Barbados scored 58.90 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Barbados averaged 9.33 Points from 2007 until 2019, reaching an all time high of 58.90 Points in 2019 and a record low of 4.19 Points in 2017. source: World Economic Forum

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Barbados Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
58.90 4.19 58.90 4.19 2007 - 2019 Points Yearly


Barbados Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.

Barbados Business Last Previous Highest Lowest Unit
Industrial Production -9.20 -4.00 11.69 -16.96 percent [+]
Internet Speed 6709.63 5823.28 6709.63 1031.42 KBps [+]
IP Addresses 48577.00 41808.00 76537.00 26619.00 IP [+]
Ease Of Doing Business 128.00 129.00 132.00 115.00 [+]
Corruption Index 68.00 68.00 78.00 61.00 Points [+]
Corruption Rank 25.00 25.00 31.00 15.00 [+]
Competitiveness Index 58.90 4.19 58.90 4.19 Points [+]
Competitiveness Rank 77.00 72.00 77.00 41.00 [+]
Manufacturing Production -13.40 -4.40 19.10 -21.10 percent [+]
Mining Production 1.70 -31.50 92.50 -54.90 percent [+]