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Mellon Foundation Archipelago Initiative
Macroeconomics Archipelago Project
Creators: Silas Cleary, Priyasha Sabharwal, Kate Villagomez, Rob Wolf, Ricardo Canales
"The Mellon Initiative will focus on developing an institutional identity for Pace’s lower Manhattan location as an island campus in New York City while connecting with other archipelagos in relationship with the United States. Through comparative studies of the islands of New York with the US legacy in the Marshall Islands and the territory of the US Virgin Islands the program will explore themes of vulnerability, responsibility, resilience, and decolonization."
General Information
Barbados is a small island nation in the Caribbean known for its beautiful beaches, tourism-driven economy, and stable democratic government. It has a rich cultural heritage influenced by African and British traditions.
Capital City
Capital City
Bridgetown
Population
Population
264,300
Currency
Currency
Barbados Dollar
Economic Indicators
Economic Indicators are statistics that show us how an economy is performing. Helping us track trends in growth, jobs, and prices so we can understand the economy's overall health.
Real GDP
Real GDP
$7.56 Billion
The value of goods and services produced in an economy, adjusted for inflation.
GDP Per Capita
GDP Per Capita
$25,930
The country's total economic output divided by its population, showing the average output per person
Inflation Rate
Inflation Rate
2.3%
The percentage increase in the general price level of good and services over a period of time
Unemployment Rate
Unemployment Rate
7.9%
The percentage of the labor force that is actively looking for work but cannot find a job
Gini Coefficient
Gini Coefficient
.341
A measure of income inequality within a population, ranging from 0, perfect equality, to 1, maximum inequality
Social & Environment
Life Expectancy
Life Expectancy
Males: 75.8
Females: 81.4
CO2 Emissions per Capita
CO2 Emissions per Capita
3.422 tonnes per year
Air Quality Index
Air Quality Index
AQI+: 8
Environmental Focus
Environmental Focus
A deep dive into environmental factors that affect Barbados, adnt ehir influence on important economic factors.
Comparative Analysis
Comparative Analysis
A deep dive into each indicator of Barbados in comparison to the United States, New York State, and New York City.
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