,4'0-,+#,2T'' 0#/3'0#1'0 2'$'! 2'-,'','-0"#0'2-' ',"'2&#' ' . 02'#1T' ! 0 "-1' & 1' ,-2' 7#2' f'2&' 0#% 0"' 2-' /0 "#' ',' 9--"1Q' ',20-"3!#"' 2&#' 0#/3'1'2#' *#%'1* 2'-,' 2-' )"#,)%+' 2 *#"' '21' .0-.-1 *1' -,' #3*#1' -$' !-+.*#2#' 2&#' 0 2'$'! 2'-,' .0-!#11T' "1' 2' %0'%',Q' & $#%3 0"1R' "%0'!3*230#' ,"' $#!#+ #0' TRSTQ' 1'6' ʚXʛ' )"#,3%#5+' 3'1�'#1R' "*!-&-*'!' !#4#0 %#1R' /#!&,'! *' &2 2#1' ' ",2'%3 ' ' ! 0 3" Q' !#*'8#Q' ! 00'#01' 2-' /0 "#R' ,"' & ,'2 07' ,"' $-+','! Q' ,"'2&#'$-+','! ,'##.3 *'!Q' .&72-1 ,'2 07'+# 130#1'ʚ&.&ʛ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ʚ;&ʛT' /&#' )312-+1' "'1!311#"' "30',%' 2&#' 0#4'#5' .#0'-"T' $#. 02+#,2' & 1' *0# "7' 2 )#,' 2&#' )-,1'12#,2' 5'2&''21' + ," 2#Q')"#,)%+'5'**' ,#!#11 07'12#.1'2-'',20-"3!#';&'TRSTT'' !-,2',3#' 2-' .0#11' '21' .-1'2'-,' 2& 2' '  "#4#*-.+#,2'!--.#0 2'-,''1' ,'',2#%0 *' ,"' ##+-4 *'- $'b %2�'$ 32'#1' ,"') & 0%#1cS' ',#620'! *#' !-+.-,#,2' -$' 2&#' $', *' /&#' (."' .0-4'"#1' 2& 2' b%2�' $32'#1' %0##+#,2T' /&#' ##%'-,' ,2'!'. 2#1' 2& 2' ,"')& 0%#1c'ʚ%$)ʛQ'5&'!&' 0#' ..*'#"' 1'%,'$'! ,2'.0-%0#11'5'**' #' !&'#4#"'"30',%' ',' ' "'1!0'+', 2-07' + ,,#0Q' 1&-3*"' #' 2&#' $-302&' #-3,"' 2& 2' 5-3*"' &#*.' "4 ,!#' .& 1#"' -32' 5'2&',' SR' 7# 01' $2#0' 2&#',#%-2' 2'-,1'2-5 0"1'2&#'!-+.*#2'-,'-$' 1'%, 230#' -$' 2&#' "%0##+#,2T' /&#' f/%V ' .0-V"#4#*-.+#,2' %0##+#,2' 2& 2' 5-3*"' ',!-+. 2' *#' (,4'0-,+#,2 *' -#47Q' 13..-02' 1312 ', *#' #!-,-+'!' ,"' 1-!' *' 5&'!&'5 1'2&#'-,*7'%$)'+ ',2 ',#"' 7' "#4#*-.+#,2'-$'2&#'.#-.*#1'-$'2&#'##%'-,T' ! 0 "-1'5&#,'2&#'(."'5 1'1'%,#"Q'& 1' ' ##,'#*'+', 2#"T'' /&#')"#,!)"*'5 '4#0Q'3.-,'5&'!&' ' 2&#'3,'* 2#0 *' 00 ,%#+#,2'0#121Q'#6.'0#"'-,' + 0)#2' !!#11' $ -0' ( 5' & #04'!#1' US' $#!#+ #0Q' TRSST' ' ' 9'4#,' 2& 2' 2&'1' &3..*'#01' ,"', ,4#12-01S'"+#,"+#,21'2-'2&#' 00 ,%#+#,2' 5 1' ,-2' f/%' !-+.*' ,2Q' ' ,++'%0 2'-,'"!2''1'0#/3'0#"'','-0"#0'2-'%'4#' 5 '4#0' 5 1' 1-3%&2' ',' TRSS' 7' ) , " ' 2-' #$$#!2' 2-' ' ,3+ #0' -$' !-++'2+#,21' 5'2&' !-,2',3#' 2&#' ,#%-2' 2'-,' .0-!#11' -4#0' 2&#' 0#1.#!2' 2-' !!#11' $-0' (5' ',4#12-01' ,"' .#0'-"' TRST' 2-' TRSUT' ' "..0-4 *' $-0' 2&#' 1#04'!#'.0-4'"#01'','1.#!'$'#"'1#!2-01T'/
#' 5 '4#0' 5 1' %0 ,2#"' 7' 2&#' f/%' 9#,#0 *' - *'% 2'-,1' 5#0#' 2 )#,' ',2-' !!-3,2' ',' 2&#' )-3,!'*' 3,2'*' $#!#+ #0' TRSUT' ' 9'4#,' 2&#' 0#!#,2''++'%0 2'-,'*#%'1* 2'-,'

63 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.2-6 CARICOM-Canada Trade and Development Agreement 2012 Calendar Date Details Location 5th Technical Working Group on Market Access and 7th to 8th February Agriculture for a CARICOM-Canada Trade and Barbados Development Agreement OECS National Consultation on CARICOM-Canada 23rd April Antigua and Barbuda negotiations OECS National Consultation on CARICOM-Canada 24th April St .Kitts and Nevis negotiations OECS National Consultation on CARICOM-Canada 26th April Dominica negotiations OECS National Consultation on CARICOM-Canada 2nd May Grenada negotiations National Consultation on the Innovation Corridors for 15th May Guyana CARICOM-Canada Negotiations National Consultation on the Innovation Corridors for 16th May Haiti CARICOM-Canada Negotiations National Consultation on the Innovation Corridors for 17th May Jamaica CARICOM-Canada Negotiations National Consultation on the Innovation Corridors for 21st May St. Kitts and Nevis CARICOM-Canada Negotiations National Consultation on the Innovation Corridors for 22nd May St. Lucia CARICOM-Canada Negotiations National Consultation on the Innovation Corridors for St. Vincent and the 24th May CARICOM-Canada Negotiations Grenadines National Consultation on the Innovation Corridors for 28th May Suriname CARICOM-Canada Negotiations National Consultation on the Innovation Corridors for 29th May Trinidad and Tobago CARICOM-Canada Negotiations SOURCE: Office of Trade Negotiations ' C. !TOURISM ! 5,'2#"'&2 2#1Q'2&#') 0' # ,' ,"') , " T'%$' ' 2
#' + (-0' + 0)#21Q' 1'%,'$'! ,2' "#!*',#1' 5#0#'#6.#0'#,!#"'5'2&','2&#'+ 0)#21'-$'2&#' %6(#6,(f' 5,'2#"' [',%"-+' ,"' 2&#' 5,'2#"' &2 2#1T' ' )"#,)%+Q' ! 0 "-1_' 2&'0"' * 0%#12' 1-30!#' f&#,' !-+. 0#"' 5'2&' 2&#' .0#4'-31' + 0)#2' #6.#0'#,!#"' +-0#' +-"#0 2#' 7# 0Q'12 7V-4#0' 00'4 *1'','TRST'',"'! 2#"' ' "#!*',#1'5&'*#') , " Q'2&#'1+ **#12'+ 0)#2' 1'%,'$'! ,2' "#!*',#T' /&#' 1'23 2'-,' 5 1' ,-' 5'2&',' 2&#' 2-.' $-30Q' 5 1' 2&#' -,*7' + 0)#2' "'$$#0#,2'$-0'!03'1#' 00'4 *1' ,"'!03'1#'1&'.' 5'2&','2&'1'%0-3.'2-'.-12' '.-1'2'4#Q'2&-3%&' ! **1' 2-' ! 0 "-1' "30',%' 2&#' TRST' 1# 1-,T' 4#07'1*'%&2'% ',T'' ;-5#4#0Q' ,' , *71'1' -4#0' 2&#' $-30V7# 0' ' .#0'-"' TRR[VTRSTQ' ',"'! 2#"' 2& 2' 12 7V-4#0' f'2&' 0#1.#!2' 2-' 2&#' *#4#*' -$' 00'4 *1'2-'! 0 "-1'!-,2',3#"'2-'',"'! 2#' ' #6.#,"'230#Q' TRST' !-,2',3#"' 2&#' 20#,"' -$' 5# )' 32'!-,1'12#,2'0#!-4#07T' %0 "3 *' "#!*',#' ',' 12 7V-4#0' 4'1'2-01_' ' #12'+ 2#"' 2-2 *' #6.#,"'230#T' $ 2 ' $-0' 2&#' + 0)#2'*#4#*' , *71'1' ',"'! 2#1' 2& 2' .#0'-"' 3,"#0' 0#4'#5' *1-' ',"'! 2#"' 2& 2' ! 0 "-1_' $-30' '%%#12' + 0)#21' 5#0#Q' ',' 2�#' 5 1' ' "#!0# 1#' ',' 4#0 %#' 4'1'2-0' -0"#0' -$' 1'8#Q' 2&#' 5,'2#"' [',%"-+Q' 2&#' 1.#,"',%T''

64 Barbados Economic and Social Report 2012 IV. Sectoral Performance

3-0' 2&#' 7# 0' TRSTQ' 2&#' ! 0 "-1' "#!*',#1'','12 7V-4#0' 00'4 *1T'f'2&' 'VTR'.#0' ;-2#*' ,"' /-30'1+' "11-!' 2'-,' 0#.-02#"' !#,2'ʚTQTXUʛ'',!0# 1#'','4'1'2-01Q'2&#'+-,2&' 2& 2' 4#0 %#'0--+'-!!3. ,!7'5 1'XSTZ'.#0' -$'3# 03 07'.-12#"'2&#'* 0%#12'% ',1'','12 7V !#,2Q' ,' ',!0# 1#' -$' STT' .#0!#,2 %#' .-',21' -4#0' 4'1'2-0' 00'4 *1' -4#0' 2&#' TRSS' .#0'-"T' -4#0' 2&#' TRSS' $'%30#T' &2 2'12'!1' 0#!#'4#"' ,,'!-,20 12Q'2&#'2&'0"'/3 02#0'-$'TRST'ʚh3*7'V' $0-+'2&#'! 0 "-1'&2 2'12'! *''!#'$-0'2&#' &#.2#+ #0ʛ' #6.#0'#,!#"' 2&#' +-12' 7# 0' TRST' 0#4# *#"' 2& 2' 12 7V-4#0' 4'1'2-0' 1'%,'$'! ,2' "#!0# 1#1' ',' 4'1'2-0' 00'4 *1Q' -$' 00'4 *1' "#!0# 1#"' 7' USQVTS' .#01-,1' -0' UTTR' .#0' !#,2' 5&#,' !-+. 0#"' 5'2&' 2&#' ..0-6'+ 2#*7' XTR' .#0' !#,2Q' $0-+' WXYQYTV' .0#4'-31' 7# 0T' %$' 2&#' +-,2&1' 5'2&',' 2& 2' 00'4 *1'','TRSS'2-'WUXQURU' 00'4 *1'','TRSTT' /3 02#0Q' "3%312' 0#!-0"#"' 2&#' 1& 0.#12' "'/3 02#0*7' , *71'1'',"'! 2#1'2& 2'5&'*#'2&#' "#!*',#' 5'2&' XQYYR' ʚSVTR' .#0' !#,2ʛ' $#5#0' $'012'/3 02#0'','TRST' .0-"3!#"' '+-"#0 2#' 00'4 *1'2& ,'2&#'.0#4'-31'7# 0T' ',!0# 1#'','12 7V-4#0'4'1'2-01'ʚYTR'.#0'!#,2ʛ' ' 5&#,'!-+. 0#"'5'2&'2&#'.0#4'-31'7# 0Q' **' ' -2�' /3 02#01' #6.#0'#,!#"' 1'%,'$'! ,2'

Table 4.3-1 Stay-over Visitors Arrivals by Month 2011-2012 Actual Percentage Month 2011 2012P Change Change January 52,194 52,619 425 0.8 February 51,793 54,056 2,263 4.4 March 53,257 54,164 907 1.7 April 51,442 47,979 -3,463 -6.7 May 41,699 37,935 -3,764 -9.0 June 38,490 36,656 -1,834 -4.8 July 58,237 51,253 -6,984 -12.0 August 49,961 43,191 -6,770 -13.6 September 29,144 27,230 -1,914 -6.6 October 39,358 36,071 -3,287 -8.4 November 47,208 42,975 -4,233 -9.0 December 54,941 52,174 -2,767 -5.0 Total 567,724 536,303 -31,421 -5.5 SOURCE: Barbados Statistical Service

Table 4.3-2 Stay-over Arrivals by Major Markets, January to December 2011 and 2012 Actual Percentage Markets 2011 2012P Change Change U.K. 189,150 173,519 -15,631 -8.3 Canada 71,953 72,020 67 0.1 U.S.A 142,414 130,762 -11,652 -8.2 Other Europe 35,859 37,119 1,260 3.5 CARICOM 100,974 96,487 -4,487 -4.4 Rest of the World 27,374 26,396 -978 -3.6 Total 567,724 536,303 -31,421 -5.5 P - Provisional SOURCE: Barbados Statistical Service '

65 Barbados Economic and Social Report 2012 IV. Sectoral Performance

+"#[(/'.(#3%#+"*)(' #4'"#,!#' $-0' 2&#' . 12' 25-' 7# 01Q' 2-' &-*"' ' !-,12 ,2Q' $2#0' +-"#0 2#' ,"' !-,1'12#,2' $30',%' TRSTQ' 2�#' 5#0#' $#5' ',!0# 1#1'','TRRZQ'TRR[Q' ,"'TRSRT' '+.0-4#+#,21'','2&#'+ (-0'1-30!#'+ 0)#21' ' 0#.0#1#,2#"' 7' 2&#' 5[Q' 2&#' 5&"' ,"' 2&#' /&#' .#0$-0+ ,!#' -$' 2&#' ) , "' ,' ) 0' # ,T' %$' 2&#' + (-0' + 0)#21Q' -,*7' + 0)#2'','TRST'5 1'1'%,'$'! ,2*7'',$*3#,!#"' ) , " ' 0#!-0"#"' ' ,#%*'%' *#' ',!0# 1#' ʚRTS' 7' 2&#'-.#0 2'-,'-$' 2&#' !& 02#0' 1#04'!#' "'0' .#0' !#,2ʛ' ',' 4'1'2-0' 12 7V-4#0' 00'4 *1T' ,,' /0 ,1 2' 5&'!&' -.#0 2#"' "30',%' 2&#' .#0'-"' ""'2'-,'2-') , " Q'(30-.#' *1-'0#!-0"#"' ' h ,3 07'2-'".0'*'TRSTQ' ,"'5&'!&'.0-+.2#"' +-"#12'',!0# 1#'-$'UTW'.#0'!#,2'','2#0+1'-$' +-0#'0- 312' 00'4 *1'"30',%'2& 2'.#0'-"T' '21'12 7V-4#0' 00'4 *1T'!-2&'2&#'5[' ,"'5&"Q' ' ! 0 "-1_' 2-.' 25-' + 0)#21Q' 0#!-0"#"' "#!0# 1#1' -$' ZTU' ,"' ZTT' .#0' !#,2' 5*,/($' [,*9$%+' ʚ5[ ʛ' 0#1.#!2'4#*7Q' 5&#,' !-+. 0#"' 5'2&' 2&#'0' ' TRSS'.#0$-0+ ,!#1T'! 0 "-1_'2&'0"'* 0%#12' /&#'5['+ 0)#2'!-,2',3#1'2-' #'2&#' 1-30!#'+ 0)#2Q')"#,)%+Q'.0-"3!#"'[XQVZY' + ','1-30!#'-$'4'1'2-0' 00'4 *1'2-'! 0 "-1Q' 12 7V-4#0' 4'1'2-01' 5&'!&' 0#.0#1#,2#"' ' 220 !2',%' SYUQWS[' 12 7V-4#0' 4'1'2-01' ',' +-"#0 2#'"#!*',#'-$'VQVZY'.#01-,1'ʚVTV'.#0' TRSTT'/&'1'&-5#4#0Q'0#.0#1#,21' '1'%,'$'! ,2' !#,2ʛ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ʚ ' .#0!#,2 %#' ',!0# 1#' -$' WTW' .#0' !#,2ʛ' 1'%,'$'! ,2'"#!*',#'','!03'1#'12 7'. 11#,%#01' 5&'!&'!3*+', 2#"'2&0##'!-,2',3-31'7# 01'-$' ,"'2&#'"0-.'',' '0*'$2'-32'-$'2&#'5[T' +-"#0 2#'%0-52&'5'2&','2&#'5&'+ 0)#2T' ' ' $30',%'2&#'$'012'/3 02#0'-$'TRSSQ'2&#' $30',%'2&#'.#0'-"'h ,3 07'2-'+ 0!&' !03'1#' 4#11#*1' b"830 c' ,"' b6#,230#0c' TRSTQ'"+#0'! ,'"'0*',#1'$ ** 1 3-02'f-02&' !-,20' 32#"' 2-' 2&#' + (-0'27' -$' !03'1#' 12 7' 31#"' 1+ **#0' #/3'.+#,2R' 5'2&' #$$#!2' $0-+' 00'4 *1' 2-' ! 0 "-1T' &'+'* 0*7Q' 2&#' ".0'*'SQ'TRST'2&#'1#04'!#'5 1'0#"3!#"'$0-+' 0#"3!2'-,'',' '0*'$2'-32'-$'2&#'5['5 1'"3#'2-' 2&0##' ʚUʛ' " 71' ' 5##)' 2-' ' 5##)*7' 1#04'!#T' 2&#' "'1!-,2',3 2'-,' -$' 2&#' !0'2'1&' "'05 71' /&#' 1#04'!#' 5 1' 2&#,' ! ,!#**#"' 5'2&' #$$#!2' ""'2'-, *' 1#04'!#' ʚW' " 71' ' 5##)ʛ' 5'2&' $0-+'"3%312'S[Q'TRSTT' #$$#!2' $0-+' ".0'*' SQ' TRSTT' ' /&#' 1#04'!#' ' 0#13+#"'-,'%!2- #0'USQ'TRSTQ'5'2&'U'$*'%&21' /&#'+ 0)#2'5 1' *1-' $$#!2#"' 7'2&#' '5##)Q' '$0#/3#,!7'*-5#0'2& ,'2&#'-0'%', *' $ !2' 2& 2' h#2' !*3#' "'"' ,-2' -.#0 2#' ,' 1!&#"3*#Q' 32'32'*'8',%'* 0%#0'.* ,#1T'' ""'2'-, *' 13++#0' 1#04'!#' 1' 5 1' "-,#' ',' 2&#' .0#4'-31' 7# 0' ʚh3*7' SW' 2-' "3%312' TYQ' ' TRSSʛT' )"#,)%+ '' ' ' )"*"$" ' ,,' TRSTQ' 2�#' 5#0#' [XQVZY' 12 7V ' -4#0' 4'1'2-0' 00'4 *1' $0-+' 2&#' )"#,)%+' "00'4 *1' $0-+' 2&#' ) , "' ,' + 0)#2' + 0)#2' !-+. 0#"' 5'2&' SRRQ[YV' 00'4 *1' 0#!-0"#"' '+',-0'',!0# 1#'-$'RTS'.#0'!#,2'-0' 0#!-0"#"' ',' TRSST' /&'1' 0#.0#1#,2#"' ' XY' 00'4 *1' ',' TRSTQ' 0',%',%' 2&#' 2-2 *' "#!0# 1#' -$' VTV' .#0' !#,2' -0' VQVZY' 00'4 *1T' ,3+ #0' -$' 12 7V-4#0' 4'1'2-01' $0-+' 2& 2' "$2#0' #4'"#,!',%' ' 12# "7' ,"' 1'%,'$'! ,2' !-3,207' $-0' 2&#' .#0'-"' 3,"#0' 0#4'#5' 2-' "#!*',#' 1',!#' TRRZQ' 12 7V-4#0' 00'4 *1' $0-+' YTQRTR' .#01-,1T' /&#' ,#%*'%' *#' ',!0# 1#' ',' 2&#') 0' # ,'+ "#' '1'%,'$'! ,2'0# -3,"'',' TRST'!-,2',3#1'2&#'20#,"'-$'2&'1'+ 0)#2Q'',' TRSSQ'1'+'* 0'2-'2&#'TRRZ'$'%30#1T'

66 Barbados Economic and Social Report 2012 IV. Sectoral Performance

/&#' "#!*',#' ',' 00'4 *1' $0-+' 2&#' 7# 0Q' TRST' #6.#0'#,!#"' ,' ',!0# 1#' -$' RTW' )"#,)%+' 0#%'-,' 5 1' "3#' 2-' 2&#' .#0' !#,2' ',' -!!3. ,!7' 0 2#1' $0-+' 2&#' "'1!-,2',3 2'-,' -$' 2&#' ! 0 "-1_' ##"(#2' .0#4'-31' 7# 0Q' +-4',%' 2-' XSTZ' .#0' !#,2' ',' 1#04'!#' ,"'2&#'0#13*2',%'',!0# 1#'',' '0$ 0#1' TRST' $0-+' XRTX' ',' TRSST' /&0##' /3 02#01' 2&0-3%&-32'2&#'0#%'-,T' ',"'! 2#"'.-1'2'4#'',!0# 1#1'','2&#'0' 4#0 %#' ' -!!3. ,!'#1R' 2
#' 5#0#' i3 02#0' %,#Q' %/;(#' (5#%.( ' i3 02#0' /5-Q' ,"' i3 02#0' 3-30'5&'!&' 1 5' ' ',!0# 1#1' -$' VTR' .#0' !#,2Q' WTR' .#0' !#,2' ,"' ,,' TRSTQ' 4'1'2-0' 00'4 *1' $0-+' 2&#' TTR' .#0' !#,2' 0#1.#!2'4#*7T' /&#' 4#0 %#' (30-.# ,'+ 0)#2'',!0# 1#"' 7'UTW'.#0'!#,2' -!!3. ,!7' $-0' 2&#' 2&'0"' /3 02#0' ',' TRST' -0' SQTXR' .#01-,1T' ,,' 2-2 *Q' UYQSS[' 4'1'2-01' "#!0# 1#"' 7' TTR' .#0' !#,2' $0-+' 2& 2' ! +#' $0-+' 2&'1' + 0)#2' ',' TRSTQ' !-+. 0#"' 0#.-02#"'','TRSST' 5'2&'2&#' UWQZW[' .#01-,1'0#!-0"#"' ','TRSST' ' f&'*#''21'0 2#'-$'%0-52&'& 1'1*-5#"'','TRST' /%5#,&+'(4.(*$,/5#(' $0-+' * 12' 7# 0_1' .# )' -$' SVT[' .#0' !#,2Q' 2&#' ' (30-.# ,' + 0)#2' & 1' 1&-5,' ',' %#,#0 *Q' /%/"-'&/"7V%6(#'(4.(*$,/5#(' %0 "3 *' 32'4#07'!-,1'12#,2'%0-52&'-4#0'2&#' ' . 12'$'4#'7# 01T'' --,%V12 7' 4'1'2-01' 1.#,2' ,' ' #12'+ 2#"' 5&$XXWQTRW' +'**'-,' "30',%' 2&#' /;(')#5,&('&()/%#' .#0'-"' h ,3 07' 2-' &#.2#+ #0' TRSTQ' ' !-+. 0#"' 5'2&' 5&$YRWT[' +'**'-,' $-0' 2&#' $30',%' 2&#' .#0'-"' h ,3 07' 2-' !-00#1.-,"',%' .#0'-"' ',' TRSST' /&'1' 5 1' ' $#!#+ #0' TRSTQ' !03'1#' . 11#,%#0' 00'4 *1' "#!0# 1#' -$' WTZ' .#0' !#,2' ʚ5&$VRTY' +'**'-,ʛ' 0#!-0"#"' '1'%,'$'! ,2'"#!0# 1#Q'$ **',%'$0-+' 5&#,' !-+. 0#"' 5'2&' 2&#' !-00#1.-,"',%' SQRVTQYVR'','TRSS'2-'ZYVQSVS'','TRSTT'/&'1' .#0'-"' ',' TRSST' /&#' " 2 ' $-0' &2 7V-4#0' 0#.0#1#,21' ,' !23 *' !& ,%#' -$' SXZQW[[' 6'1'2-01' (12'+ 2#"' /-2 *' (6.#,"'230#' .#01-,1' ʚSXTT' .#0' !#,2ʛ' *#11' 2& ,' 2&#' ',"'! 2#1'2& 2'$-0'2&#'h ,3 07'2-'&#.2#+ #0' .0#4'-31' 7# 0T' ,,' TRSSQ' 2&#' "#!0# 1#' ',' TRST' .#0'-"Q' U[TR' .#0' !#,2' -$' #6.#,"'230#' !03'1#' . 11#,%#0' 00'4 *1' 5 1' 1'%,'$'! ,2*7' 5 1' 220' 32#"' 2-' 2&#' 5,'2#"' [',%"-+Q' 2&#' *#11' 2'VTT'.#0'!#,2'-0'VWQUZ['*#11'.#01-,1T'' 5,'2#"' &2 2#1' .0-4'"#"' TTTR' .#0' !#,2' -$' ' 0#4#,3#Q' ,"' ) , " ' SVTR' .#0' !#,2T' /&#' "$2#0' &-*"',%' 12# "7' ',' TRSR' ,"' ) 0' # ,' %#,#0 2#"' SUTR' .#0' !#,2' -$' 2&#' TRSS'5'2&'U[S'!03'1#'1&'.'! **1Q'2&#',3+ #0' 0#4#,3#' 0#!#'4#"' ',' 2&#' .#0'-"' h ,3 07' 2-' -$'!03'1#'1&'.'! **1'2-'! 0 "-1'','TRST'5 1' &#.2#+ #0Q'TRSTT'' 0#"3!#"' 7'UU'1&'.'! **1'2-'UWZQ' ,'ZTV'.#0' ' !#,2' "#!*',#T' /&#' ,3+ #0' -$' ! **1' $-0' 2&#' $ 2 ' - 2 ',#"' $0-+' 2&#' ) 0' # ,' 7# 0' .# )#"' ',' h ,3 07' 5'2&' XZ' 1&'.1T' /&#' ,#62' 31'#12' +-,2&1' 5#0#' $#!#+ #0' ,"' /-30'1+' %0% ,'1 2'-,' ʚ)/%ʛ' $-0' 2&#' $'012' + 0!&' ʚXT' # !&ʛ' ,"' 3# 03 07' ʚXRʛ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ʚ!;/"ʛ' 0#.-02#"' 2& 2' "30',%' & 4#' !-,2',3#"' 2-' 1&-5' "#!0# 1#"' 12 7V 2&#' .#0'-"' h ,3 07' 2-' $#!#+ #0' TRSTQ' 2&#' -4#0' #6.#,"'230#' 12 2'12'!1' $0-+' 2
#' +-,2&' -$' 3# 03 07' 0#!-0"#"' 2&#' %0# 2#12' + 0)#21T'/&#'!#11 2'-,'-$'2&#'##"(#2'1#04'!#' 4#0 %#'0--+'-!!3. ,!7'$-0'2&#'.#0'-"'5'2&' ,"' '21' 0#13*2 ,2' '+. !2' -$' 2&#' ,3+ #0' -$' ,'-!!3. ,!7'0 2#'-$'ZUTR'.#0'!#,2T'/&'1'5 1' )"#,)%+' 4'1'2-01' & 1' *1-' '+. !2#"' 2&#' $-**-5#"' 7'2&#' +-,2&1'-$'$#!#+ #0' ʚXYTR' 20 "'2'-, **7' 3-7 ,2' #6.#,"'230#' $0-+' 2&#' .#0' !#,2ʛ' ,"' ".0'*' ʚXXTR' .#0' !#,2ʛT' /&#' ) 0' # ,'+ 0)#2'1#%+#,2T'

67 Barbados Economic and Social Report 2012 IV. Sectoral Performance

/&#'1'%,'$'! ,2'"#!*',#'','2&#'*#4#*1' ' !-+ ', 2'-,' -$' 0#"3!#"' *#4#*' -$' %#,#0 *' -$'!03'1#'. 11#,%#0' #6.#,"'230#'"30',%'2&#' 1.#,"',%' -$' . 11#,%#01' 5&'*#' -,1&-0#' 1' .#0'-"'h ,3 07'2-'&#.2#+ #0Q'TRSTQ'0#$*#!21' 5#**' 1'$#5#0'!03'1#'1&'.'! **1'2-'2&#''1* ,"T'

Table 4.3-3 Cruise Ship Passengers by Month 2011 – 2012 Actual Percentage Month 2011 2012P Change Change January 84,607 81,412 - 3,195 -3.8 February 82,757 77,447 - 5,310 -6.4 March 81,081 75,956 - 5,125 -6.3 April 90,532 51,067 -39,465 -43.6 May 16,073 16,853 780 4.9 June 21,701 13,038 - 8,663 -39.9 July 18,056 13,256 - 4,800 -26.6 August 22,334 15,895 - 6,439 -28.8 September 15,755 11,781 - 3,974 -25.2 October 21,557 25,726 4,169 19.3 November 71,887 60,015 -11,872 -16.5 December 83,504 74,990 - 8,514 -10.2 Total 609,844 517,436 -92,408 -15.2 P – Provisional SOURCE: Barbados Statistical Service ' Table 4.3-4 BHTA Accommodation Occupancy by Quarter 2011 & 2012 2011 2012P Act. Chg. MONTH % % % January 72 72 0 February 78 83 7 March 65 67 4 Q1 Average 72 74 4 April 69 66 -5 May 58 65 12 June 50 54 9 Q2 Average 59 62 5 July 58 54 -6 August 63 65 3 September 44 42 -4 Q3 Average 55 54 -2 October 54 44 -19 November 61 62 1 December 54 67 23 Q4 Average 57 58 2 Year Total 242 247 2 Year Avg. 60.6 61.8 0.5 P - Provisional SOURCE: Barbados Hotel and Tourism Association '

68 Barbados Economic and Social Report 2012 IV. Sectoral Performance

(4.(*$,/5#('! 7',/(+'ʚ&/"7V%6(#ʛ' $-302&' /3 02#0' -$' TRSTT' /�#' 5#0#' -,*7' ' SUQVRR' .#01-,1' #+.*-7#"' ',' 2&#' ,,' TRSTQ' !!-++-" 2'-,' 5 1' b"!!-++-" 2'-,' ,"' 3--"' '!#1c' 0#1.-,1' *#' $-0' 2&#' %0# 2#12' .0-.-02'-,' -$' ! 2#%-07'','TRST'"30',%'2&#'$-302&'/3 02#0Q' 2&#' #12'+ 2#"' 2-2 *' #6.#,"'230#' 7' 12 7V 1' -..-1#"' 2-' SUQYRR' .#01-,1' #+.*-7#"' -4#0'4'1'2-01T',2'%#,#0 2#"'$UYTTT'+'**'-,'',' "30',%' 2&#' !-00#1.-,"',%' /3 02#0' ',' 2&#' #6.#,"'230#' 5&'!&' 5 1' ' "#!0# 1#' -$' TYT[' .0#4'-31'7# 0T'' .#0' !#,2' 3.-,' 2&#' .0#4'-31' 7# 0T' /&#' ' ! 2#%-07'b+# *1''$0',)1c' *1-'#6.#0'#,!#"' ;-5#4#0Q' 2&#' '%%#12' !& ,%#1' ',' ' "#!0# 1#' -$'TXTZ'.#0' !#,2'','2#0+1'-$'2&#' #+.*-7+#,2' ',' 2&#' "!!-++-" 2'-,' ,"' *#4#*1'-$'#6.#,"'230#'','!-+. 0'1-,'2-'TRSS' 3--"' '!#1' 13 V1#!2-0' -!!300#"' "30',%' *#4#*1Q' $SRTT[' +'**'-,' ',' #6.#,"'230#' 5 1' i3 02#01'T' ,"'UQ'5'2&'.#0!#,2 %#'"#!0# 1#1' %#,#0 2#"' ',' TRSTQ' 1' -..-1#"' 2-' -$'WT['ʚZRR'.#01-,1ʛ' ,"'VTX'ʚXRR'.#01-,1ʛ' #6.#,"'230#'-$' $SVRTX'+'**'-,'',' TRSST'/&#' 0#1.#!2'4#*7T' 2&'0"' * 0%#12' 0# ' -$' 12 7V-4#0' #6.#,"'230#' ' ',' TRST' 5 1' 2&#' ! 2#%-07' -$' b(,2#02 ',V /%5#,&+' ,*6(&/+(*/S' 5#!"*' #(;"!,-,V +#,2 ##!0# 2'-,c' 5&'!&' %#,#0 2#"' $WTT[' /"/,%*' #%9#"++(' 'ʚ!#,$9(/%f*Q' +'**'-,T' b&&-..',%c' 5 1' 0#1.-,1' *#' $-0' . ʚ5#.ʛ $VZTV'+'**'-,'-$'2&#'#6.#,"'230#'5&'!&'5 1' &.(,9;/&/%f*Q' &/T' -"f#(*)(' 9".' " *$' %#,#0 2#"'','TRSTT' %,&/,*&ʛ' ' ' ,,'2#0+1'-$''21'!-,20' 32'-,Q'WXTR'.#0' 9(*(#"-' !#,2' -$' 2&#' 2-2 *' #6.#,"'230#' ',' 2&#' .#0'-"' ' 3,"#0' 0#4'#5' 5 1' 220' 32#"' 2-' /&'1' ##.-02' -32*',#1' 2&#' .0-(#!2' b"!!-++-" 2'-,cT' b+# *1' ,"' $0',)1c' 5 1' 12 231' $-0' 2&#' 50 ,' ##& '*'2 2'-,' 0#1.-,1' *#'$-0'!-,20' 32',%'SWTR'.#0'!#,2'2-' .0-%0 ++#' ʚ5#.ʛ' .0-(#!21Q' $-0' 2&#' .#0'-"' 2&#'2-2 *'#6.#,"'230#T'/&'1'5 1'$-**-5#"'ʚ',' TRSTQ' #',%' 3,"#02 )#,' 7' !/,Q' 5'2&' (-',2' 2#0+1'-$'.0-.-02'-,'-$'2&#'!-,20' 32'-,ʛ' 7' $3,"',%' $0-+' 2&#' ) 0' # ,' $#4#*-.+#,2' (,2#02 ',+#,2' ʚZTR' .#0' !#,2ʛQ' /0 ,1.-0V 2 2'-,'ʚYTR'.#0'!#,2ʛQ' ,"'&&-..',%'ʚYTR'.#0' ! ,)' ʚ)$!ʛT' /&#' 5#.' .0-(#!2' ##.-02' !#,2ʛT''' ',!*3"#1' 13++ 0'#1' $-0' 2&#' $-**-5',%' ' .0-(#!21S' (+.-%7+(*/' , *' / ;(' "))%++%$"/,%*' " *$' ' 3%%$'&()/%#' )$!''h%,*/'35*$,*9'"9#((+(*/'.#%h()/&' ' ' ST )-,12'232'-,' #'4#0' ##"#4#*-.+#,2' /�#' 5#0#' WRQXRR' .#01-,1' .& 1#',,R' #+.*-7#"'5'2&','2&'1'&#!2-0'"30',%'2&#'7# 0' TRSTT'/&'1'5 1' '"#!0# 1#'-$'UTZ'.#0'!#,2'-0' TT ))/6' ,,12 ** 2'-,' ʚ!0'"%#2-5,' ,"' &2T' TQRRR' .#01-,1' $0-+' 2&#' WTQXRR' .#01-,1' - 50#,!#'9 .ʛR' ,"' 0#!-0"#"' "30',%' TRSST' $30',%' 2&#' $'012' UT )&30!&' 6'** %#Q' &2T' +'!& #*_1' #-5' /3 02#0' -$' 2&#' 7# 0' TRSTQ' STQRRR' .#01-,1' ##"#4#*-.+#,2R' 5#0#' #+.*-7#"Q' !-+. 0#"'5'2&' 2&#' STQURR' ' .#01-,1' ',' 2&#' !-00#1.-,"',%' /3 02#0' -$' .#%h()/&'/ %'! ('3 5*$($' TRSST'/&'1'5 1' '"#!0# 1#'-$'TTV'.#0'!#,2'-0' ' URR' .#-.*#' 5&#,' 2&#' 25-' /3 02#01' 5#0#' ST ##*-! 2'-,' -$' ; 12',%1' .-*'!#' &2 2'-,R' !-+. 0#"T'"'1'+'* 0'"#!0# 1#'-$'TTT'.#0'!#,2' ,"' -0'URR'.#01-,1'5 1' *1-'#6.#0'#,!#"'','2&#' TT & *2'.-,"'##"#4#*-.+#,2''&.#'%&212-5, T'

69 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.3-5 Stay-over Visitors Estimated Total Expenditure by Item Jan-Sep. 2011/2012 Exp. (US$000) Expenditure by Item Actual Percentage 2011 2012 Change Change Accommodation 516,380 372,235 144,145 27.9 Meals & Drinks 140,645 102,942 37,703 26.8 Transportation 62,290 46,652 15,638 25.1 Ent./Recreation 67,973 52,967 15,006 22.0 Souvenirs 24,155 16,902 7,253 30.0 Shopping 68,565 48,404 20,161 29.4 Other Spending 35,011 25,100 9,911 28.3 Total 917,030 665,202 251,828 27.5 SOURCE: Caribbean Tourism Organisation

Table 4.3-6 Estimated Stay-over Expenditure by Quarter 2011 and 2012 Expenditure (US$000) Actual Percentage 2011 2012P P Change Change Jan – Mar 282,004 284,565 2,561 0.9 Apr – Jun 212,968 205,282 -7,686 -3.6 Jul – Sept 211,014 175,356 -35,658 -16.9 Total 705,986 665,203 -40,783 -5.8 Estimated Cruise Passenger Expenditure by Quarter, 2011 and 2012

Expenditure (US$000) Actual Percentage 2011 2012P Change Change Jan – Mar 15,579.0 14,085.5 -1,493.5 -9.6 Apr – Jun 7,888.4 4,891.9 -2,996.5 -38.0 Jul – Sept 3,329.1 2,620.7 -708.4 -21.3 Total 26,796.5 21,598.1 -5,198.4 -19.4 Total Expenditure by Quarter, 2011 and 2012 Expenditure (US$000) Actual Percentage 2011 2012P Change Change Jan – Mar 297,583.0 298,650.5 1,067.5 0.4 Apr – Jun 220,856.4 210,173.9 -10,682.5 -4.8 Jul – Sept 214,343.1 177,976.7 -36,366.4 -17.0 Total 732,782.5 686,801.1 -45,981.4 -6.3 P - Provisional SOURCE: Caribbean Tourism Organisation ' '

70 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.3-7 Employment by Accommodation & Food Services by Quarter 2011- 2012 (‘000 persons) Actual Percentage Quarter 2011 2012 Change Change Quarter 1 – January - March 12.3 12.0 -0.3 -2.4 Quarter 2 – April - June 13.6 12.8 -0.8 -5.9 Quarter 3 – July - September 13.0 12.4 -0.6 -4.6 Quarter 4 – Oct. - December 13.7 13.4 -0.3 -2.2 Total 52.6 50.6 -2.0 -3.8

