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A view of Barbados

Photo: Berit Watkin , derivative work (crop) by Globe-trotter · CC BY 2.0 · via Wikimedia Commons, shown in greyscale

01The evidence

The 4 key statistics that decide it

Only these place Barbados on economy & innovation — one vote each. Every value is the publisher’s own, read at the edition the Country Index 2026 used — or, for a survey-based key, each country’s latest reading; the grey ticks are every other country it was compared with, lowest on the left.

Why these keys
  1. Key 1 of 4

    GDP per Capita (PPP)

    World Bank Group

    Why it is a key

    2025 edition · data for 2025 · CC BY 4.0

    22,127

    GDP per capita (constant 2021 international $, PPP)

    Higher is better

    Barbados: 22,127. Across the 185 countries in this edition, values run from 1,067 (Burundi) to 139,593 (Singapore); the world median is 17,265.

    World median
    17,265
    Best in Caribbean
    48,273 Sint Maarten
  2. Key 2 of 4

    Firms with a Bank Loan or Line of Credit

    World Bank Group

    Why it is a key

    Latest reading per country, 2016–2025 · Barbados’s is from 2023 · CC BY 4.0

    26.93

    Firms with a bank loan or line of credit (%)

    Higher is better

    Barbados: 26.93. Across the 179 countries at their latest reading, values run from 2.113 (Pakistan) to 88.52 (Israel); the world median is 35.95.

    World median
    35.95
    Best in Caribbean
    57.57 Saint Lucia
  3. Key 3 of 4

    Economic Complexity Index

    Growth Lab at Harvard University

    Why it is a key

    2024 edition · data for 2024 · CC0 1.0

    No reading

    ECI score (standardised, roughly −3 to +3)

    Higher is better

    Growth Lab at Harvard University publishes no 2024 figure for Barbados, so the standing rests on the other keys.

    Across the 145 countries in this edition, values run from -3.53 (Chad) to 1.729 (Japan); the world median is 0.131.

    World median
    0.131
    Best in Caribbean
    0.056 Trinidad and Tobago
  4. Key 4 of 4

    Account Ownership at a Financial Institution

    World Bank Group

    Why it is a key

    2024 edition · data for 2024 · CC BY 4.0

    No reading

    Adults with an account (% of population aged 15+)

    Higher is better

    World Bank Group publishes no 2024 figure for Barbados, so the standing rests on the other keys.

    Across the 139 countries in this edition, values run from 14.83 (Niger) to 99.85 (Iceland); the world median is 72.83.

    World median
    72.83
    Best in Caribbean
    74.59 Trinidad and Tobago

03In context

Barbados beside its neighbours

A position reads best beside the countries around it. Every position below is a place among all 176 countries on economy & innovation, never a place within the region.

Caribbean
1st176thNot placed · 48 countries with too few key statisticsNo data

The whole world on economy & innovation

Barbados and Caribbean

Barbados has no land border, so the table compares it with its sub-region. Standing among all 176; the key columns are the publishers’ own values.

CountryStandingGDP per Capita (PPP)GDP per capita (constant 2021 international $, PPP)Firms with a Bank Loan or Line of CreditFirms with a bank loan or line of credit (%)Economic Complexity IndexECI score (standardised, roughly −3 to +3)Account Ownership at a Financial InstitutionAdults with an account (% of population aged 15+)
Saint Lucia34th24,50357.57——
Dominican Republic67th24,54353.550.03464.78
Antigua and Barbuda72nd30,62033.01——
Grenada=77th18,24139.29——
Trinidad and Tobago=80th31,72228.630.05674.59
Saint Vincent and the Grenadines85th19,48335.66——
Jamaica93rd11,35847.74-0.351—
Barbados96th22,12726.93——
Haiti=151st2,678—-0.558—
Anguillanot placed————
Arubanot placed————
Bahamasnot placed—34.24——
British Virgin Islandsnot placed————
Cayman Islandsnot placed————
Cubanot placed——-1.048—
Curaçaonot placed————
Dominicanot placed19,40932.81——
Montserratnot placed————
Puerto Riconot placed44,603———
Saint Kitts and Nevisnot placed31,42849.32——
Saint Martinnot placed————
Sint Maartennot placed48,273———
Turks and Caicos Islandsnot placed————
United States Virgin Islandsnot placed————

“—”: no published reading in that edition. What a standing is

04Context, no vote

Where Barbados is ahead of the world, and behind

36 more statistics filed under economy & innovation, published in full and deliberately given no vote in the standing. Select a row for the publisher, the rank and the links.

