Barbados: Significant Current Account Deficits in The Coming Years

• Barbados will run wide current account deficits over the coming years as machinery and food imports outweigh service exports, principally from tourism.
• Fitch expects stable foreign direct investment inflows and support from multilateral lenders to provide stability to support Barbados' external account.
• Fitch Solutions forecasts that Barbados will maintain a significant current account deficit of 3.4% of GDP in 2019 and 3.5% of GDP in 2020, following a deficit of 3.5% in 2018.

 (Source: Fitch)