Barbados Competitiveness Rank2022 Data - 2023 Forecast - 2007-2021 Historical

Name: Barbados Competitiveness Rank
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Barbados,Competitiveness Rank,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Barbados is the 77 most competitive nation in the world out of 140 countries ranked in the 2019 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 February of 2023.

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Related	Last	Previous	Unit	Reference
Competitiveness Rank	77.00	72.00		Dec 2019
Competitiveness Index	58.90	4.19	Points	Dec 2019

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.