SOURCE: Caribbean Tourism Organisation

Table 4.3-8 CDB Cost and Financing of Variation to Scope ($BDS Millions) Item CDB GOB Total Constitution River Phase II 11.760 2.058 13.818 CCTV Bridgetown and St. Lawrence Gap 4.360 0.763 5.123 – Phase II Church Village Redevelopment – Phase I 1.850 0.990 2.840 Total Base Cost 17.970 3.811 21.781 Physical Contingencies 2.570 0.583 3.153 Price Contingencies 1.990 1.154 3.144 IDC and Commitment Fees 0.00 1.224 1.224 Total Cost 22.530 6.772 29.302 SOURCE: Caribbean Tourism Organisation ' ' ' )%*&/,/5/,%*' #,6(#' #($(6(-%.+(*/' ,*&/"--"/,%*' % 3' ))/6Q' !#,$9(/%f*' " *$' .;"&(',,' &/T'-"f#(*)('9".'.;"&(',,' ' ' ,,'TRST' '!-,20 !2'5 1' 5 0"#"'$-0' f-0)1'!-+.*#2#"' 7'2&#'!-,20 !2-0' 2&#' !-+.*#2'-,' -$' !-,1203!2'-,' 5-0)1' 2' "30',%' TRST' 5#0#S' 2&#' ',12 ** 2'-,' -$' -4#0' )-,12'232'-,' #'4#0' .& 1#' ,,Q' -4#0' ,' $'$27V1#4#,'ʚWYʛ',#5'5'0#*#11'))/6'! +#0 ' #'%&2##,V+-,2&' .#0'-"T' ' /&'1' !-,20 !2' 5 1' 5 0"#"' ',' )##.',%' 5'2&' )$!_1' *',)1R' $-302##,' ʚSVʛ' 5'0#*#11' 3.%0 "#1R' .0-!30#+#,2'%3'"#*',#1T' 2&0##' ʚUʛ' 1'%, *'8#"' ',2#01#!2'-,1' #',%' ' 0#+-4#"'$0-+'-,+(_1'$' #0'-.2'!'1712#+'2-' f-0)1' !-++#,!#"' -,' 1'2#' ',' ,' ',"#.#,"#,2' 5'0#*#11' 1712#+R' ,"' 2&#' "3%312' TRST' ,"' 7' 7# 0' #,"' 2&#' 5-0)' ',12 ** 2'-,' -$' ' .'*-2' -'!#,1#' .* 2#' !-+.*#2#"' ',!*3"#"S' 2&#' .-11#11'-,' -$' 1'2#R' ##!-%,'2'-,'ʚ-.#ʛ'1712#+T'' 2&#' !-+.*#2'-,' -$' 0'.0 .' .0-2#!2#"' ' #+ ,)+#,2' 5-0)1' $-0' 2&#' $'012' SRR+' ,,' )##.',%' 5'2&' 2&#' !-,"'2'-,1' -$' 1#!2'-,R' ,"' 2&#' ',12 ** 2'-,' -$' 2&#' !30 1Q' !-,20 !2Q' 5'2&' -2&' 2&#' )-,13*2 ,2' ,"' *'%&2' 1#1' ,"' 1#'!-301#'$'**'2-'2&#'i(;' )-,20 !2-0Q' ' -,#V7# 0' + ',2#, ,!#' .#0'-"' ! 0. 0)T' ' /&'1' .#0'-"' *1-' 1 5' 2&#' !-++#,!#"' "3%312' TYQ' TRSTT' ' +-,'2-0',%' !-+.*#2'-,'-$'2&#'&# "5 **1'$-0'!3*4#021'3Z' ,"'SR'5'2&','2&#'0'4#0T'(6.#,"'230#'-,'2&#' ,"'+ ',2#, ,!#'-,'2&'1'.0-(#!2'!-,2',3#1T' .0-(#!2' $-0' #,"' -$' 7# 0' TRSS' ,"' TRST' f-0)1'5#0#'!-+.*#2#"'"3%312'-$'TRST'5'2&' 0#1.#!2'4#*7' 5#0#' !$&$RTWT' +'**'-,' ,"' '$', *'.0-(#!2'!-12'-$'!$&$VT[V'+'**'-,'ʚ6"/' !$&$TTSZ'+'**'-,T' ,,!*31'4#ʛT'

71 Barbados Economic and Social Report 2012 IV. Sectoral Performance

);5#);'6,--"9('#($(6(-%.+(*/' 0#.0#1#,2',%' ' XTY' .#0' !#,2' "#!0# 1#' 5&#,' ' !-+. 0#"'5'2&'$YXTY'+'**'-,'','TRSS'-0'YTS' $30',%' TRST' 5-0)1' 5#0#' #',%' .#0'!#,2'-$'## *'9$.T'' !-+.*#2#"'','!-** -0 2'-,'5'2&'2&#')#,20 *' ' ! ,)' -$' ! 0 "-1' -,' 2&#' )&30!&' 6'** %#' "2' 2&#' #,"' -$' 2&#' 1#!-,"' /3 02#0' ##"#4#*-.+#,2' .0-%0 ++#T' f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f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ʚ(#,ʛ' .5!-,)'f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f%#[&Q'.,-%/'.#%h()/' #6.#,"'230#' 2'2&#'#,"'-$'2&#'0#4'#5'.#0'-"' ' 5 1' $WTS' +'**'-,T' /&#' !- 0"#"' ; **' "' 0#/3#12' $-0' $3,"',%' 5 1' #-3," -32' 0# !&#"' [WTR' .#0' !#,2' $-05 0"#"' 2-' 2&#' )$!' 7' 2&#' .0-(#!2' !-+.*#2'-,' 2' ' !-12' $VTX' +'**'-,T' /&#' ,+.*#+#,2 2'-,'5,'2'-,'"3%312'ZQ'TRSTT' f 00#,1'/0 $$'!'& $#27',+.0-4#+#,2'.0-(#!2' ' 5 1' XYTR' .#0' !#,2' !-+.*#2#"' 2' ' 2-2 **#"' ' !-12'-$'$TVT['+'**'-,T'/&#'!#* '0'3--2 0'"%#' D. !CONSTRUCTION ! 5 1'!-+.*#2#"' 2' '!-12'-$'$XRRTR'2&-31 ,"Q' ' 5&'*#'2&#'',12 **'-$'2&#'$--2 0'"%#' *-,%'2&#' %6(#6,(f' "!)';'%&5 7'5 1'[ZTR'.#0'!#,2'!-+.*#2#"' ' 2' '!-12'-$'$TTV'+'**'-,T'' $30',%' TRSTQ' 2&#' )-,1203!2'-,' ' &#!2-0' "#!*',#"' 1*'%&2*7Q' 0#13*2',%' $0-+' ' #5#"-'$(6(-%.+(*/')%++,&&,%*' +-"#0 2#*7' 3,12 *#' %*- *' #!-,-+7T' /&#' ' &#!2-0' !-,20' 32#"' ,' #12'+ 2#"' $YSTW' /&0-3%&-32' TRSTQ' 2&#' #30 *' +'**'-,' ʚXTY' .#0' !#,2ʛ' 2-' ## *' 9$.Q' $#4#*-.+#,2' )-++'11'-,' !-,2',3#"' 2-'

72 Barbados Economic and Social Report 2012 IV. Sectoral Performance

.0-4'"#' 1#04'!#1' ,"' 11'12 ,!#' 2&0-3%&' ' o(#%'-%/'-,*('.#%9#"++(' ,3+ #0' -$' '21' ','2' 2'4#1T' 5,"#0' 2&#' ;-31#' ' ##.* !#+#,2 ##. '0' .0-%0 ++#' ' 2-2 *' -$' )%6(#-(7'.;"&('SS' $TTZ' +'**'-,' 5 1' 1.#,2' ',' ,' 22#+.2' 2-' ' 0#1.-,"' 2-' 2&#' ,3+#0-31' &-31',%' ,"' $30',%' TRSTQ' 2&#' )-4#0*#7' .& 1#V &-31',%'0#* 2#"'0#/3#121T'5,"#0'2&#'20-.'! *' 25-' .0-(#!2' !-,2',3#"' ',' . 02,#01&'.' 5'2&' 12-0+' b/-+ 1c' 0#!-4#07' .0-%0 ++#' $WTS' 2&#' .0'4 2#' 1#!2-0' $-0' 2&#' !-,1203!2'-,' -$' +'**'-,'5 1'1.#,2T' SQRTX' &-31#1Q' 5&'!&' 32'*'1#"' 2&#' o#0-' --2' ' -',#' )-,!#.2T' ' /-' " 2#' ..0-6T' XZR' &-31#1' $30',%' 2&#' 7# 0' ',' 0#4'#5Q' 2&#' & 4#' 12 02#"Q' T[[' !-+.*#2#"' ,"' TT[' )-++'11'-,' & 1' 1 2'1$'#"' 1-+#' -$' 2&#' **-! 2#"'5'2&'SRZ'1 *#1'!-+.*#2#"T' .0#4'-31' -3212 ,"',%' !-++'2+#,21' 2-' ' #,%',##01' ,"' 0- "' !-,20 !2-01' 2-' 2&#' 13+' TRV7("#'/#"*&3(#'.#%9#"++(' -$' $TW[QSVSTT[T' """'2'-, **7Q' 3,"#0' 2&#' ' #30 *'(,2#0.0'1#'-- ,1'.0-%0 ++#Q'#'%&27V -,#' ʚZSʛ' *- ,' ..*'! 2'-,1' 5#0#' 0#!#'4#"Q' /&#' TRV7# 0' /0 ,1$#0' .0-%0 ++#' 5�#' 1'627V2&0##' ʚXUʛ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ʚSVʛ' *-21' ',' 1!&#"3*#"' ' 2#, ,20'#1' 5#0#' !-,4#7#"T' ",' #12'+ 2#"' E. !INTERNATIONAL !FINANCIAL !AND ! SRR' ""'2'-, *' 2#, ,21' 5#0#' 2' 4 0'-31' BUSINESS !SERVICES !! 12 %#1'','2&#'.30!& 1#'.0-!#11T' ' ' %6(#6,(f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h%,*/'6(*/5#('.#%9#"++(' ' ' "2' 2&#' #,"' -$' TRSTQ' 2&#' * 2'-, *' ()%*%+,)')%*/#,!5/,%*'% 3'/ ;('&()/%#' ;-31',%' )-0.-0 2'-,' ʚ*;)ʛ' & 1' !-+.*#2#"' ' 1'%,'$'! ,2' 5-0)' 2&0-3%&' ' h-',2' 6#,230#' $#1.'2#'2&#''+. !2'-$'2&#'!-,2',3#"' .0-%0 ++#T' /&#' .0-(#!2' ',!*3"#"' %*- *'#!-,-+'!' ,"'$', ,!' *'"-5,230,Q'2&#' .0-4'1'-,1' -$' ',$0 1203!230#' 5-0)Q' ,,2#0, 2'-, *' !31',#11' &#!2-0' "30',%' 2&#' !-,1203!2'-,' -$' T[W' &-31#1Q' 25#*4#' &-31#1' 0#4'#5' .#0'-"' 0#!-0"#"' 0#4#,3#' -$' $WTW' 12'**' 3,"#0' !-,1203!2'-,' ,"' 2&#' !-+.*#2#"' +'**'-,' $0-+' 0#,#5 *1Q' ,#5' *'!#,!#1Q' 1 *#'-$'UVX'*-21T' .#, *2'#1Q' 0#',12 2#+#,21' ,"' !#02'$'#"'

73 Barbados Economic and Social Report 2012 IV. Sectoral Performance

!-.'#1' -$' #,2'2'#1' 0#%3* 2#"' 7' 2&#' 5&'!&'0#.0#1#,2#"' 'URTR'.#0'!#,2'"#!*',#'',' ,,2#0, 2'-, *' !31',#11' $'4'1'-,T' /&'1' $'%30#' ,!)1T'' 0#.0#1#,2#"' ' YRTU' .#0' !#,2' ',!0# 1#' ',' ' 0#4#,3#'-4#0'TRSS'5&'!&'0#!-0"#"'0#4#,3#' /&#' ,3+ #0' -$' ,#5' ,,2#0, 2'-, *' -$'$UTU'+'**'-,T'' &-!'#2'#1' 5'2&' ##120'!2#"' -' '*'27' ʚ,&#-1ʛ' ' $-0'TRST'5 1'!-+. 0 *#'5'2&'TRSS'$'%30#1' )%+."*7' 3%#+"/,%*' " *$' (*/,/,(&' 5'2&' ,#5' #,2'2'#1' 2-2 *',%' 25#,27V1#4#,' -,)(*&($' ʚTYʛQ' -,#' ʚSʛ' *#11' 2& ,' 2& 2' 0#!-0"#"' $-0' ' TRSTT'f'2&'0#1.#!2'2-'0#,#5 *1Q'2�#'5#0#' *-25'2&12 ,"',%'"#!*',#1'5'2,#11#"' ,',#27V-,#' ʚ[Sʛ' +-0#' ,&#-1' 0#,#5#"' ',' ',' -4#0 **' !-+. ,7' $-0+ 2'-,' ',' TRSTQ' 2&#' TRST'-4#0'TRSSQ' 'TZTW'.#0'!#,2'',!0# 1#'',' ,,2#0, 2'-, *' !31',#11' &#!2-0' 1 5' ,' 2&#'0#,#5 *'-$'2
#'#,2'2'#1T' ',!0# 1#' ',' 2&#' 0#,#5 *' -$' #,2'2'#1' $-0' 2&#' ' 1 +#' .#0'-"' -4#0' TRSST' $30',%' 2&#' 0#4'#5' ,,' 2&#' ',130 ,!#' 13 V1#!2-0' 2�#' .#0'-"Q' VQRTV' #,2'2'#1' 0#,#5#"' *'!#,!#1' 5 1' '1'%,'$'! ,2'"#!0# 1#'','2&#',3+ #0'-$' !-+. 0#"' 2-' UQSYR' ',' TRSST' /&'1' (6#+.2' ,,130 ,!#' )-+. ,'#1' ʚ(,)1ʛT' 0#.0#1#,2#"' 'TXT['.#0'!#,2'',!0# 1#'','2-2 *' $30',%' TRSTQ' #'%&2' ʚZʛ' ,#5' (,)1' 5#0#' #,2'2'#1' 0#,#5#"' ',' TRST' 5&#,' !-+. 0#"' 0#%'12#0#"'5&#,'!-+. 0#"'5'2&'25#,27V-,#' 5'2&'2&#'.0#4'-31'7# 0T' ʚTSʛ' ',' TRSSQ' ' "#!0# 1#' -$' XST[' .#0' !#,2T' ' /&#' ,3+ #0' -$' (6#+.2' ,,130 ,!#' /&#',3+ #0'-$',#5'#,2'2'#1'*'!#,1#"' + , %#+#,2' )-+. ,'#1' ʚ(,+)1ʛ' 12--"' 2' 2'2&#'#,"'-$'TRST'2-2 **#"'VUU' 1'!-+. 0#"' $-30'ʚVʛ'',' TRST'5&#,'!-+. 0#"' 5'2&'25-' 5'2&'WXV'#,2'2'#1'','TRSST'/&'1'0#.0#1#,2#"' ʚTʛ'','TRSST'' ' URTT' .#0' !#,2' "#!0# 1#' ',' ,#5' #,2'2'#1T' ' $30',%' TRSTQ' 2�#' 5#0#' U[U' ,#5' /&#',3+ #0'-$'0#,#5 *'-$'%$$1&-0#' ,,2#0, 2'-, *'!31',#11')-+. ,'#1'ʚ,!)1ʛ' 1' ! ,)1' 0#+ ',#"' 3,!& ,%#"' 2' $-027V$'4#' !-+. 0#"' 5'2&' WSS' ',' 2&#' .0#4'-31' 7# 0' ʚVWʛT' ' ' ' Table 4.5-1 Number of New International Business Entities Licensed 2009 - 2012 2009 2010 2011R 2012

International Business Companies (IBCs) 379 420 511 393 Exempt Insurance Companies (EICs) 5 9 21 8 Exempt Insurance Management Companies (EIMCs) 1 1 2 4 Offshore Banks 4 2 2 1 Societies with Restricted Liability (SRLs) 19 11 28 27 Total 408 443 564 433 SOURCE: International Business Division Notes: 1The figures represent the number of licences issued to new international business entities. 2As a result of the WTO ruling against FSCs, no new licences were issued from 2001. '

74 Barbados Economic and Social Report 2012 IV. Sectoral Performance

' ' Table 4.5-2 Number of New International Business Entities Renewed 2009 - 2012 2009 2010 2011 2012 International Business Companies (IBCs) 2,480 2,644 2,785 3,550 Foreign Sales Corporations (FSCs) 18 18 21 19 Societies with Restricted Liabilities 467 397 319 410 Offshore Banks 50 45 45 45 Total 3,015 3,104 3,170 4,024

SOURCE: International Business Division ' ' ' ' ' /#("/7'(4."*&,%*'.#%9#"++(' &5.(#6,&,%*'" *$'#(95-"/,%*' ' ' $%5!-('/"4"/,%*'"9#((+(*/&' ! 0 "-1'!-,2',3#"'2-'.* !#'120-,%' ' #+.& 1'1'-,''21'13.#04'1-07' ,"'0#%3* 2-07' $30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' ! . !'27' 5'2&' 2&#' ',2#,2' -$' + ',2 ',',%' '21' $-3 *#'/ 6 2'-,'"%0##+#,21'ʚ$/"1ʛ'1'%,#"' /3 *'27' ,"' ',2#%0'27' 1' ' 5#**' 0#%3* 2#"' 5'2&' ,!#* ,"Q' 2&#' )8#!&' ##.3 *'!' ,"' 2&#' ',2#0, 2'-, *' 31',#11' ,"'$', ,!' *'1#04'!#' 5,'2#"' [',%"-+' #,2#0#"' ',2-' $-0!#T' $/"1' 1#!2-0T' 5'2&' ! &0 ',Q' i 2 0' ,"' & ,' + 0',-' 5#0#' ' 1'%,#"' "30',%' TRST' ,"' 5#0#' 5 '2',%' $30',%' TRSTQ' 2&#' ,,2#0, 2'-, *' 0 2'$'! 2'-,T'' !31',#11' $'4'1'-,' 5-0)#"' -,' $', *'8',%' 2&#' ' ##%3* 2'-,1'2-'%-4#0,'2&#' "+','120 2'-,'-$' "1' 2'$#!#+ #0'USQ'TRSTQ'! 0 "-1' 2&#' ,,2#0, 2'-, *' )-0.-0 2#' ,"' /0312' & "S'' '!#' .0-4'"#01' "!2Q' TRSSQ' 5&'!&' 5 1' ' #, !2#"'2-'%-4#0,'2&#'-.#0 2'-,'-$'.#01-,1'  /&'027V25-'ʚUTʛ'2 6'20# 2'#1'','$-0!#R'' ,"' !-+. ,'#1' 2& 2' .0-4'"#' !-0.-0 2#' ,"'  3'4#'ʚWʛ'1'%,#"'20# 2'#1'12'**' 5 '2',%' -0' 20312' 1#04'!#1' 2-' 2&#' ,,2#0, 2'-, *' 0 2'$'! 2'-,'2-'#,2#0'',2-'$-0!#'5'2&'2&#' !31',#11'1#!2-0T'/&#'$'4'1'-,' *1-'.0#. 0#"' ##.3 *'!'-$'9& , Q'.-023% *Q'! &0 ',Q' 2&#' ,#!#11 07' ',1203!2'-,1' 5&'!&' 5-3*"' i 2 0' ,"'& ,'+ 0',-T' ',$-0+' 2&#' "0 $2',%' -$' ##%3* 2'-,1' ,"'  3'4#'ʚWʛ'20# 2'#1'5'2&',2 *7Q'6'#2, +Q' 3-0+1' 2& 2' 5-3*"' #4#,23 **7' %-4#0,' 2&#' !#*%'3+Q'&',% .-0#' ,"'2&#'&*-4 )' "+','120 2'-,'-$'2&#'"!2T'' ##.3 *'!' 0#'12'**' 5 '2',%'1'%, 230#T' ' ' $30',%' TRSTQ' .0-2-!-*' 2-' 2&#' -(9,&-"/,%*' #6'12',%' $/"' 5'2&' &5#"#,' #,2#0#"' ',2-' ' $-0!#'5&'*12'.0-2-!-*1'5'2&') , " Q'3',* ,"' "' ,3+ #0' -$' *#%'1* 2'4#' 0#$-0+1' ,"' *-05 7' 5#0#' 5 '2',%' 0 2'$'! 2'-,T' 5#0#' "# 2#"' ,"' . 11#"' ',' . 0*' +#,2' ',' )#,20 *'2-'2
#'.0-2-!-*1'5#0#'2&#'3." 2#"' TRSTT'/'5#0#S' #6!& ,%#' -$' ',$-0+ 2'-,' .0-4'1'-,1' 2-' ' #,130#' 2& 2' 2&#' $/"1' +##2' 2&#' 9*- *'  /&#'. 0'4 2#'/ 0312') -+. ,'#1'*#%'1* 2'-,' 3-03+_1' 12 ," 0"' -,' /0 ,1. 0#,!7' ,"' 5&'!&' **-51'$-0'2&#'!0# 2'-,' ,"'31#'-$' (6!& ,%#'-$',,$-0+ 2'-,'','2 6'+ 22#01T' .0'4 2#' /0312' )-+. ,'#1Q' ,-2�'

75 Barbados Economic and Social Report 2012 IV. Sectoral Performance

$', ,!' *' 4#&'!*#' + , %#"' 7' $ +'*7' PRODUCTION ! +#+ #01'5'2&','2&#'1 +#'%0-3.T' '  "+#,"+#,21' 2-' 2&#' / 0312##' " !2' 2-' $30',%' TRSTQ' .0-"3!2'-,' -$' !03"#' #62#,"' 2&#' .-5#01' -$' 2&#' 20312' *-0' -'*'"#!0# 1#"' 7' ..0-6'+ 2#*7'YTU'.#0'!#,2T' 5#0#' *1-' ',!*3"#"' 5'2&' 2&#' .0'4 2#' .0-"3!2'-,' $-0' TRST' 12--"' 2' TYTQTYU' *1' /0312')-+. ,7'"0 $2'*#%'1* 2'-,T'' 5&'*#' -32.32' $-0' 2&#' 1 +#' .#0'-"Q' "30',%'  /&#'3 -3," 2'-,1'*#%'1* 2'-,'ʚ '!'4'*'* 5' TRSSQ' 0# !&#"' T[UQYTX' *1T' /&#' "#!0# 1#' #/3'4 *#,2'-$'20312ʛ'5&'!&'5'**'$ !'*'2 2#' 5 1' 220' 32#"' 2-' 2&#' !*-1',%' -$' .0-"3!',%' &-32&'"+#0'! ,'',4#12+#,21T' 5#**1' .#,"',%' 2&#' !-++#,!#+#,2' -$' ,' ' (,& ,!#"' ##!-4#07' )-,20 !2T' $30',%' 2&#' /
#' .'#!#1' -$' *#%'1* 2'-,' 0#' 1 +#' .#0'-"Q' , 230 *' % 1' .0-"3!2'-,' %# 0#"' 2-5 0"1' 220 !2',%' ',4#12-01' $0-+' 0#%'12#0#"'ZRYQ[YZ'+!$'0#.0#1#,2',%' 'SVTW' !'4'*' * 5' !-3,20'#1' #1.#!' **7' ',' &-32&' .#0' !#,2' ',!0# 1#' 5&#,' !-+. 0#"' 5'2&' "+#0'! ' *')#' +#6'!-' ,"' 6#,#83#* ' ,"' YRWQXRV' +!$' .0-"3!#"' ',' TRSST' /�#' 5 1' -2
' 5'2&' 5&'!&' ! 0 "-1' '1' 1##)',%' 2-' ,-' -'/3#$'#"' .#20-*#3+' 9 1' ʚ-.9ʛ' .0-"3!2'-,'%'4#,'2& 2'2&#'-.9'.* ,2'5 1'-32' ,#%-2' 2#'$-3 *#'/ 6 2'-,'"%0##+#,21T' -$'!-++'11'-,'$0-+'TRRUT' ' ' &(#6,)(&' OIL !AND !GAS !SALES ! ' ' /&#' #6.-02' -$' 1#04'!#1' !0-11' **' $30',%' 2&#' 0#4'#5' .#0'-"Q' -'*' 1 *#1' $-30'ʚVʛ'+-"#1'-$'13..*7'!-,2',3#1'2-' #'2&#' "#!0# 1#"' 7' WTV' .#0' !#,2Q' 2-' TYWQWRV' *1' .0'+ 07' #,%',#' -$' %0-52&' $-0' ! 0 "-1T'' !-+. 0#"' 5'2&' T[SQSVR' *1' ',' TRSST' /&#' 1#04'!#1' 1#!2-0' '1' 0#1.-,1' *#' $-0' ' "*2#0, 2'4#*7Q' , 230 *' % 1' 1 *#1' ',' TRST' 0 2�' * 0%#' .-02'-,' -$' 2&#' 90-11' $-+#12'!' 2-2 **#"'V[SQ[ZR'+!$'0#.0#1#,2',%' 'TTS'.#0' .0-"3!2' ʚ9$.ʛ' ,"' '1' ' + (-0' #+.*-7#0' !#,2' ',!0# 1#' 5&#,' +# 130#"' % ',12' 2&#' 5'2&',' 2&#' #!-,-+7T'/-' 2&'1' #,"Q' 2&#' 2-2 *'1-*"'2&#'.0#4'-31'7# 0'ʚVZTQRZR'+!$ʛT' ,,2#0, 2'-, *' !31',#11' $'4'1'-,' ʚ,!$ʛ' & 1' & *#1' 7' 4-*3+#' 2-' 2&#' * 2'-, *' .#20-*#3+' 3,"#0%-,#' ' ,3+ #0' -$' ','2' 2'4#1' ,"' )-0.-0 2'-,'ʚ*.)ʛ'',!0# 1#"' 7'ZTY'.#0'!#,2' $0-+'U[YQSVW'+!$'','TRSS'2-'VUSQZ[R'+!$'',' .0-%0 ++#1' 2-' $302�' $ !'*'2 2#' 2&#' TRSTT' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2�#' 5 1' #6. ,"#"' "#4#*-.+#,2' -$' 1#04'!#1' 20 "#' ,' ',!0# 1#' ',' % 1' .0-"3!2'-,' $-0' 1 *#T' /&#' $0-+' ! 0 "-1T' ,,' ""'2'-,Q' 2&#' ,!$' & 1' *.)' 5 1' 3, *#' 2-' 1#**' , 230 *' % 1' 2-' 1& 0.#,#"' '21' $-!31' 2-' 13..-02' 2&#' ! 0 "-1' -'%&2' ,"' .-5#0' ʚ!-.ʛQ' -,#' -$' ) 0' # ,' )-++3,'27_1' ʚ)"#,)%+ʛ' #$$-021' '21' !-++#0!' *' !312-+#01T' ;-5#4#0Q' 2&#' ',' 0#* 2'-,' 2-' 2&#' ,#%-2' 2'-,' -$' 2&#' 4 *3#' -$' 1 *#1' ',!0# 1#"' 7' ZTR' .#0' !#,2' 2-' )"#,)%+V) , " '30##'/0 "#'"%0##+#,2T' $SWTW' +'**'-,' ',' TRST' !-+. 0#"' 5'2&' 2&#' ' 1 +#'.#0'-"'','TRSST'' ' ' F. !ENERGY !AND !UTILITIES ! CAPITAL !WORKS !PROGRAMME ! ' ' "2'$#!#+ #0'TRSTQ' ,'#12'+ 2#"'TTZ' /&#' * 2'-, *' .#20-*#3+' +'**'-,' 00#*1' ʚ *1ʛ' -$' !03"#' -'*' ,"' )-0.-0 2'-,_1'ʚ*.)ʛ'#6. ,1'-,'.0-%0 ++#' VQZRRQRRR' 2&-31 ,"'!3 '!' $##2' ʚ+!$ʛ' -$' % 1' !-,2',3#"'"30',%'2&#'7# 0' 1'2&#',#25-0)'-$' 5#0#' 4 '* *#' ',' 0#1#04#1T' /&#' .0-"3!21' + ',1'',!0# 1#"' 7'XT['+'*#1T'"1' '0#13*2Q'1'6' #620 !2#"'"30',%'2&#'7# 0'5#0#'"0 5,'$0-+' &3,"0#"' ,"'$'$27V-,#'ʚXWSʛ',#5'!312-+#01' #6'12',%' 5#**1Q' ',!*3"',%' 2&-1#' "0'**#"' ',' 5#0#'% ',#"T' TRRW' ,"' !-++'11'-,#"' ',' TRRX' ,"' ' ELECTRICITY ! 0-3%&2' -,' 120# +' ',' TRR[T' %$' 2&#' 5#**1' "0'**#"'','TRSTQ'2&0##'ʚUʛ'& 4#' ##,'','31#' ' 2-'&#*.' --12'.0-"3!2'-,T' (*#!20'!'27' 1 *#1' $-0' TRST' ',!0# 1#"' ' 7' SSTY' .#0' !#,2' 2-' SRVV' +'**'-,' [5&'

76 Barbados Economic and Social Report 2012 IV. Sectoral Performance

!-+. 0#"'5'2&'[UVTX'+'**'-,'[5&'','TRSST' RENEWABLE !ENERGY !AND !ENERGY ! /&#' * 0%#12' ! 2#%-07' -$' 31#01' !-,2',3#"' 2-' EFFICIENCY ! #'2&#'$-+#12'!'&#!2-0Q' !!-3,2',%'$-0'TZTZ' ' .#0' !#,2' -$' 2-2 *' 1 *#1' -0' URS' +'**'-,' [5&T' SUSTAINABLE !ENERGY !FRAMEWORK ! /&#' ! 0 "-1' -'%&2' ,"' .-5#0' )-+. ,7' ' -'+'2#"' ʚ!-.ʛ' ',4#12#"' $STTV' +'**'-,' 2-' $30',%'TRSTQ'2&#'$-**-5',%' !2'4'2'#1' 3.%0 "#' '21' ! .'2 *' ',$0 1203!230#' 2-' 5#0#'0#4'#5#"' 7'2&#'12 )#&-*"#01S' !!-++-" 2#' $-0#! 12#"' "#+ ,"' $-0' 2&#' ' .#0'-"T''  $'1.-1 *' .* ,' $-0' (,#0%7' ($$'!'#,2' ' -'%&2',%'' REFINED !PETROLEUM !PRODUCTS !  #3*#1'2-'(,!-30 %#'&312 ', *#'(,#0%7'' '  ##4'1#"' $0 $2' * 2'-, *' &312 ', *#' ,,'TRSTQ'2�#'5#0#'4 07',%'0#13*21' (,#0%7'.-*'!7'' ',' 2&#' "#+ ,"' $-0' 0#$',#"' .#20-*#3+'  .3 *'!' ("3! 2'-,' ,"' .0-$#11'-, *' .0-"3!21' 5&#,' !-+. 0#"' 5'2&' TRSST' &20#,%2&#,',%' .* ,' $-0' &312 ', *#' 9 1-*',#'!-,13+.2'-,'',!0# 1#"' 7'RTS'.#0' (,#0%7' !#,2' 2-' YXZQRRU' *1' $0-+' YXYQTTX' *1' ','  $0 $2'(*#!20'!'-'%&2' ,"'.-5#0'!'**''' TRSST'33#*'%'*'!-,13+.2'-,Q'','!-,20 12'5'2&' ' TRSS'ʚSQVVVQR[W' *1ʛ'',!0# 1#"' 7'UTR'.#0' """'2'-, **7Q' 2&#' .3 *'!' &#!2-0' !#,2' -0' 2-' SQVZYQSXT' *1T' $'#1#*' !-,13+.V &+ 02' (,#0%7' ʚ.&&(ʛ' .0-%0 +Q' 2-' #6. ,"' 2'-,' "#!0# 1#"' 7' YTT' .#0' !#,2' 2-' YZXQ[VV' 9-4#0,+#,2_1'(,#0%7'($$'!'#,!7' ,"'##"3!#' *1' !-+. 0#"' 5'2&' ZVYQ[T[' *1' 2&#' (,#0%7' .0-%0 ++#1Q' 5 1' ,#%-2' 2#"' 5'2&' .0#4'-31' 7# 0T' [#0-1#,#' 1 *#1' ',' TRSS' 2&#' ,,2#0V"+#0'! ,' $#4#*-.+#,2' ! ,)' "#!*',#"'2-'SRRQYVU' *1T' ʚ,$!ʛ'2&0-3%&' '*- ,T''/&#'.0-(#!2#"'!-12'-$' ' '+.*#+#,2',%' 2&#' .0-(#!2' 5 1' 5&$SYTX+T'' NATURAL !RESOURCES ! $30',%' 2&#' .0-!#11' 2&#' (30-.# ,' ' )-++'11'-,' ʚ()ʛ' %0##"' 2-' !-,20' 32#' ,,'TRSTQ' '##4'1#"'* 2'-, *'%'*'&.'**' 5&$YTX+'','%0 ,2'$', ,!',%'2-'2&#'.0-(#!2'2-' )-,2',%#,!7' .* ,' 5 1' "#4'1#"' ,"' #'!& ,,#*#"'2&0-3%&'2&#',$!T''' 13 +'22#"' 2-' 2&#' ) ',#2T' f'2&',' 2&'1' ' 0#4'1#"'.* ,Q''2'5 1'"#!'"#"'2& 2' ,'%'*'&.'**' GLOBAL !ENVIRONMENT !FACILITY !INITIATIVES ! )-,2',%#,!7'33,"'1&-3*"' #'#12 *'1&#"'$-0' ' 0#1.-,1#'2-'-'*'1.'**1'5�#'2&#'0#1.-,1' *#' ,,' TRSTQ' 2#,"#0',%' !-++#,!#"' 2-' . 027' ! ,,-2' #' '"#,2'$'#"Q' 5'2&' 2&#' 13..*7' #/3'.+#,2'$-0'2&#'#,#0%7'#$$'!'#,!7' 9-4#0,+#,2' -$' ! 0 "-1' 2 )',%' .'*-2' .0-(#!2T' /&#' $3**' /3-2 ' -$' SWQRRR' 0#1.-,1' '*'27' $-0' 1.'**' !*# ,V3.T' ,2' 5 1' )-+. !2' 3*-0#1!#,2' - +.1' ʚ)3-1ʛ' 5#0#' "#2#0+',#"'2& 2'2&#'$3,"'1&-3*"' #'31#"'2-' "#*'4#0#"R' 2&#' . 02'!'. ,2' 1#*#!2'-,' $-0' 2&#' +##2' 2&#' !-121' -$' !!#11',%' 1.'**' 0#1.-,1#' 0#,#5 *#' #,#0%7' .'*-2' .0-(#!2' ,"' 2&#' #/3'.+#,2' ,"' #6.#02'1#' $0-+' 0#%'-, *' -0' .3 *'!' ("3! 2'-,' ,"' "5 0#,#11' ',2#0, 2'-, *' 0#1.-,1#' -0% ,'8 2'-,1Q' .0-%0 ++#'5 1'!-+.*#2#"T' 1&-3*"' '2' #' ,#!#11 07' 2-' ! **' 3.-,' 13!&' ' 0#1-30!#1T' THE !ENERGY !SMART !FUND ! ' ' FUEL !IMPORT !BILL ! $30',%' TRSTQ' 2&#' 2#!&,'! *' ' 11'12 ,!#' ,"' *- ,' $ !'*'2'#1' #! +#' 3-0' TRSTQ' 2&#' $3#*' '+.-02' '**' 5 1' 4 '* *#' 2-' 2&#' .3 *'!' ,"' ','2' *' .3 *'!' #12'+ 2#"' 2' $ZRYTZ' +'**'-,Q' 5&'!&' 5 0#,#11' .0-%0 ++#' $-0' 2&#' $3,"' 5 1' 0#.0#1#,21' ,'',!0# 1#'-$'TTX'.#0'!#,2'5&#,' 3,"#02 )#,T' 3'4#' ʚWʛ' $'0+1' 5#0#' ..0-4#"' !-+. 0#"'5'2&'2&#'$YZYTS'+'**'-,'0#!-0"#"' 1' &+ 02' 33,"' . 02,#01' ʚ&3.1ʛ' 2-' !-,"3!2' ',' TRSST' /&#' #12'+ 2#"' ',!0# 1#' ',' 2&#' 2&#' ,#!#11 07' .0#V$# 1' '*'27' 123"'#1' ,"' '+.-02' '**' 5 1' 220' 32#"' .0'+ 0'*7' 2-' #,#0%7' 3"'21' $-0' 31',#11#1' 1##)',%' ',!0# 1#1'','.#20-*#3+'.0'!#1'','%#,#0 *T' 2#!&,'! *' 11'12 ,!#T'

77 Barbados Economic and Social Report 2012 IV. Sectoral Performance

$30',%' 2&#' 0#4'#5' .#0'-"Q' #*#4#,' "30',%' TRSTT' /&'1' +# ,2' 2& 2' 2&#' 0#2 '*' ʚSSʛ' ..*'! 2'-,1' 3,"#0' 2&#' /#!&,'! *' .0'!#1'-$'2&#'.0-"3!21'5#0#'+-0#'0#$*#!2'4#' "11'12 ,!#'3 !'*'27'5#0#'13 +'22#"'-$'5&'!&' -$' 2&#'0' '+.-02' .0'!#1T' ,,' 2&#' ! 1#' -$' ,',#'ʚ[ʛ'5#0#' ..0-4#"'$-0'%0 ,21'2-2 *',%' % 1-*',#Q' 2&#' 4#0 %#' 0#2 '*' .0'!#' $-0' TRST' !$&$ZUQVWRTRRT' ' """'2'-, **7' 2�#' 5#0#' 5 1'$UTUV'.#0'*'20#'-0'YTS'.#0'!#,2' -4#'2&#' 25-' ʚTʛ' ..*'! 2'-,1' $-0' *- ,1' 13 +'22#"' 4#0 %#' 0#2 '*' .0'!#' $-0' TRSS' -$' $UTST' .#0' 2-2 *',%'!$&$UTR'+'**'-,T' *'20#T'/&#' 4#0 %#'0#2 '*'.0'!#'$-0'"'#1#*'5 1' ' $TTZW' .#0' *'20#' -0' VTV' .#0' !#,2' &'%�' 2& ,' LOCAL !PRICES ! $-0'2&#' 4#0 %#'.0'!#'-$'$TTYU'"30',%'TRSST' ' /&#' 4#0 %#'0#2 '*'.0'!#'$-0')#0-1#,#'"30',%' /&#' .-*'!7' -$' +-,2&*7' .0'!#' TRST' 5 1' $STZ[' .#0' *'20#' -0' VTV' .#0' !#,2' "(312+#,2' 2-' 2&#' + (-0' $3#*1Q' % 1-*',#Q' -4#' 2&#' 4#0 %#' 0#2 '*' .0'!#' -$' $STZS' $-0' "'#1#*Q' )#0-1#,#' ,"' -.9' 5 1' !-,2',3#"' TRSST' '

78 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.6-1 Oil, Gas & Utility Production and Consumption 2009 - 2012

2009 2010 2011 2012 JAN-DEC JAN-DEC JAN-DEC JAN-DEC PRODUCTION TOTAL TOTAL TOTAL TOTAL Domestic Crude Oil (Bbls) 277,123 306,513 293,726 272,273

Domestic Natural Gas (Mcf) 698,480 690,567 705,640 807,978

Domestic LPG (Bbls) - - - 4

No. of wells drilled 7 - - - OIL SALES (bbls) 280,332 308,720 291,140 275,504 GAS SALES (Mcf) 487,774 460,074 482,082 491,980

NATURAL GAS SALES VOL. (CM) VALUE $ VOL. (CM) VALUE $ VOL. (CM) VALUE $ VOL. (CM) VALUE $

Residential 2,508,781 3,710,252 2,567,595 3,797,592 2,550,283 3,768,269 2,681,111 3,964,265 Commercial 7,331,623 8,780,397 7,685,610 9,189,985 7,985,067 9,535,969 8,887,545 10,583,404 Industrial 1,418,265 1,115,931 757,907 767,972 710,579 901,245 661,173 930,524 Special Industrial 815,944 629,614 53,829 53,935 - - - - TOTAL 12,074,613 14,236,194 11,064,941 13,809,484 11,245,929 4,205,483 12,229,829 15,478,193 NEW GAS CONNECTIONS Residential 323 548 483 637 Commercial 12 23 34 14 Total Natural Gas - 571 517 651 Connections

Mileage of Gas Mains 1.96 4.84 4.52 6.09 Network Total to Date 317.42 322.14 326.67 332.76 ELECTRICITY

Gross Generation 1,068,378,200 1,078,300,000 1,033,920,324 1,024,291,588 Net Generation 1,022,925,099 1,027,670,000 984,644,417 980,946,487 Total Sales 951,230,822 958,122,597 934,605,362 1,044,046,750

SALES (Kwh)

