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In 2014 the country enjoyed growth of a mere 0.02 percent, slightly better than the negative growth of 0.01 percent suffered in 2013. The country has been struggling since the global economic collapse in 2008 with a 4 percent contraction in the economy in 2009. Economic growth is yet to get the economy back close to that level in 2008 with moderate growth of 1.4 percent from 2010 to 2012 and just 1.5 percent to 2014.
Barbados growth is being stunted by rising government debt with large fiscal deficit despite adjustments make in reducing wage cost and subsidies to state entities.