Barbados is the 77 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Barbados averaged 51.09 from 2007 until 2019, reaching an all time high of 77 in 2019 and a record low of 41 in 2007. source: World Economic Forum


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Barbados Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
77.00 72.00 77.00 41.00 2007 - 2019 Yearly


Barbados Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing 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. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables 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.

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 62.00 68.00 78.00 61.00 Points [+]
Corruption Rank 30.00 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 [+]