Barbados
Caribbean · North America
Population
282K
GDP (Nominal)
$7.17B
Capital City
Bridgetown
Currency
BBD ($)
Avg Salary
$1950/mo
Region
Caribbean
Livability Index 2026
78/100
Cost of Living
27/100
Avg Salary
53/100
Safety
71.9/100
Healthcare
65/100
Education
68/100
Overall Livability
Institutional Summary
Barbados is a vibrant Caribbean island known for its beautiful beaches, rum, and high standard of living. It has recently become a global hotspot for digital nomads thanks to its 'Welcome Stamp' visa, which allows remote workers to live on the island completely tax-free for a year.
Cost of Living
Monthly Rent (1BR)$1,000
Monthly Groceries$400
Monthly Transport$60
Utilities & Internet$220
Estimated Total Monthly
$1,680 /person
AI Algorithm Summary
Major Strengths
- • Accessible immigration and visa pathways
Algorithmic Red Flags
- • No severe algorithmic red flags
Economic Performance
📈 Stable GrowthGDP Per Capita
$24,398
Inflation Rate
1.4%
Unemployment
6.45%
5-Year GDP Trend
Migration & Visa
Barbados Welcome Stamp (12-month digital nomad visa)
Special Entry and Reside Permit (SERP for high-net-worth retirees)
Work Permit (Employer sponsored)
Visa Difficulty
1/10
PR Eligibility
Possible after 5+ years of residency or via the SERP program
Employment Landscape
Avg Monthly Salary
$1,950
Trending
Top Performing Industries
Tourism & Hospitality
Offshore Finance & Banking
IT & Remote Services
Social Indicators
Life Expectancy
77 Yrs
Literacy Rate
99%
Top Universities (QS Rank)
University of the West Indies (UWI), Cave Hill Campus#
Compare Barbados
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