Barbados hands GDP baton to statistical agency
Central bank will abide by international best practice and use statistical service estimates
The Central Bank of Barbados will stop publishing independent GDP figures in place of using the national statistical agency’s figures, the central bank announced earlier this month.
After an “extensive consultative process”, the Statistical Service has “enhanced its approach to GDP”, the central bank said.
“In particular, the revision of the methodology for estimating real GDP included updating the base year for prices to 2010, to better reflect the pricing structure of the current economy.”
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