Barbados - Industry

Barbadian tourism has benefited from continued income growth in its major source markets and dynamic marketing efforts by the national authorities. The UK is the largest market for Barbados, providing about one-third of all overnight visitors to the island, contrasting with declining numbers of visitors from other major markets such as the US and Germany. The construction industry has grown as a result of tourism-related construction projects (such as a hotel, golf course, condominiums, and a marina), in addition to more traditional public works projects (such as airport extension, road repair, and a sewerage project), all underway in 2002. Tourism and manufacturing (light industry and component part assembly) have supplanted the sugar industry as the main engines of the economy. Sugar production, nonetheless, increased by close to 10% in 2000. Offshore banking has become increasingly popular in Barbados, as has garment production and the production of furniture.

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