Hotel 122,867,500 139,635,576 139,309,136 137,101,275 Commercial 218,786,294 217,694,270 198,163,222 200,881,235 Public 156,847,538 150,429,736 138,820,623 147,494,956 Domestic 306,555,417 308,374,981 301,476,498 300,610,897 Industrial 62,560,950 62,763,151 80,962,071 71,905,982 Other 83,637,132 79,224,882 75,873,812 186,052,405 TOTAL 951,254,831 958,122,596 934,605,362 1,044,046,750

Capital Expenditure (million) 15.84 155.68 26.76 12.44 Average Cost of Electricity 30.75 51.77 64.70 64.77 (cents/kwh) No. of Customers 129,809 124,990 125,907 123,935

CONSUMPTION/SALES OF REFINED PRODUCTS (BBLS)

Gasoline (Unleaded) 823,693 798,591 767,226 767,036 Kerosene 3,561 211,681 178,340 - Diesel 755,928 817,919 847,929 786,944 Fuel Oil 1,560,006 1,369,218 1,448,285 1,484,505

SOURCE : Energy Division, Prime Minister's Office ' ' G. !COMMERCE !AND !CONSUMER !AFFAIRS ! -,)(*&,*9' ! ' /&#' !-++#0!' *' 0+' -$' 2&#' $30',%' TRSTQ' 2&#' $#. 02+#,2' -$' $#. 02+#,2' !-,2',3#"' 2-' +-,'2-0' 20 "#' )-++#0!#' ,"' )-,13+#0' "$$ '01' ʚ$))"ʛ' 2&0-3%&'2&#'*'!#,1',%'1712#+T'',,'2&#'0#4'#5' !-,2',3#"' 2-' "4 ,!#' ,"' .0-+-2#' .#0'-"Q' ' 2-2 *' -$' S[QS[[' ..*'! 2'-,1' $-0' !-++#0!#' ,"'!-,13+#0'1+'','! 0 "-1T' '+.-02' *'!#,1#1' 1' !-+. 0#"' 2-' S[QZ[U' ',' ' TRSSQ'5#0#'.0-!#11#"'$-0'2&#''+.-02 2'-,'-$'

79 Barbados Economic and Social Report 2012 IV. Sectoral Performance

4 0'-31' '2#+1' -0'%', 2',%' $0-+' 5'2&',' 2&#' #'%&2' ʚTZʛ' ! *' 0 2'-,1' 5#0#' 4#0'$'#"' ',' -'*' 0#%'-,' 1' 5#**' 1' -321'"#' 2&#' 0#%'-,T' /&'1' 0#$',#0'#1T' 5 1' '"#!0# 1#'-$'X[V'-0'UTW'.#0'!#,2T'' ' ' )%*&5+(#')-",+&'/#,!5*"-' ,+.-02' *'!#,!#1' '113#"' $-0' 0#%'-, *' ' !-++-"'2'#1' "#!0# 1#"' 7' TZ' -0' RT[' .#0' /&#' )-,13+#0' )* '+1' /0' 3, *' !#,2' $0-+' UQTYU' ',' TRSS' 2-' UQTVW' ',' TRSTT' ʚ))/ʛ''1' '1+ **')* '+1')-302'.0-4'"#"'$-0' ,+.-02'*'!#,!#1''113#"'$-0'%--"1'$0-+'#620 V 3,"#0' 2&#' )-,13+#0' 93 0 ,2##1' "!2Q' 0#%'-, *' 1-30!#1' ʚ#6!*3"',%' 4#&'!*#1ʛ' ) .TUXTT',2''1'"#1'%,#"'2-'.0-2#!2'2&#'0'%&21' "#!0# 1#"'$0-+'STQYZU'','TRSS'2-'STQUUX'',' -$'2&#'!-,13+#01Q' ,"'2-'-$$#0'0#"0#11'5&#,' TRSTQ' '"#!0# 1#'-$'VVY'-0'UTW'.#0'!#,2T' 2�#' 0#' 0# !
' -$' %3 0 ,2##1T' ' $30',%' ' 2&#'7# 0'TRSTQ'2&#'/0' 3, *'&#*"'$-027'ʚVRʛ' ,,' ""'2'-,Q' '+.-02' *'!#,!#1' '113#"' 1'22',%1' ,"' "(3"'! 2#"' ',' 1'627V#'%&2' ʚXZʛ' $-0' ,#5' 4#&'!*#1' "#!0# 1#"' $0-+' TQWRS' ',' ! 1#1' !-+. 0#"' 2-' 2&#' $-027V,',#' ʚV[ʛ' TRSS' 2-' TQTYX' ',' TRSTQ' '"#!*',#' -$' TTW' -0' 1'22',%1'&#*"' ,"'2&#'1#4#,27V25-'ʚYTʛ'! 1#1' ZT[' .#0' !#,2T' "*2#0, 2'4#*7Q' '+.-02' *'!#,!#1' "(3"'! 2#"' ',' TRSST' ' "'2-2 *'-$' $WWQYTRTUX' '113#"' $-0' 31#" 0#!-,"'2'-,#"' 4#&'!*#1' 5 1' 5 0"#"' $-0' 2&'027' ʚURʛ' ! 1#1' ',' TRST' ',!0# 1#"' 7'TV'-0'ST['.#0'!#,2'$0-+'SQTZS' !-+. 0#"'2-'$VYQZWYTWX' 5 0"#"'$-0'2&'027V ',' TRSS' 2-' SQURW' ',' TRSTQ' 5&'*#' '+.-02' ,',#'! 1#1'','TRSST' *'!#,!#1' '113#"' $-0' 2#+.-0 07' '+.-02 2'-,' ' -$' 4#&'!*#1' $#**' $0-+' WW' ',' TRSS' 2-' UY' ',' /;('3",#'/#"$,*9')%++,&&,%*' TRSTQ' '"#!0# 1#'-$'SZ'-0'UTTY'.#0'!#,2T'' ' ' 3",#')%+.(/,/,%*'' .#,)('+%*,/%#,*9'" *$'+%*,/%#,*9'% 3' ' .#(V.")["9('3%%$'ʚ-"!(--,*9' /&#' )-++'11'-,Q' ',' TRSTQ' !-,"3!2#"' ' ,3+ #0' -$' ',4#12'% 2'-,1' ',2-' &/"*$"#$&ʛ' **#%#"' ,2'V!-+.#2'2'4#' .0 !2'!#1T' /
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80 Barbados Economic and Social Report 2012 IV. Sectoral Performance

Table 4.7-1 Import and Export Licences Processed in 2012

Extra-regional New Used/Recon. Temporary Month CARICOM (excl.vehicles) Vehicles Vehicles Vehicle Imports Exports Total

Jan 236 1,126 155 135 2 1,654 Feb 322 1,109 203 134 1,768 Mar 295 1,003 230 90 1,618 Apr 274 1,067 193 135 3 1,672 May 284 966 282 136 30 1,698 Jun 287 861 196 102 1,446 Jul 250 992 281 128 1,651 Aug 252 1,044 254 114 1,664 Sep 231 865 148 75 1,319 Oct 285 1,097 64 104 2 1,552 Nov 294 1,198 96 81 1,669 Dec 235 1,008 174 71 1,488 Total 3,245 12,336 2,276 1,305 37 0 19,199 % 16.9 64.3 11.9 6.8 0.2 0 100 SOURCE: Ministry of Trade and Commerce ' Table 4.7-2 Number of Visits Undertaken to Perform Tasks in 2012 Monthly Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

Inspections & Other Surveys 622 591 575 499 485 545 774 667 734 734 628 409 7263 Conducted

Per cent 8.6 8.1 7.9 6.9 6.7 7.5 10.7 9.2 10.1 10.1 8.6 5.6 100.0

SOURCE: Ministry of Trade and Commerce ' )%*&5+(#'.#%/()/,%*' +#,"' 2&#' 3,$ '0' 2#0+1T' /&#' )-++'11'-,' ' 4'1'2#"' 2&'027V1#4#,' ʚUYʛ' 31',#11#1' ,"' /&#' )-++'11'-,' !-,2',3#"' 2-' + "#'.0#1#,2 2'-,1'2-'#+.*-7##1T'"'2-2 *'-$' #6 +',#'&2 ," 0"'3-0+')-,20 !21'$-0'3,$ '0' WUY' .#01-,1' . 02'!'. 2#"' ',' "'1!311'-,1' !-,20 !2' 2#0+1T' /
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81 Barbados Economic and Social Report 2012 IV. Sectoral Performance

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82 Barbados Economic and Social Report 2012 IV. Sectoral Performance

1.#!'$'!'/3#12'-,1'$0-+'2&#'.3 *'!Q'.0-4'"#"' $30',%'2&#'0#4'#5'.#0'-"Q'2&#'&!$5' 1&-02' 2'.1' -,' !-,13+#0' 0'%&21' ,"' 0#!#'4#"' 2&0##' ʚUʛ' ..*'! 2'-,1' $-0' 0#1.-,1' '*'2'#1Q' $# 230#"' ',2#04'#51' 5'2&' ..0-4#"' 1+ **' 31',#11' 12 231' -$' 5&'!&' 1#,'-0' -$$'!#01' -$' 2&#' )-++'11'-,' ,"' *1-' 25-' ʚTʛ' 5#0#' ..0-4#"T' ' 5,"#0' 2&#' /0 "#' ""0#11#"' '113#1' 0#*#4 ,2' 2-' 2&#' 31',#11' ##!#'4 *#' -'/3'"'27' 3 !'*'27' ʚ/#-3ʛ' 2&#' !-++3,'27T'' &!$5' 0#%'12#0#"' $'4#' ʚWʛ' !-+. ,'#1' ,"' ' 1#4#,'ʚYʛ' 31',#11', +#1T',,' ""'2'-,Q'2�#' ' 5#0#' ,',#' ʚ[ʛ' 31',#11#1' 5&'!&' 5#0#' H. !SMALL !BUSINESS !DEVELOPMENT ! 0#$3,"#"' ' 2-2 *' -$' $SRQXSXTWX' $-0' ! ',!-0.-0 2'-,' ' %6(#6,(f' &+"--'!5&,*(&&'"&&%),"/,%*' ' ' &+"--'!5&,*(&&'$(6(-%.+(*/'5*,/' $30',%' TRSTQ' $-027V#'%&2' ʚVZʛ' ,#5' ' +#+ #01' (-',#"' 2&#' &+ **' !31',#11' /&#' 1+ **' 31',#11' 1#!2-0' "30',%' "11-!' 2'-,' ʚ&!"ʛ' #+.*-7',%' 1-+#' UZS' TRST' !-,2',3#"' 2-' .* 7' ,' ',2#%0 *' . 02' ',' .#01-,1T'/&#'-4#0 **'+#+ #01&'.'-$'2&#'&!"' 2&#' #!-,-+'!' ,"' 1-!' *' "#4#*-.+#,2' ',' '1' "'4'"#"' ',2-' ,',#' ʚ[ʛ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ʚ&!$5ʛ' .0-!#11#"' SUT' -.#0 2'-, *' #$$'!'#,!'#1' ,"' #,& ,!#' 2&#'0' ..*'! 2'-,1'-$'5&'!&'SSY'+'!0-' 31',#11#1' -4#0 **' !-+.#2'4#,#11T' /&#' !2'4'2'#1' 5#0#' ..0-4#"T'%$'2&#' 31',#11#1' ..0-4#"Q' ',!*3"#"S'' $'$27V-,#'ʚWSʛ'5#0#'-5,#"' ,"'-.#0 2#"' 7' '  + *#1'5&'*#'1'627V1'6'ʚXXʛ'5#0#'-5,#"' ,"' /&#' "#4#*-.+#,2' -$' ' !31',#11' /--*)'2' -.#0 2#"' 7' $#+ *#1T' f'2&' 0#1.#!2' 2-' 2-2 *' $-0' 1+ **' 31',#11#1' 2-' #,& ,!#' 2&#' $3,"1' ..0-4#"Q'$SWVQURW'5 1' ..0-4#"'2-' + , %#+#,2' ,"' 2#!&,'! *' 1)'**1' -$' + *#V-5,#"' 31',#11#1'5&'*#'$S[VQUYW'5 1' .0-.0'#2-01' ,"' 12 $$' *')#T' /&#' 2--*)'2' ..0-4#"' 2-' $#+ *#V-5,#"' 31',#11#1T'' 5 1' .0-"3!#"' ',' )$' $-0+ 2' ,"' $# 230#"' ',$-0+ 2'-,' ',' 2&#' 0# 1' -$' /
#' 31',#11#1' -.#0 2#"' !0-11' 1-+#' 31',#11' $', ,!#Q' 31',#11' 12 023.Q' 2&'02##,' ʚSUʛ' 13 V1#!2-01' ',!*31'4#' -$' + 0)#2',%Q' ;#' + , %#+#,2Q' ,"' "%0'!3*230#Q' f&-*#1 *#' ,"' ##2 '*Q' "+','120 2'-,T'' ,,$-0+ 2'-,' )-++3,'! 2'-,' /#!&,-*-%7Q'  /&#'',20-"3!2'-,'-$' ,'(6.-02#01'3-03+' + ,3$ !230',%Q' )-,1203!2'-,Q' 3--"Q' 2-'+- '*'8#'$'0+1'!300#,2*7'#6.-02',%'2-' (,2#02 ',+#,2Q'"021'')0 $2Q'3 1&'-,Q'(4#,2' #,0-**' ',' ' 1712#+ 2'!' .0-!#11' 2-5 0"1' .* ,,',%Q' .#01-, *' ) 0#Q' .3 *'1&',%Q' ,"' 12 ," 0"'8 2'-,' ,"' !#02'$'! 2'-,T' /5-' ##1# 0!&T' $-03+1' 5#0#' &#*"' "30',%' 2&#' 0#4'#5' ' .#0'-"' $-0' +#+ #01' 2-' '"#,2'$7' )-**#!2'4#*7Q' 2
#' +'!0-' &+ **' !& **#,%#1' ,"'!-,120 ',21'2-'#6.-02',%' +#"'3+' (,2#0.0'1#1' ʚ+&+(1ʛ' .0-4'"#"' ,"' 2-' 1&-02*'12' +#+ #01' $-0' ' #+.*-7+#,2' $-0' TUX' .#01-,1' -$' 5&'!&' SZR' !#02'$'! 2'-,'.0-!#11T'' 5#0#' #+.*-7#"' -,' ' $3**V2'+#' 1'1' 5&'*#'  /&#' + , %#+#,2' -$' ,' ',12'232'-, *' $'$27V1'6'ʚWXʛ'5#0#'#+.*-7#"'-,' '. 02V2'+#' 120#,%2&#,',%' .0-%0 ++#' $-0' %0-' 1'1T' .0-!#11-01' $-!31#"' -,' 3 --"' . 0-!#11',%' '/ #!&,-*-%7'$-0'2&#'1#!2-0Q'',!*31'4#'-$'

83 Barbados Economic and Social Report 2012 IV. Sectoral Performance

$-0+ *' 20 ',',%' ,"' .* ,2' "' %,-1'1' ' /#*#!-++3,'! 2'-,1'5,'2'-$'2&#'+','1207'-$' '+.0-4#+#,2T' (,#0%7' ,"'/#*#!-++3,'! 2'-,1Q'&-12#"'2&#' ' ) 0' # ,' /#*#!-++3,'! 2'-,1' 5,'-,' 7%5/;'(*/#(.#(*(5#&;,.'&);(+('ʚ7(&ʛ' ʚ)/5ʛQ' ,)/' #- "' &&-5T' /&'1' -,#' ʚSʛ' 5##)' ' .0-%0 ++#' -$' ,)/' 0#* 2#"' !2'4'2'#1Q' 5&'!&' $30',%' TRSTQ' 2&#' 7-32&' 5 1'&#*"'','&#.2#+ #0Q'',!*3"#"S' (,20#.0#,#301&'.' &!&#+#' 11'12#"' 2&#' '  !0# 2'-,' -$' #'%&2' ʚZʛ' ,#5' 31',#11#1' 2& 2' ",' ,)/' #6&' '2'-,' -$' .0-"3!21' ,"' %#,#0 2#"' 25#*4#' ʚSTʛ' ,#5' (- 1T' 7(&' *1-' 1#04'!#1R'' .0-4'"#"' !!#11' 2-' $ !'*'2 2#' ',' 2&#'  3-03+1' "'1!311',%' 2-.'!1' 13!&' 1' #6. ,1'-,' -$' 1#4#,27V1#4#,' ʚYYʛ' 31'V 2&#'#12 *'1&+#,2'-$' '*-! *',,2#0,#2' ,#11#1Q' !-,20' 32',%' 2-' 2&#' #+.*-7+#,2' -$' (6!& ,%#' .-',2' ʚ,4.ʛQ' ,)/' #'%&27V25-' ʚZTʛ' .#01-,1T' ,,' ""'2'-,' 7(&' ,,,-4 2'-,' ,"' ,,4#12+#,2Q' ,)/' ',' !-,20' 32#"' 2-' 2&#' %#,#0 2'-,' -$' !$&$TTR' 9-4#0,+#,2 .0'4 2#' &#!2-0Q' )7 #0' +'**'-,' ',' ',!-+#T' %,' 2&#' ! . !'27' &#!30'27' ,"',)/'','("3! 2'-,R'' "#4#*-.+#,2'$0-,2Q'2&#'7-32&'(,20#.0#,#30V  )-++3,'27' -320# !&' 1#+', 01' 1&'.' &!&#+#' .0-4'"#"' !!#11' 2-' $', ,!',%' 2 0%#2',%'3'1�'$-*)' ,"'3 0+#01T' $-0' 1#4#,2##,' ʚSYʛ' !*'#,21' 2-' 2&#' 23,#' -$' ' !$&$SVWQWZYTR[' ,"' 11'12#"' 25#,27V,',#' $30',%' TRSTQ' ',' ,' #$$-02' 2-' 3'*"' ʚT[ʛ' 31',#11#1'5'2&'2#!&,'! *' 11'12 ,!#'',' ! . !'27' ',' 2&#' 0# ' -$' +- '*#' ..*'! 2'-,1' 2&#' +-3,2'-$'!$&$UYQVWXTXYT' "#4#*-.+#,2Q'2&#' *)&/'5'2&'2&#' 11'12 ,!#' ' -$'2&#'5,'4#01'27'-$'2&#'f#12',,"'#1'ʚ5f,ʛ' #5#"-'$(6(-%.+(*/')%++,&&,%*'ʚ#$)ʛ' ) 4#';'**') +.31' ,"'','!-** -0 2'-,'5'2&' ' +'!0-1-$2Q' &-12#"' ' 25-' ʚTʛ' " 7' +- '*#' $30',%' TRSTQ' 2&#' #30 *' $#4#*-.V ..*'! 2'-,1' 5-0)1&-.' $-0' 7-3,%' .#01-,_1' %#"' 1#4#,2##,' ʚSYʛ' 2-' 2&'027' ʚURʛT' /&#' +#,2')-++'11'-,'ʚ#$)ʛ'.0-4'"#"'*- ,1'2-' .0-(#!2' 1-3%&2' 2-' ',20-"3!#' . 02'!'. ,21' 2-' 1'627V2&0##' ʚXUʛ' 31',#11#1' 2-' 2&#' 23,#' -$' 2&#' $3," +#,2 *1' -$' +- '*#' ..1' 5'2&' $WSUQYSUTXTT' ' ,,' ""'2'-,Q' ,',#27V-,#' ʚ[Sʛ' $302�' +#,2-0',%' ,"' %3'"',%'.0-4'"#"'2-' ,#5' (- 1' 5#0#' !0# 2#"' 2&0-3%&' 4 0'-31' 2&#' 123"#,21' 7' 0#1-30!#' .#01-,,#*' -$' 2&#' 11'12 ,!#' .0-%0 ++#1T' /&#' )-++'11'-,' 5f,T'' &#*"' ',3+ #0'-$'5-0)1&-.1Q'1#+', 01' ,"' ' 20 ',',%' -..-023,'2'#1' ',' ,' #$$-02' 2-' /&#' +','1207' -$' )-++#0!#' ,"' $ !'*'2 2#' $302�' 31',#11' !0# 2'-,' 5'2&',' /0 "#Q'2&0-3%&'2&#'*)&/Q' 11'12#"' ',3+ #0' 030 *'!-00'"-01T' -$' $'0+1' ',' 2&#'0' ,)/' .0-(#!2' ' '+.*#+#,2 2'-,1Q' 7' .0-4'"',%' $3,"1T' /&#' ' .0-(#!21' 5#0#' 1#*#!2#"' 1#"' -,' ' 1#2' -$' I. !SCIENCE !AND !TECHNOLOGY ! "#4#*-.#"' !0'2#0' ' ,"' #4 *3 2#"' 7' ' ' !-++'22##' 1#23.' 7' 2&#' *)&/T' /&#' + ',' $30',%' TRSTQ' 2&#' * 2'-, *' )-3,!'*' !0'2#0' ' &-5#4#0' $-0' 2&#' 1#*#!2'-,' -$' 2
#' $-0'&!'#,!#' ,"'/#!&,-*-%7'ʚ*)&/ʛ'!-,2',3V .0-(#!21'5 1'2& 2'2'5#0#' *'%,#"'5'2&'2&#' #"' '21' 5-0)' ',' 0# 1' -$' ',,-4 2'-,Q' ,,$-0V 120 2#%'!' - (#!2'4#1' -$' 2&#' * 2'-, *' ,)/' + 2'-,' ,"' )-++3,'! 2'-,' /#!&,-*-%7' &20 2#%'!' .* ,T' .0-(#!21' $-0' 5&'!&' $', ,!' *' 13..-02' 5 1' .0-4'"#"' ',!*3"#"S' +- '*#' ʚ,)/ʛQ',)/' "4-! !7Q'1!'#,!#' ,"'2#!&,-*-%7' ..*'! 2'-,1R' *-! *' ,'+ 2'-,' 20 ',',%R' ,"' .-.3* 0'8 2'-,' ,"'1!'#,2'$'!'0#1# 0!&T'' #*#!20-,'!' "-!3+#,2' + , %#+#,2' ' ..*'! 2'-,1' +-,%'-2
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84 Barbados Economic and Social Report 2012 IV. Sectoral Performance

1!'#,!#' ,"' 2#!&,-*-%7' ',' 2&#' $-0+' -$' #(&("#);'" *$'$(6(-%.+(*/' *#!230#1' !-3.*#"' 5'2&' 1!'#,2'$'!' ' $30',%'TRSTQ'2&#'*)&/'!-,2',3#"'2-' "#+-,120 2'-,1T' /&#' 123"#,21' 5#0#' *1-' $ !'*'2 2#'0#1# 0!&'',2-'2&#'31#'-$'*-! *'5 12#' ',4-*4#"'','2&#'!0# 2'-,'-$'4 0'-31'1!'#,2'$'!' + 2#0' *1'$-0'2&#'0#.* !#+#,2'-$'&270-$- +T' #6&' '21Q' + )',%' .0#1#,2 2'-,1' 1' 5#**' 1' /&'1' 0#1# 0!&' '1' -,%-',%' 2&0-3%&' 2&#' 4'1'2',%'.* !#1'-$'1!'#,2'$'!'',2#0#12T''"'2 0%#2' 11'12 ,!#' -$' 2&#' ! 0 "-1' ,,4#12+#,2' %0-3.' -$' ,',#27' ʚ[Rʛ' 123"#,21' %#"' 1'6' ʚXʛ' $#4#*-.+#,2' )-0.-0 2'-,' ʚ!,$)ʛ' ,"' 2&#' 2-'#*#4#,'ʚSSʛ'5#0#' !!-++-" 2#"T'' *)&/T' '

85 Barbados Economic and Social Report 2012 V. Social Sector Development

V. !SOCIAL !SECTOR !DEVELOPMENT ! ' A. !EDUCATION !AND !TRAINING !! '!#1' "#!0# 1#"' + 0%', **7' 7' STS' .#0' ' !#,2Q' 0#!#'4',%' $VXTU' +'**'-,' ',' TRST SU' $0-+' 2&#' $VXTZ' +'**'-,' **-! 2#"' ',' %6(#6,(f' TRSS TRSTT' /&#' **-! 2'-,' -$' #6.#,"'230#' ' 2-' 2# !�' 20 ',',%' $-0' 2&#' $', ,!' *' 7# 0' /&#' +','1207' -$' ("3! 2'-,' ,"' TRST TRSU' 5 1' $WTV' +'**'-,T' )#,20 *' ;3+ ,' ##1-30!#' $#4#*-.+#,2' ʚ+(;#$ʛ' ""+','120 2'-,' 0#!#'4#"' $S[TU' +'**'-,Q' ' !-,2',3#"'2-'.* !#'#+.& 1'1'-,'&3+ ,' ,"' "#!0# 1#'-$'TTW'.#0'!#,2'-4#0'2&#'TRSS ST' 1-!' *' ! .'2 *' "#4#*-.+#,2' ',' #"3! 2'-,' $'%30#'-$'$S[TZ'+'**'-,T' 2&0-3%&' 1'%,'$'! ,2' ',4#12+#,2' ',' ' #"3! 2'-,' ,"' 0#* 2#"' 1#04'!#1T' /&#' +','1207' ',' !-** -0 2'-,'5'2&' #"3! 2'-, *' ($5)"/,%*' .#%h()/' ,+.-(+(*/"/,%*' ',12'232'-,1' 2' **'*#4#*1Q'1-3%&2'2-'.0-4'"#' 5*,/'ʚ(.,5ʛ' !-,"3!'4#' *# 0,',%' #,4'0-,+#,21' 2-' ' #,130#' 2&#' ',!3*! 2'-,' -$' ..0-.0' 2#' $30',%' TRSTQ' 2&#' (.,5' !-,2',3#"' ),-5*#"%#Q' 1)'**1Q' ,"' !-+.#2#,!'#1' 2-'13..-02'2&#'"#*'4#07'-$'#"3! 2'-,' !0-11' +-,%' **'*# 0,#01T' ! 0 "-1T',,!*31'4#'-$'!-,20 !21'!-,!*3"#"' ' 3,"#0' 2&#' $'012' .& 1#' -$' 2&#' ("3! 2'-,' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' &#!2-0' (,& ,!#+#,2' .0-%0 ++#' ʚ(&(.ʛQ' "#4#*-.+#,2' -$' #"3! 2'-,' !-,2',3#"' 5'2&' 1'627V25-' ʚXTʛ' !-,20 !21' 4 *3#"' 2' $SW[TZ' 2&#'#6#!32'-,'-$'1#4#0 *'','2' 2'4#1T''/
#' +'**'-,' & "' ##,' 5 0"#"' 2-' !-,20 !2-01' ',!*3"#"S' &3+ ,' ! .'2 *' "#4#*-.+#,2' $-0' 2&'027V$'4#' ʚUWʛ' .0'+ 07' 1!&--*1Q' 2&0-3%&'2# !�'20 ',',%' ,"'-2�'20 ',',%' 25#,27V25-' ʚTTʛ' 1#!-," 07' 1!&--*1' ,"' ','2' 2'4#1R' 2&#' $', ,!',%' -$' 23'2'-,V$0##' $-30'ʚVʛ'.0'4 2#'1!&--*1Q' **'-$'5&'!&'5#0#' #"3! 2'-,' $-0' ! 0 "' ,' 123"#,21' 2' 2&#' !-+.*#2#"T' 5,'4#01'27'-$'2&#'f#12',,"'#1R'2&#'! 0 "-1' ' )-++3,'27')-**#%#' ,"'(0"'12-,'/# !
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86 Barbados Economic and Social Report 2012 V. Social Sector Development

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ʚSYʛ' "+','12#0#"' #$$#!2'4#*7' ,"' #$$'!'#,2*7' 1!&--*1'5#0#' ""0#11#"'','2&#'.0-%0 ++#' 5'2&' ,-' + (-0' 1#!30'27' -0' -2�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h-&,'/&#'! .2'12'!-71'&!&--*' 2';-*"#01' TRSST' ;'**T' ' $30',%' TRSTQ' ) ',#2' %0##"' 2-' 2&#' ' + 0' ' ;-*"#0' +#+-0' *' /0312' ʚ+;+/ʛ' 3,"#02 )',%'$3**'#6#!32'-,'-$'2&#'.0-4'1'-,' .#,+"#7'" *$'&()%*$"#7'(*#%-+(*/&' ' -$' 1'6' ʚXʛ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ʚ.)5ʛ' ,3+ #0'-$'! 0 "' ,'123"#,21'#,0-**#"'',' ' ' 3,"#0%0 "3 2#Q' .-12%0 "3 2#' ,"' "'.*-+ ' ,,' TRSTQ' 2&#' 9-4#0,+#,2' -$' !-301#1'',!0# 1#"' 7'SZS'-0'TTX'.#0'!#,2'2-' ! 0 "-1' 2&0-3%&' 2&#' +','1207' -$' YQSYRT'%$'2&'1'$'%30#Q'TQT[X'5#0#'+ *#1' ,"' ("3! 2'-,' ,"' ;3+ ,' ##1-30!#' VQZYV' $#+ *#1T' ' &23"#,21' #,0-**#"' ',' $#4#*-.+#,2' 5'2&' 2&#' 11'12 ,!#' -$' 2&#' ! 0 "-1')-++3,'27')-**#%#'',!0# 1#"' 7' ,,2#0V"+#0'! ,' $#4#*-.+#,2' ! ,)' URU'-0'YT['.#0'!#,2'2-'VQSUVT''%$'2&'1'$'%30#Q'

87 Barbados Economic and Social Report 2012 V. Social Sector Development

SQSZS'5#0#'+ *#1' ,"'TQ[WU'5#0#'$#+ *#1T'' 2-2 *' ,3+ #0' -$' 123"#,21' #,0-**#"T' /&'1' (0"'12-,' #,*'12#"' T[R' 123"#,21' ',' $ !3*27' 0#!-0"#"' XVTS' .#0' !#,2' -$' 2&#' TRSS TRSTQ'-$'5&'!&'1'627V#'%&2'ʚXZʛ'5#0#' -4#0 **'2-2 *',3+ #0'-$'! 0 "' ,'123"#,21' + *#1' ,"' TRT' 5#0#' $#+ *#1T' ,,' !-,20 12Q' ʚXQVVYʛ' #,0-**#"' 2' 2&#' 5,'4#01'27' -$' 2&#' #,0-*+#,2' 2'2&#'& +3#*'h !)+ ,'.0#1!-"' f#12' ,,"'#1' "30',%' 2&#' 0#4'#5' .#0'-"T' .-*72#!&,'!' ʚ&h..ʛ' ',!0# 1#"' 7' SVR' ;3+ ,'2'#1' #,0-**#"' ' 2-2 *' -$' [ZW' 123"#,21'','TRSS TRSTQ'5�#'2�#'5#0#' 123"#,21Q' ' "#!0# 1#' -$' STX' .#0' !#,2Q' SQWSV'+ *#1'!-+. 0#"'5'2&'SQUYT'$#+ *#1T''' !-+.0'1',%' YTV' $#+ *#1' ʚYUTW' .#0' !#,2ʛ' ' ,"' TXS' + *#1' ʚTXTW' .#0' !#,2ʛT' /&'1' !"#!"$,"*' &/5$(*/&' (*#%--($' " /' / ;(' #,0-*+#,2'$'%30#'0#$*#!2#"'SWTU'.#0'!#,2'-$' 5*,6(#&,/7' % 3' / ;(' f(&/' ,*$,(&' ! 7' 2&#'-4#0 **'2-2 *'#,0-*+#,2'-$'123"#,21'$-0' 3")5-/7'TRSS TRST' 2&#' ! "#+'!' 7# 0T' ' &!'#,!#' ,"' ' /#!&,-*-%7Q'0#!-0"#"' '2-2 *'#,0-*+#,2'-$' /&#' $ !3*27' -$' &-!' *' &!'#,!#1' [ZV' ! 0 "' ,' 123"#,21Q' - 5' SY[Q' ,"' #,0-**#"' ' 2-2 *' -$' VQSUS' ! 0 "' ,' +#"'!',#' ,"'##1# 0!&'SXZT'%$'2
#'2-2 *1Q' 123"#,21Q' ,' ',!0# 1#' -$' STU' .#0' !#,2' -0' 2&#'$#+ *#1'"-+', 2#"'2&#'0 2'-'-$'+ *#'2-' ʚWVʛ' 123"#,21T' ' 3#+ *#1' #,0-**#"' 5#0#' $#+ *#' #,0-*+#,2' #6!#.2' $-0' &!'#,!#' ,"' TQ[YT'-0'YST['.#0'!#,2' ,"'+ *#1'#,0-**#"' /#!&,-*-%7'5�#'2�#'5#0#'WUY'+ *#1'2-' 5#0#'SQSW['-0'TZTS'.#0'!#,2'-$'2&#'-4#0 **' VVY'$#+ *#1'#,0-**#"T' ' Table 5.1-2 Tertiary Enrolments 2009/10 – 2011/12 2009/2010 2010/2011 2011/2012 Institution Male Female Total Male Female Total Male Female Total UWI Undergraduates 1,995 4,150 6,145 2,044 4,276 6,320 2,055 4,392 6,447 Postgraduates 217 394 611 229 440 669 241 482 723 Total 2,212 4,544 6,756 2,273 4,716 6,989 2,296 4,874 7,170 BCC 1,484 3,378 4,862 1,086 R 2,747R 3,831R 1,181 2,953 4,134

SJPP 1,380 1,270 2,650 1,327R 1,419R 2,746R 1,514 1,372 2,886

Erdiston 60 202 262 97 62 259 68 222 290 SOURCE : Ministry of Education and Human Resource Development ' Table 5.1-3 Barbadian Students Enrolled at UWI by Faculty 2010/11 – 2011/12 2010/11 2011/12 Faculty Male Female Total Male Female Total Social Sciences 1,189 2,888 4,077 1,159 2,972 4,131 Science & Technology 520 422 942 537 447 984 Medicine & Research 32 109 141 42 126 168 Law 48 111 159 56 123 179 Humanities 255 746 1,001 261 724 985 Total 2,044 4,276 6,320 2,055 4,392 6,447 SOURCE: Ministry of Education and Human Resource Development ' '

88 Barbados Economic and Social Report 2012 V. Social Sector Development

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89 Barbados Economic and Social Report 2012 V. Social Sector Development

$#+ *#1T' ' /&#' 0#1'"#,2' *' ! +.' !-,!*3"#"' 5,'4#01'27'-$'-'4#0.--*Q'f *"#,'5,'4#01'27' ','$#!#+ #0'TRSTT' ' ,"' 2&#' 9*'-,' ,,12'232#' -$' + , %#+#,2ʛ' ' 5&'!&' **-51'123"#,21'2-'.3013#' "4 ,!#"' 7%5/;'$(6(-%.+(*/'.#%9#"++(' 123"'#1' 5&'*#' 0#+ ',',%' ',' ! 0 "-1T' ' ,,' ' TRSTQ'!,+"._1'!-,20 !2'5'2&'2&#'5,'4#01'27' ,,'TRSTQ'1#4#,'ʚYʛ'!-++3,'27' ,"' -$'&300#7'#,"#"T''' $-302##,' ʚSVʛ' ;,6 ",$&' .0-(#!21' 5#0#' ' '+.*#+#,2#"T' ' 3'$27V1#4#,' ʚWYʛ' ;,6 ",$&' !"#!"$%&'6%)"/,%*"-'/#",*,*9'!%"#$' 5-0)1&-.1' 5#0#' $ !'*'2 2#"' ,"' XRR' ' .#01-,1' 0#%'12#0#"' $-0' 2&#' )-++3,'27' + *#1' !-,2',3#"' 2-' "-+', 2#' &.-021'/0 ',',%'.0-%0 ++#T' #,0-*+#,2' ',' 2&#' +-0#' 20 "'2'-, *' + *#' ' -0'#,2#"' 1)'**V20 ',',%' .0-%0 ++#1T' /
#' !"#!"$%&',*&/,/5/('% 3'+"*"9(+(*/'" *$' ',!*3"#"' "32-+-2'4#' /0 "#Q' + !&',#' ,"' .#%$5)/,6,/7'ʚ!,+".ʛ' "..*' ,!#Q' ,"'2&#'-2�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�#' 5 1' 2&#' #12 *'1&+#,2' ',!0# 1#' -$' STV' .#0' !#,2' 5&#,' !-+. 0#"' -$' ',#5' . 02,#01&'.' #25##,'!,+".' ,"' 5'2&'TRSST' 2&#' - 30# 2#' 90-3.' ʚ!-+.0'1',%' 2&#' ' Table 5.1-4 Barbados Vocational Training Board Skilled Manpower 2011/12 Enrolment Output Skills Male Female Total Male Female Total Agricultural 20 13 33 2 8 10 Apparel / Sewn Product 2 82 84 2 82 84 Art / Craft 6 52 58 6 52 58 Automotive Trade 173 7 180 174 9 183 Beauty care and Services 22 243 265 22 235 257 Commercial 3 13 16 2 26 28 Hospitality 76 201 277 79 186 265 Information Technology 45 68 113 68 82 150 Machine Appliance 14 2 16 12 0 12 Other 568 86 654 516 79 595 All Skills Programme 929 767 1,696 883 759 1,642 SOURCE: Barbados Vocational Training Board ' ' &/5$(*/'#(6%-6,*9'-%"*'&);(+(' !-+. 0#"'5'2&'2&#'TRSR SS'2-2 *'-$'UWVT'"' ' 2-2 *' -$' 2&0##' &3,"0#"' ,"' 2&'027V2&0##' /�#'5#0#'UW['*- ,' ..*'! ,21'',' ʚUUUʛ'5#0#' ..0-4#"T''%$'2&#'2-2 *',3+ #0' TRSS STQ' ,' ',!0# 1#' -$' $'4#' ʚWʛ' .#01-,1' -$' *- ,' ..*'! 2'-,1Q' [TTZ' .#0' !#,2' 5#0#'

