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The ruling BLP was decisively returned to power in January 1999 elections, winning 26 seats in the Parliament with the DLP only winning two seats. The Prime Minister, Owen Arthur, who also serves as Minister of Finance, has given a high priority to economic development. The main opposition party, the DLP, is led by David Thompson.

In 2004 it was announced that Barbados' Kensington Oval will be one of the final venues hosting the 2007 Cricket World Cup

In the early 1970s, jazz fan and critic Carl Moore launched a project to keep jazz alive on the island, while Zanda Alexander's performance in Bridgetown in 1972 is said to be the first Caribbean jazz festival. Oscar Peterson's 1976 performance in Trinidad also inspired Barbadian musicians, as did the radio program Jazz Jam, which was broadcast starting in the mid-70s on the Caribbean Broadcast Corporation. In 1983, however, the Belair Jazz Club closed, and was not replaced by any long-term clubs.

Following independence in 1966, Barbadian calypso became more popular, especially the white band The Merrymen, known for songs like "Brudda Neddy" and "Millie Gone to Brazil". Jackie Opel, a Barbaian singer, also arose, playing a blend of calypso and reggae that evolved into spouge music. Spouge was immensely popular in Barbados from about 1969 to 1973. In 1974, the Crop Over Festival was revived, featuring calypso competitions; as a result, calypso's popularity grew, rapidly overshadowing spouge and other genres, with only dub music achieving equal stature.

From the arrival of the first British settlers in 1627-1628 until independence in 1966, Barbados was under uninterrupted British control. Nevertheless, Barbados always enjoyed a large measure of local autonomy. Its House of Assembly began meeting in 1639.

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.