KPI |
2024 - Barbados |
Weight |
Best |
Worst |
Aspirational value |
Current Value |
Institutional environment
Rank 42 / Score 64.26 |
Operational stability for businesses |
Initial Value: 0.5
|
4.45 |
0.70 |
Worst: Lebanon 4.45 Best: Singapore 0.70
73.33% |
1.7Value: 1.7
|
Government effectiveness |
Initial Value: 1
|
2.14 |
-1.68 |
Worst: Myanmar -1.68 Best: Singapore 2.14
55.2% |
0.43Value: 0.42870363593
|
Regulatory environment
Rank 49 / Score 54.24 |
Regulatory quality |
Initial Value: 0.5
|
2.21 |
-1.59 |
Worst: Iran, Islamic Rep. -1.59 Best: Singapore 2.21
54.38% |
0.48Value: 0.47650030255
|
Rule of law |
Initial Value: 0.5
|
1.96 |
-1.53 |
Worst: Myanmar -1.53 Best: Finland 1.96
54.12% |
0.36Value: 0.35876020789
|
Business Environment
Rank 64 / Score 46.76 |
Policies for doing business |
Initial Value: 1
|
6.38 |
1.79 |
Worst: Argentina 1.79 Best: Singapore 6.38
46.7% |
3.93Value: 3.93333
|
Entrepreneurship policies and culture |
Initial Value: 1
|
6.98 |
3.19 |
Worst: Iran, Islamic Rep. 3.19 Best: United Arab Emirates 6.98
|
N/AValue: N/A
|
Education
Rank 62 / Score 53.59 |
Expenditure on education |
Initial Value: 1
|
9.05 |
1.20 |
Worst: Sri Lanka 1.20 Best: Namibia 9.05
50.01% |
5.13Value: 5.126
|
Government funding per secondary student |
Initial Value: 1
|
51.06 |
5.88 |
Worst: Guatemala 5.88 Best: Tunisia 51.06
35.08% |
21.73Value: 21.7290802
|
School life expectancy |
Initial Value: 1
|
20.65 |
6.70 |
Worst: Niger 6.70 Best: Australia 20.65
|
N/AValue: N/A
|
PISA scales in reading, math and science |
Initial Value: 0.5
|
579.03 |
337.45 |
Worst: Cambodia 337.45 Best: China 579.03
|
N/AValue: N/A
|
Pupil-teacher ratio, secondary |
Initial Value: 0.5
|
43.67 |
6.13 |
Worst: Ethiopia 43.67 Best: Croatia 6.13
75.64% |
15.28Value: 15.275584206
|
Tertiary Education
Rank 0 / Score 0 |
Tertiary enrolment |
Initial Value: 1
|
150.20 |
4.27 |
Worst: Niger 4.27 Best: Greece 150.20
|
N/AValue: N/A
|
Graduates in Science and engineering |
Initial Value: 1
|
40.23 |
8.92 |
Worst: Namibia 8.92 Best: Malaysia 40.23
|
N/AValue: N/A
|
Tertiary inbound mobility |
Initial Value: 0.5
|
72.98 |
0.05 |
Worst: Myanmar 0.05 Best: United Arab Emirates 72.98
|
N/AValue: N/A
|
Research and Development
Rank 120 / Score 0 |
Researchers FTE |
Initial Value: 1
|
9929.18 |
14.52 |
Worst: Guatemala 14.52 Best: Sweden 9929.18
|
N/AValue: N/A
|
Gross expenditure on R&D (GERD) |
Initial Value: 1
|
6.02 |
0.01 |
Worst: Mauritania 0.01 Best: Israel 6.02
|
N/AValue: N/A
|
Global RnD companies, average expenditure, top 3 |
Initial Value: 1
|
33011.65 |
0.00 |
Worst: Albania 0.00 Best: United States 33011.65
0% |
0Value: 0
|
QS university ranking average score of top 3 universities |
Initial Value: 1
|
98.80 |
0.00 |
Worst: Albania 0.00 Best: United States 98.80
0% |
0Value: 0
|
ICTs
Rank 88 / Score 60.05 |
ICT access |
Initial Value: 1
|
100.00 |