90 Barbados Economic and Social Report 2012 V. Social Sector Development

..0-4#"'','!-+. 0'1-,'5'2&'[XTU'.#0'!#,2' /&#'* 2'-, *'.0'+ 07'+ 2&#+ 2'!1' ','TRSR SSQ' '"#!0# 1#'-$'UTW'.#0'!#,2T' 6-! 3* 07' !--)*#2' 5 1' !-+.*#2#"' ,"' ' . 02,#01&'.1' #25##,' 1!&--*1' ,"' 1 4',%' Table 5.1.1 ',12'232'-,1' 5#0#' *1-' 13!!#11$3**7' $-0%#"T'' Student Revolving Loan Scheme %$$'!#01' #,% %#"' ',' "'1!311'-,' ,"' 2008/2009 – 2011/2012 .* ,,',%' 5'2&' *-! *Q' 0#%'-, *' ,"' Loan Loans Loans Year ',2#0, 2'-, *' ',12'232'-,1' -,' ','2' 2'4#1' Appilcations Revised Approved ',!*3"',%Q' 0#!-++#," 2'-,1' $-0' ' 2008/2009 360 316 301 )"#,)%+' ##%'-, *' /6(/' &20 2#%7' $-0' 5-0)$-0!#' "#4#*-.+#,2' ,"' #!-,-+'!' 2009/2010 365 291 279 !-+.#2'2'4#,#11Q' !2'4'2'#1' 2-' #' ',!*3"#"' ',' ' 2#62' -,' $ +#' *'2 ' ! 00-5Q' ,"' 2&#' 2010/2011 354 348 341 !0# 2'-,' -$' ' ) 0' # ,' &#!-," 07' 2011/2012 359 350 333 (6 +', 2'-,1' )#02'$'! 2#' ʚ)&()ʛ' + 2&#+ 2'!1'5# 1'2#'T''' SOURCE: Ministry of Education and Human ' Resource Development )"#,!!("*' )(#/,3,)"/(' %3' &()%*$"#7' ' -(6(-' )%+.(/(*)(' ʚ))&-)ʛ' &);%%-'+("-&'$(."#/+(*/' ' ' $30',%'TRSTQ'2�#'5 1' '0#4'#5'-$' $30',%' TRSTQ' ' 2-2 *' -$' VQ[ZWQYR[' 17** 31#1' 2-' *'%,' 5'2&' )4)' +-"3* 0' +# *1'5#0#'.0#. 0#"' ,"'"'120' 32#"'5'2&' $-0+ 2T' ' """'2'-, **7Q' !0'2'! *' *'2#0 230#Q' ,-' ',!'"#,!#' #',%' 0#!-0"#"T' ' &!&--*' %0 ++ 0' ,"'!-+.0#&#,1'-,'- (#!2'4#1'2-' *3,!
' 5#0#' "'120' 32#"' 2-' ,301#07Q' )4)' $-0' ',!*31'-,' ',' 2&#' ))-&)' (,%*'1&' .0'+ 07' ,"' 2'0'1)'123"#,21'','1-+#'-$'2&#' 17** 31'5#0#''"#,2'$'#"T'' 1#!-," 07' 1!&--*1T' ' """'2'-, **7Q' 0#. '01' ' 5#0#'"-,#' 2'$-30'ʚVʛ'!#,20#1R'25#,27V25-' )"#,!!("*' (4"+,*"/,%*&' )%5*),-' ʚ)4)ʛ' ʚTTʛ' -$$'!#01' ʚ "+','120 2'4#' ,"' ' 13.#04'1-07ʛ'0#!#'4#"'!#02'$'! 2'-,'','3'012' ,,' TRSTQ' -0'#,2 2'-,' ,"' "'"' ).#' 5&'*#' (,4'0-,+#,2 *' ;# *2&' 12 ," 0"'8 2'-,' 5-0)1&-.1' 5#0#' &#*"T'' %$$'!#01' !-,"3!2#"' 20 ',',%' ',' ! 1'!' 3--"' ($$-021' 5#0#' ','2' 2#"' 2-' 0#%3* 0'8#' 2&#' & $#27' $-0' 2&'027V1#4#,' ʚUYʛ' -$$'!#01T'' "..0-6'+ 2#*7' SXQVTS' 123"#,21' $0-+' !-,"3!2' -$' #6 +', 2'-,1' ',' )&()' /&# 20#' ,301#07' ,"' .0'+ 07' 1!&--*1' . 02'!'. 2#"' "021T' ' "*1-Q' 25#,27V$-30' ʚTVʛ' .0'4 2#' ','2&#'1!&--*'+'*)'.0-%0 +T' ! ,"'" 2#1' $-0' ) 0' # ,' &#!-," 07' ' (6 +', 2'-,1' )#02'$'! 2#' .&71'! *' ("3! 2'-,'ʚ)&()'.(ʛ'5#0#'$ !'*'2 2#"' ,"' ' )5##,)5-5+'" *$'"&&(&&&+(*/' )4)' %0'#,2 2'-,' ,"' &!&--*' ! 1#"' ' $30',%' 2&#' 0#4'#5' .#0'-"Q' -,#' "11#11+#,2' ʚ&!"ʛ' 5-0)1&-.1' 5#0#' &#*"' 2# !�' $0-+' ; 00'1-,' )-**#%#' 5 1' $-0'2# !
'"#*'4#0',%'2&#')&()'.('!-301#' 11'%,#"'2-' '1!&--*'','93 "#*-3.#' ,"'2&#' $-0'2&#'$'012'2'+#T''&!"1'$-0')&()'(*#!20-,'!' .0-.-1 *' $-0' * 2'-, *' + 2&#+ 2'!1' ,"' $-!3+#,2' .0#. 0 2'-,' ,"' + , %#+#,2' *3+#0 !7'.-*'!7'5 1'13 +'22#"T''/&#'h3+.' 5#0#'"#4#*-.#"T' #-.#'(6&' '2'-,'5 1'&#*"'"30',%'2&#'TRST' ' *".&")' 3', *1T' ' "*1-Q' ,' , *71'1' -$' )"#,!!("*' 6%)"/,%*"-' i5"-,3,)"/,%*&' 13++ 2'4#' 11#11+#,2' ',1203+#,21' ',' ʚ)6iʛ' 1!'#,!#' 5'2&' ' 1 +.*#' -$' $'$2##,' .0'+ 07' ' 1!&--*1' 5 1' !-,"3!2#"T' ' "' 0#4'#5' 5 1' $30',%' TRSTQ' )6i1' 5#0#' -$$'!' **7' !-,"3!2#"' -,' ' 1 +.*#' -$' #,"' -$' 7# 0' * 3,!&#"T' /5#,27V$-30' ʚTVʛ' 2# !
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91 Barbados Economic and Social Report 2012 V. Social Sector Development

.-02$-*'-1' 2-5 0"1' !#02'$'! 2'-,' 1' -#4#*' " 2 ' 5 1' !-+.*#2#"' 2-' ',$-0+' $3230#' 3-30'"11#11-01T'/5#*4#'ʚSTʛ'.#01-,1'5#0#' "#4#*-.+#,21' ,"' 1.#!'+#,' . .#01' 5#0#' 20 ',#"' 1' )6i' )--0"', 2-01' $-0' 1!&--*1' "#4#*-.#"' ,"'"'120' 32#"T' 5&'*#' $-30' ʚVʛ' 1!&--*1' 5#0#' !#02'$'#"' 1' ' )6i' !#,20#1T' ' .& 1#' T' -$' 2&#' )6i' *"/,%*"-' .%-,)7'%*' #("$,*9 ' .0-%0 ++#'5 1''+.*#+#,2#"' 2' #'%&2' ʚZʛ' ' 1!&--*1'-,'2-.'-$'5&'!&Q' '2-2 *'-$'25#,27V $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' #'%&2' ʚTZʛ' 11#11-01' ,"' ',1203!2-01' 5#0#' (4 *3 2'-,'##.-02'-,'2&#'$71*#6' '&#+', 0' ',4-*4#"' ',' $'4#' ʚWʛ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
' !-.'#1' -$' 2&#' "*.& ' 2-' %+#% ' /# !�' ',')6i'.0-%0 ++#1T''/&#'$'012'1#2'-$')6i' ##1-30!#' /#62' ,"' &23"#,2' f-0) --)' 11#11+#,21' 5#0#' !-+.*#2#"' 5'2&' 2&'027' 5#0#' .30!& 1#"R' ,' ("3! 2'-,' %$$'!#0' ʚURʛ' 123"#,21' 11#11#"' ,"' 25#*4#' ʚSTʛ' ʚ## "',%ʛ' 22#,"#"' 2&#' 2&'0"' )"#,)%+' 123"#,21' 5 '2',%' 5 0"' -$' 3,'21' 2' 2&#' -'2#0 !7' &304#7' f-0)1&-.R' 2&#' * 2'-, *' $ 07**'h-0" ,'&#!-," 07'&!&--*T' )-++'22##' $-0' ""3*2' ("3! 2'-,' ,"' ' -'2#0 !7'5 1'!-,12'232#"' ,"'2&#'/#0+1'-$' )5-/5#"-'"*$' ;,&/%#,)"-' (4.%&5#('3%#' 0#$#0#,!#'$-0'2&#'!-++'22##' 5#0#' "0 $2#"T'' [,$&',*' &);%%-' ʚ);([&ʛ' "2'2&#'',4'2 2'-,'-$'."#($%&Q' ,'("3! 2'-,' ' %$$'!#0' ʚ## "',%ʛ' . 02'!'. 2#"' ',' ' $30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' "'1!311'-,' -,' 2&#' 2-.'!' b;-5' ) ,' . 0#,21' 2&#' );([&' .0-%0 ++#' !-,2',3#"' 2' #'%&2' ,"') 0#%'4#01'&3..-02')&'*"0#,_1'-'2#0 !7' ʚZʛ'1!&--*1'5'2&'2&0##'&3,"0#"' ,"'25#,27' $#4#*-.+#,2' 2' ;-+#cT' ' /&#' "'1!311'-,' ʚUTRʛ' 123"#,21T' /&#' .0-%0 ++#' 5 1' 5 1'0#!-0"#"'$-0'0 "'-' 0- "! 12T' -$$#0#"' "30',%' &3++#0' &!&--*' 2' 2&#' ' .0'+ 07'1!&--*'*#4#*T''",'("3! 2'-,'%$$'!#0' &);%%-&' ,*$5&/#,"-' "#/& Q' )#"3/' "*$' ʚ"11#11+#,2' .0'+ 07ʛ' 5 1' 11'%,#"' /();*%-%97' (4;,!,/,%*' ʚ&),")/ʛ' 0#1.-,1' '*'27' $-0' 11'12',%' 2&#' 232-01' ',' ' 2& 2' .0-%0 ++#' 5'2&' ʚ'ʛ' -32*',',%' ' ,,' TRSTQ' 2&#' &!&--*1' ,,"3120' *' 17** 31Q' ʚ''ʛ' "#4#*-.',%' ..0-.0' 2#' "021Q')0 $2' ,"' /#!&,-*-%7' (6&' '2'-,'5 1' 11#11+#,2' ',1203+#,21' $-0' # !&' &#*"' 2' "%0-$#12' 5'2&' ' 2-2 *' -$' ,',#' ʚ[ʛ' !-+.-,#,2'5'2&','2&#'.0-%0 ++#''1-'2& 2' 1!&--*1' *-,%' 5'2&' &h..' 13 +'22',%' '2#+1' 0#.-021' -,' 123"#,2' .#0$-0+ ,!#' + 7' #' $-0' 2&#' #6&' '2'-,T' %4#0' SUR' '2#+1' 5#0#' 4 *'"Q' ,"' ʚ'''ʛ' 0#4'#5',%' 2&#' #4 *3 2'-,' #6&' '2#"' ',!*3"',%' 5-0)' ',' +#2 *' 5-0)Q' $-0+' 5&'!&' .0',!'. *1' 0#' 0#/3'0#"' 2-' 5--"' 5-0)Q' 1)#207Q' 0!&'2#!230 *' !-+.*#2#' # !&' 7# 0T' /&#' "-!3+#,21' 5#0#' "0 5',%1Q' 3'*"',%' !-,1203!2'-,Q' 2#62'*#1Q' .'*-2#"'"30',%'/#0+','ʚTRST''TRSUʛT' 1)#207' ,"' 0#!7!*#"' + 2#0' *1T' ' /&#' ' &),")/' & 1' ##,' 0#, +#"' &!&--*1' )0 $2' *"/,%*"-' "&&(&&+(*/&' ,*' &),(*)(' "*$' ,"' ,,"3120' *' /#!&,-*-%7' (6&' '2'-,' &%),"-' &/5$,(& ' ʚ&),/(4ʛT' ' ' $30',%' TRSTQ' . .#01' 5#0#' 7%5/;'+",*&/#("+,*9'.#%9#"+' "#4#*-.#"' $-0'31#'',' '$'#*"'2#12' ,"'%0'"1' ' 5#0#' "#1'%,#"' $-0' 0#!-0"',%' 123"#,2' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' .#0$-0+ ,!#T'',,' ""'2'-,Q'$'#*"'2#12',%'5 1' 7-32&' + ',120# +',%' .0-%0 ++',%' ! 00'#"'-32' 2' '1 +.*#'-$'1!&--*1R' '.'*-2' !&'#4#"' + ,7' -$' '21' - (#!2'4#1T' /&0-3%&' 5 1'!-,"3!2#"' 2' **'1!&--*1R' ,' , *71'1'-$' '21'("3! 2'-,'.0-%0 ++#' 2'2&#';-1.'2 *'27'

92 Barbados Economic and Social Report 2012 V. Social Sector Development

,,12'232#' -$' 2&#' ! 0 "-1' )-++3,'27' *"/,%*"-'&5++(#')"+.'.#%9#"++(' )-**#%#' ʚ!))ʛQ' $-027V1#4#,' ʚVYʛ' 123"#,21' ' !-+.*#2#"' 2&#' !-301#' ',' ! 1'!' /0 "#' /&#' * 2'-, *' &3++#0' ) +.' )--)#07Q' 2&'027V1'6' ʚUXʛ' !-+.*#2#"' 2&#' .0-%0 ++#' ʚ*&).ʛ' 0#.0#1#,21' 2&#' !-301#'','30-,2'%$$'!#Q';-2#*'##!#.2'-,' ,"' .0-%0 ++#' -$'2&#' 9-4#0,+#,2'2-'.0-4'"#' & *#1' .0-!#"30#1' ,"' 2&'027V$'4#' ʚUWʛ' 2&0-3%&'#,*'%&2#,#"'3,'4#01 *'1-!' *'.-*'!7' 123"#,21' !-+.*#2#"' ' !-301#' ',' ! 0' .0-4'1'-,1Q' '"#4#*-.+#,2 *'.0-%0 ++#'-$' %.#0 2'-,1T' ' "*1-Q' 2&#' $'%'2 *' 3'*+' +#"' ' ! 0#' ,"' .0-2#!2'-,' 2& 2' ! 2#01' 2-' 2&#' .0-%0 ++#'!-++#,!#"T''3'4#'ʚWʛ'.#01-,1' ,##"1'-$'!&'*"0#,'','2&#'V'VSW' %#'!-&-021T' 5#0#' !!#.2#"' ',2-' 2&#' (,"*#11' ' .-11' '*'2'#1'h- '"22 !&+#,2'.0-%0 ++#T''' /&#' .0-%0 ++#' 2&0-3%&' '21' 5'"#' ' 0 ,%',%' !300'!3*3+' ! 2#01' 2-' .#01-, *' ,,' ""'2'-,Q' SUV' 123"#,21' "#4#*-.+#,2',##"1'5&'*#'+##2',%', 2'-, *' !-+.*#2#"' 123"'#1' 2' 2&#' & +3#*' h !)+ ,' '+.#0 2'4#1T' ' /&#' .0-%0 ++#' +312' #' .0#1!-"' .-*72#!&,'!' ʚ&h..ʛ' ',' "'1!'.*',#1' !-,1'"#0#"' ,-2' -,*7' 1' ' +-"#*' $-0' #12' 13!&' 1'* '*') 0#'ʚTXʛQ') )#' ,"'. 1207' ,"' .0 !2'!#' 1' '2' +##21' +','+3+' 12 ," 0"1' ) 0#' -$' 2&#' %*"#0' ""3*2' ʚS[ʛQ' ) )#' ,"' 0#/3'0#+#,21' $-0' +-,'2-0',%' ,"' . 1207' ,"' )-+.32#0' ##. '01' ʚSYʛQ' #4 *3 2'-,' 32' *1-' #! 31#''2''1'!-,1'12#,2' "32- -"7' ##. '01' ʚSXʛQ' (*#!20'! *' 5'2&'2&#'.0-2#!2'-,'-$'2&#'0'%&21'#+ -"'#"' ,,12 ** 2'-,'ʚSUʛ' ,"')--)#07'ʚYʛT' ','2&#')-,4#,2'-,'-$'2&#'#'%&21'-$'2&#')&'*"T' ' ' 7%5/;'(*/#(.#(*(5#,"-'&);(+('ʚ7(&ʛ' /&#' 5'"#' 0 ,%',%' !300'!3*3+' ,"' ' 1!&#"3*#' -$' !2'4'2'#1' $-0' *&).' 0#' $30',%' TRSTQ' 2&#' 7-32&' 0#$*#!2'4#' ',' 2&#' '+.#0 2'4#1' $-0' , 2'-, *' (,20#.0#,#30' *' &!&#+#' ʚ7(&ʛ' .0-4'"#"' "#4#*-.+#,2' 02'!3* 2#"' ',' /&#' * 2'-, *' 31',#11' !-3,1#*',%' ,"' +#,2-0',%Q' 7-32&'.-*'!7'-$'! 0 "-1'TRSST'' #,20#.0#,#30' *' "#4#*-.+#,2' 20 ',',%Q' ' "'0#!2' 2#!&,'! *' 11'12 ,!#' ,"' !!#11' 2-' $30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' $', ,!' *' 11'12 ,!#T' ,2' &-5#4#0' 2�#' 5#0#' 1'627V,',#' ʚX[ʛ' ! +.1T' ' /&'1' #,!-3,2#0#"' !& **#,%#1' 5'2&' !*'#,21' 0#.0#1#,2#"' ,' ',!0# 1#' -$' 25-' ʚTʛ' 5&#,' 1##)',%' 2-' !!#11' "#/3 2#' $', ,!',%' 2-' !-+. 0#"' 5'2&' 1'627V1#4#,' ʚXYʛ' 0#!-0"#"' !/3'0#'2&#'2#!&,'! *' 11'12 ,!#Q' ,"'12 02V ',' 2&#' .0#4'-31' 7# 0T' ' /&#' ,3+ #0' -$' 3.' ! .'2 *' 2& 2' '1' ,#!#11 07' ',' ' 2'+#*7' ! +.#01' *1-'',!0# 1#"' 7'S[TZ'.#0'!#,2'-0' + ,,#0T' 3302�+-0#Q' 2&#' !& **#,%#' -$' TQRXW' 2-' 0#!-0"' STQWRR' ! +.#01' 5&#,' *'+'2#"' &3+ ,' ,"' $', ,!' *' 0#1-30!#1' 2-' !-+. 0#"' 5'2&' SRQVUW' ! +.#01' 0#!-0"#"' $3*$'**' '21' + ," 2#' ,"' %0-52&' .-2#,2' *' ','2&#'.0#4'-31'7# 0T' 5 1' *1-'#,!-3,2#0#"T'' ' ' &);%-"#&;,.&'" *$'(4;,!,/,%*&' /&#'7-32&'(,20#.0#,#30' *'&!&#+#' ' *1-' 11'12#"' ',' 2&#' !0# 2'-,' -$' #'%&2' ʚZʛ' "! "#+'!' !&'#4#+#,21' $-0' 2&#' ,#5' 31',#11#1T' ,,' ""'2'-,Q' .0-4'"#"' 7# 0'TRST'5#0#'25#,27V$-30'ʚTVʛ'! 0 "-1' !!-3,2',%' 1#04'!#1' 2-' ,',#2##,' ʚS[ʛ' &!&-* 01&'.1Q' $'$2##,' ʚSWʛ' (6&' '2'-,1Q' ,"' 31',#11#1Q' + 0)#2',%' 1#04'!#1' 2-' 25#,27V2&0##' ʚTUʛ' * 2'-, *' $#4#*-.+#,2' 1#4#,2##,' ʚSYʛ' 31',#11#1Q' !!#11' 2-' &!&-* 01&'.1T' "#/3 2#' # 0*7V12 %#' 20 "'2'-, *' ,"' ,-,V ' 20 "'2'-, *' 1-30!#1' -$' $', ,!',%' $-0' ' 1#4#,2##,' ʚSYʛ' !*'#,21' ,"' .0-4'"#"' B. !POPULATION !! .#01-, *' "#4#*-.+#,2' ,"' 31',#11' ' + , %#+#,2'20 ',',%'$-0'STS'!*'#,21'3,"#0' /&#' 0#1'"#,2' .-.3* 2'-,' 5 1' 7(&' (,20#.0#,#30' *' $#4#*-.+#,2' #12'+ 2#"' 2' TYYTR' 2&-31 ,"' .#01-,1' 2' /0 ',',%T' $#!#+ #0' USQ' TRSTT' /&'1' 0#.0#1#,2#"' ,'

93 Barbados Economic and Social Report 2012 V. Social Sector Development

',!0# 1#' -$' TRR' .#01-,1' 5&#,' !-+. 0#"' ',' TRSST' ' /&#' , 230 *' ',!0# 1#' ',' 5'2&'TYXTZ' 2&-31 ,"' ','2&#' .0#4'-31'7# 0T' .-.3* 2'-,Q'ʚ2&#'"'$$#0#,!#' #25##,' '02&1' /�#' 5#0#' SUVTU' 2&-31 ,"' + *#1' ,"' "# 2&1ʛQ' 5 1' YZT' .#01-,1' !-+. 0#"' !-+. 0#"' 5'2&' SUVTS' 2&-31 ,"' + *#1' ',' 5'2&'ZXT'$-0'TRSST' TRSST' 3#+ *#1' !!-3,2#"' $-0' SVTTY' ' 2&-31 ,"Q'-0' WSTW' .#0'!#,2'-$'2&#' 0#1'"#,2' ,,' TRSTQ' 2&#' "# 2&' 0 2#' "#!0# 1#"' 2-' .-.3* 2'-,T' ZTY' .#0' 2&-31 ,"' -$' 2&#' .-.3* 2'-,' ' !-+. 0#"' 5'2&' ZTZ' .#0' 2&-31 ,"' ',' TRSST' /&#' '02&' 0 2#' $-0' TRST' "#!*',#"' 2-' /�#' 5#0#' TQVRU' "# 2&1' 0#!-0"#"' 2' 2&#' SSTW'.#0'2&-31 ,"'$0-+'SSTZ'.#0'2&-31 ,"' #,"' -$' TRSTQ' 0#.0#1#,2',%' ' "#!0# 1#' -$' 2&#' .0#4'-31' 7# 0T' /�#' 5#0#' UQSZW' *'4#' #'%&2##,' ʚSZʛ' 5&#,' + 2!&#"' 5'2&' 2&#' '02&1'','TRST'!-+. 0#"'5'2&'UQTZU'','2&#' TQVTS' "# 2&1' 0#!-0"#"' ',' TRSST' + *#' .0#4'-31' 7# 0T' + *#' '02&1' 5#0#' SQXVU' "# 2&1' !!-3,2#"'$-0'SQSYY'ʚV[TS'.#0'!#,2' !-+. 0#"'5'2&'SQXZY'','TRSSQ'5&'*#'2�#' -$'2-2 *'"# 2&1ʛR'$#+ *#'"# 2&1'5#0#'SQTTRT' 5#0#' SQWUZ' $#+ *#' '02&1' !-+. 0#"' 5'2&' ' SQW[X'','TRSST' ,,$ ,2'+-02 *'27'"#!*',#"'','TRST' ,"' ' 5 1' 0#!-0"#"' 2' ' 0 2#' -$' SSTR' .#0' /&#' 0 2#' -$' .-.3* 2'-,' %0-52&' 2&-31 ,"' '02&1' !-+. 0#"' 5'2&' SUTY' .#0' "#!*',#"'2-'RTS'.#0'!#,2'','TRST'$0-+'RTT'',' 2&-31 ,"' ',' TRSST' /�#' 5#0#' 2&'027V$'4#' TRSST'/&#'0 2#'-$', 230 *'',!0# 1#'"#!*',#"' ʚUWʛ' ',$ ,2' "# 2&1Q' 2#,' ʚSRʛ' *#11' 2& ,' 2&#' 2-'TTZ'.#0'2&-31 ,"'$0-+'UTR'.#0'2&-31 ,"' .0#4'-31'7# 0T' ' Table 5.2-1 Births, Deaths and Infant Mortality 1994- 2012 Live No. of Natural Infant Year No. of Deaths Births Increase Mortality 1994 3547 2291 1256 30 1995 3473 2481 992 46 1996 3519 2400 1119 50 1997 3784 2297 1487 50 1998 3612 2471 1141 28 1999 3882 2428 1454 39 2000 3762 2430 1332 63 2001 4051 2407 1644 66 2002 3812 2295 1517 55 2003 3748 2274 1474 37 2004 3473 2424 1049 64 2005 3508 2162 1346 29 2006 3414 2317 1097 38 2007 3537 2213 1324 46 2008 3547 2476 1071 65 2009P 3550 2419 1131 31 2010P 3366 2195 1171 34 2011P 3283 2421 862 45 2012P 3185 2403 782 35

SOURCE : Barbados Statistical Service Figures are collected as registration occurs ' '

94 Barbados Economic and Social Report 2012 V. Social Sector Development

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95 Barbados Economic and Social Report 2012 V. Social Sector Development

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96 Barbados Economic and Social Report 2012 V. Social Sector Development

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97 Barbados Economic and Social Report 2012 V. Social Sector Development

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98 Barbados Economic and Social Report 2012 V. Social Sector Development

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99 Barbados Economic and Social Report 2012 V. Social Sector Development

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100 Barbados Economic and Social Report 2012 V. Social Sector Development

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101 Barbados Economic and Social Report 2012 V. Social Sector Development

$3,!2'-,1' !-,2',3#"' 2-' #' "0'4#,' 7' 2&#' 3-0' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' 2&#' ,##"' 2-' '+.*#+#,2' ' $'1!& 0%#' .* ,,',%' ;,6 ",$&' .0-%0 ++#' !-,2',3#"' 2-' + )#' .-*'!7' ,"' 120#,%2&#,' 0'1)' + , %#+#,2' .0-%0#11' ',' '21' #6. ,1'-,' -$' ;,6 &/,' $3,!2'-,1' ,"' 1#04'!#1T' "' "'1!& 0%#' 1#04'!#1T' /�#' 0#' 25-' ʚTʛ' 12##0',%' .* ,,',%' !-++'22##' 5 1' !-,4#,#"' 2-' !-++'22##1' 5&'!&' %-4#0,' 2&#' 0#4'#5' ,"' ""0#11' 2&#' .0-!#11' $-0' "#!#,20 *'8 2'-,' .0-!#11' -$' ;,6' 1#04'!#1S' "+'11'-,1' ,"' "'1!& 0%#1' $0-+' 2&#' 2&#'"3"'2' ,"'%4#01'%&2')-++'22##' ,"'2&#' &-1.'2 *' ',2-' 2&#' !-++3,'27T' /-' " 2#Q' ;,6' "!2'-,' .* ,' ,+.*#+#,2 2'-,' ,"' 1 2#**'2#' "'1!& 0%#' *-3,%#1' & 4#' ##,' (4 *3 2'-,' f-0)',%' 90-3.T' /&#' '+.*#+#,2#"' -,' ' ,3+ #0' -$' 5 0"1' 5'2&' !-++'22##1' & 4#' 0#4'1#"' 2&#' "!2'-,' .* ,' $', ,!' *' 11'12 ,!#' $0-+' ,' #62#0, *' $-0' 2&#' "#!#,20 *'8 2'-,' .0-!#11' ,"' "-,-0T'' '+.*#+#,2 2'-,' & 1' !-++#,!#"T' /&'1' ' ',!*3"#"' 2&#' "#4#*-.+#,2' -$' 2&#' )*','! *' /&#' i(;' ,301',%' 12 $$' 3"'2' 5 1' + , %#+#,2' .0-2-!-*1' ,"' &2 ," 0"' !-+.*#2#"' ,"' .* !#"' ',' "'0#!2-0 2#1T' "' %.#0 2',%' .0-!#"30#1' $-0' 2&#' *301',%' + ,V.-5#0' *##"1' "11#11+#,2' "#!#,20 *'8 2'-,' -$' ;,6' 1#04'!#1' .0'-0' 2-' $-!31',%'-,'.0'-0'27' 0# 1'5 1'3,"#02 )#,T' !2'4#'0#$#00 *'-$'!*'#,21T'/-'" 2#Q'2�#'& 1' /0 ',',%' ,##"1' 5#0#' '"#,2'$'#"' $-0' !0'2'! *' ##,' '"#!#,20 *'8 2'-,'-$'! 0#'1#04'!#1'2-' ! 0#Q'. #"' 20'!1' ,"'+'"5'$#07T'/�#'5 1' 25-'ʚTʛ'.-*7!*','!1''"#,2'$'#"' 1'.'*-2'1'2#1T' *1-' !-** -0 2'-,' 5'2&' 2&#' ! 0 "-1' /
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102 Barbados Economic and Social Report 2012 V. Social Sector Development

1' ' 0-32',#' 1#04'!#T' .* ,1' 0#' ',' .* !#' 2-' ' #6. ,"' 0 .'"' 2#12',%' 1#04'!#1' 2-' 2&#' /�#' 5#0#' UQWSZ' ! 1#1' -$' !0 ,$-0"'/ '22'.-*7!*','!T'' % 120-#,2#0'2'1' 0#!-0"#"' 3.' 2-' &#.2#+ #0' ' TRST'!-+. 0#"'2-'TQXVV'! 1#1'$-0'2&#'1 +#' ",-2�' ','2' 2'4#' '+.*#+#,2#"' .#0'-"' ',' TRSST' /&#' .0#"-+', ,2' 5 1' 2&#' .0-4'"#0' ,,'2' 2#"' /#12',%' ,"' . 2&-%#,1''1-* 2#"'',!*3"#"'#-2 4'031' ,"' )-3,1#**',%' ʚ.,/)ʛ' /0 ',',%' ,"' *-0-4'031T' ,,' *'%&2' -$' 2
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#'',12'232'-,1T' 2& 2' +-0#' $#+ *#1' 2& ,' + *#1' !-,20 !2#"' /&#' .3 *'!' 5 1' "4'1#"' 2-' .0 !2'!#' %--"' 2&#' "'1# 1#' "30',%' 2&#' .#0'-"' 3,"#0' 0#1.'0 2-07' &7%'#,#' ',' &#.2#+ #0Q' 0#4'#5T' /&#' (,4'0-,+#,2 *' ;# *2&' $-**-5',%' ' 0'1#' ',' 0#1.'0 2-07' ! 1#1T' $#. 02+#,2' -$' 2&#' +%;' !-++#,!#"' $30',%' 2&#' .#0'-"' -$' "3%312' SU' 2-' "'1!311'-,1'0#% 0"',%'2&#'"#4#*-.+#,2'-$' ' &#.2#+ #0' ZQ' SZ[' ! 1#1' -$' !32#' * 2'-, *' #-"#,2' .0-%0 ++#T' )-,20-*' ,"' 0#1.'0 2-07' '**,#11' 5#0#' 0#!-0"#"' ',' 2&#' .0#4#,2'-,'120 2#%'#1'!-,2',3#"'2-'$-!31'-,' .3 *'!'1#!2-0'!-+. 0#"'2-'ST['! 1#1'$-0' ' 0#"3!',%' 2&#' 0-"#,2' .-.3* 2'-,' ',' 1'+'* 0'.#0'-"'* 12'7# 0T''

103 Barbados Economic and Social Report 2012 V. Social Sector Development

!-** -0 2'-,' 5'2&' %#,!'#1' ',' 2&#' .3 *'!' 2�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�' #6. ,1'-,' -$' $-0' +-12' &# *2&' ',12'232'-,1' 5#0#' 2&#' .0-%0 ++#' ',2-' -2�' #,4'0-,+#,2 *' !-+.*#2#"T'' &# *2&' !2'4'2'#1T' ' ' (*6,#%*+(*/"-';("-/;'.#%9#"++('' .%#/';("-/;'' ' ' 3%%$'&"3(/7'' ! 0 "-1' *-,%' 5'2&' -2�' ' !-3,20'#1' -$' )"#,)%+' 1#!30#"' ,' ,,' ,' #$$-02' 2-' 120#,%2&#,' '21' $--"' #62#,1'-,' 3,2'*' TRSV' 2-' '+.*#+#,2' 1 $#27' + , %#+#,2' .0-%0 +Q' 2&#' +','1207' +# 130#1'0#/3'0#"'$-0'$3**'!-+.*' ,!#'5'2&' !-,2',3#"'2-'!-** -0 2#'5'2&'2&#'+','1207' 2&#' f-0*"' ;# *2&' %0% ,'8 2'-,_1' ʚf;%ʛ' -$' "%0'!3*230#Q' 3--"Q' 3'1�'#1' ,"' f 2#0' ,,2#0, 2'-, *';# *2&'##%3* 2'-,1'ʚ,;#ʛT'/-' ##1-30!#' + , %#+#,2' 0#% 0"',%' 2&#' 2&'1' #,"Q' ' 0#4'#5' -$' 2&#' #6'12',%' #12 *'1&+#,2' -$' 2&#' * 2'-, *' "%0'!3*230#' i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h()/'' ' ' 3-0' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' 2&#' /&#' 9-4#0,+#,2' -$' ! 0 "-1' +','1207' !-,2',3#"' 2-' 120#,%2&#,' '21' ..0-4#"' 2&#' .0-(#!2' ^.'*-2',%' )*'+ 2#' (,4'0-,+#,2 *' ;# *2&' ("3! 2'-,' )& ,%#S' "" .2 2'-,' 2-' .0-2#!2' ;3+ ,' .0-%0 ++#'',' ,'#$$-02'2-'',"3!#'.-1'2'4#' ;# *2&_T'/&#'.0-(#!2''1' #',%'$3,"#"' 7'2&#' 22'23"#1' ,"'.0 !2'!#1' +-,%'+#+ #01'-$' 9*- *' (,4'0-,+#,2' 3 !'*'27' ʚ933ʛ' ,"' '1' 2&#' .-.3* 2'-,T' 3'4#' ʚWʛ' 20 ',',%' !-301#1' #',%' #6#!32#"' ',' 1#4#,' .'*-2' !-3,20'#1T' 5&'!&' 5#0#' "#4#*-.#"' ',' !-** -0 2'-,' ! 0 "-1' 5 1' 0#.0#1#,2#"' 2' 2&#' $'012' 5'2&' 2&#' ! 0 "-1' )-++3,'27' )-**#%#' %*- *' +##2',%' $-0' .0-(#!2' + , %#01' ,"' 5#0#'$3**7''+.*#+#,2#"T'' 9*- *' !- 0"' +#+ #01' $0-+' + 7' SYVS[' ' TRSTQ'','!-,,Q'9#0+ ,7T'h3"%',%'-$' '*-%-' /&#' 9#-%0 .&'!' ,,$-0+ 2'-,' !-+.#2'2'-,'5 1'&#*"'-,'".0'*'SYQ'TRSTQ'2-' &712#+' ʚ9,&ʛ' 5'2&' %*- *' .-1'2'-,',%' !&--1#' ,' ..0-.0' 2#' *-%-' 2-' 0#.0#1#,2' !-+. 2' '*'27' & 1' ##,' "#4#*-.#"' ',' ,' 2&#'! 0 "-1'*#%'-$'2&#'%*- *'.0-(#!2T'/&#' #$$-02' 2-' $ !'*'2 2#' 2&#' !-,20-*' -$' +','1207'2&0-3%&''21';# *2&'.0-+-2'-,'5,'2' +-1/3'2-#1' ,"' 0-"#,21' 7' 20 !)',%' ,"' *#"'','2&#'-0% ,'8',%Q'(3"%',%' ,"'1#*#!2'-,' 1. 2' **7' "'1.* 7',%' !0'2'! *' 4 0' *#1Q' -$'2&#'5',,',%'*-%-T'/&#'5',,',%'*-%-'5 1'

104 Barbados Economic and Social Report 2012 V. Social Sector Development

3,4#'*#"' 2' '+#"' '* 3,!&'-,'h3,#'Z' 2'2&#' %6(#6,(f' ! 7'&20##2'! ,"'&2 ,"T' ' ' f&'*#' 2&#' .0-4'1'-,' -$' 1#04'!#1' "' 63*,#0 '*'27' ##"3!2'-,' 5'2&',' 2&#' .#01-, *' 1-!' *' 1#04'!#1' 1#!2-0' "11#11+#,2' f-0)1&-.' 5 1' !-,"3!2#"' ',' !-,2',3#1'2-' #' $$#!2#"' 7'2&#'.0-20 !2#"' h3*7'TRSTT'/&'1'5-0)1&-.'2 0%#2#"'"#!'1'-,' %*- *'#!-,-+'!'!0'1'1Q''2&#'*#4#*1'-$'1#04'!#' + )#01' -$' 2&#' +','1207' -$' ;# *2&' 2' -2&' 7' 2&#' "#. 02+#,21' ,"' %#,!'#1' 2&#' !#,20 *' ,"' "'120'!2' *#4#*1T' /&#' 0#1.-,1' *#' $-0' 1-!' *' .0-2#!2'-,' 5#0#' - (#!2'4#'-$'2&#'5-0)1&-.'5 1'2-'',!0# 1#' + ',2 ',#"' "30',%' 2&#' .#0'-"' 3,"#0' 2&#' " .2'4#' ! . !'27' -$' , 2'-, *' &# *2&' 0#4'#5T' /&'1' 5 1' 2-' #,130#' 2& 2' 2&#' 1712#+'',12'232'-,1' ,"'$'#*"'.0 !2'2'-,#01Q' 12 ," 0"' -$' *'4',%' -$' -30' +-12' 43*,#0 *#' 2-' 0#1.-,"' 2-' !*'+ 2#V1#,1'2'4#' &# *2&' .#01-,1' 5 1' ,-2' !-+.0-+'1#"T' /&'1' 0'1)1T' /#0+1' -$' ##$#0#,!#' 5#0#' *1-' 11#02'-,' +312' #' ..0#!' 2#"' 5'2&',' ' "#4#*-.#"' $-0' ' !-,13*2 ,2' 2-' .0-4'"#' !-,2#62' -$' ' 0'1#' ',' ..*'! 2'-,1' $-0' 2#!&,'! *' 11'12 ,!#'2-S'' 11'12 ,!#' 7'+ ,7'.#01-,1'5&-1#'/3 *'27' ' -$' *'$#' + 7' #' "4#01#*7' $$#!2#"' 7' 2&#' ST (12 *'1&' !-++3,'! 2'-,' +#!& ,'1+1' .0#4 '*',%'#!-,-+'!'!'0!3+12 ,!#1T' $-0' 2&#' &# *2&' 1#!2-0' 2-' 0#1.-,"' 2-' ' !-,2 +', 2#"' 5 2#0' ,"' "#,%3#' ;-5#4#0Q' "#1.'2#' 2&#' !0'2'! *' 0-*#' -32 0# )1R'' .* 7#"' 7' 2&#' .#01-, *' 1-!' *' 1#04'!#1' TT ##4'#5' %3'"#*',#1' ,"' #,130#' 1#!2-0' ',' 2&#' -4#0 **' 2 .#1207' -$' 2&#' &-31#&-*"'5 2#0'12-0 %#' .0 !2'!#1' 0#' , 2'-, *' 1-!' *' 1 $#27' ,#2Q' 2&'1' 1#!2-0' "'"' ,-2'!-,$*'!2',%'5'2&'!*'+ 2#'!& ,%#' ,"' ,-2' *'+'2' '21' 1.'0 2'-,1Q' -0' 2& 2' -$' '21' 4#!2-0'!-,20-*' !2'-,1R'' #,#$'!' 0'#1Q' 2-' 2&#' "'1 301#+#,2' -$' UT "11'12'','20 ',',%'0#*#4 ,2'&# *2&'1#!2-0' +-,#2 07' -0' ^',' )',"_' 13..-02' ',' TRSTT' "' .#01-,,#*' $-0' 2#+.-0 *' ,"' 1. 2' *' !-,!#02#"' 22#+.2'5 1'#+ 0)#"'3.-,'2-' 4#!2-0' !-,20-*' ',2#04#,2'-,1' ',' !!-0"' '%0# 2#0'#+.& 1'1'2-Q' ,"'1! *#'3.Q' 0#1.-,1#'2-'# 0*7'5 0,',%R' ,"'' 2&#'0-*#'-$'#62#,1'4#'.17!&-V1-!' *'13..-02' VT $#4#*-.'%3'"#*',#1'$-0'+-,'2-0',%' ,"' 1712#+1' ',' , 2'-, *' 1-!' *' "#4#*-.+#,2Q' #4 *3 2',%' 0'1)1' -$' 5 2#0V0#* 2#"' .-4#027' 0#"3!2'-,' ,"' .#01-, *' "'1# 1#1Q' ',!*3"',%' 2&#' 1#4#0'27' -$' "#4#*-.+#,2'','2' 2'4#1T'' ' "#,%3#'-32 0# )1T'' /-' 2&'1' #,"Q' ,#5' ,"' ',,-4 2'4#' ' 1-!' *' .0-%0 ++',%' 5 1' 3,4#'*#"' "30',%' ' 2&#' 0#4'#5' .#0'-"' ,"' #6'12',%' D. !SOCIAL !SERVICES ! .0-%0 ++#1' & 4#' ##,' 0#$-0+3* 2#"' 2-' ' #,130#'2&#'0'0#*#4 ,!#' ,"'32'*'27'2-'2 0%#2' /&'1' !& .2#0' !-,2',3#1' !-4#0 %#' !-&-021T'/&#'7# 0' *1-'1 5'2&#'0#$',#+#,2' -,' 2&#' !2'4'2'#1' -$' 2&#' $-**-5',%' 1-!' *' -$' ' ,3+ #0' -$' ','2' 2'4#1' 5&'!&' 5#0#' 1#!2-0' %#,!'#1T' #6.0#11*7' "#1'%,#"' 2-' 12'+3* 2#' ,"' ' ',!0# 1#' 2&#' *#4#*1' -$' . 02'!'. 2'-,' ,"'  /&#'f#*$ 0#'$#. 02+#,2' ',4-*4#+#,2' ',' 2&#' + ',120# +' !2'4'2'#1Q'  /&#'* 2'-, *'"11'12 ,!#'!- 0"' . 02'!3* 0*7' 7'^ 2'0'1)_'%0-3.1T',,' ""'2'-,Q' ' ,3+ #0' -$' 1#+', *' !&'#4#+#,21' 2& 2'  /&#'* 2'-, *'$'1 '*'2'#1'5,'2' "'0#!2*7' '+. !2#"' 2&#' *'4#1' -$' + ,7'  /&#' $#. 02+#,2' -$' )-,12'23#,!7' ! 0 "' ,1' ! ,' #' !* '+#"' 2' 2&#' .-*'!7' (+.-5#0+#,2'  ,"'*#%'1* 2'4#'*#4#*1'$-0'2&#'7# 0'TRSTT'' )-++3,'27'$#4#*-.+#,2' ,"')3*230#' '  /&#'!30# 3'-$'9#,"#0'"$$ '01' /�#' 5 1' ' $3," +#,2 *'  /&#')&'*"') 0#'!- 0"' #,20#,!&+#,2' -$' ' *-,%' &#*"' !-++'2+#,2'  /&#'#30 *'$#4#*-.+#,2')-++'11'-,' 2-' 2&#' 31#' -$' ' $'0+' #+.'0'! *' #4'"#,!#V  /&#'50 ,'$#4#*-.+#,2')-++'11'-,' 1#"' ..0- !&' 2-' .-*'!7' ,"'