Every country

Ahead of the world median8

Statistics on which Barbados does better than the middle country measured.

  • Water-Use EfficiencyFAO · 2023 · world median 16.161.68▼ Worsened since 2013

    Barbados: 61.68 · world median 16.1 · Value added per cubic metre of freshwater withdrawn (constant US$ per m³). Food and Agriculture Organization of the United Nations (FAO), 2023 edition, data for 2023.

    Published values in that edition run from 0.38 to 1,378; higher is better.

    Chart and every countryThe 2023 dataset

  • Productive Capacities IndexUNCTAD · 2022 · world median 46.6755.61▼ Worsened since 2012

    Barbados: 55.61 · world median 46.67 · Productive Capacities Index (1–100). UN Trade and Development (UNCTAD), 2022 edition, data for 2022.

    Published values in that edition run from 17.8 to 71.02; higher is better.

    Position 52nd of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Management Practices IndexWorld Bank Group · 2026 · world median 52.3957.75No earlier reading

    Barbados: 57.75 · world median 52.39 · Management practices index, medium and large firms (0–100). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 28.07 to 69.29; higher is better.

    Position 48th of 169 · derived.

    Chart and every countryThe 2026 dataset

  • Regulatory QualityWorld Bank Group · 2025 · world median -0.0930.394No real change since 2015

    Barbados: 0.394 · world median -0.093 · Regulatory Quality (−2.5 to 2.5). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -2.106 to 2.113; higher is better.

    Position 65th of 209 · derived.

    Chart and every countryThe 2025 dataset

  • Frontier Technology Readiness IndexUNCTAD · 2023 · world median 0.4850.618No real change since 2013

    Barbados: 0.618 · world median 0.485 · Frontier Technology Readiness Index (0–1). UN Trade and Development (UNCTAD), 2023 edition, data for 2023.

    Published values in that edition run from 0 to 1; higher is better.

    Position 58th of 170 · derived.

    Chart and every countryThe 2023 dataset

  • Informal Output (DGE Model Estimate)World Bank Group (Prospects Group) · 2020 · world median 27.523.87▼ Worsened since 2010

    Barbados: 23.87 · world median 27.5 · Informal output, model estimate (% of official GDP). World Bank Group (Prospects Group), 2020 edition, data for 2020.

    Published values in that edition run from 7.91 to 60.43; lower is better.

    Chart and every countryThe 2020 dataset

  • Crop Production IndexFAO · 2022 · world median 106.23108.33▼ Worsened since 2012

    Barbados: 108.33 · world median 106.23 · Crop production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 53.79 to 189.93; higher is better.

    Position 79th of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Business Ready: Operational EfficiencyWorld Bank Group · 2024 · world median 65.8266.55No earlier reading

    Barbados: 66.55 · world median 65.82 · Operational efficiency score (0–100). World Bank Group, 2024 edition, data for 2024.

    Published values in that edition run from 40.36 to 87.33; higher is better.

    Position 22nd of 50 · derived.

    Chart and every countryThe 2024 dataset

Behind the world median13

Statistics on which Barbados does worse than the middle country measured.

  • Historical GDP per Capita (Maddison)GGDC · 2022 · world median 12,89011,546▼ Worsened since 2012

    Barbados: 11,546 · world median 12,890 · GDP per capita (2011 international $). Maddison Project, Groningen Growth and Development Centre (GGDC), 2022 edition, data for 2022.

    Published values in that edition run from 596.39 to 149,171; higher is better.

    Position 89th of 166 · derived.

    Chart and every countryThe 2022 dataset

  • Global Innovation IndexWorld Intellectual Property Organization · 2025 · world median 28.5225.13▼ Worsened since 2024

    Barbados: 25.13 · world median 28.52 · GII score (0–100). World Intellectual Property Organization, 2025 edition, data for 2025.

    Published values in that edition run from 11.94 to 65.96; higher is better.

    Ranked 84th of 139 by World Intellectual Property Organization.

    Chart and every countryThe 2025 dataset

  • Food Production IndexFAO · 2022 · world median 106.08102.71▼ Worsened since 2012

    Barbados: 102.71 · world median 106.08 · Food production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 71.08 to 177.49; higher is better.

