The Caribbean Development Bank (CDB) estimates that the Barbadian economy grew by approximately 1% in 2017, compared with 1.8% in 2016. This growth was underpinned by increased economic activity in the Parent Taxonomy: Tourism and Parent Taxonomy: Construction industries, although Parent Taxonomy: Tourism activity was noticeably stronger in the early months of 2017. The performance of all other sectors was subdued. The average unemployment rate stood at 10.2% for the 12-month period ended September 2017, slightly higher than the corresponding period in 2016. Inflation levels remained relatively low, although it increased to 4% at the end of October, from 1.5% in the previous year.