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RECORDED MUSIC INDUSTRY OVERVIEW


Barbados


World map highlighting the Caribbean region with a green box.

Latin America and the Caribbean

Potential of Recorded Music

We estimate the potential of recorded music value available to songwriters, music performers, publishers, and producers in Barbados. These are annual revenue levels achievable within a well-functioning market supported by critical infrastructure, including robust policies, adequate legal frameworks, and effective collective management organizations and other enforcement mechanisms. By identifying these factors as the necessary drivers of growth, we quantify the opportunity cost of their absence.

The potential value calculations are based on CISAC, ICMP, and IFPI data. We used an econometric model and a cluster analysis approach to benchmark Barbados against peer markets and reflect achievable collection levels given their unique socio-economic contexts. We also factored in a series of foundational assumptions and collective rights management expertise to provide a stable and realistic valuation.


[+] RECORDED MUSIC POTENTIAL VALUEThe figure for the recorded music includes copyright (songwriters, lyricists and music publishers) and neighbouring rights (music performers and recorded music producers, i.e., record labels) and reflects the potential value in 2027. It is based on the analysis using 2023 as a baseline valuation and five-year projections through 2027. 2023 was selected as the baseline year of the analysis to reflect the most recent complete annual music industry revenue data. The following revenue streams are included in the calculation:

1) Copyright: digital, performance rights (radio & TV broadcasting, rebroadcasting & retransmission, background music and private copying levies), CD & video, synchronisation and other;

2) Neighbouring rights: Streaming, performance rights (radio & TV broadcasting, cablecasting, cable retransmission, public performance, dubbing, private copying levies, and internet (webcasting, simulcasting, catch-up) licensing), downloads & digital, physical and synchronisation.

Coming soon

Socioeconomic Indicators


282,467


[+] GDP PPPmillions, 2024 data, using constant 2021 international $.


EXPLANATORY NOTES: Data via World Bank Development Indicators database. Accessed 15/01/2026.

$6,168


[+] GDP PER CAPITA (nominal)2024 data, USD


EXPLANATORY NOTES: Data via World Bank, using national accounts data, and OECD National Accounts data files. Accessed 15/01/2026.

$26,544.87


2.48%

[+] GDP GROWTH (annual %)2024 data


EXPLANATORY NOTES: Data via World Bank, using national accounts data, and OECD National Accounts data files. Accessed 15/01/2026.

[+] GINI INDEX2022 data


EXPLANATORY NOTES: Data via World Income Inequality Database (WIID), United Nations University World Institute for Development Economics Research. Accessed 20/04/2026.

56.5%


[+] INFLATION RATEAnnual % change, 2026 data


EXPLANATORY NOTES: Data via IMF World Economic Outlook. Accessed 16/01/2026.

2.50%


Pie chart showing age distribution with four segments: 0-20 years (21.5%), 21-40 years (26.8%), 41+ years (51.7%), and an unlabeled segment, each in different shades of green and blue.
[+] POPULATION BY AGE GROUP%, 2025 data


EXPLANATORY NOTES: Data via US Census Bureau International Database (IDB). Accessed 16/01/2026.

[+] URBAN POPULATION%, 2024 data


EXPLANATORY NOTES: Data via World Bank, using United Nations Population Division database. Accessed 16/01/2026.

59.54%


[+] UNEMPLOYMENT RATE2024 estimate


EXPLANATORY NOTES: Data via CIA World Factbook. Accessed 16/01/2026.

7.60%


[+] YOUTH UNEMPLOYMENT RATE2024 estimate


EXPLANATORY NOTES: Data via CIA World Factbook. Accessed 16/01/2026.

23.70%


[+] POVERTY RATE2016 data


EXPLANATORY NOTES: Poverty rate at $3.00 a day (2021 PPP) (% population).Data via Poverty and Inequality Platform, The World Bank. Accessed 15/01/2026.

1.68%


[+] INTERNET PENETRATIONITU estimate, 2023


EXPLANATORY NOTES: Data via International Telecommunication Union (ITU) DataHub. Accessed 15/01/2026.

80.0%


[+] GLOBAL ACCOUNT OWNERSHIPno data available from reputable sources

N/A


[+] CREDIT CARD OWNERSHIPNo data available from reputable sources

N/A


[+] MOBILE DATA COSTAverage price of 1GB data, USD, 2023 data


EXPLANATORY NOTES: Data via Cable.co.uk. Accessed 20/04/2026.

$2.75

Industry Infrastructure

Collective Management Organisations


Authors & Publishers

[+] EXPLANATORY NOTESRepresents collective management organizations covering mechanical and performance rights for musical compositions.

Performers

[+] EXPLANATORY NOTES Represents collective management organizations covering neighbouring/related rights for performers.

Producers

[+] EXPLANATORY NOTESRepresents collective management organizations covering neighbouring/related rights for producers.

Voluntary Joint Ventures & Umbrella entities for licensing users

None

[+] EXPLANATORY NOTESRepresents joint ventures and umbrella entities that exist to help streamline and manage licensing, often working to create efficiencies around licensing specific rights. For example, PPL PRS Ltd. is a JV between the UK’s two music licensing organisations – PPL and PRS for Music, that provides a streamlined music licensing service that allows businesses to obtain all the licenses necessary to play and perform music in public via a single point of contact.

Associations


Music Authors

None


Music Publishers

None


Music Performers


Sound Recording Producers/Labels

None


Other


Music Export Office

None


Joint Industry Body

None


Policies


Culture Policy/Strategy


Music Policy/Strategy

None

Legal Framework

Digital and Performance Rights Treaties

Other Treaties


National Copyright Legislation

National Treatment

Music Consumption

Domestic Repertoire Quotas


[+] EXPLANATORY NOTESDomestic Repertoire Quota(s) refers to legislation and/or policies which require broadcasters to dedicate a specific % of music broadcast content to domestic/local/national artists.

Yes

There is a domestic repertoire quota for broadcasters requiring that "at least 60 per cent of broadcasting material is local and regional in content and character".

The full text of the quota may be found in Section 10 of the Broadcasting Regulations (2000).

Digital Streaming Services


GLOBAL STREAMING SERVICES


REGIONAL STREAMING SERVICES


DOMESTIC STREAMING SERVICES

Key Risks and Opportunities

Risks

  • The small populationsize, coupled with limited disposable income—driven by moderate GDP per capita and high youth unemployment—makes relying solely on the domestic market a risk for scalability and profitability.

  • High mobile data costs might be a barrier to users frequently accessing online streaming services, impacting consumption.

  • Despite the otherwise solid legal framework for copyright, the absence of 'making available' rights for rights holders weakens digital rights enforcement and creates challenges for monetizing content in the online environment.

Opportunities

  • Annual GDP growth signals economic expansion, with potentially increasing disposable income for entertainment in the future.

  • The inclusion of music as a primary sector under the Cultural Industries Development Act signals a recognition of its economic and cultural value, and opens doors for potential government support, tax breaks, and investment incentives—making it more attractive for businesses.

  • The presence of major global streaming services offers Barbadian artists a pathway to reach international audiences and tap into global revenue streams.