    Position 118th of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Business Ready: Public ServicesWorld Bank Group · 2024 · world median 50.1346.4No earlier reading

    Barbados: 46.4 · world median 50.13 · Public services score (0–100). World Bank Group, 2024 edition, data for 2024.

    Published values in that edition run from 18.35 to 73.31; higher is better.

    Position 31st of 50 · derived.

    Chart and every countryThe 2024 dataset

  • ICT Goods ExportsUNCTAD · 2024 · world median 0.9750.57▼ Worsened since 2014

    Barbados: 0.57 · world median 0.975 · ICT goods exports (% of total goods exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 0 to 61.45; higher is better.

    Position 74th of 119 · derived.

    Chart and every countryThe 2024 dataset

  • GDP GrowthWorld Bank Group · 2025 · world median 3.3962.7▲ Improved since 2015

    Barbados: 2.7 · world median 3.396 · GDP growth (annual %). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -5.847 to 19.34; higher is better.

    Position 116th of 186 · derived.

    Chart and every countryThe 2025 dataset

  • Liner Shipping Connectivity IndexUNCTAD · 2026 · world median 56.2132.87▼ Worsened since 2016

    Barbados: 32.87 · world median 56.21 · LSCI (index, average Q1 2023 = 100). UN Trade and Development (UNCTAD), 2026 edition, data for 2026.

    Published values in that edition run from 4.13 to 1,319; higher is better.

    Ranked 108th of 175 by UNCTAD.

    Chart and every countryThe 2026 dataset

  • Firms Competing Against Informal FirmsWorld Bank Group · 2026 · world median 41.8152.7No earlier reading

    Barbados: 52.7 · world median 41.81 · Firms competing against unregistered or informal firms (%). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 1.926 to 90.5; lower is better.

    Position 62nd of 181 · derived, 1st = worst.

    Chart and every countryThe 2026 dataset

  • Livestock Production IndexFAO · 2022 · world median 107.06100.84▼ Worsened since 2012

    Barbados: 100.84 · world median 107.06 · Livestock production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 35.52 to 190.08; higher is better.

    Position 134th of 194 · derived.

    Chart and every countryThe 2022 dataset

  • Government AI Readiness IndexOxford Insights · 2025 · world median 40.1923.33▼ Worsened since 2020

    Barbados: 23.33 · world median 40.19 · AI readiness score (0–100). Oxford Insights, 2025 edition, data for 2025.

    Published values in that edition run from 12.12 to 88.36; higher is better.

    Ranked 155th of 195 by Oxford Insights.

    Chart and every countryThe 2025 dataset

  • Business Ready: Regulatory FrameworkWorld Bank Group · 2024 · world median 66.858.77No earlier reading

    Barbados: 58.77 · world median 66.8 · Regulatory framework score (0–100). World Bank Group, 2024 edition, data for 2024.

    Published values in that edition run from 46.21 to 78.34; higher is better.

    Position 40th of 50 · derived.

    Chart and every countryThe 2024 dataset

  • Firms with an International Quality CertificationWorld Bank Group · 2026 · world median 10.42.917No earlier reading

    Barbados: 2.917 · world median 10.4 · Firms with an internationally recognised quality certification (%). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 0 to 45.77; higher is better.

    Chart and every countryThe 2026 dataset

  • Total Factor Productivity LevelGGDC · 2023 · world median 0.6270.324▼ Worsened since 2013

    Barbados: 0.324 · world median 0.627 · TFP level at current PPPs (USA = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.

    Published values in that edition run from 0.052 to 1.192; higher is better.

    Chart and every countryThe 2023 dataset

No better end15

These describe the shape of a country — more is not better or worse, only different — so they are never ahead or behind.

  • Price Level of Household ConsumptionGGDC · 2023 · world median 0.5231.507Moved since 2013

    Barbados: 1.507 · world median 0.523 · Price level of household consumption (US output price level in 2021 = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.

    Published values in that edition run from 0.177 to 65.54.

    Chart and every countryThe 2023 dataset

  • Tariff Rate, Applied, Weighted Mean, All ProductsWorld Bank Group · 2022 · world median 3.6614.58Moved since 2012

    Barbados: 14.58 · world median 3.66 · Applied tariff rate, trade-weighted mean (%). World Bank Group, 2022 edition, data for 2022.

    Published values in that edition run from 0 to 29.52.

