Barbados scored 58.90 points out of 100 on the 2019 Global Competitiveness Report published by the World Economic Forum. source: 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. This page provides the latest reported value for - Barbados Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Barbados Competitiveness Index - values, historical data and charts - was last updated on December of 2021.

Competitiveness Index in Barbados is expected to reach 4.00 Points by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Competitiveness Index is projected to trend around 4.00 Points in 2022 and 7.19 Points in 2023, according to our econometric models.

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Barbados Competitiveness Index


Related Last Previous Unit Reference
Competitiveness Rank 77.00 72.00 Dec/19
Competitiveness Index 58.90 4.19 Points Dec/19
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.