Barbados is the 72 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 48.50 from 2007 until 2017, reaching an all time high of 72.00 in 2017 and a record low of 41.00 in 2007.

Competitiveness Rank in Barbados is expected to be 73.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Competitiveness Rank is projected to trend around 74.00 in 2020, according to our econometric models.

Barbados Competitiveness Rank
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Barbados Business Last Previous Highest Lowest Unit
Industrial Production -4.70 5.10 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 [+]
Manufacturing Production -8.60 7.20 19.10 -21.10 percent [+]
Mining Production 2.00 -3.20 92.50 -54.90 percent [+]
Ease Of Doing Business 129.00 132.00 132.00 115.00 [+]
Corruption Index 68.00 61.00 78.00 61.00 Points [+]
Corruption Rank 25.00 31.00 31.00 15.00 [+]
Competitiveness Index 4.19 4.35 4.47 4.19 Points [+]
Competitiveness Rank 72.00 55.00 72.00 41.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
72.00 55.00 72.00 41.00 2007 - 2017 Yearly




Country Last
United States 1.00 Dec/18
Singapore 2.00 Dec/18
Germany 3.00 Dec/18
Switzerland 4.00 Dec/18
Japan 5.00 Dec/18
Netherlands 6.00 Dec/18
United Kingdom 8.00 Dec/18
Canada 12.00 Dec/18
Australia 14.00 Dec/18
South Korea 15.00 Dec/18
France 17.00 Dec/18
Spain 26.00 Dec/18
China 28.00 Dec/18
Italy 31.00 Dec/18
Saudi Arabia 39.00 Dec/18
Russia 43.00 Dec/18
Indonesia 45.00 Dec/18
Mexico 46.00 Dec/18
India 58.00 Dec/18
Turkey 61.00 Dec/18
South Africa 67.00 Dec/18
Brazil 72.00 Dec/18
Argentina 81.00 Dec/18


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