    Chart and every countryThe 2022 dataset

  • Creative Goods ExportsUNCTAD · 2024 · world median 1.2353.137Moved since 2014

    Barbados: 3.137 · world median 1.235 · Creative goods exports (% of merchandise exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 0 to 37.23.

    Chart and every countryThe 2024 dataset

  • Services ExportsUNCTAD · 2025 · world median 9.60220.52Moved since 2015

    Barbados: 20.52 · world median 9.602 · Services exports (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 0.085 to 166.21.

    Chart and every countryThe 2025 dataset

  • Tax Revenue (% of GDP)OECD · 2024 · world median 21.8530.74Moved since 2014

    Barbados: 30.74 · world median 21.85 · Total tax revenue, all levels of government (% of GDP). OECD, 2024 edition, data for 2024.

    Published values in that edition run from 3.11 to 45.18.

    Chart and every countryThe 2024 dataset

  • Foreign Direct Investment InflowsUNCTAD · 2025 · world median 1.9683.401Moved since 2015

    Barbados: 3.401 · world median 1.968 · FDI inflows (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from -32.97 to 2,221.

    Chart and every countryThe 2025 dataset

  • Statutory Minimum WageILO · 2024 · world median 657.95592.45Moved since 2014

    Barbados: 592.45 · world median 657.95 · Statutory minimum wage per month (2021 PPP $). International Labour Organization (ILO), 2024 edition, data for 2024.

    Published values in that edition run from 4.038 to 3,804.

    Chart and every countryThe 2024 dataset

  • Commodity Export DependenceUNCTAD · 2024 · world median 67.1751.66No real change since 2014

    Barbados: 51.66 · world median 67.17 · Commodity exports (% of merchandise exports, three-year average). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 4.605 to 99.77.

    Chart and every countryThe 2024 dataset

  • Terms of Trade IndexUNCTAD · 2025 · world median 103.2397.91Moved since 2015

    Barbados: 97.91 · world median 103.23 · Terms of trade index (2015 = 100). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 38.2 to 1,448.

    Chart and every countryThe 2025 dataset

  • Inflation, GDP DeflatorWorld Bank Group · 2025 · world median 3.3062.741Moved since 2015

    Barbados: 2.741 · world median 3.306 · Annual change in the GDP implicit deflator (%). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -7.93 to 227.09.

    Chart and every countryThe 2025 dataset

  • Total Natural Resources Rents (% of GDP)World Bank Group · 2021 · world median 1.7080.328No real change since 2011

    Barbados: 0.328 · world median 1.708 · Natural resources rents (% of GDP). World Bank Group, 2021 edition, data for 2021.

    Published values in that edition run from 0 to 61.03.

    Position 137th of 180 · derived, counted from the highest value.

    Chart and every countryThe 2021 dataset

  • Scholarly ArticlesOurResearch · 2025 · world median 2,240353No real change since 2022

    Barbados: 353 · world median 2,240 · Articles with at least one author at an institution in the country (full counting). OpenAlex (OurResearch), 2025 edition, data for 2025.

    Published values in that edition run from 1 to 1,094,890.

    Chart and every countryThe 2025 dataset

  • Export Concentration IndexUNCTAD · 2025 · world median 0.3060.194Moved since 2015

    Barbados: 0.194 · world median 0.306 · Export concentration index (0–1, normalised Herfindahl–Hirschman). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 0.059 to 0.933.

    Chart and every countryThe 2025 dataset

  • Merchant Fleet by Country of OwnershipUNCTAD · 2026 · world median 275.739.484No real change since 2016

    Barbados: 9.484 · world median 275.73 · Merchant fleet owned (thousand dead-weight tons). UN Trade and Development (UNCTAD), 2026 edition, data for 2026.

    Published values in that edition run from 0 to 397,071.

    Chart and every countryThe 2026 dataset

  • Statutory Corporate Income Tax RateOECD · 2026 · world median 249Moved since 2016

    Barbados: 9 · world median 24 · Combined statutory corporate income tax rate, central and sub-central government (%). OECD, 2026 edition, data for 2026.

    Published values in that edition run from 0 to 36.13.

    Chart and every countryThe 2026 dataset

“Position · derived” is this site’s ordering of the published values, 1st = best unless the row says otherwise; the publisher ranks no country on it. Rank, position and standing

06The top of the list

Who leads on economy & innovation

The three countries placed highest of 176, and the leaders Barbados can most readily be measured against.

