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. source: 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. This page provides the latest reported value for - Barbados Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Barbados Competitiveness Rank - values, historical data and charts - was last updated on May of 2021.

Competitiveness Rank in Barbados is expected to reach 72.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Competitiveness Rank is projected to trend around 72.00 in 2021, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Internet Speed 6709.63 5823.28 6709.63 1031.42 KBps [+]
IP Addresses 48577.00 41808.00 76537.00 26619.00 IP [+]
Competitiveness Index 58.90 4.19 58.90 4.19 Points [+]
Competitiveness Rank 77.00 72.00 77.00 41.00 [+]
Ease Of Doing Business 128.00 129.00 132.00 115.00 [+]
Corruption Index 64.00 62.00 78.00 61.00 Points [+]
Corruption Rank 29.00 30.00 31.00 15.00 [+]


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.