105 Barbados Economic and Social Report 2012 V. Social Sector Development

.0-%0 ++ 2'!' #,"# 4-301' "30',%' TRSTT' .(#&%*"-'&%),"-'&(#6,)(&' /&'1' 5 1' #4'"#,!#"' 7' 2&#' !-+.*#2'-,' -$' ' 2&#' )-3,207' "11#11+#,2' -$' -'4',%' /&#' + ," 2#' -$' .#01-, *' 1-!' *' )-,"'2'-,1' ʚ)"-)ʛ' .0-(#!2' ,"' 2&#' 1#04'!#1''1' -0,#'.0'+ 0'*7' 7'2&#'f#*$ 0#' .0#. 0 2-07' .0-!#11#1' 3,"#02 )#,' $-0' 2&#' $#. 02+#,2T' %2�' 1.#!'$'!' 1#04'!#1' 3.!-+',%' ! 0 "-1' &-!' *' .-*'!7' 2 0%#2',%' 1.#!' *'1#"' .-.3* 2'-,1' 13!&' 1' 30 +#5-0)' ʚ&.3ʛ' ,"' 2&#' ! 0 "-1' 2&#' #*"#0*7' ,"' 2&#' "'1 *#"' 5#0#' 90-52&' ,"' .-4#027' ##"3!2'-,' &20 2#%7' 3,"#02 )#,' 7' 2&#' * 2'-, *' "11'12 ,!#' ʚ9V.#&ʛT' !- 0"' ,"' 2&#' * 2'-, *' $'1 '*'2'#1' 5,'2' ' 0#1.#!2'4#*7T' ' ' Table 5.4-1 ST f(-3"#('$(."#/+(*/' Budgetary Allocations in the Ministry of Social Care FY2012/2013 ' Department Bds$M % /&#' f#*$ 0#' $#. 02+#,2' ! 00'#"' HIV prevention/ care & -32''21'+ ," 2#'$-0'2&#'7# 0' 7'!-,2',3',%' 1.8 3.0 support '21'* 2'-, *'"11'12 ,!#' ,"'3 +'*7''!#1' General Management 1.8 3.0 .0-%0 ++#1' 2-%#2�' 5'2&' '21' Welfare Department 26.2 44.0 "#4#*-.+#,2 *' .0-(#!21T' /&'1' + ," 2#' National Assistance Board 11.2 19.0 $-!31#1' -,' .-4#027' 0#"3!2'-,' ,"' #+.-5#0+#,2' ,"' ',4-*4#1' ' *#4#*' -$' Community Development 6.0 10.0 1-!' *' .0-4'1'-,',%' 2& 2' ',!*3"#1' 2&#' Dept. for Constituency 4.8 8.0 Empowerment -$$#0',%' -$' +-,#2 07' 11'12 ,!#' ,"' 0#*'#$' Poverty Alleviation 4.6 8.0 ',V)',"' ,"' 2&#' !-3,1#**',%' ,"' National Disabilities Unit 2.0 3.0 0#& '*'2 2'-,'-$'.#01-,1' $$#!2#"' 7'$ +'*7' Bureau of Social Policy, "71$3,!2'-,Q'*'+'2#"'*'$#'!& ,!#1Q'!0'1#1' ,"' 0.6 1.0 Research & Planning , 230 *'"'1 12#01T'' Total 58.9 100 ' Table 5.4-2 SOURCE: Bureau of Social Policy and Applications for Monetary Assistance Research 2011 –2012 Monetary Assistance 2011 2012 !5$9(/' ' New Applications 1,329 1,460 /&#' 3"%#2' **-! 2#"' 2-' 2&#' Applications +','1207' -$' &-!' *' ) 0#Q' )-,12'23#,!7' outstanding at end of 227 212 (+.-5#0+#,2' ,"' )-++3,'27' period $#4#*-.+#,2' ʚ+&)$ʛ' $-0' 2&#' 3', ,!' *' SOURCE: Welfare Department 7# 0' TRST TRSU' ʚ',!*T' 5 %#1' ,"' ' 20 ,1$#01ʛ' 5 1' $WZT[+T' /&'1' !-+. 0#"' *"/,%*"-'"&&,&/"*)('' 5'2&'2&#'.0#4'-31' **-! 2'-,'-$'$XTT[+'$-0' ' 3', ,!' *' 7# 0' TRSS ST' ,"' 0#.0#1#,21' ' * 2'-, *'"11'12 ,!#'!-+.0'1#1'25-' XTU' .#0' !#,2' "#!0# 1#' $0-+' 2& 2' .#0'-"T' !-+.-,#,21S' +-,#2 07' "11'12 ,!#' ,"' (6.#,"'230#'-$'2&#'.#01-, *'1-!' *'1#04'!#1' ##*'#$',,V[',"T'' 1#!2-0' !!-3,2#"'$-0' ..0-6'+ 2#*7'STX'.#0' ' !#,2' -$' 2-2 *' #12'+ 2#"' %-4#0,+#,2' +%*(/"#7' "&&,&/"*)(' ' #6.#,"'230#T'' ' ' $30',%' 2&#' .#0'-"' h ,3 07' S' ' /&#' f#*$ 0#' $#. 02+#,2' $#!#+ #0' USQ' TRSTQ' SQVXR' ,#5' ..*'V !!-3,2#"' $-0' 2&#' * 0%#12' 1& 0#' -$' 2&#' ! 2'-,1' $-0' +-,#2 07' 11'12 ,!#' 5#0#' 3"%#2 07' **-! 2'-,'5'2&'$TXTT+T'' 0#!#'4#"' 7' 2&#' f#*$ 0#' $#. 02+#,2T' /&'1' ' 0#.0#1#,2#"' ,'',!0# 1#'-$'SUS'.#01-,1'-0'

106 Barbados Economic and Social Report 2012 V. Social Sector Development

SRTR' .#0' !#,2' -4#0' ..*'! 2'-,1' 0#!#'4#"' . 7+#,21T''"2'2&#'#,"'-$'2&#'0#4'#5'.#0'-"Q' "30',%'TRSST'' 1-+#' SQTRU' .#01-,1' 5#0#' *'12#"' 1' ' 0#!#'4',%' 13..-02' $0-+' 2&#' $#. 02+#,2' "1' 2'$#!#+ #0'TRSTQ'2&#',3+ #0' 5'2&' 2&#' . 7+#,2' -$' 2&#'0' #*#!20'!'27' '**1' -$' .#01-,1' ',' 0#!#'.2' -$' +-,#2 07' ,"'1-+#'SQWRV'.#01-,1'-,'2&#'#*#!20'!'27' 11'12 ,!#' 12--"' 2' WQYRUQ' ,' ',!0# 1#' -$' *'12',%'$-0'13..-02'$0-+'2&#'$#. 02+#,2T' VVX' .#01-,1' -0' ZTR' .#0' !#,2' 5&#,' ' !-+. 0#"' 5'2&' 2&#' .#0'-"' #,"',%' $30',%' TRSSQ' 9-4#0,+#,2' $#!#+ #0' TRSS' 5&'!&' 5 1' 0#!-0"#"' 2' #+ 0)#"'-,'-$$#0',%'$302�' 11'12 ,!#'2-' WQTWYT'/&#'* 0%#12'1',%*#'! 2#%-07'5 1'2& 2' 2&#' .--0Q' #*"#0*7Q' "'1 *#"' ,"' 43*,#0 *#' -$' !&'*"0#,' 3,"#0' 2&#' %#' -$' 1'62##,' ʚSXʛ' ',' ' .0-.-1 *' $-0' ' $WTR' +'**'-,' #,#0%7' 5&'!&' ,3+ #0#"' TQRZTR' -$' 5&'!&' SQRU[' %0 ,2T' .#01-,1Q' 5&-' /3 *'$'#"' 32' 5#0#' 5#0#' + *#1' ,"' SQRVU' 5#0#' $#+ *#1T' 3, *#' 2-' .&71'! **7' + )#' '2' 2-' 2&#' ;-5#4#0Q'2&#',3+ #0'-$'.#01-,1'0#!#'4',%' "#. 02+#,2Q'"'0#!2#"'2&#'0'0#/3#12'2&0-3%&' ! 1&' %0 ,21' 2#,"#"' 2-' #' .#01-,1' 5'2&' 2&#'0' 0#1.#!2'4#' )-,12'23#,!7' )-3,!'*1T' 1-+#' *#4#*' -$' "'1 '*'27' -0' 2&-1#' .#01-,1' ##!-0"1'',"'! 2#'2& 2' TWU' .#01-,1' 4 '*#"' ',$#!2#"' ʚTURʛR' -0' $$#!2#"' ʚYRʛ' 7' 2&#+1#*4#1' -$' 2&'1' 1#04'!#' 2&0-3%&' 2&#' ;,6 ",$&' 5&-' 5#0#' '"#,2'$'#"' 1' b1.#!' *' )-,12'23#,!7' )-3,!'*1' 1' 2' 2&#' #,"' -$' ! 1#1cT' TRSTT' "2' 2&#' #,"' -$' $#!#+ #0' TRSTQ' $ST[' ' +'**'-,'5 1'1.#,2'-,'#*#!20'!'27' '**1T' /-2 *' #6.#,"'230#' 0#% 0"',%' ' +-,#2 07' 11'12 ,!#'$-0'2&#'.#0'-"'h ,3 07' 3%%$' 6%5);(#& ' 2-' $#!#+ #0' TRST' 2-2 **#"' $SVTZ' +'**'-,' !-+. 0#"'5'2&'$SUT['+'**'-,'$-0'2&#'.#0'-"' ' h ,3 07' 2-' $#!#+ #0' TRSSQ' ' ',!0# 1#' -$' /&#' $#. 02+#,2' !-,2',3#"' 2-' $ZVRQXXR' -0' 1-+#' XTR' .#0' !#,2' $-0' 2&#' ,-2'!#' ,'',!0# 1#'','2&#'"#+ ,"'$-0'$--"' .#0'-"T' 4-3!
T'/�#'5#0#' ',# 0'TRTR'.#0'!#,2' ' ',!0# 1#' ',' $--"' 4-3!
' "'1 301#"' ',' #(-,(3' ,*V[ ,*$ ' TRST' !-+. 0#"' 5'2&' TRSST' /&#' f#*$ 0#' ' $#. 02+#,2' 220' 32#1'2&'1'2-'2&#'*',%#0',%' ##*'#$' ,,V[',"' 1. ,1' 1#4#0 *' 0# 1' #$$#!21' -$' 2&#' !300#,2' #!-,-+'!' 0#!#11'-,T' ',!*3"',%'2&#'. 7+#,2'-$'32'*'27' '**1Q'$--"' %$' ,-2#' '1' 2&#' $ !2' 2& 2' 1.')#1' ',' "#+ ,"' 4-3!
Q' . 7+#,2' -$' &-31#' 0#,21Q' #2!T' 5#0#' 313 **7' 1##,' "30',%' 2&#' .0#. 0 2-07' $30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' 2&'1' .#0'-"1' $-0' 2&#' ,#5' 1!&--*' 7# 0' ʚh3,#' ' 11'12 ,!#'!-,2',3#"T''3-0'2&#'.30.-1#1'-$' &#.2#+ #0ʛ' ,"'2&#')&0'12+ 1'&-*'" 7T' 2&#'0#.-02Q'2&#'$-**-5',%''1'&'%&*'%&2#"T' ' ' ' 5/,-,/7' !,--& ' Table 5.4-5 Assistance-in-Kind (Utilities) ' 2011 - 2012 /&#' $#. 02+#,2' !-,2',3#"' 2-' Category 2011 2012 11'12'-*"' %#'.#,1'-,#01' ,"'2&#'',"'%#,2' Payment of House 5'2&' 2&#' . 7+#,2' -$' 32'*'27' '**1T' ' %$' ,-2#' Rent 310 478 5 1' 2&#' $ !2' 2& 2' ' ,3+ #0' -$' .#01-,1'  Private  NHC 35 44 ..0- !&#"' 2&#' $#. 02+#,2' 0#/3#12',%' 11'12 ,!#' 5'2&' -,#2'+#' . 7+#,21T' /
#' Payment of Water Rates 996 1,203 .#01-,1' 5#0#' + ',*7' 3,#+.*-7#"' -0' Payment of Electricity 901 1,504 3,"#0#+.*-7#"' ,"' & "' !!3+3* 2#"' 00# 01'5&'!&'2'5#0#'3, *#'2-'1#22*#'',' SOURCE: Welfare Department $3**Q' -0' 5#0#' -,*7' *#' 2-' + )#' . 02' '

107 Barbados Economic and Social Report 2012 V. Social Sector Development

' Table 5.4-3 Persons Receiving Cash Grants 2012 WEEKLY CATEGORIES OF GRANT MALE FEMALE TOTAL GRANT/$ 45.00 Children under 16 years 1,039 1,043 2,082 45.00 Children over 16 years at school 100 156 256 33.00 Able-bodied Adult 56 378 434 36.00 Disabled Low 213 257 470 63.00 Disabled High 579 638 1,217 63.00 Disabled 55-65 years 187 449 636 63.00 Over 65 (Non NIS Candidates) 102 68 170 63.00 *Special Cases 89 138 227 63.00 *Over 65 (Special Cases) 1 2 3

45.00 **Child under 16 of Special Cases 30 32 62 45.00 **Child over 16 of Special Cases 3 5 8 116.00 Severely Disabled Persons 71 67 138 Total 2,470 3,233 5,703 SOURCE: Welfare Department *Special Cases refer to persons infected or affected by HIV/AIDS. **Dependents of special cases . ' Table 5.4-4 Assistance-in-Kind (General) Granted 2011 –2012 Increase/ Category 2011 2012 % Change decrease Food Vouchers 5686 7664 1978 25.8 Dentures 38 52 14 26.9 Spectacles 544 513 -31 -6.0 Clothing 356 289 -67 -23.2 SOURCE: Welfare Department ' ' TT /;('*"/,%*"-'"&&,&/"*)('!%"#$''  .'*-2')-++3,'27'*301',%'.0-(#!2'  ##!0# 2'-, *'"!2'4'2'#1'.0-%0 ++#' /&#' * 2'-, *' "11'12 ,!#' !- 0"'  ##1'"#,2' *') 0#'3 !'*'2'#1' ʚ*"!ʛ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

108 Barbados Economic and Social Report 2012 V. Social Sector Development

#,130',%' 2& 2' #*"#0*7' ,"' -0' "'1 *#"' 7# 0T' /&0-3%&' #6#0!'1#Q' #0- '!1Q' .#01-,1'5#0#' 11'12#"'5'2&' '0 ,%#'-$'" '*7' " ,!#0!'1#' ,"' **'-$'2&#' -4#'+#,2'-,#"' *'4',%' 1)'**1' 13!&' 1' !--)',%Q' 5 1&',%Q' !2'4'2'#1Q' 2&#' ##!0# 2'-,' "!2'4'2'#1' !*# ,',%Q' %0--+',%' ,"' 1&-..',%' 1-' 2& 2' .0-%0 ++#' '1' *1-' *'%,#"' 5'2&' 2&#' 2' 0#+ ',' ',' 2&#'0' !-++3,'2'#1Q' 0 2�' !-,!#.2'-$'b"!2'4#'"%#',%''"%#',%'"!2'4#cT' 2& ,' #',%' "+'22#"'2-' ,'',12'232'-,T''/&'1' /&0##'&3,"0#"' ,"'$'$27'ʚUWRʛ'.#01-,1Q' **' +-"#*' -$' ! 0#' '1' +-0#' "#1'0 *#' ,"' $#+ *#Q'5#0#'!300#,2*7'. 02'!'. 2',%'','2&#' 1'%,'$'! ,2*7' *#11' !-12*7' 2& ,' ',12'232'-, *' .0-%0 ++#T' ! 0#T' ' ' /&#'* 2'-, *'"11'12 ,!#'!- 0"' *1-' $30',%' 2&#' .#0'-"' h ,3 07' 2-' .0-4'"#1'0#1'"#,2' *'! 0#'$ !'*'2'#1'2&0-3%&' $#!#+ #0' TRSTQ' SQRV[' !*'#,21' #,#$'2#"' 2&#' )*7"#' 9-**-.' *'%&2' &&#*2#0' $-0' $0-+' 2&#' !- 0"_1' ;-+#' ) 0#' '!#1T' %$' ;-+#*#11' +#,T' /&#' 1&#*2#0' 5 1' 0#-.#,#"' 2&'1' ,3+ #0' 2�#' 5#0#' XRS' ,#5' -,' TY' *-4#+ #0Q' TRST' $2#0' 2&#' ..*'! 2'-,1'-$'5&'!&'UXU'5#0#' ..0-4#"T'' !-+.*#2'-,' -$' + (-0' 0#+#"' *' 5-0)1T' /&#' ' 0#,-4 2#"'1&#*2#0',-5'& 1'2&#'! . !'27'2-' ,,' ""'2'-,Q' ' "'1 %%0#% 2#"' !!-++-" 2#'2&'027V$-30'ʚUVʛ'.#01-,1T'!7' 11#11+#,2' -$' 2&#' ,#5' 1#04'!#' ..0-4 *1' 2&#' #,"' -$' $#!#+ #0' TRSTQ' 2&#' ,'%&2*7' $-0'TRST' 7'1#6'0#4# *1'2& 2' ..0-6'+ 2#*7' ',2 )#' 4 0'#"' #25##,' 1'62##,' ʚSXʛ' ,"' XWTR'.#0'!#,2'5#0#'$#+ *#1'5&'*#'UVTR'.#0' 25#,27V25-'ʚTTʛ'+#,T' !#,2'5#0#'+ *#1T' ' ' "1' 2'$#!#+ #0'TRSTQ'2&#'6 36& **' /&#' ##!0# 2'-, *' "!2'4'2'#1' &#,'-0' )'2'8#,1' 6'** %#' !!-++-" 2#"' ' .0-%0 ++#'5 1'#12 *'1&#"'','S[[R' ,"'2-' 2-2 *' -$' 2&'027V,',#' ʚU[ʛ' .#01-,1T' ' /�#' " 2#'$'$2##,'ʚSWʛ'!#,20#1'5#0#'','-.#0 2'-,' 5#0#' $-30' ʚVʛ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able 5.4-6 Home Care Applications and Approvals 2012 Parish Males Females Applications Males Females Approvals St. Michael 102 151 253 62 99 161 Christ Church 37 66 103 19 22 41 St. Philip 19 40 59 10 27 37 St. James 15 14 29 9 9 18 St. George 8 24 32 5 15 20 St. John 11 21 32 6 11 17 St. Peter 10 22 32 9 10 19 St. Thomas 11 10 21 8 7 15 St. Lucy 8 14 22 7 14 21 St. Andrew 4 3 7 4 3 7 St. Joseph 5 6 11 2 5 7 TOTALS 230 371 601 141 222 363 SOURCE: National Assistance Board '

109 Barbados Economic and Social Report 2012 V. Social Sector Development

UT /;('*"/,%*"-'$,&"!,-,/,(&'5*,/' !31&'-,1Q'0 '1#"'2-'*#2'1# 21' ,"'%0 ' 01T' %$' 2&'1' 2-2 *' ..0-6'+ 2#*7' XTTR' .#0' !#,2' /&#' * 2'-, *' $'1 '*'2'#1' 5,'2' ʚSYSʛ' 5#0#' $#+ *#T' ,,' ""'2'-,Q' SUZ' ʚ*$5ʛ'& 1' 1''21'-4#0 0!&',%'+ ," 2#'2&#' .#01-,1'5#0#'*- ,#"'5&##*!& '01'$0-+'2&#' $ !'*'2 2'-,Q' "4-! !7' ,"' .0-+-2'-,' -$' *$5_1' ..*' ,!#' ,)T' 3#+ *#1' 5#0#' 2&#' .#01-,1' 5'2&' $'1 '*'2'#1' ʚ.f$ʛ' ',' -0"#0' + ',' #,#$'!' 0'#1'-$' 2&'1' 1#04'!#' ʚ ..0-6T' 2-' #,130#' #/3 *' -..-023,'2'#1' $-0' 2&#'0' XVTR' .#0' !#,2ʛT' ,,' 2#0+1' -$' ',$0 1203!230 *' ',2#%0 2'-,' ,"'. 02'!'. 2'-,'',' **' 1.#!21' '+.0-4#+#,21' 2-' .#01-,1Q' "5#**',%' -$', 2'-, *'"#4#*-.+#,2T' $ !'*'2'#1'#'%&27V$'4#'ʚZWʛ'.#01-,1' #,#$'2#"' ' $0-+' 2&#' !-,1203!2'-,' -$' 0 +.1' ,"' ,,'TRSTQ'2&#'*$5'5 1' *#'2-'*- ,' 2&0--+' "(312+#,21T' ' ;#0#' % ',Q' 2&#' -0'.0-4'"#'TYX'.#01-,1'5'2&'"'"1'2-'$ '*7' + (-0'27' -$' 2&#' 0#!'.'#,21' -$' 2&'1' 1.#!'$'!' -'4',%' ʚ"$-ʛ' #/3'.+#,2Q' 13!&' 1' ! ,#1Q' 1#04'!#'5#0#'$#+ *#'ʚXYTR'.#0'!#,2ʛT'' 1&-5#0' !& '01Q' 1&-5#0' #62#,1'-,1Q' ' Table 5.4-7 Accessibility Programme 2011 – 2012 Aids-to- Wheelchairs Year Daily-Living Ramps TOTAL (WC) (ADL) M F M F M F 2011 41 62 28 70 - - 201 2012 50 88 105 171 28 57 499 SOURCE: National Assistance Board ' ' ,,' $3*$'**',%' 2&#'0' #+.-5#0+#,2' /&#'*$5Q'','!-** -0 2'-,'5'2&'2&#' - (#!2'4#Q' 2&#' *$5' !-,2',3#"' "30',%' 2&#' +','1207' -$' 3 +'*7Q' )3*230#Q' &.-021' ,"' .#0'-"'3,"#0'0#4'#5'2-'.0-4'"#'2#!&,-*-%7' 7-32&'&-12#"' ,',,2#%0 2#"'&3++#0') +.' 1#04'!#1'$-0'2&#' *'," 4'13 **7''+. '0#"T',,' $-0' !&'*"0#,' 5'2&' ,"' 5'2&-32' "'1 '*'2'#1T' 2&'1' !-,2#62Q' 2&#' ,,$-0+ 2'-,' /#!&,-*-%7' b) +.'## !&'TRSTc'5&'!&'5 1'&#*"' 2'25-' .0-(#!2' $-0' !*',"' -0' 6'13 **7' ,+. '0#"' 4#,3#1' !-++#,!#"' -,' 2&#' [2&' h3*7Q' ,"' .#01-,1' 5 1' 3,"#02 )#,' ',' !-** -0 2'-,' #,"#"' -,' 2&#' SY2&' "3%312Q' TRST' 5'2&'-,#' 5'2&' -,+(' ,"' ',' TRST' 2&#' .0-%0 ++#' &3,"0#"' ,"'#'%&27V,',#'ʚSZ[ʛ'!&'*"0#,'',' ! 2#0#"' 2-' $'$2##,' ʚSWʛ' 4'13 **7' '+. '0#"' 2-2 *T' && 0-,' .0'+ 07' &!&--*' .#01-,1T' !!-++-" 2#"' ,',#27V,',#' !&'*"0#,' ʚ[[ʛQ' ' 2&'02##,' ʚSUʛ' 5'2&' "'1 '*'2'#1' ,"' #'%&27V ,,'-2�' 0# 1Q'2&#'*$5'!-,2',3#"' 1'6' ʚZXʛ' 5'2&-32' "'1 '*'2'#1T' /&#' ",,' ;'**' 2-'.0-4'"#'1#04'!#1'','2&#' 0# '-$'! 0#' ,"' &!&--*' !!-++-" 2#"' ,',#27' ʚ[Rʛ' 0#1.'2#T'/&#'!-,!#.2'-$'0#1.'2#''1'"#1'%,#"' !&'*"0#,Q'1#4#,27V$'4#'ʚYWʛ'5'2&'"'1 '*'2'#1' 2-' !-,20' 32#' 2-' 2&#' 5#**V #',%' -$' . 0#,21' ,"'$'$2##,'ʚSWʛ'5'2&-32'"'1 '*'2'#1T' 5&-'5#0#'',',##"'-$'0#1.'2#'! 0#'$-0'2&#'0' ' !&'*"0#,T'"2'.0#1#,2'2�#''1' '##1.'2#') 0#' .#%9#"++(&' .0-%0 ++#' "+','12#0#"' 7'2&#')& **#,-0' ' &!&--*T' ' /&'1' '1' -.#0 2#"' "30',%' 2&#' /&#' 7# 0' TRST' 5 1' ,-2#5-02&7' ',' 4 ! 2'-,' ,"'-,'1-+#'5##)#,"1T''/&#'*$5' 2&#' #4-*32'-,' -$' 1-!' *' ! 0#' +-" *'2'#1' .0-4'"#"'2&#'!-121'$-0'. 7+#,2'-$'12 $$' ,"' 5'2&',' 2&#' +','1207T' .0-%0 ++#1' 5&'!&' !-12' -$' $--"' $-0' $'4#' ʚWʛ' 5##)1T' $30',%' ! .230#'2&#'#11#,!#'-$'2&#'+','1207_1'5-0)' h3*7 "3%312' TRSTQ' #'%&2' ʚZʛ' $ +'*'#1' 5#0#' 13!&' 1' 2&#' ,&((' !0'"%#' 5#0#' .3013#"' 11'12#"'5'2&'2&#'! 0#'-$'#'%&2'ʚZʛ'!&'*"0#,T'' "30',%'2&#'.#0'-"T'/&#',&(('!0'"%#'.0-(#!2'

110 Barbados Economic and Social Report 2012 V. Social Sector Development

0-1#' ',' 0#1.-,1#' 2-' 2&#' *'4#"' 0# *'27' -$' 5#0#' 2&#' .-.3* 0' !&-'!#1' -$' !*'#,21T' 2&-1#' 5&-' #6'12' 2' 2&#' .#0'.' -$' (,0-*+#,2'" 2 '13%%#121'2& 2'2
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111 Barbados Economic and Social Report 2012 V. Social Sector Development

,3+ #0' -$' ("3! 2'-, *' .0-%0 ++#1' $-0' * 2'-, *' ;,6 ",$&' )-++'11'-,' $-!311',%' -,' ;-+#5-0)' "11'12 ,!#Q' ,,2#0V ʚ*;")ʛ' 5'2&' 0#1.-,1' '*'27' $-0' 1!&--*' ,,"#.#,"#,!#' i3'88#1' ,"' 2&#' "+','12#0',%' ("3! 2'-,' )-++'22##1' 2-' .0#1#,2 2'-,' -$' --)1' 2-' ' ,3+ #0' -$' .0-+-2#'2&#'.0#4#,2'-,' ,"'!-,20-*'-$'2&#' 1!&--*1T' .#01-, *' "#4#*-.+#,2' ,"' 1.0# "'-$'2&#';,6'4'031T'/&#'+ ',' !2'4'2'#1' #+.-5#0+#,2' .0-%0 ++#1' #+.& 1'1',%' !-,"3!2#"' 7' 2&#' )$$' 3,"#0' 2&#' .#0'-"' 2&#' "#4#*-.+#,2' -$' 1)'**1' ',' ' ,3+ #0' -$' ',!*3"#S' 0# 1' 13!&' 1' . 0#,2',%' 5#0#' .3013#"' ' "30',%'2&#'.#0'-"T'  )-++3,'27'$ ,!#'3#12'4 *' '  )-++3,'27',+. !2'.0-%0 ++#' %2�' 0# 1' ',' 5&'!&' 2&#' 4 0'-31'  )-++3,'27'"02'.0-%0 ++#' )-3,!'*1' & 4#' .3013#"' .0-%0 ++#1'  * 2'-, *' -#11-,1' "11'12 ,!#' ',!*3"#"S' .0-%0 ++#'ʚ*-".ʛ' '  )&0'12+ 1'.0-%0 ++#1'  (,20#.0#,#30' *' "!2'4'2'#1' ʚ6#,"-0'  )-++3,'27'/#!&,-*-%7'.0-%0 ++#' + 0)#21' ,"')-++3,'27'(6.-1ʛ'  ;,6 ",$&'("3! 2'-,'.0-%0 ++#'  &+ **' ,,$0 1203!230 *' .0-(#!21' ' ʚ)-,1203!2'-,'-$' 31'1&#*2#01Q'5.%0 "#' Table 5.4-8 -$')-++3,'27 &!&--*1_'.* 7'. 0)1ʛ' Community Dance Fest (CDF)  )-++3,'27' )*# ,' 5.' ,"' !# 32'V 2010/11 – 2012/13 $'! 2'-,'.0-(#!21'' CDF 2010/11 2011/12 2012/13  ##!0# 2'-, *' "!2'4'2'#1' $-0' 2&#' (*"#0*7' Zones 4 4 4 ,"')&'*"0#,'  "11'12 ,!#V',V[',"' 2-' !-,12'23#,!7' Groups 30 32 30 +#+ #01' Participants 150 180 220  "11'12 ,!#' 2-' )-++3,'27V! 1#"' %0% ,'1 2'-,1' Expenditure $160,000 $170,000 $260 ' (Bds$) "' + (-0' .0-%0 ++#' -$' 2&#' Revenue $40,000 $50,000 $50,000 $#. 02+#,2' -$' )-,12'23#,!7' (+.-5#0V (Bds$) +#,2' ,"'2&#'+','1207'-$'&-!' *') 0#''1'2&#' $ 4'"' /&-+.1-,' +#+-0' *' )-,12'23#,!7' Donations $10,000 $10,000 $36,000 )-3,!'*' 3--2 **' )* 11'!' ʚ$/+))3)ʛT' /&#' SOURCE: Community Development Department 1#!-,"' '2#0 2'-,' -$' 2&'1' 2-30, +#,2' 5 1' ' &#*"' #25##,' &#.2#+ #0' ,"' $#!#+ #0' ' ,"''1' '+ (-0'3,"#02 )',%'$-0'2&#'$)(' ,"' /&'1' 8-, *' " ,!#' !-+.#2'2'-,' 2&#')-,12'23#,!7')-3,!'*1T'' 1&-5! 1#"' 1-+#' -$' 2&#' #12' !-++3,'27' ' 2 *#,2' ,"''1'"#1'%,#"'2-'31#'2&#'+#"'3+'-$' WT )%++5*,/7'$(6(-%.+(*/'$(."#/+(*/' " ,!#' 1' ' 4#&'!*#' $-0' +- '*'1',%' !-++3,'2'#1' ,"' !0# 2',%' 1-!' *' !-
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112 Barbados Economic and Social Report 2012 V. Social Sector Development

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#' 11'12' ',' + 6'+'1',%' 2&#' 31#' -$' **' Table 5.4-9 !-++3,'27' 0#1-30!#1' ' ',!*3"',%' NLAP Participating Schools and Students !-++3,'27' !#,20#1' 2& 2' 1#04#' 1' $-! *' 2010 - 2102 No . Primary Schools Students .-',21' $-0' !-++3,'27' 20 ',',%' ,"' %0-3.' "#4#*-.+#,2T' 2010 2011 2012 ' 1 Westbury 17 25 40 /&#' )-++3,'27' ,+. !2' 2 George Lamming 17 - - .0-%0 ++#' '+1' 2-' $3**7' 32'*'1#' **' 3 Belmont 14 10 15 !-++3,'27' !#,20#1' ,"' 2-' !&'#4#' 4 St. Bartholomew 9 9 20 #!-,-+'!' #+.-5#0+#,2' ,"' !0# 2#' 1-!' *' 12 '*'27' 5'2&',' 0#1.#!2'4#' !-++3,'2'#1T' 5 Milton Lynch 29 20 40 /&#')$$'#12'+ 2#1'2& 2' ..0-6'+ 2#*7'VZR' 6 St. John 8 16 25 .#01-,1' 5#0#' 20 ',#"' ',' TRST' 3,"#0' 2&'1' .0-%0 ++#T' 7 St. Joseph 14 29 25 ' 8 St. Lucy 14 14 14 "..0-6'+ 2#*7' 1#4#,27V$'4#' ʚYWʛ' 9 Half Moon Fort 12 21 8 123"#,21' #,#$'2#"' $0-+' 2&#' )-++3,'27' "02' .0-%0 ++#' ',' TRST' 5&'!&' 5 1' Total 134 144 183 0#1203!230#"' ,"' 0#V',20-"3!#"' ',' $'4#' SOURCE : Community Development Department !-++3,'27'!#,20#1'-$$#0',%'!* 11#1'','2&#'U' ' $-**-5',%' 0# 1S' ' -(9,&-"/,6(' ");,(6(+(*/&' " *$' .%-,)7' ST $0 5',%' ,"',**3120 2'-,R' ,*,/,"/,6(&'' TT )-+.32#0'90 .&'!1R' ,"'' ' UT "'0 031&',%T'' ' )%*6(*/,%*' % *' / ;(' #,9;/&' % 3' .(#&%*&' ' f,/;'$,&"!,-,/,(&' ",-2�' '+.-02 ,2' .0-(#!2' 3,"#0' ' 2&#' 31.'!#1' -$' 2&#' )$$' '1' 2&#' * 2'-, *' /&#' ) ',#2' -$' ! 0 "-1' % 4#' -#11-,1' "11'12 ,!#' .0-%0 ++#' ʚ*-".ʛ' ..0-4 *' ',' $#!#+ #0' TRST' $-0' ! 0 "-1' 5&-1#' '+' '1' 2-' #,& ,!#'2&#' .#0$-0+ ,!#' ',' 2&#' &#!-," 07' &!&--*1' )-++-,' 2-'0 2'$7'2&#'5,'2#"'* 2'-,1')-,4#,2'-,'-,' (,20 ,!#'(6 +', 2'-,'-$'!&'*"0#,'5&-'"3#' 2&#' #'%&21' -$' .#01-,1' 5'2&' $'1 '*'2'#1' 2-' 4#07' *'+'2#"' $', ,!' *' !'0!3+12 ,!#1' ʚ)#.$ʛT'/&#'0 2'$'! 2'-,'-$'2&'1'"%0##+#,2' +'%&2' ,-2' -2'1#' & 4#' 2&#' #,#$'2' -$' 5'**' #,130#' 2& 2' ! 0 "-1' + ',2 ',1' 2&#' #620 '23'2'-,T' ' &'%&'0#.32 2'-,'2& 2'5 1'"'*'%#,2*7'# 0,#"' ' 7' '21' ! 0#' $-0' 43*,#0 *#' %0-3.1T' /&'1' ",-2�' .0-%0 ++#' -$' 2&#' )$$' 1'%, *' !&'#4#+#,2' +# ,1Q' ',2#0' *' Q' 2& 2' 5&'!&' & "' !-,1'"#0 *#' .3 *'!' -320# !&' ! 0 "-1' 5'**' 1&-02*7' 3,"#02 )#' 5 1' 2&#' )-++3,'27' /#!&,-*-%7' ..0-.0' 2#' +# 130#1Q' ',!*3"',%' .0-%0 ++#' ʚ)/.ʛT' /&'1' 7# 0' 2&#' *#%'1* 2'-,Q' 2-' +-"'$7' -0' -*'1&' #6'12',%' .0-%0 ++#' !-,2',3#"' 13!!#11$3**7T' ",' * 51Q' 0#%3* 2'-,1Q' !312-+1' ,"' .0 !2'!#1' #/3 **7' '+.-02 ,2' 13 V!-+.-,#,2' -$' 2&#' 2& 2' !-,12'232#' "'1!0'+', 2'-,' % ',12' )/.' 5 1' 2&#' ,,$-0+ 2'-,' /#!&,-*-%7' .#01-,1'5'2&'"'1 '*'2'#1T' &3++#0'/##,1'.0-%0 ++#'ʚ,/&'$-0'2##,1ʛ' ' 5&'!&' 5 1' $3**7' 1.-,1-0#"' 7' -,+(' ,,' ""'2'-,' '2' +# ,1' 2& 2' ',' 2&#' 2#*#!-++3,'! 2'-,1'-2"T'"30',%'2&#'0#4'#5' "#4#*-.+#,2' ,"' '+.*#+#,2 2'-,' -$' .#0'-"T'/&#'.0-%0 ++#''1'-,#'-$'2&#'+-0#' *#%'1* 2'-,' ,"' .-*'!'#1' 2-' '+.*#+#,2' 2&#' .-.3* 0' ,"' '+. !2$3*' !-,"3!2#"' 7' 2&#' )#.$Q' ,"' ',' -2�' "#!'1'-,V+ )',%' )-++3,'27'$#4#*-.+#,2'$#. 02+#,2T'%,#' .0-!#11#1' !-,!#0,',%' '113#1' 0#* 2',%' 2-' .-11' *#' 0# 1-,' $-0' 2&'1' '1' 2& 2' 2&#' .#01-,1' 5'2&' "'1 '*'2'#1' ʚ.f$ʛQ' .0-%0 ++#' ! 2#01' 2-' 2##, %#01' #25##,' %-4#0,+#,2'1& **'!*-1#*7'!-,13*2'5'2&Q' ,"' 2&#' %#1' -$' SVVSY' !-&-02Q' 5&-' 5#0#' -,' !2'4#*7' ',4-*4#' .f$' ',' ' $3**7' 13++#0'0#!#11'$0-+'1!&--*T'' . 02'!'. 2-07'+ ,,#0T'

113 Barbados Economic and Social Report 2012 V. Social Sector Development

f;,/('.".(#'% *'"9(,*9'  /&#' & 0+-,'1 2'-,' -$' , 2'-, *' 1-!' *' ' .-*'!7'- (#!2'4#1' ,"'','2' 2'4#1R''' ) ',#2' *1-' ..0-4#"'2&#'$',"',%1'  ,,2#%0 2#"' .-*'!7' ,"' .0-%0 ++#' !-,2 ',#"' 5'2&',' 2&#' f&'2#' . .#0' -,' #4 *3 2'-,'+#2&-"-*-%'#1R' "%#',%T' /&#' f&'2#' . .#0' $-!31#1' -,' 1'6'  &20#,%2&#,#"' 120 2#%'!' .* ,,',%' ,"' + ',' .0'-0'27' 0# 1' $-0' , 2'-, *' !2'-,T' 0#1-30!#' **-! 2'-,R' /
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114 Barbados Economic and Social Report 2012 V. Social Sector Development

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115 Barbados Economic and Social Report 2012 V. Social Sector Development