All 176 countries
  1. 1

    Austria

    Western Europe

    1st of 176 · 4 of 4 keys

    Photo: chensiyuan · CC BY-SA 4.0, greyscale

  2. 2

    Japan

    Eastern Asia

    2nd of 176 · 4 of 4 keys

    Photo: JurriaanH · CC BY-SA 3.0, greyscale

  3. 3

    Germany

    Western Europe

    3rd of 176 · 4 of 4 keys

    Photo: dronepicr · CC BY 2.0, greyscale

Placed highest nearby

  1. Highest in Americas

    Canada18th4/4 keys
  2. Highest in Caribbean

    Saint Lucia34th2/4 keys
  3. This page

    Barbados96th2/4 keys

Positions out of 176 placed on the topic. A country needs readings on enough keys to be placed, and the top of the list is often held on fewer of them.

08Questions

Barbados on economy & innovation: questions answered

Every answer is built from the numbers on this page, so none can say something the page does not.

How does Barbados rank on economy & innovation?

Barbados is placed 96th of 176 countries on Economy & Innovation in the Country Index 2026, from 2 of its 4 key statistics (GDP per Capita (PPP) and Firms with a Bank Loan or Line of Credit). The position is this site’s ordering of published statistics, not a rank any publisher printed.

What is the latest GDP per Capita (PPP) figure for Barbados?

22,127 in 2025 (gDP per capita (constant 2021 international $, PPP)), according to World Bank Group. The world median in the same edition was 17,265.

What is the latest Firms with a Bank Loan or Line of Credit figure for Barbados?

26.93 in 2025 (firms with a bank loan or line of credit (%)), according to World Bank Group. The world median in the same edition was 35.95.

How have Barbados’s economy & innovation figures changed?

GDP per Capita (PPP) rose from 21,316 in 2000 to 22,127 in 2025.

Which economy & innovation statistics are missing for Barbados?

No current reading is published for Barbados on Account Ownership at a Financial Institution, Actual Individual Consumption per Capita (PPP), Adjusted Net Savings, Agriculture, Forestry and Fishing Value Added (% of GDP), Average Monthly Earnings of Employees, Complexity Outlook Index, Comprehensive Wealth per Capita, Container Port Traffic, Creative Services Exports, Debt Service on External Debt, Digitally-Deliverable Services Exports, Economic Complexity Index, Exports of Goods and Services (% of GDP), External Debt Stocks (% of GNI), Foreign Value Added Share of Gross Exports, General Government Consumption, Gini Index, Gini Index of Disposable Income (SWIID), GNI per Capita (PPP), Gross Capital Formation (% of GDP), Gross Savings (% of GDP), Household Consumption, ICT Services Exports, Imports of Goods and Services (% of GDP), Income Share Held by Lowest 20%, Income Share Held by Richest 10%, Industry Value Added including Construction (% of GDP), Interest Payments on External Debt, Logistics Performance Index, Manufacturing Value Added (% of GDP), New Business Density, Palma Ratio, Research and Development Spending, Researchers per Million Inhabitants, Trade (% of GDP) and World Energy Trilemma Index. They are listed rather than hidden, so the evidence on the page can be checked against it.

09Method

Method, sources and how to cite

What this topic does not measure

The total size of an economy is deliberately left out: a very large economy spread over a very large population is not doing more for each person. Growth rates, trade shares and the structure of output (how much is farming, industry or services) are published here as context, because they describe an economy's shape rather than how well it serves people. Jobs and wages have their own topic, Work & Labour.

About economy & innovation, in full

How the Economy & Innovation standing is decided

A standing is this site’s ordering, named with its edition — never a publisher’s rank. 4 key statistics vote, one vote each; every country’s published value becomes a place within that key’s own field, the places are averaged, and the average is never published. A country needs 2 of the 4 keys to be placed.

The economy & innovation method, step by stepHow every standing on this site is built

The key statistics and their licences

The other 36 statistics on this page come from 11 publishers, each named beside its numbers, with every edition and licence on the datasets pages.

The standing itself is part of the Country Index 2026, published under CC BY-SA 4.0.

Photographs

Barbados’s banner and the countries placed highest, from their profiles: Wikimedia Commons, shown in greyscale, each used under the licence named.

Cite this page

Nations Inquiry (2026). Barbados: Economy & Innovation — standing and statistics, Country Index 2026. https://nationsinquiry.com/countries/barbados/economy

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