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The national flag of Barbados was officially adopted on 1st January 1944 the island's first Independence Day.

Barbados has experienced several waves of human habitation. The first wave were of the Saladoid-Barrancoid group, farmers, fishermen, and ceramists who arrived by canoe from Venezuela's Orinoco Valley around 350 AD. The Arawak people were the second wave, arriving from South America around 800 AD. Arawak settlements on the island include Stroud Point, Chandler Bay, Saint Luke's Gully, and Mapp's Cave. According to accounts by descendants of the aboriginal Arawak tribes on other local islands, the original name for Barbados was Ichirouganaim. In the 13th century, the Caribs arrived from South America in the third wave, displacing both the Arawak and the Salodoid-Barrancoid. For the next few centuries, they lived in isolation on the island.

The name "Barbados" comes from a Portuguese explorer named Pedro Campos in 1536, who originally called the island Los Barbados ("The Bearded Ones"), after the appearance of the island's fig trees, whose long hanging aerial roots resembled beards. Between Campos's sighting in 1536 and 1550, Spanish conquistadors seized many Caribs on Barbados and used them as slave labor on plantations. The others fled the island, moving elsewhere.

Barbados was formally settled by the British in 1627. After several failed crops of cotton, sugarcane was introduced, and the colony established itself as a profitable plantation economy. Enslaved Africans were the primary source of labour on these plantations until 1834, when they won their freedom through several years of rebellion, supported by increasing pressure from anti-slavery movements in Britain.

The economy remained heavily dependent on sugar, rum and molasses production through most of the 20th century. Though the shackles were removed, much of the repressive labour conditions of slavery remained on the island until the 1930s, when the educated black middle class fought for universal adult suffrage and took the control of the country's local governance away from the British-descended local aristocracy. The country began a process of social and political reforms in the 1940s and 1950s which led to complete independence from the United Kingdom in 1966. In the 1980s, tourism and manufacturing surpassed the sugar industry in economic importance. Barbados has developed into a stable democracy with one of the highest rates of literacy in the Western Hemisphere.