-0% ,'1#"' 7'2&#'!30# 3'-$'9#,"#0'"$$ '01' (,2'27' $-0' 9#,"#0' (/3 *'27Q' 2&#' $0-+' ".0'*' 2-' &#.2#+ #0' TRST' 2' 4 0'-31' (+.-5#0+#,2' -$' f-+#,' ʚ5!' f-+#,ʛ' 4#,3#1' !0-11' 2&#' !-3,207T' ' /&#' !&-1#,' ,"' 2&#' +','1207' -$' - -30' ,"' &-!' *' 2&#+#' $-0' 2&#' . ,#*' "'1!311'-,1' 5 1' b*-2' &#!30'27' !-** -0 2',%' 2-' '+.*#+#,2' ' "% ',Q'/0 $$'!)',%'','.#01-,1''+-"#0,'$ 7' .0-(#!2' #,2'2*#"' b""4 ,!',%' $#!#,2' f-0)' &* 4#07cT'' $-0' $-+#12'!' (+.*-7##1cT' ' "1' . 02' -$' 2&#' ' .0-!#11' '!-++'22##'5 1'1#2'3.'2-'-4#01##' 9(*$(#'" *$';,6 ",$&'.#%9#"++(' 2&#''+.*#+#,2 2'-,'-$'2&#'.0-(#!2T'' ' ' /&#'!30# 3'!-,2',3#"''21'#$$-021' 2' /;('&,4/((*'$"7&'% 3'")/,6,&+'' #6.-1',%' 1'+ ,7'.#01-,1' 1'.-11' *#'2-' ,' ' 5 0#,#11' -$' 2&#' %#,"#0' "'+#,1'-,1' -$' /&#' !30# 3' -$' 9#,"#0' "$$ '01' ,"' ;,6 ",$&T' ' -')#' 2&#' .0#4'-31' 7# 0Q' 2�#' '21' 12 )#&-*"#01' -0% ,'1#"' ' ,3+ #0' -$' 5#0#' ' ,3+ #0' -$' 0#*'%'-31' -0% ,'1 2'-,1' !2'4'2'#1'2-'+ 0)'2&#' ,,3 *'!#*# 0 2'-,'-$' 5&'!&' #,#$'22#"' $0-+' 2&#' 1#11'-,1T' ' ,,' 2&#'&'62##,'$ 71'-$'"!2'4'1+T' ""'2'-,Q' +#+ #01' -$' 2&#' +'*'2 07' 5#0#' ' *1-' . 02' -$' 2&#' 20 ',',%Q' 1-' 2--Q' 5 1' ' /&#' !30# 3' &#*"' '21' 1#!-,"' 1#!-,"' %0-3.' -$' ,2#, 2 *' +-2
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#' 12 %',%' ' . ,#*' "'1!311'-,' b&2'%+ ' ,"' ',!*3"#"'2&#'),+'##.-02' ,"'2&#'##.-02'-,' $'1!0'+', 2'-,' % ',12'.#01-,1'-'4',%'5'2&' i3 *'2 2'4#' ,,"'! 2-01' $-0' 2&#' ;,6cT' &-+#' 25#,27V$'4#' ʚTWʛ' .#01-,1' 2--)' )-++-,5# *2&' &#!0#2 0' 2T' ,,' ""'2'-,Q' ,' !2'4#'. 02'','2&#'"'1!311'-,T'' 2&#' !30# 3' *1-' 0#!#'4#"' $3,"',%' $-0' ' 1.-,1-01&'.' -$' ' !-,20 !2-0' 2-' !-+.*#2#' *"/,%*"-'.%-,)7'% *'9(*$(#'' ! 0 "-1_' W2&' .#0'-"'!' ##.-02' 2-' 2&#' ' )-++'22##'$-0'2&#'(*'+', 2'-,'-$' **'3-0+1' /&#' "#4#*-.+#,2' -$' 2&#' * 2'-, *' -$'6'-*#,!#' % ',12'f-+#,'ʚ)($"fʛ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f%+(*'" *$'f%#['' ' +#,"#"' ,"' 0#.* !#"' 7' 2&#' )&'*"' ) 0#' /&#' #$$-021' 2' "4 ,!',%' "#!#,2' !- 0"' "!2' S[ZS' ʚ.0-!* '+#"' ',' S[ZUʛ' 2-' 5-0)' $-0' "-+#12'!' 5-0)#01' 0#!#'4#"' ' $ !'*'2 2#'2&#'.0-4'1'-,'-$' '5'"#0'1!-.#'-$' --12' ',' TRST' 5'2&' 2&#' 5,'2#"' * 2'-,1' 1#04'!#1T'

116 Barbados Economic and Social Report 2012 V. Social Sector Development

' /&#' +-,2&' -$' *-4#+ #0' 0#!-0"#"' 2&#' /&#' !- 0"' -$$#01' 1#04'!#1' ',' 2&#' &'%' ,3+ #0' -$' !&'*"0#,' ',' 22#," ,!#' $-**-5',%' 0# 1S' .#0'" 7'5'2&' '2-2 *'-$'[SZT' ' ' ST ##1'"#,2' *') 0#' "$+,&&,%*&'" *$'$,&);"#9(&'' TT 9-4#0,+#,2'$ 7') 0#'' ' UT .0'4 2#'$ 7') 0#' $30',%' 2&#' 7# 0' 3,"#0' 0#4'#5' VT 3-12#0') 0#' ,"'""-.2'-,' !&'*"0#,' 5#0#' "'1!& 0%#"' ,"' WT )&'*"'" 31# ) 0#' ,"'.0-2#!2'-,' 13 1#/3#,2*7' "+'22#"'2-'2&#'*301#0'#1' 2' XT .17!&-*-%'! *' "11#11+#,21' ,"' "'$$#0#,2' .#0'-"1' 2&0-3%&-32' 2&#' 7# 0T'' (4 *3 2'-,1' /�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ʚWVʛ' $'#*"' 20'.1' "30',%' 2&#' .0#+'1#' 2& 2' !&'*"0#,' 0#' 2-' #' 2&#' 7# 0' 2-' .* !#1' -$' ',2#0#12' 13!&' 1R' ,30230#"Q' *-4#"' ,"' %'4#,' !-,2',3-31' ,"' ;7"0-V90-5' 3 0+1Q' &20-,%' ;-.#Q' &2T' !-,1'12#,2' ! 0#T' /
#' 3,'4#01 *' !-,!#.21' /&-+ 1Q' (+#0 *"' )'27' &3.#0+ 0)#2Q' &'6' 0#' -32*',#"' ',' 2&#' "02'!*#1' -$' 2&#' #- "1Q'&2T'.&'*'.Q'f 2#05-0*"'.#2'&&-.Q'&2T' )-,4#,2'-,' -,' 2&#' #'%&21' -$' 2&#' )&'*"Q' .#2#0Q' "'0.-02' 3'0#' &2 2'-,Q' )&0'12' )&30!&' 5&'!&'5 1'1'%,#"' ,"'0 2'$'#"' 7'! 0 "-1T'' ,"' 2&#' !0'"%#2-5,' .3 *'!' -' 0 07Q' &2T' /&#' !- 0"' '1' !-++'22#"' 2-' #,130',%' 2& 2' +'!& #*T' 2&#'1.'0'2' ,"'.0',!'.*#1'-$'2&#')-,4#,2'-,' ' f",/,*9'-,&/&' 0#'-.#0 2'-, *'1#"'',''21'.0-%0 ++#1T' ' ' /&#' 5 '2',%' *'12' $-0' 2&#' .* !#+#,2' 9%6(#*+(*/'$"7')"#(' -$' !&'*"0#,' ',' 2&#' 9-4#0,+#,2' $ 7' ' *301#0'#1' #6!##"#"' 2&#' 2-2 *' ! . !'27T'' $30',%' 2&#' 7# 0' 3,"#0' 0#4'#5' 2&#' /�#'5#0#'.0#1#,2*7'2&0##'2&-31 ,"'$-30' 9-4#0,+#,2' $ 7' *301#0'#1' !-,2',3#"' &3,"0#"' ,"' 25#,27' !&'*"0#,' 0#%'12#0#"' -.#0 2',%' 2'$3**'! . !'27'','2&#'$'$2##,'ʚSWʛ' $-0'#,207' 1'"-!3+#,2#"'','%!2- #0'TRSTT'' !#,2#01T' ' f'2&' ' 2-2 *' -$' SRWX' !&'*"0#,' 2' $3**' ! . !'27' 2�#' 5 1' ,' 4#0 %#' -$' ZYR' 30-+' 0#/3#121' + "#Q' '2' #! +#' #4'"#,2' !&'*"0#,' #25##,' 2&#' %#1' -$' 2&0##' ʚUʛ' 2& 2'1-+#',301#0'#1'5#0#'+-0#'','"#+ ,"' +-,2&1' ,"'$-30'ʚVʛ'7# 01'',' 22#," ,!#T'' 2& ,' -2
T' ' $ 7' *301#0'#1' 13!&' 1' ("#,' ' --"%#Q' 3 0+Q' h- ,' "03,"#**Q' h-&,' !#!)*#1Q' /&#' *-5#12' " '*7' 22#," ,!#' 5 1' --,"-,' !-30,#' ,"' *'%&2#,% *#' **' & 4#' 0#%'12#0#"' "30',%' 2&#' +-,2&' -$' "3%312' 0#!-0"#"' ' &'%&' ,3+ #0' -$' 0#/3#121' $-0' 5&'!&' 0#!-0"#"' ' 2-2 *' -$' YV[' !&'*"0#,T'' .* !#+#,21T' ' '

117 Barbados Economic and Social Report 2012 V. Social Sector Development

Table 5.4-10 Total Average Attendance for Males and Females January – December 2012 Month Babies Toddlers Average Males Females Males Females Attendance January 168 157 261 876 February 167 162 278 294 901 March 170 157 271 290 888 April 163 155 266 279 863 May 166 166 280 292 904 June 169 154 294 289 906 July 159 169 269 284 881 August 151 134 217 247 749 September 179 147 261 268 855 October 176 156 283 278 893 November 181 157 295 285 918 December 164 138 255 255 812 Total 2,013 1,852 3,230 3,351 10,446 Average/day 168 154 269 279 870 SOURCE: Child Care Board ' ' ' Table 5.4-11 Waiting Lists 2012 No. of Children Waiting Name of Center Capacity Toddlers/Preschoolers Babies Lists Bagatelle 24 30 54 76 Colleton 36 30 66 41 Delores “Ma” Worrell 32 30 62 101 Eden Lodge 72 30 102 248 Farm 48 18 66 242 Geoffrey Morris 24 18 42 90 Grazettes 36 24 60 180 Haynesville 36 24 60 76 Joan Arundell 44 18 62 332 John Beckles 80 30 110 768 London Bourne 36 18 54 485 Madam Ifill 48 18 66 123 Marion Hall 72 30 102 137 Nightengale 48 36 84 375 Sayes Court 36 30 66 146 TOTAL 672 384 1056 3420 SOURCE: Child Care Board ' ' ' '

118 Barbados Economic and Social Report 2012 V. Social Sector Development

#(&,$(*/,"-')"#('' ' 11#11#"' 5'2&' 1.#!' *' ,##"1' ',!*3"',%' ' .17!&' 20'!',##"1'"30',%'2&'1'.#0'-"T' /&#' !- 0"' -.#0 2#1' 2&#' $-**-5',%' ' ,',#'ʚ[ʛ')&'*"0#,';-+#1S' Table 5.4-12  Residential Home Monthly Occupancy in 3 001Q'&2T'.#2#0' 2012  & 7#1')-302Q')&0'12')&30!&' Month Males Females Total  ) +.5--"Q'&2T'.&'*'.' January 47 41 88  &2'0*',%Q'&2T'.&'*'.' February 52 39 91  /&0##' ʚUʛ' )-22 %#1' 2' 2&#' *'%&2#,% *#' March 53 38 91 )-+.*#6' April 58 40 98  /&#' ##!#.2'-,' )#,20#' 2' 2&#' *'%&2#,V May 53 37 90 % *#')-+.*#6' June 51 36 87  /&#' 6'-*#2' 9'22#,1' )#,20#' 2' *'%&2#,V July 49 41 90 % *#')-+.*#6' August 52 40 92 ' September 51 40 91 "1' -$' $#!#+ #0' TRSTQ' 2�#' 5#0#' October 52 40 92 ,',#27V25-' ʚ[Tʛ' !&'*"0#,' ',' ##1'"#,2' *' November 48 41 98 ) 0#T',,' ""'2'-,Q'2�#'5#0#'#'%&2##,'ʚSZʛ' !&'*"0#,'5&-'5#0#' #',%'+-,'2-0#"'','2&#' December 51 39 90 !-++3,'27' $-0' 0#V',2#%0 2'-,' 5'2&' $ +'*7' Total 617 472 1098 +#+ #01T' ;-5#4#0Q' 2&#' 3 001' !&'*"0#,_1' Average 52 40 92 ;-+#' 5 1' 2#+.-0 0'*7' !*-1#"' $-0' SOURCE: Child Care Board 0#,-4 2'-,'"30',%'2&#'.#0'-"'*# 4',%'#'%&2' ' ʚZʛ';-+#1'!300#,2*7'','-.#0 2'-,T'' ' "$+,&&,%*&''$,&);"#9(&' ' #(3(##"-&'' &'627V$'4#' ʚXWʛ' !&'*"0#,' 5#0#' ' 11#11#"' 1' #',%' ',' ,##"' -$' ) 0#' ,"' /�#' 5#0#' ' 2-2 *' -$' #'%&2' ʚZʛ' .0-2#!2'-,' ,"' 5#0#' "+'22#"' ',2-' !&'*"0#,Q' $'4#' ʚWʛ' + *#1' ,"' 2&0##' ʚUʛ' ##1'"#,2' *' ) 0#' "30',%' 2&#' 7# 0T' 3-027V $#+ *#1' "+'22#"'',2-' ##1'"#,2' *' ) 0#' 7' $-30'ʚVVʛ'!&'*"0#,'5#0#'"'1!& 0%#"'$-0'2&#' ,' %0"#0' -$' 2&#' )-302T' ,,' ""'2'-,Q' 2�#' .#0'-"'3,"#0'0#4'#5T' 5#0#' ' 2-2 *'-$'#*#4#,' ʚSSʛ'!&'*"0#,Q' #'%&2' ʚZʛ'+ *#1' ,"'2&0##' ʚUʛ' $#+ *#1' "+'22#"' Table 5.4-13 ',2-'##1'"#,2' *') 0#' 2'2&#'0#/3#12'-$'2&#' Residential Care Admissions and ,++'%0 2'-,' $#. 02+#,2T' ' "' 2-2 *' -$' $-30' Discharges in 2012 ʚVʛ'!&'*"0#,'5#0#'0#$#00#"' 7'2&#'i(;'$-0' No. of No. of Month "+'11'-,' ',2-' ##1'"#,2' *' ) 0#' 2-' #' Admissions Discharges .* !#"'$-0' "-.2'-,T' January 5 12 ' February 13 3 %))5."*)7'' March 5 5 ' April 7 4 May 0 0 /�#' 5 1' ,' 4#0 %#' -$' ,',#27V June 1 9 25-'ʚ[Tʛ'!&'*"0#,'','2&#'!- 0"_1'#'%&2'ʚZʛ' July 7 1 )#,20#1' "30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5T'' August 1 1 %$' 2
#' $'$27V25-' ʚWTʛ' 5#0#' + *#1' ,"' September 6 4 $-027' ʚVRʛ' 5#0#' $#+ *#1T' /&#' +-,2&1' -$' October 7 3 ".0'*' ,"'*-4#+ #0'0#%'12#0#"'2&#'&'%' November 7 2 ,3+ #0' -$' !&'*"0#,Q' ,',#27V#'%&2' ʚ[Zʛ' ,"' December 6 0 2&#' +-,2&' -$' h3,#' 0#%'12#0#"' 2&#' *-5#12' TOTAL 65 44 5'2&' #'%&27V1#4#,' ʚZYʛT' ",' #12'+ 2#"' 25#,27V$'4#' ʚTWʛ' !&'*"0#,' & 4#' ##,' SOURCE: Child Care Board

119 Barbados Economic and Social Report 2012 V. Social Sector Development

)%5#/'"..("#"*)(&' Table 5.4-14 ' Private Day Care Registrations in 2012 $30',%' 2&#' .#0'-"' 3,"#0' 0#4'#5' Month Approved 2&#' %$$'!#01' ',' ##1'"#,2' *' ) 0#' + "#' ' 2-2 *' -$' $'$27' ʚWRʛ' )-302' ..# 0 ,!#1' 2-' March 15 ""0#11' 4 0'-31' + 22#01' 0#* 2',%' 2-' April 27 !&'*"0#,'',') 0#T' May 25 ' June 14 9%6(#*+(*/',*$5&/#,"-'&);%%-' July 15 ' August 10 /&0##'ʚUʛ'!&'*"0#,'5#0#'0#+ ,"#"' September 0 2-'2&#'9-4#0,+#,2',,"3120' *'&!&--*T'' October 0 ' November 7 /#"*&3(#&'' December 2 ' Total 115 3-30' ʚVʛ' 0#1'"#,21' -$' 2&#' 6'-*#2' SOURCE: Child Care Board 9'22#,1' )#,20#' 5&'!&' 5 1' $-0+#0*7' 2&#' ; 7,#14'**#';-+#'5#0#'20 ,1$#00#"'2-'2&#' ' (* ',#' &! ,2*# 307' f',%' 2' 2&#' &2T' -3!7' (*i5,#(&' $'120'!2' ;-1.'2 *T' /
#' 0#1'"#,21Q' 25-' ʚTʛ' ' + *#1' ,"' 25-' ʚTʛ' $#+ *#1' 5#0#' **' -4#0' 3-0'2&#'.#0'-"'3,"#0'0#4'#5'2�#' 2&'027' 7# 01' -$' %#T' """'2'-, **7Q' 0#1'"#,21' 5#0#' #'%&27V,',#' ʚZ[ʛ' ! 1#1' 0#!-0"#"' -,' -$' 2&#' 3 001' ;-+#1' 5#0#' 2#+.-0 **7' ',2 )#T'' 20 ,1$#00#"'2-'2&#'&2'0*',%';-+#'-,'h ,3 07' ' SVQ'TRST'2-' !!-++-" 2#'2&#'0#,-4 2'-,1' Table 5.4-15 Enquiries and Complaints in 2012 -$'3 001T'' Month Enqiries Complaints Total ' /&#' ##1'"#,21' -$' 2&#' ; 7,#14'**#' January 6 6 12 ;-+#' 5#0#' 0#*-! 2#"' 2-' 2&#' *'%&2#,% *#' February 3 4 7 )-+.*#6' ,"'2&#';-+#'0#, +#"'2&#'6'-*#2' March 8 3 11 9'22#,1')#,20#T' April 5 6 11 ' May - - - .#,6"/('$"7')"#('' ' June 5 1 6 "1'. 02'-$''21'+ ," 2#'2&#'!- 0"''1' July 7 2 9 0#1.-,1' *#' $-0' 2&#' 0#%'120 2'-,' -$' .0'4 2#' August 10 6 16 $ 7') 0#')#,20#1T''$30',%'2&#'.#0'-"'3,"#0' 0#4'#5' 2�#' 5#0#' SXX' !#,20#1' ),-5,' 2-' September 3 1 4 2&#'!- 0"T'' October 1 1 2 ' November 3 4 7 -,)(*)(&',&&5($' December 2 2 4 ' TOTAL 96 $30',%' 2&#' 7# 0Q' -,#' &3,"0#"' ,"' $'$2##,' !#,20#1' 13 +'22#"' "-!3+#,2 2'-,' SOURCE: Child Care Board .#02 ',',%' 2-' 0#%'120 2'-,T' ' %$' 2&-1#Q' -,#' ' &3,"0#"' ,"' -,#' ,301#0'#1' & 4#' ##,' *(f'"..-,)"/,%*&'" *$')-%&5#(&' ..0-4#"Q' $-30' ʚVʛ' 5#0#' .#,"',%' ' 0#%'120 2'-,Q'2&0##'ʚUʛ'5#0#',-2'#*'%' *#'$-0' /&#' 7# 0' 3,"#0' 0#4'#5' 1 5' ,' 0#%'120 2'-,'-5',%'2-'2-5,'.* ,,',%''113#1' ',!0# 1#' -$' $'4#' ʚWʛ' ""'2'-, *' !#,20#1' ,"' 1#4#,' ʚYʛ' & 4#' ',!-+.*#2#' !-+',%' 2-' 2&#' !- 0"_1' 22#,2'-,' 5&'*#' 1'6' "-!3+#,2 2'-,T' ʚXʛ'!#,20#1'!*-1#"'"30',%'2&#'7# 0T''

120 Barbados Economic and Social Report 2012 V. Social Sector Development

,*/"[(' 1#4#,' ʚZYʛ' !&'*"0#,T' ' f&'*#' 2&#' +-,2&' -$' ' $#!#+ #0' TRSS' 1 5' 2&#' *# 12' ,3+ #0' -$' ,,' TRSTQ' ,,2 )#' 12 2'12'!1' 0#!#'4#"' 0#$#00 *1' + "#' 2-' 2&#' !- 0"' "30',%' 2&#' 7' 2&#' !- 0"' ',"'! 2#"' ' 2-2 *' -$' -,#' 7# 0' 3,"#0' 0#4'#5T' ' /& 2' ,3+ #0' 2&-31 ,"' $'4#' &3,"0#"' ,"' 1#4#,27' ,',#' +-3,2#"'2-'$'$27V25-'ʚWTʛ'! 1#1''+. !2',%' 0#$#00 *1'0#13*2',%'','2&#'0# *'8 2'-,'-$'25-' -,'$'$27V$'4#'ʚWWʛ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ʚTWSʛ'5 1'- 1#04#"'','2&#'-4#0 **'0#$#00 *1' ,',#27V$'4#'ʚ[Wʛ'! 1#1''+. !2',%'-,'#'%&27V #25##,'2&#'25-'.#0'-"1'3,"#0'0#4'#5T' ' ' ' Table 5.4-16 Referrals For January- December 2012 Total No. of Total Total No. No. of No. of Total No. of Reassigned Month No. of of New New Reassigned Cases/Officers Cases Children Cases Children /Children Cases January 134 143 101 99 33 44 February 140 163 110 113 30 40 March 161 178 121 119 40 59 April 131 135 111 110 20 25 May 146 150 123 117 23 33 June 125 137 98 104 27 33 July 116 127 87 88 29 39 August 118 132 100 109 18 23 September 107 130 79 88 28 42 October 156 184 118 138 38 46 November 156 173 123 121 33 52 December 89 105 60 170 25 35 Total No. of Cases 1579 1757 1231 1376 344 471 & Children 2012 Total No. of Cases 1830 1866 1359 1238 310 433 & Children 2011

SOURCE: Child Care Board ' ' ' '

121 Barbados Economic and Social Report 2012 V. Social Sector Development

Table 5.4-17 Court Appearances 2012 Sexual Physical Emotional Behavior Care & Month Neglect Custody Access Misc Total Abuse Abuse Abuse Problem Control Jan 0 0 0 0 0 0 0 0 0 0 Feb 1 0 0 0 0 0 1 1 0 3 Mar 0 0 0 0 0 1 2 0 1 3 Apr 0 0 0 0 0 0 2 1 0 3 May 0 0 0 0 0 0 1 0 0 1 June 0 0 0 0 0 1 1 0 0 2 July 0 0 0 0 0 1 1 2 0 4 Aug 0 0 0 0 0 2 0 4 0 6 Sept 0 0 0 0 0 3 1 0 0 4 Oct 0 0 0 0 0 2 1 0 0 3 Nov 0 0 0 0 0 2 1 0 0 3 Dec 0 0 0 0 0 1 0 0 0 1 TOTAL 1 0 0 0 0 13 11 6 2 33 SOURCE : Child Care Board ' )%5#/'"..("#"*)(&' 2&#' ,3+ #01' 5#0#' 0#"3!#"' 2-' $-302##,' ' ʚSVʛ' !&'*"0#,' 5'2&' 25#*4#' ʚSTʛ' $-12#0' $30',%' 2&#' 7# 0' 2&#' )&'*"' ) 0#' . 0#,21T''%$$'!#01' 11'%,#"'2-'2&#'""-.2'-,' %$$'!#01' + "#' 2&'027V2&0##' ʚUUʛ' ,"' 3-12#0' ) 0#' /# +' ! 00'#"' -32' $'4#' ..# 0 ,!#1' ',' !-302Q' ' "#!0# 1#' -$' $-027V &3,"0#"' ,"' $'$27V1'6' +-,'2-0',%' ,"' 25-' ʚVTʛ' $-0' 2&#' !-00#1.-,"',%' .#0'-"' 13.#04'1-07' 4'1'21' 5'2&' 2&#' !&'*"0#,' 1' TRSST' ' /&#' +-12' $0#/3#,2' ..# 0 ,!#1' 12'.3* 2#"' 7'2&#'*#%'1* 2'-,T' 5#0#' $-0' 2&#' ! 2#%-07' -$' )312-"7' ' 0#%'12#0',%' #*#4#,' ʚSSʛ' 0#$#00 *1' ,"' ) 0#' "$%./,%*'%#$(#&'' ,"' )-,20-*' 0#%'12#0',%' 2&'02##,' ʚSUʛ' ' 0#$#00#"'! 1#1T' *-' ""-.2'-,' %0"#01' 5#0#' ' !-+.*#2#"'"30',%'2&#'.#0'-"T' 3%&/(#')"#('" *$'"$%./,%*' ' ' /�#'5#0#'$'$27V1'6'ʚWXʛ' "-.2'-,' "&&(&&+(*/&' #,/3'0'#1' ,"',',#2##,'ʚS[ʛ'$-0'$-12#0'! 0#' ' ',' TRSTT' ' ,,' 2-2 *Q' 2�#' 5#0#' 1#4#,27V$'4#' *',#2##,' ʚS[ʛ' 11#11+#,21' 5#0#' ʚYWʛ'#,/3'0'#1'.#02 ',',%'2-'""-.2'-,' ,"' ..0-4#"' 7' 2&#' !- 0"' -$' 5&'!&' #'%&2##,' 3-12#0') 0#T' ʚSZʛ' .#02 ',#"' 2-' "-.2'-,' ,"' -,#' 2-' ' $-12#0'! 0#T' .-")(+(*/&' ' ' );,-$'"!5&('#(.%#/&' %,*7'$-30'ʚVʛ'!&'*"0#,'5#0#'.* !#"' ' ',2-' 3-12#0' ) 0#' ,"' ""-.2'-,T' ' /
#' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2�#' ',!*3"#"' ' 2##, %#' %'0*' 5&-' 5 1' 5#0#' '2-2 *'-$'1#4#,'&3,"0#"' ,"'1#4#,27V !-,1'"#0#"' & 0"' 2-' .* !#' #! 31#' -$' �' 25-' ! 1#1' 0#.-02#"' 2-' 2&#' !- 0"T' %,#' %#T' ' f&'*#' ' 7' %'0*' ,"' 25-' ʚTʛ' 7' 2&-31 ,"' ,"' 1#4#,27V$-30' !&'*"0#,' 5#0#' -71' 5#0#' .* !#"' 5'2&' .0-1.#!2'4#' "-.2'4#'. 0#,21T' $$#!2#"T'$30',%'2&#'.0#4'-31'.#0'-"Q'2�#' ' 5#0#',',#'&3,"0#"' ,"'2#,'0#$#00 *1'5&'!&' &/"/5/%#7'&5.(#6,&,%*' '+. !2#"' -,' -,#' 2&-31 ,"' 25-' &3,"0#"' ' ,"' 25#,27V$'4#' ʚSTTWʛ' !&'*"0#,T' /&'1' 3-0'2&#'.#0'-"'3,"#0'0#4'#5'$'$2##,' 0#.0#1#,21' '"#!0# 1#'-$'-,#'&3,"0#"' ,"' ʚSWʛ'!&'*"0#,'5#0#'','$-12#0'! 0#' 2'2&#'#,"' 2&'027V#'%&2' ʚSUZʛ' ! 1#1' ,"' ' "#!0# 1#' -$' -$' h ,3 07Q' 5&'*#' 2' 2&#' #,"' -$' $#!#+ #0' -,#'&3,"0#"' ,"'$'$27V-,#'ʚSWSʛ'!&'*"0#,T'

122 Barbados Economic and Social Report 2012 V. Social Sector Development

.&7);%-%9,)"-'&(#6,)(&' ʚ!* 11' 0--+' - 1#04 2'-, +##2',%1ʛQ' &-+#' ' 4'1'21' ,"' !-3,1#**',%' $-0' 12 $$' +#+ #01T' ,,'TRSTQ' '2-2 *'-$'-,#'&3,"0#"' ,"' ʚ.*# 1#'0#$#0'2-'2 *#' #*-5ʛT' 1#4#,27V1'6' !-3,1#**',%' ,"' #4 *3 2'-,' ' 1#11'-,1' 5#0#' &#*"' 5'2&' #'%&27V2&0##' ʚZUʛ' );,-$'"!5&('"f"#(*(&&'" *$'.#(6(*/,%*' !&'*"0#,' ,"' 1#4#,27' $-30' ʚYVʛ' . 0#,21' ' +-,%' -2
T' /5#,27V1#4#,' ʚTYʛ' 0#.-021' 3-0' 2&#' .#0'-"' h ,3 07' 2-' 5#0#'50'22#,'$-0'2&#'!- 0"' ,"'2&#')-3021T' $#!#+ #0' TRSTQ' ' 2-2 *' -$' 2&0##' &3,"0#"' /
#' ',!*3"#"' ,',#2##,' ʚS[ʛ' ,"' 1'627V25-' !&'*"0#,' #,#$'2#"' $0-+' 2&#' .17!&-*-%'! *' 0#.-021' ,"' #'%&2' ʚZʛ' -2�' !&'*"' 31#' ,"' .0#4#,2'-,' .0-%0 ++#' 0#.-021'0#1.#!2'4#*7T' 5'2&',' .0'+ 07' 1!&--*1T' '-,1' 5#0#' ' !-,"3!2#"' 2' 1#4#,' ʚYʛ' 030 *' 1!&--*1' ,"' /&#' -2�' 11'%,+#,21' #6#!32#"' -,#' ʚSʛ' 30 ,' 1!&--*T' %,#' &3,"0#"' ,"' ',!*3"#"'20 ',',%'$-0'2&#'!&'*"0#,' ,"'12 $$' #'%&27V2&0##' -71' ,"' -,#' &3,"0#"' ,"' -$' 2&#' !- 0"' ,"' -2�' -0% ,'8 2'-,1Q' 1#4#,27V,',#' %'0*1' #,#$'2#"' $0-+' 2
#' 22#," ,!#' 2')-302'1#11'-,1Q'1!&--*'4'1'21' 1#11'-,1T' ' Table 5.4-18 Abuse of Children 2012 Physical Sexual Abandon- Month Neglect Emotional Total Abuse Abuse ment M F M F M F M F M F M F January 13 13 1 17 21 14 4 3 0 0 39 47 February 15 11 0 11 23 27 2 4 0 0 40 53 March 10 8 1 11 29 23 6 3 0 0 46 45 April 10 7 1 12 24 16 7 5 0 0 42 40 May 12 14 3 16 32 30 2 3 0 1 49 64 June 1 9 8 15 22 21 10 11 0 0 41 56 July 9 12 1 11 20 16 5 3 0 0 35 42 August 7 7 2 10 21 18 4 4 0 0 34 39 September 11 10 2 14 19 22 5 3 0 0 37 49 October 15 7 3 20 32 30 4 5 0 0 54 62 November 17 7 2 18 36 23 2 5 0 0 57 53 December 5 7 1 9 12 13 2 1 0 0 20 30 Total 125 112 25 164 291 253 53 50 0 1 494 580 SOURCE: Child Care Board ' ' Table 5.4-19 Abuse - Total Number of Abused Children Breakdown by Ages 2012 Ages of Physical Sexual Neglect Emotional Abandonment Total children Abuse Abuse 0-4 46 31 188 23 288 5-11 113 58 247 48 466 12-16 76 99 108 30 1 314 16+ 2 1 1 2 6 TOTAL 237 189 544 103 1 1074 SOURCE: Child Care Board '

123 Barbados Economic and Social Report 2012 V. Social Sector Development

Table 5.4-20 Abuse - New Cases & New Children January-December 2012 Physical Sexual Month Neglect Emotional Abandonment Total Abuse Abuse January 11 16 12 12 17 21 2 3 0 0 42 52 February 20 23 7 7 16 30 2 5 0 0 45 65 March 8 9 7 7 21 33 4 5 0 0 40 54 April 13 14 10 11 20 31 6 11 0 0 49 67 May 18 24 15 17 27 45 2 3 0 0 62 89 June 8 9 15 18 19 32 8 13 0 0 50 72 July 14 17 8 9 19 29 4 5 0 0 45 60 August 10 11 6 6 19 35 6 8 0 0 41 60 September 10 11 12 12 13 28 3 3 0 0 38 54 October 12 13 17 18 29 43 5 7 0 0 63 81 November 17 23 15 16 19 34 1 3 0 0 52 76 December 6 9 6 6 12 17 1 2 0 0 25 34 Total 147 179 130 139 231 378 44 68 0 0 552 764 SOURCE: Child Care Board ' ' /;('#5#"-'$(6(-%.+(*/')%++,&&,%*' 2-' #,%',##01' ,"' 0- "' !-,20 !2-01' 2-' 2&#' ' 13+'-$'$TWXQSVSTT[T' ;%5&('#(.-")(+(*/ #(.",#' ' %$' 2&#' TXW' 0- "1' !-,1203!2#"' 7' .#%9#"++(' 2&#')-++'11'-,Q'. 0!#*1'-$'* ,"'& 4#' ##,' ' 1304#7#"' -,' $'$27V25-' ʚWTʛT' /&#' /&#' )-++'11'-,' !-,2',3#1' 2-' )-++'11'-,' & 1' .0#. 0#"' 2&#' 0#*#4 ,2' 0#!#'4#' &-31',%' ,"' &-31',%' 0#* 2#"' ',$-0+ 2'-,' ,"' $-05 0"#"' 13!&' 2-' 2&#' 0#/3#121T' $30',%' TRSTQ' '2' .0-4'"#"' TVV' +','1207' -$' ;-31',%' ' - ,"1' $-0' 27.#1' -$' 1#04'!#1' 2-' 2&#' .3 *'!' 5&'!&' !/3'1'2'-,'2-'#, *#'!-+.#,1 2'-,'2-'2&#' 2-2 **#"' $TTZ' +'**'-,Q' ' 1'%,'$'! ,2' * ,"'-5,#01T' 0#"3!2'-,' $0-+' 2&#' $UTY' +'**'-,' 1.#,2' -,' ' 2&#' URT' 1#04'!#1' .0-4'"#"' 2&#' .0#4'-31' .#0'-"'','2&#'.0-%0 ++#T'' #5#"-'(*/(#.#,&('-%"*&'.#%9#"++(' ' ' $30',%' TRSTQ' 2&#' )-++'11'-,' 3-0' 2&#' .#0'-"' 3,"#0' 0#4'#5Q' 0#!#'4#"' 0#/3#121' $-0' ' 2-2 *' -$' UXT' #'%&27V-,#' ʚZSʛ' *- ,' ..*'! 2'-,1' 5#0#' 1#04'!#1'2-2 **',%'$SXTX'+'**'-,T' 0#!#'4#"T' ;-5#4#0Q' 1'627V2&0##' ʚXUʛ' *- ,1' ' % ',#"' ..0-4 *'2-'2&#'13+'-$'$WSUQYSUTXT' -$' 5&'!&' $WRRQTVVTVZ' 5 1' "'1 301#"' 2' "))%++%$"/,%*'f%#[&' 7# 0V#,"T' ' ' "!!-++-" 2'-,' 5-0)1' !-,2',3#"' "30',%' 2&#' 0#4'#5' .#0'-"' 5'2&' 2&#' #$)' $(6(-%.+(*/&' ' !-+.*#2',%' + (-0' 5-0)1' 2' 1'6' ʚXʛ' )#7' /&#' 7# 0' TRST' 1&-5#"' +-"#0 2#' *-! 2'-,1' 0-3,"'2&#''1* ,"'!-12',%' '2-2 *' '+.0-4#"' %0-52&' -4#0' 2&#' .0#4'-31' 7# 0' -$'$RTV'+'**'-,T' 5'2&' 2&#' $3,"' * ,!#1' 0#+ ',',%' ' 0#* 2'4#*7'&# *2&7T' %5/&/"*$,*9')%++,/+(*/&' ' ' &'627V2&0##' ʚXUʛ' *- ,1' 5#0#' $30',%' 2&#' 7# 0' ',' 0#4'#5Q' 2&#' ..0-4#"'','TRST'!-+. 0#"'5'2&'1'627V1'6' )-++'11'-,' &-5#4#0' 5 1' *#' 2-' 1 2'1$7' ʚXXʛ'','TRSST';-5#4#0Q'1'%,'$'! ,2*7'+-0#' 1-+#' .0#4'-31' -3212 ,"',%' !-++'2+#,21' $3,"1Q'$WSUQYSUTXTQ'-0' ,'',!0# 1#'-$'UUTR'

124 Barbados Economic and Social Report 2012 V. Social Sector Development

.#0' !#,2Q' 5#0#' ..0-4#"' ',' TRST' 5&#,' Table 5.4-23 !-+. 0#"' 5'2&' $UZXQYZUTR[' $-0' 2&#' Requests Made to the UDC in 2012 .0#4'-31'7# 0T' Project # Estimate Total ' Table 5.4-21 L. P. O 13 $ 12,000 $156,000 RDC Services 2012 Bath facilities 3 $ 15,000 $45,000 Project Beneficiaries Paid Electrical 6 $ 6,500 $39,000 Aux Works 37 $65,295.43 House repairs 208 $ 44,000 $9,152,000 Electrical 8 $44 ,240.21 New houses House repairs 66 $1,477,575.43 3 bedroom 12 $85,000 $6,120,000 LPO house repairs 22 $99,302.11 2 bedroom 72 $70,000 $840,000 New house 12 $846,544.00 1 bedroom 3 $60 ,000 $180 ,000 Painting 4 $32,479.29 Ramps 6 $5,000 $30,000 Plumbing 1 $3,500.00 Septic tank 2 $4,500 $9,000 Ramp 1 $2,600.00 Wells 37 $3,400 $125,800 Rent 24 $44,113.33 Total 362 $305,400 $16,696,800 Tank 6 $31,000.00 SOURCE: Rural Development Commission Utilities 12 $2,058.00 ' Water 20 $15,356.48 ' Table 5.4-24 Well 31 $136,139.36 Rural Enterprise Loans Approved in 2012 Total – 2012 244 $2,790,203.64 Loans Amt. Categories Total – 2011 302 $3,743,098.14 Approved Approved SOURCE: Rural Development Commission Agro - Processing 2 $15,000.00 ' Auto Repairs 1 $9,000.00 """'2'-, **7Q' "0'4#,' 7' ' 120-,%' Baking Businesses 2 $20,000.00 $'012' ,"' 1#!-,"' /3 02#0Q' ,' ',!0# 1#' ',' Construction Services 1 $10,000.00 *- ,' 0#. 7+#,21' 5#0#' 0#!-0"#"' ',' TRSTT' Cosmetology 3 $25,000.00 /&#' )-++'11'-,' & 1' *1-' ##,' '+.0-4',%' ,"' '+.*#+#,2',%' ,#5' 1712#+1' ,"' Dress Making 1 $5,000.00 Event Planning & Fashion .0-!#"30#1' ',' 0#1.-,1#' 2-' 2&#' .0#4 '*',%' 1 $10,000.00 Design #!-,-+'!'!*'+ 2#'2-'+ ',2 ','2&#'',2#%0'27' -$'2&#'*- ,1'.-02$-*'-'5&'*12'0#1.-,"',%'2-' Fishing 3 $27,502.88 2&#' ,##"1' -$' #,20#.0#,#301' ',' 030 *' Jewelry Production 2 $25,000.00 ! 0 "-1T' Manufacturing 2 $14,000.00 ' Music Production 1 $5,000.00 Table 5.4-22 Office Equipment 1 $8,000.00 Accommodation Works Completed in 2012 Pig & Poultry Production 3 $25,000.00 Estimated Project Pig Production 11 $91,000.00 cost Plant Production 1 $10,000.00 Broomfield, St. Lucy $57,679.52 Poultry Production 8 $70,500.00 Chapel Land #2, St. Philip $68,176.13 Rental 1 $10,000.00 Chapel #7, St. Philip $66,955.26 Retailing 10 $67,789.34 Cherry Grove, St. John $92,475.66 Vegetable Production 8 $56,121.40 Coffee Gully, St. Joseph $25,396.17 Woodwork Furnishing 1 $9,800.00 South District (B), St. George $175,321.85 Business Grand Total $486,004.59 Total 63 $513,713.62 SOURCE: Rural Development Commission SOURCE: Rural Development Commission