28.55 |
Worst: Madagascar 28.55 Best: Bahrain 100.00
90.3% |
93.07Value: 93.070631579
|
ICT use |
Initial Value: 1
|
100.00 |
22.31 |
Worst: Mali 22.31 Best: Kuwait 100.00
62.5% |
70.87Value: 70.868883765
|
Government online service |
Initial Value: 1
|
1.00 |
0.10 |
Worst: Mauritania 0.10 Best: Estonia 1.00
48.76% |
0.54Value: 0.5388
|
online e-participation |
Initial Value: 1
|
1.00 |
0.02 |
Worst: Mauritania 0.02 Best: Japan 1.00
38.54% |
0.4Value: 0.3977
|
General Infrastructure
Rank 120 / Score 12.52 |
Electricity output |
Initial Value: 0.5
|
52670.16 |
28.51 |
Worst: Niger 28.51 Best: Iceland 52670.16
|
N/AValue: N/A
|
Logistics performance |
Initial Value: 0.5
|
4.30 |
2.10 |
Worst: Angola 2.10 Best: Singapore 4.30
|
N/AValue: N/A
|
Gross capital formation |
Initial Value: 1
|
46.25 |
13.90 |
Worst: Tunisia 13.90 Best: Cape Verde 46.25
12.51% |
17.95Value: 17.945666667
|
Ecological sustainability
Rank 119 / Score 6.85 |
GDP per unit of energy use |
Initial Value: 1
|
41.58 |
2.12 |
Worst: Trinidad and Tobago 2.12 Best: Ireland 41.58
|
N/AValue: N/A
|
Low-carbon energy use, % |
Initial Value: 1
|
83.74 |
0.01 |
Worst: Trinidad and Tobago 0.01 Best: Iceland 83.74
4.44% |
3.72Value: 3.7244987083
|
ISO 14001 environmental certificates |
Initial Value: 1
|
12.33 |
0.06 |
Worst: Ethiopia 0.06 Best: Bulgaria 12.33
9.26% |
1.2Value: 1.195933825
|
Credit
Rank 69 / Score 25.61 |
Finance for startups and scaleups |
Initial Value: 1
|
6.90 |
2.23 |
Worst: Mozambique 2.23 Best: Finland 6.90
|
N/AValue: N/A
|
Domestic credit to private sector |
Initial Value: 1
|
263.59 |
8.44 |
Worst: Angola 8.44 Best: Hong Kong SAR 263.59
25.6% |
73.77Value: 73.770195155
|
Loans from microfinance institutions, % GDP |
Initial Value: 1
|
31.68 |
0.00 |
Worst: Angola 0.00 Best: Cambodia 31.68
0% |
N/AValue: N/A
|
Investment
Rank 38 / Score 21.61 |
Venture capital received, value, % GDP |
Initial Value: 1
|
0.02 |
0.00 |
Worst: Barbados 0.00 Best: Estonia 0.02
0% |
0Value: 0
|
Market capitalization |
Initial Value: 1
|
1506.46 |
0.23 |
Worst: Algeria 0.23 Best: Hong Kong SAR 1506.46
4.22% |
63.87Value: 63.865675729
|
Venture capital investors, deals |
Initial Value: 1
|
2.75 |
0.00 |
Worst: Myanmar 0.00 Best: Singapore 2.75
7.9% |
0.22Value: 0.21720243267
|
Venture capital recipients, deals |
Initial Value: 1
|
1.83 |
0.00 |
Worst: Russian Federation 0.00 Best: Singapore 1.83
10.05% |
0.18Value: 0.18395879323
|
Trade, competition, and market scale
Rank 127 / Score 14.99 |
Applied tariff rate, weighted average |
Initial Value: 0.5
|
12.70 |
0.00 |
Worst: Algeria 12.70 Best: Hong Kong SAR 0.00
29.97% |
8.89Value: 8.8944227134
|
Domestic industry diversification |
Initial Value: 1
|
0.55 |
0.06 |
Worst: Angola 0.55 Best: Portugal 0.06
112.24% |
N/AValue: N/A
|
Domestic market scale |
Initial Value: 1
|
32897.93 |
5.44 |
Worst: Barbados 5.44 Best: China 32897.93
