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Historically, the Barbadian economy had been dependent on sugarcane cultivation and related activities, but production in recent years has been diversified into the manufacturing and tourism sectors. Offshore finance and information services have become increasingly important foreign exchange earners, and there is also a healthy interest into the island's light manufacturing sector. In the last ten years the Government has been seen as business-friendly and economically sound. Since the late 1990's the island has seen an increasing construction boom, the island began to see new hotels, re-developments, new homes, office complexes, condos, and mansions being developed across the island.

From 1958 to 1962, Barbados was one of 10 members of the West Indies Federation, and Sir Grantley Adams served as its first and only prime minister. When the federation was terminated, Barbados reverted to its former status as a self-governing colony. Following several attempts to form another federation composed of Barbados and the Leeward and Windward Islands, Barbados negotiated its own independence at a constitutional conference with the United Kingdom in June 1966. After years of peaceful and democratic progress, Barbados became an independent state within the Commonwealth of Nations on November 30, 1966.

Transportation on the island is good, with public taxis, called "ZRs" (pronounced "Zed-R")s, traveling to most points on the island. These public taxis as they are known can at times be crowded, but will usually take the more scenic routes to destinations. These buses generally depart from the capital Bridgetown or from Speightstown in the northern part of the island.

As the sugar industry developed into the main commercial enterprise, Barbados was divided into large plantation estates which replace the small holdings of the early British settlers. Some of the displaced farmers relocated to British colonies in North America, most notably South Carolina. To work the plantations, slaves were brought from Africa; the slave trade ceased a few years before the abolition of slavery throughout the British empire in 1834.

Jazz is a genre of music from the United States which reached Barbados by the end of the 1920s. The first major performer from the island was Lionel Gittens, who was followed by Percy Green, Maggie Goodridge and Clevie Gittens. These bandleaders played a variety of music, including swing, a kind of pop-jazz, Barbadian calypso and waltzes. With little recorded music on the island, radio broadcasts such as Willis Conover's Voice of America had a major influence.

Barbados has one of the highest standards of living and literacy rates in the world and is currently according to the UN, the #1 developing country in the world. The island is a major tourist destination.

After years of peaceful and democratic progress, Barbados became an independent state within the Commonwealth of Nations on November 30, 1966.

The influence of the English on Barbados is more noticeable than on other islands in the West Indies. A good example of this is the island's national sport: cricket. Barbados has brought forth several great cricket players, including Garfield Sobers and Frank Worrell.

Under its constitution, Barbados is a parliamentary democracy modeled on the British system. The Governor-General represents the Monarch. Control of the government rests with the cabinet, headed by the Prime Minister and responsible to the Parliament.

Progress toward more democratic government for Barbados was made in 1951, when universal adult suffrage was introduced. This was followed by steps toward increased self-government, and in 1961, Barbados achieved internal autonomy.

Local politics were dominated by plantation owners and merchants of British descent. It was not until the 1930s that a movement for political rights was begun by the descendants of emancipated slaves. One of the leaders of this movement, Sir Grantley Adams, founded the Barbados Labour Party in 1938.

The island is well developed and there are many local quality-hotels known internationally which offer world-class accommodations. Timeshares are available, and many of the smaller local hotels and private vilas which dot the island have space available if booked months in advanced. The southern and western coasts of Barbados are popular, with its calm light blue Caribbean sea and fine white and pink sandy beaches. Along the islands' east coast the Atlantic Ocean side are tumbling-waves which are perfect for surfing, but a little bit risky with it's under-tow currents.

Barbados is divided into eleven parishes: Christ Church, Saint Andrew, Saint George, Saint James, Saint John, Saint Joseph, Saint Lucy, Saint Michael, Saint Peter, Saint Philip, and Saint Thomas.

The start of the Port Charles Marina project in Speightstown helped the tourism industry continue to expand in 1996-99. Offshore finance and informatics are important foreign exchange earners, and there is also a light manufacturing sector. The government continues its efforts to reduce the unacceptably high unemployment rate, encourage direct foreign investment, and privatize remaining state-owned enterprises.

Since achieving independence in 1966, the island nation of Barbados has transformed itself from a low-income economy dependent upon sugar production to a middle-income economy based on tourism. The economy went into a deep recession in 1990 after 3 years of steady decline brought on by fundamental macroeconomic imbalances. After a painful readjustment process, the economy began to grow again in 1993. Growth rates have averaged between 3%-5% since then.