125 Barbados Economic and Social Report 2012 V. Social Sector Development

Table 5.4-25  )-,4#,#"' +##2',%1' -$' 2&#' * 2'-, *' Outstanding Commitments in 2012 )*'+ 2#' )& ,%#' )-++'22##' ʚ*)))ʛ' Project Disbursements "3%312'TU' ,"'%!2- #0'SWQ'TRSTT' Coffee Gully $39,295.04  3 !'*'2 2#"' '.0#1#,2 2'-,'-,'".0'*'TRQ' Canewood Moore TRST'2-'2&#') ',#2'&3 V)-++'22##'-,' $136,447.79 (Contractor Fees) ,,$0 1203!230#' -,' 2&#'  ##%'-, *' Canewood Moore $11,427.08 30 +#5-0)'$ -0'" !&'#4',%'$ #4#*-.+#,2' (Engineering Fees) ##1'*'#,2' 2 -' ) *'+ 2#' ) & ,%#' ,"' 2 &#' Frere Pilgrim $20,649.66 b##%'-, *' ( 30-.# ,' 5 ,'-,' 9 *- *' Cherry Grove $40,014.60 )*'+ 2#' ) & ,%#' " **' ,!#' . 0-(#!2' Bourne's Land, Ch Ch $6,126.86 ʚ9))"ʛTc'''  Jackson Tenantry Rd $5,180.26 &'%,#"' ,' %0##+#,2' 5'2&' 2&#' ) 0' # ,')-++3,'27')*'+ 2#')& ,%#' Total $256,141.29 )#,20#' ʚ)))))ʛ' $-0' ! 0 "-1_' SOURCE: Rural Development Commission . 02'!'. 2'-,' ',' 2&#' ##%'-, *' 9))"' ' .0-(#!2Q' ,"' !-,4#,#"' +##2',%1' 5'2&' ' )#7' 12 )#&-*"#01' 2-' "#$',#' ! 0 "-1_' E. !ENVIRONMENT ! .0-(#!2'#*#+#,21T''  ' ##4'1#"' 2&#' "0 $2' * 2'-, *' )*'+ 2#' %6(#6,(f' )& ,%#'.-*'!7'30 +#5-0)T'' '  &3 +'22#"' ) ',#2' . .#01' $-0Q' ,"' /&#' +','1207' -$' 2&#' (,4'0-,+#,2' $-**-5' 3.' 0#.-021' -,Q' ! 0 "-1_' ,"' $0 ', %#' ʚ+($ʛ' !-,2',3#"' '21' . 02'!'. 2'-,' ',' 2&#' +##2',%1' -$' 2&#' + ," 2#'','TRST'2-' "4 ,!#' '1312 ', *#' !- 0"' $-0' 2&#' 90##,' )*'+ 2#' 33,"' 1' "#4#*-.+#,2' .0-%0 ++#' 3,"#0.',,#"' 7' *# "',%' #"%#' #,4'0-,+#,2 *' .-*'!'#1Q' 2&#' 0#.0#1#,2 2'4#' -$' 2&#' "**' ,!#' -$' .0 !2'!#1' ,"' .0-%0 +1' 2& 2' .0-2#!2' **' &+ **' ,1* ,"' $#4#*-.',%' &2 2#1' 1.#!21' -$' -30' #,4'0-,+#,2Q' -30' 5 2#0' ʚ"%&,&ʛT' 0#1-30!#1Q'/3 *'27'-$'*'$#' ,"'&-*'12'!'5#**V  .3 *'1&#"' '.0#11'0#*# 1#'-,'2&#'90##,' #',%'-$'-30'!'2'8#,1T' )*'+ 2#' 33,"' -,' 2&#' 9,&' 5# 1'2#' -,' ' h3,#'SUQ'TRSTT' /;(' +,*,&/#7' % 3' (*6,#%*+(*/' " *$'  *#%-2' 2#"' ,"'1'%,#"' '+#+-0 ,"3+' $#",*"9(' -$'5,"#012 ,"',%'5'2&' '!-,1-02'3+'-$' ' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' !-,13*2 ,21' *# "' 7' (,4'0-,+#,2 *' +','1207' -$' (,4'0-,+#,2' ,"' $0 ', %#' 9 ',' -'+'2#"Q' ,' (,%*'1&' !-+. ,7Q' 2-' !-,2',3#"' 2-' .0-4'"#' ' !-+.0#&#,1'4#' .0#. 0#' ! 0 "-1_' &#!-,"' * 2'-, *' $0 +#5-0)' $-0' 2&#' '+.*#+#,2 2'-,' -$' )-++3,'! 2'-,1' ##.-02' ʚ&*)ʛ' 2-' 2&#' .-*'!'#1Q' .0-%0 ++#1' ,"' .0-(#!21' 5,'2#"' * 2'-,1' 30 +#5-0)' "#1'%,#"' 2-' 11'12' ! 0 "-1' ',' #6#!32',%' )-,4#,2'-,' -,' )*'+ 2#' )& ,%#' !*'+ 2#' !& ,%#' +'2'% 2'-,' +# 130#1' ,"' ʚ5*3)))ʛ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f;%')*'+ 2#')& ,%#' ,"';# *2&' .#0'-"S'' .0-(#!2T'

126 Barbados Economic and Social Report 2012 V. Social Sector Development

 . 02'!'. 2#"' ',' 1#4#0 *' -2�' "V&-!'  (12 *'1&#"' b-# 12' 2-' %5,c' !-,20 !21' +##2',%1' -,' + 22#01' %#0+ ,#' 2-' 2&#' ,"' "#*'4#0#"' #/3'.+#,2' .0-!30#"' 13 V.0-%0 ++#' 0# T' 3,"#0' 2&#' 9%! 5*$.' /#!&,'! *'  "11'12#"' 5'2&' -0% ,'8',%' 2&#' ##%'-, *' "11'12 ,!#' .0-(#!2' 2-' /3 *'$'#"' +- '*#' ))))) (5' 9*- *' )*'+ 2#' )& ,%#' "'0V!-,"'2'-,',%'1#04'!#' 31',#11#1T''' "**' ,!#' ʚ9))"ʛ' .0-(#!2' .* ,,',%'  + , %#"' ' !-,13*2 ,!7' !-,20 !2' 2-' f-0)1&-.Q' ! 0 "-1Q' SZVS[' ".0'*Q' .0#. 0#' ! 0 "-1_' ;7"0-V!&*-0-V TRSTT'' $*3-0-! 0 -,' ʚ;)3)ʛ' .& 1#V-32'  )--0"', 2#"' 2&#' &-12',%' -$' 2&#' + , %#+#,2'.* ,T'' b)*'+ 2#' )& ,%#' +-"#**',%' ,"'  )-,"3!2#"' '0#20 ',',%'+##2',%'$-0' ,' "" .2 2'-,' ',' 2&#' ) 0' # ,' ""'2'-, *' 2#,' ʚSRʛ' )312-+1' %$$'!#01' f-0)1&-.c' ,"' b&#!-,"' ",,3 *' -,' 2&#' %8-,#' $#.*#2',%' &3 12 ,!#1' +##2',%' -$' 2&#' ) 0' # ,' )*'+ 2#' ,+.-02 (6.-02'##%3* 2-07'1712#+T'' +-"#**',%' 90-3.c' 2' 2&#' 5,'4#01'27' -$'  "22#,"#"' 2&#' ) 0' # ,' %8-,#' 2&#'f#12',,"'#1'ʚ5f,ʛ''h ,3 07'[S[Q' %$$'!#01_' ,#25-0)' ,"' 90##,' )312-+1' TRSUT'' ,,'2' 2'4#' +##2',%1' &#*"' ',' . , + Q'  3 !'*'2 2#"' 2&#' &-12',%' -$' 2&#' 5,'2#"' %!2- #0'UXQ'TRSTT''' * 2'-,1' 30 +#5-0)' )-,4#,2'-,' -,'  )--0"', 2#"' 2&#' .0-!30#+#,2' -$' %$&' )*'+ 2#' )& ,%#' ʚ5*3)))ʛ' (6.#02' .& 1#V-32' . 0 .�, *' ' -,' #& *$' -$' +##2',%'-,'--11' ,"'$ + %#'$-0'&+ **' 2&#') 0' # ,'%8-,#'%$$'!#01_'*#25-0)' ,1* ,"' $#4#*-.',%' &2 2#1' ʚ&,$&ʛT' /&#' 2-' #' 31#"' ',' .3 *'!' #"3! 2'-,' ,"' +##2',%'5 1'!-,4#,#"' 2'2&#'! 0 "-1' 5 0#,#11' ','2' 2'4#1' !0-11' 2&#' ;'*2-,';-2#*'-,'[SS'%!2- #0Q'TRSTT' 0#%'-,T''  )-,2',3#"' 2-' #' !2'4#*7' #,% %#"' ','  . 02'!'. 2#"'','2&#'UT ," '+##2',%'-$'2&#' 2&#' ',2#0, 2'-, *' ,#%-2' 2'-,' .0-!#11' %.#,' (,"#"' f-0)',%' 90-3.' ʚ%(f9ʛ' #12 *'1&#"' 7'2&#'5*3)))'2-'"#$',#' ' -$' . 02'#1' 2-' 2&#' +-,20# *' .0-2-!-*' ',' .-12VTRST' 9*- *' )*'+ 2#' )& ,%#' ! ,%)-)Q' /& '* ,"' -,' TUVTY' h3*7Q' ##1.-,1#'30 +#5-0)T''' TRSTT'' '  .0-4'"#"' 0#/3'0#"' 0#.-021' 2-' 2&#' %o%*('$(.-(/,*9'&5!&/"*)(&'.;"&(V%5/' %8-,#' &#!0#2 0' 2' -,' ! 0 "-1_' +"*"9(+(*/'.#%9#"++(' !-+.*' ,!#' !2'-,1'3,"#0'2&#'+-,20# *' ' .0-2-!-*T' /&#'- (#!2'4#'-$'2&'1'.0-%0 ++#''1' ' 2-' .& 1#V-32' 2&#' '+.-02 2'-,' ,"' 31#' -$' 9-%!"-'(*6,#%*+(*/'3"),-,/7'ʚ9(3ʛ' %8-,#'$#.*#2',%'&3 12 ,!#1'',' !!-0" ,!#' )%%#$,*"/,%*' 5'2&' , 2'-, *' - *'% 2'-,1' 3,"#0' 2&#' ' +-,20# *' .0-2-!-*' 2-' 2&#' 6'#,, ' /&#'- (#!2'4#'-$'2&'1'.0-%0 ++#''1' )-,4#,2'-,'-,'2&#'.0-2#!2'-,'-$'2&#'%8-,#' 2-' .0-+-2#' 2&#' ',2#%0 2'-,' -$' 2&#' 9*- *' - 7#0T' (,4'0-,+#,2' 3 !'*'27' ʚ9(3ʛ' 1' ' $', ,!',%' ' +#!& ,'1+' $-0' .0-(#!21' -$' , 2'-, *' ,"' $30',%' 2&#' 0#.-02',%' .#0'-"' 2&#' 0#%'-, *''+.-02 ,!#T' $-**-5',%' 5#0#' !&'#4#"' 7' 2&#' +','1207' ' 3,"#0'2&'1'.0-%0 ++#S' /&#' !&'#4#+#,21' "30',%' 2&#'  )-,4#,#"' +##2',%1' -$' 2&#' * 2'-, *' 0#4'#5'.#0'-"'5#0#' 1'$-**-51S'' %8-,#' )-++'22##Q' ,"' 2&#' 13 V  &3..*'#"' 9(3' ',$-0+ 2'-,' 2-' )#7' !-++'22##' $-0' 2&#' ;7"0-V!&*-0-V 12 )#&-*"#01'',4-*4#"'','2&#'9(3'3-! *' $*3-0-! 0 -,' ʚ;)3)ʛ' .& 1#V-32' 0# 1' -$' )*'+ 2#' )& ,%#Q' !'-"'4#01'27Q' + , %#+#,2'.* ,'.0-(#!2T' ,"'- ,"'$#%0 " 2'-,T'

127 Barbados Economic and Social Report 2012 V. Social Sector Development

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128 Barbados Economic and Social Report 2012 V. Social Sector Development

/&#' &-*'"' f 12#' .0-(#!2' 5,'2'  .0#. 0 2'-,'-$' '.-*'!7'$-0'',$-0+ 2'-,' !-,"3!2#"' 2&#' $-**-5',%' ','2' 2'4#1' 1& 0',%' +-,%' "#. 02+#,21' -$' 2&#' 2&0-3%&-32'2&#'0#4'#5'.#0'-"S'' +','1207'-$'(,4'0-,+#,2' ,"'5'2&')#7'  $'4#02#"' YRTR' .#0' !#,2' 5 12#' 5 7' 120 2#%'!'. 02,#01R'' $0-+'2&#'* ,"$'**T''  /0 ',',%'-$')o+5'12 $$R'  )-,"3!2#"' '[,-5*#"%#Q'"22'23"#1' ,"'  .0#. 0 2'-,' -$' ' &20 2#%'!' "!2'-,' .* ,' .#0!#.2'-,1' &304#7' 5&'!&' 0#4# *#"' ʚ&".ʛ' $-0' $'1 12#0' #'1)' + , %#+#,2' 2& 2' WVTR' .#0' !#,2' -$' 0#1.-,"#,21' ʚ$#+ʛ'','2&#'!- 12 *'8-,#R' ',"'! 2#"' '5'**',%,#11'2-'0#"3!#'2&#'0'  .0#. 0 2'-,'$-0' '&20 2#%'!'.* ,'$-0'2&#' 5 12#' ,"' ' $302�' UZTR' .#0' !#,2' )o+5R' 12 2',%' 2& 2' 2' 5#0#' 5'**',%' 2-' 12 02'  .0#. 0 2'-,' -$' ' .3 *'!' ("3! 2'-,' 0#"3!',%T' &'627V,',#ʚX[TRʛ' .#0' !#,2' -$' &20 2#%7R' 0#1.-,"#,21'12 2#"'2& 2'2'!300#,2*7'  5." 2#' -$' 2&#' * 2'-, *' ,,2#%0 2#"' 0#31#' ,"' 0#!7!*#' 5&'*#' TUTR' .#0' !#,2' )- 12 *' o-,#' + , %#+#,2' .* ,' 2-' 5#0#' 5'**',%' 2-' 12 02' 0#31',%' ,"' ' + ',120# +' $'1 12#0' #'1)' $302�' TWTR' .#0' !#,2' 5#0#' 5'**',%' 2-' + , %#+#,2' ,"' )*'+ 2#' )& ,%#' 12 02' 0#!7!*',%T' ' 3-027V-,#ʚVSTRʛ' .#0' "" .2 2'-,R' !#,2'-$'0#1.-,"#,21'!300#,2*7'1#. 0 2#'  .0#. 0 2'-,' -$' ,' 3." 2#"' ,"' 2&#'0'% 0 %#'5&'*#' '$302�'VXTR'.#0' #6. ,"#"' -.#0 2'-,' + ,3 *' $-0' 2&#' !#,2' 0#' 5'**',%' 2-' 12 02' 1#. 0 2'-,' -$' )o+5T' 5 12#' ,"' SYTR' .#0' !#,2' -$' ' 0#1.-,"#,21' !300#,2*7' !-+.-12' 5&'*#' #(95-"/%#7'+%*,/%#,*9'" *$' '$302�'VYTR'.#0'!#,2'12 2#"'2& 2'2' (*3%#)(+(*/' 5#0#' 5'**',%' 2-' 12 02' !-+.-12',%T' ' %4#0 **' ZTTR' .#0' !#,2' -$' 0#1.-,"#,21' $30',%' 2&#' 0#.-02',%' .#0'-"' 2&#' 12 2#"' 2& 2' #,4'0-,+#,2 *' $-**-5',%' -32!-+#1' 5#0#' !&'#4#"' 7' 2&#' 0#1.-,1' '*'27' * 7' 5'2&' 2&#' ',"'4'"3 *Q' 5'2&'-,*7'SSTR'.#0'!#,2'12 2',%'2& 2''2''1' ) 4#1'-$'! 0 "-1'-'+'2#"'ʚ)!-ʛS''  %-4#0,+#,2_1' 0#1.-,1' '*'27' ,"' XTR' )-,2',3#"' 2&#' #,4'0-,+#,2 *' .#0'!#,2'12 2',%''2''1'2&#'0#1.-,1' '*'27' +-,'2-0',%' .0-%0 ++#' $-0' 5 2#0' -$' 2&#' +','1207' -$' ;# *2&' -0' /3 *'27' 5&'!&' ',4-*4#1' !-**#!2',%' (,4'0-,+#,2T' +-,2&*7' 5 2#0' 1 +.*#1' 2' 1#4#,' ʚYʛ' ' .-',21' ,"' 1#,"',%' 2&#+' 2-' 2&#' /&#' )- 12 *' o-,#' + , %#+#,2' 9-4#0,+#,2'", *72'! *''!#1'$-0'2&#' 5,'2' ʚ)o+5ʛ' !-,2',3#"' 2-' 0#!#'4#' ,"' , *71'1'-$'2-2 *'!-*'$-0+Q'(T!-*'Q'-02&-V 11#11' ' "'4#01'27' -$' ..*'! 2'-,1' 2-' .&-1.&-0-31' ,"','20 2#T' "#4#*-.'!- 12 *' * ,"1' $0-+' 2&#' /-5,' ,"'  5,"#02--)' " '*7' ',1.#!2'-,1' -$' 2&#' )-3,207' $#4#*-.+#,2' .* ,,',%' %$$'!#' 20 +1Q' 2&#' +#!& ,'! *' -.#0 2',%' ʚ/)$.%ʛT' $30',%' TRSTQ' 2&#' 5,'2' 11#11#"' 1712#+1Q' 2&#' #*#!20'! *' 1712#+1' ,"' ,"' "4'1#"' 2&#' )&'#$' /-5,' .* ,,#0' -,' %0-3,"1T'' $'$27V25-' ʚWTʛ' ..*'! 2'-,1' 2-' "#4#*-.' ' !- 12 *'* ,"1T'' $30',%' TRSTQ' 2&#' $-**-5',%' ' -32!-+#1' 5#0#' !&'#4#"' 7' 2&#' 5,"#0'2&#')- 12 *'#'1)'"11#11+#,2' (,4'0-,+#,2 *' .0-2#!2'-,' $#. 02+#,2' ,"'+ , %#+#,2'.0-%0 ++#'ʚ)#+.ʛQ'2&#' ʚ(.$ʛS'' /#0+1' -$' ##$#0#,!#' $-0' 2&#' $-**-5',%'  )-+.*#2#"' 2&#' 0#.-021' -$' 2&#' !-+.-,#,21' 5#0#' $', *'8#"' 7' 2&#' )o+5' 0#%3* 2-07' ',1.#!2'-,1' -$' ! 0 "-1' 12 $$'"30',%'TRSTS' !-22*',%' )-+. ,7Q' !!' $'120' 32'-,'  .0#. 0 2'-,' -$' ' &20 2#%'!' "!2'-,' .* ,' ,"'.',#';'**'$ '07' ,"'2&#'0#.-02'-,' ʚ&".ʛ' $-0' )*'+ 2#' )& ,%#' "" .2 2'-,' 2&#'!-+.*' ,!#'',1.#!2'-,'-$'! 0 "-1' ʚ))"ʛ'','2&#'!- 12 *'8-,#R' * 2'-, *'/#0+', *')-T'-2"T''

129 Barbados Economic and Social Report 2012 V. Social Sector Development

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130 Barbados Economic and Social Report 2012 V. Social Sector Development

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131 Barbados Economic and Social Report 2012 V. Social Sector Development

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132 Barbados Economic and Social Report 2012 V. Social Sector Development

SR 2& ' ",,3 *' SR[' #3,' ,"' W[' f *)' ',' $#' &20#,%2&#,',%',,'2' 2'4#'$-0'2&#')-,1#2'! 7' ;# 02'-$'! 0 "-1T'' 3'1&',%' )-++3,'27T' ,,' ""'2'-,Q' 25-' ʚTʛ' ' #"3! 2'-, *' 4'"#-1' 5#0#' .0-"3!#"' V' $30',%' TRSTQ' 2&#' 33,"' $-0' *-,V b"..*7',%' 2&#' )-"#' -$' )-,"3!2' $-0' .0-$'2' %0% ,'1 2'-,' 0#/3#12#"' $-0' ##1.-,1' *#' 3'1�'#1' ',' ! 0 "-1c' ,"' "'1 301#+#,2' !$&$XWQRRRTRR' 2-' 2&#' b,1* ,"'f 2#01&#"1S'"'---)' 2')-,1#2'! 7cT''' )-.70'%&2' ,"',,2#**#!23 *'.0-.#027'#'%&21' ' %$$'!#' ʚ)",.%ʛ' 0#%'12#0#"' -0% ,'1 2'-,1' $30',%' 2&#' 0#.-02',%' .#0'-"' 2&#' ,"' 1!&--*1T' /
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#' ',!*3"#"S' +-2�_1' &3 V##%'-,' $-0' ' &312 ', *#' ##1-30!#' $ 7' ,"'3 2�_1'$ 7'&.#!' *1'2-'*-! *1R' + , %#+#,2'.0-(#!2'4 *3#"' 2'5&'$WRQRRR' ; 00'1-,_1' ) 4#' US12' !'02&" 7' ʚ5'2&' ,' #/3'4 *#,2' ',' 9-4#0,+#,2' )-V )#*# 0 2'-,' .0-+-2'-,R' ,"' 13++#0' 3', ,!',%ʛ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�'#1' %-4#0, ,!#' ,"' 2&#'"0 -0'$ 7'(6.-'-,'&#.2#+ #0'TTQ' + , %#+#,2T' TRSTT'' '  5,"#02--)' ',3+ #0'-$'%3**7'5 *)1' 1' ,,' $#!#+ #0' TRSTQ' 2&0##' ʚUʛ' . 02' -$' (,4'0-,+#,2' +-,2&' "-!3+#,21' "#2 '*',%' 2&#' -32!-+#1' -$' 2&#' !#*# 0 2'-,1T'' .0-(#!2'5#0#'.0#1#,2#"'2-'2&#'9-4#0, ,!#'  ;#*"' ' 93**7' f *)Q' .3 *'!' $ 7' /'+#' )-++'22##Q' , +#*7S' ' .0#*'+', 07' )-,1#2' -#!230#' ,"' ' )312-+#0' "..0#!' 2'-,' ! 7' f 2#01&#"' &2 2#' -$' 2&#' (,4'0-,+#,2' $ 7' 2-' !-++#+-0 2#' ; 00'1-,_1' ) 4#' ##.-02R' '--! *'&312 ', *#'3'1�'#1')-"#' US12' ,,'4#01 07' "30',%' *-4#+ #0' 2-' .0-+-2#' ##1.-,1' *#' 3'1�'#1' TRSTT'' $#4#*-.+#,2' ,"' + , %#+#,2R' ,"' 2&#'  )-,2',3#"' 2-' 11'12' #"3! 2'-, *' $',"',%1'-$' ,',,12'232'-, *'"11#11+#,2' ,"' ',12'232'-,1' $0-+' 2&#' .0'+ 07Q'

133 Barbados Economic and Social Report 2012 V. Social Sector Development

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134 Barbados Economic and Social Report 2012 V. Social Sector Development

"0 -0' $ 7' &#.2#+ #0' TRSTQ' 2' 2&#' /&#' &-*'"' f 12#' .0-(#!2' 5,'2' )-++'11'-,_1' )-"0',%2-,' ;# "/3 02#01 T'' ','2' 2'4#1' $-0' TRST' ',!*3"#"S' &-+#' !-+V /&#' 4'"#-' .0#1#,2 2'-,1' 5#0#' -,' 2&#' .-12',%' 5-0)1&-.1Q' !-** -0 2',%' 5'2&' $-**-5',%' 2-.'!1' ' ʚ ʛ)*'+ 2#' !& ,%#' -2�'+($'"#. 02+#,21'-,' !2'4'2'#1'13!&' ,"' 2&#' + 0',#' (,4'0-,+#,2Q' ,"' 2&#' 1'(,4'0-,+#,2'+-,2&' ,"'"0 -0'$ 7Q' ,"' '+. !2' -,' /-30'1+' ,"' ʚ ʛ' .&-2-V . 02'!'. 2',%'','2&#'V#1'3 '0'ʚ3 '0'$-!31',%' 4-*2 '!' /#!&,-*-%7' ,"' &312 ', *#' -,' ##"3!#Q' ##31#' ##!7!*#' ,"' (,#0%7' 3'1�'#1T' ##!-4#07ʛT'  )#*# 0 2',%' "0 -0' $ 7' ',' &#.2#+ #0' ' TRSTT' /&#' !2'4'2'#1' &#*"' 2-' f'2&' 0#% 0"1' 2-' 2&#' )o+5Q' 2&#' !-++#+-0 2#' * 2'-, *' "0 -0' $ 7' $-**-5',%' ','2' 2'4#1' 5#0#' 3,"#02 )#,' TRST'',!*3"#"S'' "30',%'2&#'0#4'#5'.#0'-"S'' o .* ,2',%' ,"' "'120' 32'-,' -$' -4#0'  $#*'4#0#"' .0#1#,2 2'-,1Q' *#!230#1' ,"' TQRRR'20##1T' $'#*"' 20'.1' -,' 0#/3#12#"' !- 12 *' ,"' o ;-*"',%' 2&#' X 2& ' ,,3 *' %#,#0 *' #,4'0-,+#,2 *' '113#1' 2-' (,4'0-,+#,2 * "0 -0' (6.-' 5&'!&' 4 0'-31' ',12'232'-,1' 5&'!&' ',!*3"#"S' 220 !2#"' 1-+#' $'$27V$'4#' ʚWWʛ' 2&#' )#,20#' $-0' ##1-30!#' + , %#+#,2' #6&' '2-01T' ,"' (,4'0-,+#,2 *' &23"'#1' ʚ)(#+(&ʛ' o && 0',%' ' ,3+ #0' -$' 2' 2&#' 5,'4#01'27' -$' 2&#' f#12' ,,"'#1' #,4'0-,+#,2 *'$'*+1T''' ʚ5f,ʛQ' 2&#' %#-%0 .&7' 123"#,21' 2' 2&#' o ;-*"',%' 5-0)1&-.1' ,"' 4 0'-31' ! 0 "-1' )-++3,'27' )-**#%#' ʚ!))ʛQ' "#+-,120 2'-,1' 5&'!&' $-!31#"' -,' ,"' .0'4 2#' ,"' .3 *'!' .0'+ 07' ,"' ' ,3+ #0' -$' .#02',#,2' 0# 1' 1' '2' 1#!-," 07'1!&--*1T' 0#* 2#1'2-'%0##,',%Q'',!*3"',%'.* ,2'  $#4#*-.#"' ,"' + ',2 ',#"' '21' ! 0#Q' .* ,2' .0-. % 2'-,Q' 0#!7!*',%Q' 0#.32 2'-,' 1' ,' #"3! 2-0' ',' 2&#' 0# ' !-+.-12',%' ,"' *2#0, 2'4#'#,#0%7' -$' !- 12 *' 8-,#' + , %#+#,2' ,"' -,' 1-*32'-,1T' %#,#0 *'.0-2#!2'-,''113#1T'' o ,,12 **',%' #'%&2' ʚZʛ' #,4'0-,+#,2 *'  $'120' 32#"' 2&#' $'012' #"'2'-,' -$' 2&#' ,,#01' *-,%'2&#'*))'"0'4#5 7T''' b)- 12 *'.* ,,',%'; ," --)c'2-' '5'"#'  ,,12 ** 2'-,' -$' ' VQRRR' 5 22' 1.#!203+'-$'2&#'.3 *'!T' .&-2-4-*2 '!'1712#+'5'2&'1'62##,'ʚSXʛ'  )-,2',3#"' 2-' 3.%0 "#' 2&#' /3 *'27' ,"' 22#0'#1' 2-' .0-4'"#' .-5#0' $-0' 2&#' #12'!1'-$''21'.-12#01T' 1#!30'27' *'%&2',%' -,' 2&#' )-++'11'-,_1'  $'120' 32#"' '+.0-4#"' 0- !
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#'*-! 2'-,1T'  '.0-"3!#"' ,"' 1&-5! 1#"' .-12#01'  ,,12 ** 2'-,'-$' '25-'ʚTʛ')'*-5 22'1-* 0' 0#* 2#"' 2-' 2&#' ;-*#2-5,' f 2#0$0-,2' .-5#0#"' 1712#+' 2' 2&#' %'12',1' ! 7' ,+.0-4#+#,2'','2&#'#6&' '2'-,'0--+' 2' 9 0"#,1' )-+.*#6Q' ',' !-** -0 2'-,' 2&#' 3-*)#12-,#' + 0',#' . 0)' ,"' 5'2&' 2&#' ! 0 "-1' * 2'-, *' %'*' ##1#04#T' )-+. ,7' ʚ!*%)ʛT/&'1' 1712#+' 5'**' #'  3 !'*'2 2#"' ' ,3+ #0' -$' ,#51. .#0' 31#"' 2-' .-5#0' 2&#' *'%&21' 0-3,"' 2&#' 02'!*#1' ,"' 0 "'-' ',2#04'#51' !-+.*#6T' "#1!0' ',%' 2&#' )#"+.' + (-0' '

135 Barbados Economic and Social Report 2012 V. Social Sector Development

- (#!2'4#1' ,"' !2'4'2'#1' 2&0-3%&' 2&#'  ) 00'#"'-32'/3 02#0*7' # !&'.0-$'*#1' 2' 9,&T' 2&0##'ʚUʛ'*-! 2'-,1'',') 0*'1*#'! 7T''  .0-"3!#"' $-30' ʚVʛ' 12 ,"',%' ,,#01'  $#.*-7#"'.#0+ ,#,2'+--0',%'!*-1#'2-' "#1!0' ',%' )#"+.' 2-' "'1.* 7' 2' + (-0'50#!)1Q' 1'5#**' 1'$302�' 5 7' 4 0'-31'#4#,21T' 2-' .0#4#,2' " + %#' 2-' 2&#' '-2 T' ,,'  ;#*"' ' +##2',%' 5'2&' ',"'4'"3 *' 12 )#V ""'2'-,Q' +--0',%' 3-71' "#+ 0! 2#' &-*"#01'2-'"'0#!2*7'',$-0+'2&#+'-$'2&#' 2&#' #,2'0#' .0-2#!2#" )-,1#04 2'-,' ;-*#2-5,'.0-(#!2T' "0# T''  .0-"3!#"' ,"' "'11#+', 2#"' 2&#'  )-,2',3#"' 2-' !2'4#*7' . 02'!'. 2#' ',' ;-*#2-5,' f 2#0$0-,2' ,+.0-4#+#,21' 4 0'-31' !-++'22##1' ',!*3"',%S' 0'#$',%' --)*#2' 2-' .0-(#!2' !'-"'4#01'27' ,"' ),/(&' )-++'22##R' 12 )#&-*"#01T' (62#,"#"')-,2',#,2 *'&&#*$')-++'22##'  (,% %#"' 2&#' .3 *'!' 2&0-3%&' 2&#' ,"'2&#'3'1�'#1'""4'1-07')-++'22##' )-++3,'27' .#01.#!2'4#' $'1!311'-,' ʚ3")ʛT'' 1#0'#1'-,'h3,#'SUQ'TRSTT''  5,"#02--)' ! 0 "-1' &#!-,"' * 2'-, *' ' )-++3,'! 2'-,' ##.-02' ʚ&*)ʛ' 2-' 2&#' *"/,%*"-' 9%6(#*"*)(' .#%)(&&Q' 5,'2#"' * 2'-,1' 30 +#5-0)' ."#/*(#&;,.&' " *$' )%%.(#"/,%*' )-,4#,2'-,' -,' )*'+ 2#' )& ,%#' ʚ5*3))ʛT'' "##"*9(+(*/&' ' ' /&#' (.$' 1' ' +#+ #0' -$' 2&#' (4/#"V*"/,%*"-' 9%6(#*"*)(' .#%)(&&Q' (,4'0-,+#,2 *' ,+. !2' "11#11+#,2' ʚ(,"ʛ' ."#/*(#&;,.&' " *$' )%%.(#"/,%*' 0#4'#5'. ,#*'0#4'#5#"'/#0+1'-$'##$#0#,!#' "##"*9(+(*/&' $-0' (,"1Q' (,"' 0#.-021Q' 1!-.',%' 123"'#1' ,"' ' +-,'2-0',%' .* ,1' +-,%12' -2
' $-0' ,,' h3,#' TRSTQ' 2&#' 5,'2#"' * 2'-,1' 25#,27V25-' ʚTTʛ' ..*'! 2'-,1' 5&'!&' 5#0#' )-,$#0#,!#' -,' &312 ', *#' $#4#*-.+#,2' 13 +'22#"' 1'. 02'-$'2&#'(,"'.0-!#11T' ʚ#'-ƍTRʛ' 5 1' &#*"' ',' #'-' "#' h ,'#0-Q' ' !0 8'*T' ' /&#' 2&#+#1' $-0' 2&#' TRST' $30',%' TRSTQ' 2&#' &-*'"' f 12#' !-,$#0#,!#'5#0#'ʚ ʛ'2&#'90##,'(!-,-+7'',' .0-(#!2'5,'2'!-+.*#2#"'-,#'ʚSʛ'7# 0'-$'2&#' 2&#' !-,2#62' -$' .-4#027' #0 "'! 2'-,' ,"' + 0!&$'#*"' ,"'','2' 2#"'2&#')-4#0*#7'.'*-2' 1312 ', *#' "#4#*-.+#,2' ,"' ʚ ʛ' 2&#' .0-(#!2'-,'[#0 1'"#'0#!7!*',%T' ,,12'232'-, *' 30 +#5-0)' $-0' &312 ', *#' ' $#4#*-.+#,2T''' $30',%' 2&#' 0#4'#5' .#0'-"' 2&#' ' )o+5'#,% %#"'','2&#'$-**-5',%' !2'4'2'#1S'' /&#' 9-4#0,+#,2' -$' ! 0 "-1'  .0-4'"#"' 0#%3* 0' 2#!&,'! *' "4'!#' ,"' .* 7#"' '1'%,'$'! ,2'0-*#'','2&#'0#%'-, *' ,"' " 2 ' ',.32' 2-' 2&#' /#!&,'! *' 13 V0#%'-, *' .0#. 0 2-07' .0-!#11#1' ,"' &3 !-++'22##' $-0' 9,&' 3,"#0' 2&#' ,#%-2' 2'-,1' #1.#!' **7' ',' *'%&2' -$' 2&#' 5*))$'&312 ', *#'- ,"'+ , %#+#,2' 1'%,'$'! ,2', 2'-, *'5-0)' #',%'3,"#02 )#,' .0-(#!2'ʚ&-+ʛT'' 2-' .0#. 0#' 2&#' 90##,' (!-,-+7' &!-.',%'  ;#*"' '+##2',%'5'2&'0#1.#!2'2-'2&#'$'012' &23"7T''"+-,%'2&#'!0'2'! *'-32!-+#1'-$'2&#' * 2'-, *' ,,2#01#!2-0 *' )-++'22##' )-,$#0#,!#' 5&'!&' 5'**' 0#/3'0#' 2&#' ʚ*,)ʛ' 5&'!&' 5 1' 0#/3'0#"' 3,"#0' 2&#' 22#,2'-,' -$' 2&#' 9-4#0,+#,2' -$' ! 0 "-1' ) 0' # ,' - 0%#' + 0',#' (!-1712#+' 0#S' ʚ)-+(ʛ'.0-(#!2T'' ST $#1'%, 2'-,'-$' ' -"7'2-'-.#0 2'-, *'1#'  + "#' 0#.0#1#,2 2'-,' -,' 2&#' f-0*"' 2&#'SRV7# 0'30 +#5-0)'-,'&312 ', *#' ;#0'2 %#')-++'22##T' )-,13+.2'-,' ,"'.0-"3!2'-,R'  )-++#,!#"' 2&#' )#+.' '+#"' 2' TT $#2#0+', 2'-,' -$' +-" *'2'#1' $-0' 2&#' 3'*"',%' 0#1'*'#,!#' 2-' !- 12 *' 0'1)1' /&'0"' ,,2#0, 2'-, *' )-,$#0#,!#' -,' 2&0-3%&' '+.0-4#"' !-,1#04 2'-,' ,"' &+ **' ,1* ,"' $#4#*-.',%' &2 2#1' 2-' #' + , %#+#,2'-$'2&#'!- 12 *'8-,#T'' !-,4#,#"'','TRSVR'

136 Barbados Economic and Social Report 2012 V. Social Sector Development

UT ,"#,2'$'! 2'-,' -$' 2&#' $-0+ 2' ,"' &2 02' .0-%0 ++#' /0312' 33,"' -$' 2&#' -0% ,'1 2'-,' -$' 2&#' &'%&V*#4#*' $-03+' &20 2#%'!' "..0- !&' 2-' ,,2#0, 2'-, *' 5&'!&''1'2-'0#.* !#'2&#')-++'11'-,'-,' )&#+'! *1'+ , %#+#,2'ʚ5&$SZUQWRRʛT'' &312 ', *#'$#4#*-.+#,2R' /&#' .0-(#!2' %#,#0 2#"' 0#.-021' $-0' 2&#' VT &20#,%2&#,',%' -$' 2&#' 5,'2#"' * 2'-,1' &'23 2'-,'", *71'1Q'9 .'", *71'1Q'-#% *' (,4'0-,+#,2'.0-%0 ++#R' ", *71'1Q' )-+.0#&#,1' '*'27' 2#12',%Q' WT )-,12'232'-,' -$' ' 5-0)',%' %0-3.' 2-' * 2'-, *',+.*#+#,2 2'-,'&20 2#%7' ,"' "#4#*-.' %*- *' 1312 ', *#' 2&#'* 2'-, *'f-0)1&-.T' "#4#*-.+#,2'%- *1'ʚ&$91ʛ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�' 9#,#0 *' $-0' ' $ !'*'2 2'-,' +#!& ,'1+' '113#1'0#* 2#"'2-''+.*#+#,2 2'-,'-$'2&#' 2& 2' .0-+-2#1' 2&#' "#4#*-.+#,2Q' 9;&'','! 0 "-1T'' 20 ,1$#0' ,"' "'11#+', 2'-,' -$' !*# ,'  $#4#*-.',%' '9;&' "4#02'1#+#,2'2-' #' ,"' #,4'0-,+#,2 **7' 1-3,"' '0#"' -,' 2#*#4'1'-,T' /5-' ʚTʛ' 27.#1' -$' 2#!&,-*-%'#1R'' .-12#01' 2-' #"3! 2#' 2&#' .3 *'!' -32' ZT / )#' '"#!'1'-,'','25-'ʚTʛ'7# 01'-,'2&#' 9;&' .'!2-%0 +1' ,"' * #*1' 5#0#' *1-' "#4#*-.+#,2' -$' ,' ',2#0, 2'-, *' "#4#*-.#"' .0',2#"' ,"' "'120' 32#"' 2-' ',1203+#,2' 3,"#0' 5*)-%&' 0#% 0"',%' 2 0%#2#"'12 )#&-*"#01T'' + 0',#' '-"'4#01'27' ',' 0# 1' #7-,"'  &.-,1-0',%' ʚ!$&$SRQRRR' $0-+' 9;&' , 2'-, *'(30'1"'!2'-,R' ,"' .0-(#!2' $3,"1ʛ' ' .-12#0' !-+.#2'2'-,' [T - 3,!&' ' .0-%0 ++#' -$' 5-0)' -,' -0% ,'8#"' 7' 2&#' * 2'-, *' ""4'1-07' 0- "#0' +# 130#1' 2-' !-+.*#+#,2' )-++'22##'-,'%!!3. 2'-, *';# *2&T' %0-11'"-+#12'!'.0-"3!2'ʚ9$.ʛ'2&0-3%&'  5." 2',%' 2&#' #6'12',%' ',4#,2-0'#1' 2&#' 5,'2#"' * 2'-,1' &2 2'12'! *' 3,"#0' 2&#' &2-!)&-*+' )-,4#,2'-,' -,' )-++'11'-,T''' .#01'12#,2'%0% ,'!'.-**32 ,21T' '  &#,"',%' /3 02#0*7' 1 +.*#1' -,' 2&#' $30',%' TRSTQ' 0#.0#1#,2 2'4#1' -$' (,4'0-,+#,2' 2-' ) , " ' 1' . 02' -$' 2&#' 2&#' )!-' 22#,"#"' !-,$#0#,!#1' ,"' 9*- *' "2+-1.�'!' . 11'4#' & +.*',%' 5-0)1&-.1' 5&'!&' .0-4'"#"' -..-023,'2'#1' ʚ9".&ʛ'.0-%0 ++#T'' $-0' . 02,#01&'.1' ,"' !--.#0 2'4#'  "22#,"',%' +##2',%1' !-,4#,#"' 7' 2&#' %0##+#,21T',,' ""'2'-,Q'2-'$-12#0' 31',#11' 1#!0#2 0' 21' -$' +3*2'* 2#0 *' 0#* 2'-,1&'.1' ,"'2-''+.0-4#'+ 0)#2 '*'27' #,4'0-,+#,2 *' %0##+#,21' $-0' %.)fQ' )!-' 5 1' 0#.0#1#,2#"' 2' 2&#' $-**-5',%' ,"'&2-!)&-*+')-,4#,2'-,1T' 20 "#' 1&-51S' 3*-0'" ' ) 0' # ,' )03'1#' ' "11-!' 2'-,' )-,$#0#,!#' ,"' /0 "#' &&-5' f'2&' 0#% 0"1' 2-' 2&#' )o+5Q' 2&#' ,"'2&#'f-0*"'/0 4#*'+ 0)#2T' $-**-5',%' ','2' 2'4#1' 5#0#' 3,"#02 )#,' ' "30',%'2&#'0#4'#5'.#0'-"S'' $30',%'TRSTQ'2&#'(.$'!-,2',3#"'2-'  )-,2',3#"' 2-' .0-4'"#' 2#!&,'! *' #' ',4-*4#"' ',' 1#4#0 *' (620 V, 2'-, *' #6.#02'1#' 2-' 2&#' ,,$-0+ 2'-,' ','2' 2'4#1T'/
#'',!*3"#"S' + , %#+#,2' &712#+ ##%'-, *'  )-,2',3',%' 2-' "#4#*-.' ' * 2'-, *' (!-1712#+' +-,'2-0',%' .0-%0 ++#' ,+.*#+#,2 2'-,'&20 2#%7'$-0'2&#'9*- *' ʚ,+& #(+.ʛ' .0-(#!2' 3,"#0' 2&#' ; 0+-,'8#"' &712#+' $-0' 2&#' ) 0' # ,' - 0%#' + ',#' (!-1712#+' )* 11'$'! 2'-,' ,"' - #**',%' -$' .0-(#!2' 7' 2&#' 9*- *' (,4'0-,+#,2 *' )&#+'! *1' ʚ9;&ʛ' 5&'!&' '1' #',%' 3 !'*'27' ,"' -2�' ',2#0, 2'-, *' $3,"#"'2&0-3%&' '%0 ,2'$0-+'2&#'i3'!)' . 02,#01T'

137 Barbados Economic and Social Report 2012 V. Social Sector Development

 ##.0#1#,2#"' ,"' -$$#0#"' 9,&' 13..-02' .3 *'!' !-,$'"#,!#' ',' 2&#' $-0!#' '*'27' 2-' 2-' 2&#' , 2'-, *' !-++'22##' $-0' 2&#' .0-2#!2' ,"'0# 1130#T'' #62#,"#"' !-,2',#,2 *' 1&#*$' !* '+' -$' ' ! 0 "-1'3,"#0'"02'!*#'YX'-$'5*)-%&T'' $30',%'2&#'0#4'#5'.#0'-"Q'2&#'$-0!#'  . 02'!'. 2#"'','2&#'$-**-5',%'+##2',%1S'' 5 1' $ !#"'5'2&' 2&#' !& **#,%#'-$' ',!0# 1#"' o (!-*-%'! *' ,"' !'-*-%'! *' !-..#0' 2&#$21' ,"' 2&#' ^! 1&' $-0' %-*"_' &'%,'$'! ,2' "0# 1' ʚ(!&"&ʛ' $0-+' 1!&#+#T' /&#' ^! 1&' $-0' %-*"_' 1!&#+#' 3# 03 07' TZ' 2-' + 0!&' TQ' TRST' ',' 0-3%&2' 5'2&' '2' 1-+#' ,#% 2'4#' -32!-+#1' ##!'$#Q'!0 8'*T' 13!&' 1' ',!0# 1#1' ',' 0- #0'#1' ,"' o /&#' ST 2& ' ,,2#0, 2'-, *' )-0 *' ###$' 30%* 0'#1T' /&#' ',!0# 1#' ',' 2
#' 2&#$2V &7+.-1'3+'ʚ,)#&ʛ'','h3*7'TRST'',' 0#* 2#"' -$$#,!#1' 0#',$-0!#"' 2&#' ,##"' 2-' ) '0,1Q'"3120 *' T'' 0#%3* 2#' 2&#' 1 *#' -$' %-*"Q' -2�' .0#!'-31' o /&#' TY 2& ' 9#,#0 *' +##2',%' -$' 2&#' +#2 *1' ,"' !-..#0T' /&#' %-4#0,+#,2' -$' ,,2#0, 2'-, *' )-0 *' ###$' ,,'2' 2'4#' ! 0 "-1' 0#1.-,"#"' 5'2&' 2&#' .0-.-1#"' ʚ,)#,ʛT' #, !2+#,2' -$' 2&#' . 0#!'-31' + #2 *1' ,"' o 5,'2#"' * 2'-, *' 30 +#5-0)' &#!-,"' ; ,"' $ # *#01' " !2Q' ',' ,' #$$-02' 2-' )-,4#,2'-,' -,' )*'+ 2#' )& ,%#' "#/3 2#*7' 0#1.-,"' 2-' 2&#' !& **#,%#1' 11-!' 2#"'5'2&'2&'1'20 "#T' f-0)1&-.' -,' 63*,#0 '*'27' ,"' ' "" .2 2'-,T'' o /&#' 5,"#05 2#0' )3*230 *' ;#0'2 %#' )#,+('/#(*$&' ʚ5);ʛ' 5-0)1&-.' 5&'!&' 5 1' &#*"' ' $0-+'*-4#+ #0'WURQ'TRST'','.-02' ' "!!-0"',%' 2-' 2&#' * 2'-, *' %4#04'#5' -,' ##.-02#"' )0'+#1'$-0' TRSTQ' ' #-7 *Q'h + '! T'' 2-2 *' -$' [QSWR' ! 1#1' 5#0#' 0#.-02#"T' /&'1' o /&#' 93*$' ,"' ) 0' # ,' ,,12'232#' 0#.0#1#,2#"' ' VTT' .#0' !#,2' ',!0# 1#' ',' ʚ9)3,ʛ' $0-+' *-4#+ #0' W' 2-' [Q' 0#.-02#"' !0'+#1' -4#0' 2& 2' 0#.-02#"' ',' TRST'','& ,2 '+ 02 Q')-*-+ ' T'' TRSST' + (-0' !0'+#1' % ',12' 2&#' .#01-,' ' !!-3,2#"'$-0'STTR'.#0'!#,2'-0'SQSSV'! 1#1T' ' +',-0'!0'+#1' % ',12'2&#'.#01-,' !!-3,2#"' F. !LAW !AND !ORDER ! $-0'S[TR'.#0'!#,2'-0'SQX[V'0#.-02#"'! 1#1Q' ' ,' ',!0# 1#' -$' ,',#27V1'6' ʚ[Xʛ' ! 1#1' %6(#6,(f' !-+. 0#"' 5'2&' TRSS' $'%30#1T' ,,' ""'2'-,Q' ' + (-0' ,"' +',-0' !0'+#1' % ',12' .0-.#027' ' $30',%' TRSTQ' 2&#' 120 2#%'!' ',!0# 1#"' 7' SRTV' .#0' !#,2' ,"' RTY' .#0' "'0#!2'-,'-$'2&#'$-0!#'5 1''+. !2#"' 7'2&#' !#,2Q' 0#1.#!2'4#*7T' + (-0' !0'+#1' % ',12' .0-20 !2#"' %*- *' #!-,-+'!' 0#!#11'-,' .0-.#027' !!-3,2#"' $-0' TQVXY' 0#.-02#"' *-,%' 5'2&' -2�' 1-!'#2 *' ,"' #!-,-+'!' ! 1#1'5&'*12'+',-0'!0'+#1' % ',12'.0-.#027' $ !2-01T' /
#' $ !2-01' 11'12#"' ',' "0'4',%' !!-3,2#"'$-0'TQWST'0#.-02#"'! 1#1'"30',%' !/3'1'2'4#' !0'+#Q' ',!*3"',%' 30%* 0'#1Q' 2&#' 0#4'#5' .#0'-"T' /&#' ! 2#%-07' -$' %2�' 0- #0'#1' ,"' 1-+#' -2�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ʚXXTR' .#0' !#,2ʛQ'

138 Barbados Economic and Social Report 2012 V. Social Sector Development

'+.-02 2'-,' -$' ! ,, '1' ʚS[TR' .#0' !#,2ʛQ' 0#!-0"#"T' %2�' !0'+#1' !-++'22#"' '+.-02 2'-,' -$' !-! ',#' ʚSRRTR' .#0' !#,2ʛ' ',!*3"#"' 30%* 0'#1' $'4#' ʚWʛ' ,"' 2&#$21' ,"' 20 $$'!)',%' -$' !-! ',#' ʚVRTR' .#0' !#,2ʛT'' 1#4#,'ʚYʛQ'5&'*#'',!'"#,21'-$'1#0'-31' -"'*7' "' 0#4'#5' -$' 4 '* *#' 12 2'12'!1' ',"'! 2#1' & 0+' "#!0# 1#"' $0-+' #'%&2' ʚZʛ' ! 1#1' 2-' 2& 2'','TRSTQ'UZY'.#01-,1'5#0#'!& 0%#"'$-0' 2&0##' ʚUʛT' /�#' 5 1' ,' ',!0# 1#' ',' 2&#' .-11#11'-,' -$' ! ,, '1Q' 5&'*12' 1'627V25-' ',!'"#,!#'-$'"03%'0#* 2#"'-$$#,"',%'5�#' ʚXTʛ'.#01-,1'5#0#'!& 0%#"'$-0'20 $$'!)',%R' $'4#'ʚWʛ'! 1#1'5#0#'0#.-02#"' 1'!-+. 0#"' ,"' 1'627V$-30' ʚXVʛ' .#01-,1' !& 0%#"' $-0' 2-'-,#'ʚSʛ'','2&#'.0#4'-31'7# 0' 2&#' '+.-02 2'-,' -$' 2&'1' '**#% *' 13 12 ,!#T'' ' $30',%'2&#'0#4'#5'.#0'-"Q'25#,27V1'6'ʚTXʛ' 3,#("#+'(*"!-($')#,+(' .#01-,1' 5#0#' !& 0%#"' 5'2&' .-11#11'-,' -$' ' !-! ',#' ,"' 1'6' ʚXʛ' 5#0#' !& 0%#"' $-0' ,,' TRSTQ' TTZ' !0'+#1' 5#0#' '+.-02 2'-,'-$'2&'1'"03%' !-++'22#"' 2&0-3%&' 2&#' 31#' -$' $'0# 0+1' ' !-+. 0#"'5'2&'TV['','TRSSQ' '"#!0# 1#'-$' h56(*,-(&'' ZTR' .#0' !#,2T' ' %$' 2&'1' $'%30#Q' 0- #0'#1' ' !!-3,2#"' $-0' SST' ! 1#1Q' %%0 4 2#"' ' /&#',3+ #0'-$'!0'+#1'!-++'22#"' 30%* 0'#1' 2&'027' ʚUTʛ' ! 1#1' ,"' 1'6' ʚXʛ' 7' (34#,'*#1' "30',%' 2&#' 0#4'#5' .#0'-"' +30"#01'5#0#'!-++'22#"'2&0-3%&'2&#'31#' ',!0# 1#"' 2-' ,',#27V1'6' ʚ[Xʛ' $0-+' #'%&27V -$' $'0# 0+1T' ' /&#' 0#"3!2'-,' ',' $'0# 0+1' 2&0##' ʚZUʛ' 0#!-0"#"' ',' TRSST' ", *71'1' -$' #, *#"'!0'+#1'0#$*#!2#"'2&#'&'%&'120 2#%'!' 2&#' " 2 ' 0#4# *#"' 2& 2' 2&#' + (-0' ! 2#%-07' .0'-0'27' ,"'',!0# 1#"'0#1-30!#1'"#"'! 2#"' -$' -$$#,!#1' 5#0#' +',-0' 11 3*21' 5�#' 2-' 2&#' 2 !)*',%' -$' $'0# 0+' #, *#"' !0'+#1' 25#,27V,',#' ʚT[ʛ' -$' 2
#' -$$#,!#1' 5#0#' ,"'2&#''**#% *'+-4#+#,2'-$'$'0# 0+1T'' ' Table 5.6-1 Cannabis and Cocaine Drug Offences 2010 - 2012 Category 2010R 2011 2012 Category 2010R 2011 2012 Cannabis Cocaine Possession 477 445 387 Possession 26 35 26 Cultivation 36 30 50 Cultivation 0 0 0 Importation 31 54 64 Importation 6 3 6 Exporting 2 0 1 Exporting 8 0 1 Trafficking 82 58 62 Trafficking 16 5 7 Supply 77 56 57 Supply 9 2 6 Possession of apparatus 2 0 2 Possession of apparatus 58 65 76 SOURCE : Research Department, Royal Barbados Police Force ' Table 5.6-2 Cases Involving Firearms 2008-2012

Crime Classification 2008R 2009 2010 2011 2012 Murder 8 9 10 14 6 Robbery 116 102 128 93 112 Assault W/I Rob 9 4 9 8 2 Aggravated Burglary 55 48 30 39 32 Endangering Life 22 9 14 39 22 Other Crimes 69 35 57 56 54 Total 279 207 248 249 228 SOURCE: Reseach Department, Royal Barbados Police Force

139 Barbados Economic and Social Report 2012 V. Social Sector Development

)#,+('" 9",*&/'/ ;('.(#&%*' " + %#1' VZX' ! 1#1Q' !-+. 0#"' 5'2&' VUV' ' ! 1#1' ',' TRSSR' !-++#0!' *' 30%* 0'#1' U[X' ,,' 2&'1' ! 2#%-07' -$' !0'+#Q' 0- #07' ! 1#1' !-+. 0#"' 5'2&' USY' ! 1#1R' ,"' ',!0# 1#"' 7' SZTR' .#0' !#,2' 2-' 0#!-0"' WWW' 0#1'"#,2' *' 30%* 0'#1' SQWVZ' ! 1#1' ! 1#1' ',' TRST' 1' !-+. 0#"' 2-' VYS' ! 1#1' !-+. 0#"'5'2&'SQVVS'! 1#1'','TRSST'/�#' 0#!-0"#"' ',' TRSST' $30',%' TRSTQ' 1#0'-31' 5#0#' &-5#4#0' "#!0# 1#1' ',' $0 3"' 0#* 2#"' -"'*7' & 0+' !0'+#1' ',!0# 1#"' 7' 25#,27V !0'+#1'5&'!&'0#!-0"#"'$'$27V-,#'ʚWSʛ'! 1#1' #'%&2' ʚTZʛ' ! 1#1' 2-' 0#!-0"' TRW' ! 1#1Q' ',' TRST' !-+. 0#"' 5'2&' STV' ',' TRSSQ' ,"' 11 3*2'5'2&'2&#'',2#,2'2-'0- '',!0# 1#"' 7' 2&#$2' -$' +-2-0' 4#&'!*#' 5&'!&' 0#%'12#0#"' $'$2##,' ʚSWʛ' ! 1#1' 2-' 0#!-0"' 1'627' ʚXRʛ' 1'627V#'%&2' ʚXZʛ' ! 1#1' ',' TRST' !-+. 0#"' ! 1#1Q' 5&'*12' ',"#!#,2' 11 3*2' 0#+ ',#"' 5'2&' [S' ! 1#1' ',' TRSST' ,,' %#,#0 *Q' 2�#' 3,!& ,%#"' 2' 1'627V-,#' ʚXSʛ' ! 1#1T' /�#' 5 1' ' !3+3* 2'4#' WTR' .#0' !#,2'',!0# 1#' ',' 5#0#' 1#4#,27' ʚYRʛ' 0#.-02#"' ! 1#1' -$' + (-0'!0'+#' % ',12'.0-.#027T' %%0 4 2#"' 30%* 07Q' '"#!0# 1#'-$'25#,27V ' 1#4#,' ʚTYʛ' ! 1#1' 5&#,' !-+. 0#"' 5'2&' )#,+('" 9",*&/'6,&,/%#&' TRSST' $30',%' 2&#' 0#4'#5' .#0'-"Q' 25#,27V ' -,#' ʚTSʛ' +30"#01' 5#0#' !-++'22#"' ',' $30',%' TRSTQ' URY' -$$#,!#1' 5#0#' !-,20 12' 2-' 25#,27V1#4#,' ʚTYʛ' ',' 2&#' !-++'22#"' % ',12' 4'1'2-01T' /&'1' .0#4'-31'7# 0T''' 0#.0#1#,2#"' ,'',!0# 1#'-$'SXTT'.#0'!#,2'-0' ' $-027V2&0##' ʚVUʛ' -$$#,!#1' 5&#,' !-+. 0#"' )#,+('" 9",*&/'.#%.(#/7' 2-'2&#'.0#4'-31'7# 0T'!30%* 0'#1' 2'"5#**',%' ' &-31#1'0#+ ',#"'2&#'+-12'.0#4 *#,2'!0'+#' $30',%' TRSTQ' 2&#' #-7 *' ! 0 "-1' !-++'22#"' % ',12'2-30'12Q'5&'!&'0#!-0"#"' .-*'!#' 3-0!#' !-,2',3#"' '21' ,2'V 30%* 07' SR['!0'+#1Q' ,'',!0# 1#'-$',',#'ʚ[ʛ'!0'+#1' ','2' 2'4#Q' b%.#0 2'-,' & $#' ;-+#cQ' ' 5&#,'!-+. 0#"'5'2&'2&#'1'+'* 0'.#0'-"'$-0' "-+', ,2' ','2' 2'4#' ',' 2&#' $-0!#_1' !0'+#' TRSST' $30',%' 2&#' 0#4'#5' .#0'-"Q' 2&#' .0#4#,2'-,' 120 2#%7' % ',12' 2&#' ',!'"#,!#' ,3+ #0' -$' 0- #0'#1' !-++'22#"' 5 1' -$' 30%* 07T' .0#*'+', 07' 12 2'12'!1' 2&'027V1'6' ʚUXʛQ' #'%&2' ʚZʛ' ! 1#1' +-0#' 2& ,' ',"'! 2#"' 2& 2' "30',%' 2&#' 0#4'#5' .#0'-"Q' 2& 2' 0#!-0"#"'',' TRSST' /�#' 5#0#' 2&'027V SQWVZ'0#1'"#,2' *' 30%* 0'#1'5#0#'0#.-02#"' -,#' ʚUSʛ' 2&#$21' $0-+' # !
' ,"' $-027V 1' !-+. 0#"' 5'2&' SQVVS' ',' TRSST' ' %2�' 1#4#,' ʚVYʛ' ! 1#1' -$' 2&#$2' $0-+' .#01-,1T' ! 2#%-0'#1'-$'!0'+#' % ',12'.0-.#027'5&'!&' /�#'5#0#',-'1#63 *' 11 3*21'-0'+30"#01' 0#!-0"#"' ',!0# 1#1' 5#0#S' !0'+', *' !-++'22#"' % ',12'4'1'2-01'"30',%'TRSTT' ' ' Table 5.6-3 Serious Crimes 2005-2012 No. % Crime Classification 2005 2006R 2007 2008 2009 2010 2011 2012 DIFF DIFF Murder 29 35 25 23 19 31 27 21 -6 -22.2 Manslaughter 0 2 3 1 1 2 2 2 0 0.0 Serious Bodily Harm 245 243 177 211 200 235 177 205 28 15.8 Sex With A Minor 25 31 40 30 28 21 19 28 9 47.4 Indecent Assault 61 65 58 50 46 59 61 61 0 0.0 Robbery 330 367 392 394 383 487 471 555 84 17.8 Assault W/Intent To Rob 16 10 22 36 28 42 45 60 15 33.3 Aggravated Burglary 56 79 112 103 77 70 97 70 -27 -27.8 Drug Related Crime 904 919 991 949 830 830 754 745 -9 -1.2 SOURCE: Research Department, Royal Barbados Police Force '

140 Barbados Economic and Social Report 2012 V. Social Sector Development

Table 5.6-4 Crime Against Visitors 2008-2012 CRIME CLASSIFICATION 2008R 2009R 2010R 2011 2012 Murder 0 1 0 0 0 Serious Bodily Harm 3 1 2 2 1 Wounding(Minor) 1 2 3 3 2 Harassment 0 0 0 1 1 Rape 4 0 3 3 1 Other Sex Crimes 2 0 3 3 0 Robbery 37 13 22 28 36 Assault W/INT To Rob 9 5 6 10 5 Agg. Burglary 7 4 3 5 5 Burglary Hotels Etc. 66 68 59 100 109 Burglary Other 0 0 7 0 0 Theft From M/V 2 5 0 4 10 Theft From Person 25 12 20 33 47 Theft From Beaches 43 33 31 39 31 Other Theft 21 18 22 28 47 All Other Offences 15 9 4 5 12 Total 235 171 185 264 307

Accommodation includes hotels, apartments, guest houses, villas etc. SOURCE: Research Department, Royal Barbados Police Force ' ' /#"33,)' TABLE 5.6-5 Road Accidents ' 2009-2012 $30',%' TRSTQ' 2&#' #-7 *' ! 0 "-1' Category 2009 2010 2011 2012 .-*'!#' 3-0!#' 0# *'1#"' #,!-30 %',%' Fatal 25 22 20 25 -32!-+#1' $0-+' 2&#' 2 !2'! *' 0- "' 20 $$'!'' * 5' #,$-0!#+#,2' ,"' '+.0-4#"' Serious 111 113 118 102 !-++3,'! 2'-,1'5'2&'0- "'31#01'0#% 0"',%' Slight 2,466 2,453 2,226 2,036 0- "'1 $#27T'/&#'','2' 2'4#1'!-,20' 32#"'2-' ' W/O Injury 5,715 5,945 5,259 5,044 WTR' .#0' !#,2' 0#"3!2'-,' ',' 2&#' ,3+ #0' -$' Total 8,317 8,533 7,623 7,207 !!'"#,21' "30',%' 2&#' 7# 0T' �'-31' SOURCE: Research Department, Royal !!'"#,21' "#!0# 1#"' 7' SVTR' .#0' !#,2' 2-' Barbados Police Force 0#!-0"' SRT' ! 1#1' 5&'*12' !!'"#,21' 5'2&' ' 1*'%&2'',(30'#1'$#**' 7'[TR'.#0'!#,2'2-'0#!-0"' .%-,),*9',*,/,"/,6(&'' TQRUX' ! 1#1T' /&#' ! 2#%-07' -$' !!'"#,21' ' 5'2&-32' ',(307' "#!0# 1#"' 7' TSW' ! 1#1' -0' $30',%' TRSTQ' 2&#' #-7 *' ! 0 "-1' VTR' .#0' !#,2T' ;-5#4#0Q' 2�#' 5 1' ,' .-*'!#'3-0!#'$-!31#"'-,''21'!-0#'- (#!2'4#1' ',!0# 1#' -$' $'4#' ʚWʛ' $ 2 *' !!'"#,21' "30',%' 5&'!&' 5#0#' 2-' 0#"3!#' !0'+#Q' #,& ,!#' 2&#' 0#4'#5' .#0'-"T' /&#' 2-2 *' ,3+ #0' -$' .3 *'!' 1 $#27' ,"' '+.0-4#' 1#04'!#' 2-' 2&#' 0- "' !!'"#,21' 2'2&#'#,"'-$'TRST'12--"' 2' !-++3,'27T' $#1.'2#' 2&#' !-,120 ',21' YQTRY'! 1#1T' '+.-1#"' 7' 2&#' .0-20 !2#"' %*- *'

141 Barbados Economic and Social Report 2012 V. Social Sector Development

#!-,-+'!' ,"' $', ,!' *' !*'+ 2#Q' 2&#' $-0!#' $0#/3#,2#"' 7' 4'1'2-01' 5'**' #'+ ',2 ',#"T' 0#+ ',#"' !-++'22#"' 2-' "#4#*-.',%' ,"' h-',2' -.#0 2'-,1' #25##,' 2&#' .-*'!#' ,"' '+.*#+#,2',%' ','2' 2'4#1' '+#"' 2-5 0"1' 2&#' ! 0 "-1' $#$#,!#' 3-0!#' ʚ!$3ʛ' 5'**' !!-+.*'1&',%' '21' -4#0 0!&',%' 120 2#%'!' *1-' #'1312 ',#"'',' ,'#$$-02'2-'0#"3!#'2&#' .0'-0'2'#1T'' ',!'"#,!#'-$'!0'+#' % ',12'4'1'2-01T' ' ' /&#' ,2'V 30%* 07' ','2' 2'4#' 5 1' ' ($$-021'2-'12#+'2&#''**'!'2'20 $$'!)',%' "-+', ,2' $# 230#' ',' 2&#' $-0!#' -.#0 2'-, *' -$' , 0!-2'!1' ,"' 1+ **' 0+1' 5'**' *1-' 120 2#%'#1T' /&'1' ','2' 2'4#' 5 1' !-,2',3#' "30',%' TRSUT' /&#' !/3'1'2'-,' -$' 13..*#+#,2#"' 7' #"3! 2'-, *' ','2' 2'4#1' 2&#' ,,2#%0 2#"' ! **'12'!1' ,"#,2'$'! 2'-,' %# 0#"' 2-5 0"1' ',!0# 1#' .3 *'!' &712#+' ʚ,!,&ʛ' ,"' 2&#' $-2' .##,' + !&',#' . 02'!'. 2'-,' ',' ',"'4'"3 *' 1#!30'27' ,"' 5'**' #' 31#"' 2-' $302�' #,& ,!#' !0'+', *' 1#,1'2'8 2'-,'2-'2&#'0'1)' ,"'!-,1#/3#,!#1' ',4#12'% 2'-,1' ,"' !!-3,2 '*'27' $-0' 22 !&#"'2-'2&#'.30!& 1',%'-$'12-*#,''2#+1T'' $'0# 0+1T' ' /&#' !- 12 *' 0 " 0' 1304#'** ,!#' ' .0-(#!2'5'**' *1-' #'32'*'1#"' 1' '+# 130#'2-' 3-!31'-,'!'2'8#,'1#!30'27'0#+ ',#"' 1312 ',' -0"#0'1#!30'27T' '.0'-0'27' "30',%'2&#' 0#4'#5' .#0'-"T' &-+#' ' -$' 2&#' ','2' 2'4#1Q' 5&'!&' & "' .-1'2'4#' /&#' #-7 *' ! 0 "-1' .-*'!#' 3-0!#' -32!-+#1Q' 5-3*"' #' $302�' "#4#*-.#"' ',' *1-' 0#!-%,'1#"' 2&#' ,##"' 2-' + ',2 ',' '21' 2&#' 7# 0' TRSUT' ,,!*3"#"' +-,%' 2
#' 5'**' !-++'2+#,2'2-'0#%'-, *' ,"'',2#0, 2'-, *' #' 2&#' #6. ,"#"' 31#' -$' 2&#' )0'+#' $#1)' !--.#0 2'-,' ,"'2&#'1& 0',%'-$'',$-0+ 2'-,' ,,'2' 2'4#' ,"'2&#')0'+#'&2-..#01'! 0 "-1' ,"' ',2#**'%#,!#' 2&0-3%&' %#,!'#1' 13!&' 1' .0-%0 ++#'5&'!&'5'**'$ !'*'2 2#'2&#'$*-5'-$' ,*/(#.%-' ,"' 2&#' ##%'-, *' &#!30'27' !-++3,'27'',2#**'%#,!#T'' &712#+T' f'2&',' 2&'1' !-,2#62Q' -,V%-',%' ' !-** -0 2'-,1' 5'2&' -2�' *-! *Q' 0#%'-, *' ,,' ""'2'-,Q'&'%&'4'1' '*'27'.-*'!',%' ,"' ',2#0, 2'-, *' %#,!'#1' 5'**' !-,2',3#' %# 0#"' 2' .0#4#,2',%' ,"' 0#"3!',%' 2&#' 2&0-3%&' .0-%0 ++#1' 13!&' 1' 2&#' ',!'"#,21' -$' !0'+#' % ',12' 4'1'2-01' 2-' ) 0' # ,'! 1','&#!30'27',,'2' 2'4#'$-0'2&#' ! 0 "-1Q' *-,%' 5'2&' +-2-0'8#"' ,"' $--2' .30.-1#' -$' 3'*"',%' ! . !'27' 2-' ""0#11' . 20-*' !-4#0 %#' ',' 0# 1' .-.3* 2#"' ,"' !-++-,'!& **#,%#1T' ' Table 5.6-5 Crimes against Persons and Property 2009 - 2012 2009 2010R 2011 2012 Murder 19 31 27 21 Attempted Murder - - - 0 Manslaughter 1 2 2 2 Serious Bodily Harm 200 235 177 205 Endangering Life 29 37 28 25 Kidnapping 18 12 13 9 Robbery 383 487 471 555 Assault With Intent to Rob 28 42 45 60 Aggravated Burglary 77 70 97 70 Other major crimes Against the Person 9 7 7 2 SUB TOTAL 764 923 867 949 Sex Related Crimes Rape 68 63 70 53 Assault With Intent to Rape 4 1 7 7 Sex with Minor 28 21 19 28 Indecent Assault 46 59 61 61 Serious Indecency 18 15 19 14 Other Sex Crimes 10 10 8 2 SUB TOTAL 174 169 184 165

142 Barbados Economic and Social Report 2012 V. Social Sector Development

Table 5.6-5 Crimes against Persons and Property 2009 - 2012 Minor Crimes Against The Person Fear of Violence 103 118 59 62 Threats 153 147 130 107 Harassment 9 15 14 9 Assaults/Wounding (Minor) 1,532 1,505 1,369 1,498 Other minor crimes Against the person 30 21 26 18 SUB TOTAL 1,827 1,806 1,598 1,694 Major Crimes Against Property Residential Burglary 1,375 1,580 1,441 1,548 Commercial Burglary 414 321 317 396 Other Burglary 19 18 4 10 Sacrilege 23 19 28 11 Arson 19 22 10 16 Attempted Arson 1 - - 0 Criminal Damage 490 512 434 486 Other Crime (Attempts) - - 1 0 SUB TOTAL 2,341 2,472 2,235 2,467 Thefts And Related Crimes Theft of Livestock 21 29 30 40 Theft of Agricultural Produce 34 39 31 44 Theft of Postal Packet - - - 1 Theft of Use 12 10 14 2 Theft of Motor Vehicle 92 113 91 68 Theft From Motor Vehicle 376 289 333 380 Theft of Bicycle 56 57 60 64 Theft from Person 205 342 517 523 Theft From Shops/Stores 164 188 180 199 Other Thefts 1,099 972 1,058 1,074 Handling Stolen Property 26 33 40 54 Unlawful Possession 1 1 1 0 Going Equipped 8 20 11 12 Fraud Related Crimes 118 149 124 51 Attempts - 2 5 0 SUB TOTAL 2,212 2,244 2,495 2,512 TOTAL CRIME AGAINST PROPERTY 4,553 4,716 4,730 4,979 Other Crimes Drug Crimes 830 830 754 745 Firearm Crimes 86 78 107 120 Escaping 16 14 22 15 Explosives 1 1 1 0 Public Order Breaches/Other Summary 535 457 517 483 Crimes SUB TOTAL 1,468 1,380 1,401 1,363 TOTAL CRIMES AGAINST PERSON 2,765 2,898 2,649 2,808 TOTAL CRIMES AGAINST THE 4,553 4,716 4,730 4,979 PROPERTY TOTAL OTHER CRIMES 1,468 1,380 1,401 1,363 GRAND TOTAL OF ALL CRIMES 8,786 8,994 8,780 9,150 '

143 Barbados Economic and Social Report 2012 Economic Outlook

ECONOMIC !OUTLOOK !FOR ! 3,#+.*-7+#,2' 5&'!&' !-3*"' ',!0# 1#' 2013 ! $302�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
#'0# *'2'#1T'"2'2&#'1 +#' "*1-Q'%-',%'$-05 0"Q'+-0#'',4#12+#,2'5'**' 2'+#Q''2''1'#11#,2' *'2& 2'%0# 2#0' 22#,2'-,' #',##"#"'',',-,V20 "'2'-, *'%0-52&' 0# 1' #'. '"'2-'%0-52&' 1'2&#'+ ','+#!& ,'1+' 13!&' 1'#!-' ,"'1.-021'2-30'1+Q' ,"' *1-' $-0'0#4#01',%'2&#'$'1! *''+ * ,!#1T'f&'*#' &# *2&' ,"' !3*230#T' ,,' ""'2'-,Q' %0# 2#0' 2&'1'5'**' #'"'$$'!3*2Q''2'+312' #'!#,20 *'2-' ',4#12+#,2' 5'**' #' ,##"#"' ',' + 0)#2',%' ,7' +#"'3+' 2-' *-,%V2#0+' .* ,,',%' ,,2#0, 2'-, *' !31',#11' ,"' 3', ,!' *' $0 +#5-0)T'' '!#1Q' ,"' 3'*"',%' ! . !'27' ',' %0-V ' .0-!#11',%' ,"' *2#0, 2'4#'#,#0%7T'($$-021' f'2&' ' !& **#,%',%' -32*--)Q' 2&#' +312' #'0#"-3 *#"'2-'0#+-4#' 00'#01'2-' .0-1.#!21' $-0' %0-52&' 2' 2&#' #,"' -$' 2&#' ! 0 "-1' !-+.#2'2'4#,#11Q' 1-+#' -$' 7# 0' 5'**' #' +','+ *T' /&'1' ,-' "-3 2' 5'**' 5&'!&' & 1' ##,' '"#,2'$'#"' 5'2&',' !-,2',3#' 2-' .* !#' .0#1130#' -,' %-4#0,+#,2T'

144 Barbados Economic and Social Report 2012 Appendices

LIST !OF !APPENDICES ! '

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i Barbados Economic and Social Report 2012 Appendices

! ) PRICES 1986 – 2012 (1974 APPENDIX 1 ESTIMATES OF REAL GROSS DOMESTIC PRODUCT

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A - 1 Barbados Economic and Social Report 2012 Appendices ) BASIC PRICES BASIC 1991 – 2012 APPENDIX 2 ( GROSS DOMESTIC PRODUCT BY SELECTED SUB-INDUSTRY

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A - 2 Barbados Economic and Social Report 2012 Appendices

! ) 1991 – 2012 APPENDIX 3 MARKET PRICES MARKET ( EXPENIDTURE ON GROSS DOMESTIC PRODUCT

A - 3 Barbados Economic and Social Report 2012 Appendices

! ! ) 1991 – 2012 APPENDIX 4 MARKET PRICES MARKET ( GROSS DOMESTIC PRODUCT BY INDUSTRY OF ORIGIN

A - 4 Barbados Economic and Social Report 2012 Appendices

! ! 2002 - 2012 APPENDIX 5 INTERNATIONAL RESERVES

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A - 5 Barbados Economic and Social Report 2012 Appendices 1990 - 2012 APPENDIX 6 DIRECTION OF TRADE – TOTAL EXPORTS

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A - 6 Barbados Economic and Social Report 2012 Appendices 1990 - 2012 APPENDIX 7 DIRECTION OF TRADE – TOTAL IMPORTS

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A - 7 Barbados Economic and Social Report 2012 Appendices

APPENDIX 8 VISIBLE TRADE BALANCE – IMPORTS AND EXPORTS 1986 - 2012

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A - 8 Barbados Economic and Social Report 2012 Appendices 1987 - 2012 APPENDIX 9 SELECTED DOMESTIC EXPORTS Barbados Statistical Barbados Service SOURCE: ! !

A - 9 Barbados Economic and Social Report 2012 Appendices 1986 - 2012 APPENDIX 10 RETAINED IMPORTS BY BROAD ECONOMIC CATEGORIES

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A - 10 Barbados Economic and Social Report 2012 Appendices APPENDIX 11 2003/04 – 2012/13 CENTRAL GOVERNMENT OPERATIONS

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A - 11 Barbados Economic and Social Report 2012 Appendices

! APPENDIX 12 2003/04 – 2012/13 CURRENT REVENUE BY ECONOMIC CLASSIFICATION

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A - 12 Barbados Economic and Social Report 2012 Appendices APPENDIX 13 2005/06 – 2012/13 CURRENT EXPENDITURE BY ECONOMIC CLASSIFICATION

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A - 13 Barbados Economic and Social Report 2012 Appendices 2002 – 2012 APPENDIX 14 NATIONAL DEBT – CENTRAL GOVERNMENT

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A - 14 Barbados Economic and Social Report 2012 Appendices

! APPENDIX 15 COMMERCIAL BANKS SELECTED BALANCE SHEET ITEMS 1992 - 2012

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A - 15 Barbados Economic and Social Report 2012 Appendices 2002 - 2012 APPENDIX 16 COMMERCIAL BANK CREDIT – SECTORAL DISTRIBUTION

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A - 16 Barbados Economic and Social Report 2012 Appendices

APPENDIX 17 SELECTED INTEREST RATES (P ERCENTAGES PER ANNUM ) 1990 - 2012

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APPENDIX 18 RETAIL PRICE INDEX – ANNUAL AVERAGES 1990 - 2012

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A - 18 Barbados Economic and Social Report 2012 Appendices

APPENDIX 19 LABOUR FORCE AND EMPLOYMENT BY SEX 1987 – 2012

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A - 19 Barbados Economic and Social Report 2012 Appendices 2001 - 2012 APPENDIX 20 PRODUCTION OF SELECTED AGRICULTURAL COMMODITIES

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A - 20 Barbados Economic and Social Report 2012 Appendices

! 1988 - 2012 APPENDIX 21 INDEX OF INDUSTRIAL PRODUCTION

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A - 21 Barbados Economic and Social Report 2012 Appendices 1999 - 2012 APPENDIX 22 SELECTED INDICATORS IN THE TOURISM INDUSTRY

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A - 22 Barbados Economic and Social Report 2012 Appendices 1988 - 2012 APPENDIX 23 TOURIST ARRIVALS BY COUNTRY OF RESIDENCE

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A - 23 Barbados Economic and Social Report 2012 Appendices

! ! APPENDIX 24 DOMESTIC CRUDE OIL AND GAS PRODUCTION 1991 - 2012

! !SOURCE: Barbados National ! Oil Company Limited * - Refinery closed in January 1998 R = Revised P = Provisional

A - 24 Barbados Economic and Social Report 2012 Appendices

! 17.3 17.3 . 2010) 2010) AND AND 010 Census010Data lationwhichfor ages are not available APPENDIX 25 1980, 1990, 2000 ENSUS (C POPULATION BY SEX AND AGE GROUP Figure1980for does includenot institutionalpopu BarbadosStatistical Service 1980,1990, 2000 and 2

! NOTE: NOTE: ! SOURCE: ! !

A - 25 Barbados Economic and Social Report 2012 Appendices

! ! ! ! APPENDIX 26 POPULATION, RATES OF BIRTH, DEATH AND INFANT MORTALITY 1986 - 2012

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A - 26 Barbados Economic and Social Report 2012 Appendices

! ISBURSEMENTS D (STAP) ROGRAMME ROGRAMME P 2006 - 2012 APPENDIX 27 SSISTANCE SSISTANCE A ECHNICAL T PECIAL S

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A - 27 The Economic Affairs Division Ministry of Finance and Economic Affairs 3rd Floor East Wing Warrens Office Complex Warrens, St. Michael Barbados