0% |
5.44Value: 5.436
|
Knowledge workers
Rank 78 / Score 28.1 |
Knowledge-intensive employment |
Initial Value: 1
|
64.14 |
2.75 |
Worst: Burundi 2.75 Best: Luxembourg 64.14
42.11% |
28.6Value: 28.602067928
|
Firms offering formal training |
Initial Value: 1
|
73.70 |
3.90 |
Worst: Saudi Arabia 3.90 Best: Ecuador 73.70
7.31% |
9Value: 9
|
GERD performed by business enterprise |
Initial Value: 1
|
5.55 |
0.00 |
Worst: Panama 0.00 Best: Israel 5.55
0% |
N/AValue: N/A
|
GERD financed by business enterprise |
Initial Value: 1
|
80.84 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Thailand 80.84
0% |
N/AValue: N/A
|
Females employed with advanced degrees |
Initial Value: 0.5
|
30.51 |
0.15 |
Worst: Tanzania 0.15 Best: Lithuania 30.51
34.89% |
10.74Value: 10.742384065
|
Innovation linkage
Rank 30 / Score 39.97 |
University/industry research collaboration |
Initial Value: 0.5
|
5.75 |
2.25 |
Worst: Myanmar 2.25 Best: Switzerland 5.75
22.45% |
3.04Value: 3.03571
|
Public Research–Industry co-publications, % |
Initial Value: 1
|
9.05 |
0.13 |
Worst: Niger 0.13 Best: Japan 9.05
11.31% |
1.14Value: 1.1389700004
|
State of cluster development |
Initial Value: 1
|
5.31 |
2.69 |
Worst: Angola 2.69 Best: China 5.31
29.55% |
3.46Value: 3.46429
|
Joint venture/strategic alliance deals |
Initial Value: 1
|
0.22 |
0.00 |
Worst: Iran, Islamic Rep. 0.00 Best: Canada 0.22
37% |
0.08Value: 0.0814000814
|
Patent families filed in two offices |
Initial Value: 1
|
58.12 |
0.00 |
Worst: Angola 0.00 Best: Barbados 58.12
100% |
58.12Value: 58.11965812
|
Knowledge absorption
Rank 72 / Score 25.15 |
Intellectual property payments |
Initial Value: 1
|
21.44 |
0.00 |
Worst: Armenia 0.00 Best: Ireland 21.44
1.83% |
0.39Value: 0.39184424166
|
High tech imports |
Initial Value: 1
|
58.30 |
0.25 |
Worst: Albania 0.25 Best: Hong Kong SAR 58.30
10.19% |
6.17Value: 6.1672413673
|
ICT services imports |
Initial Value: 0.5
|
18.27 |
0.01 |
Worst: Paraguay 0.01 Best: Cyprus 18.27
9.08% |
1.67Value: 1.6673373698
|
Foreign direct investment net inflows |
Initial Value: 0.5
|
38.37 |
-117.26 |
Worst: Luxembourg -117.26 Best: Hungary 38.37
78.32% |
4.63Value: 4.6296740244
|
Research talent in business enterprise |
Initial Value: 1
|
82.64 |
0.30 |
Worst: Mozambique 0.30 Best: Korea, Rep. 82.64
|
N/AValue: N/A
|
knowledge creation
Rank 13 / Score 50.36 |
Patent applications by origin |
Initial Value: 1
|
66.09 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Korea, Rep. 66.09
25.87% |
17.1Value: 17.096018735
|
PCT applications by origin |
Initial Value: 0.5
|
14.90 |
0.00 |
Worst: Angola 0.00 Best: Barbados 14.90
100% |
14.9Value: 14.900662252
|
Utility models by origin |
Initial Value: 1
|
97.43 |
0.00 |
Worst: Benin 0.00 Best: China 97.43
0% |
N/AValue: N/A
|
Scientific and technical publications |
Initial Value: 1
|
46.86 |
0.64 |
Worst: Angola 0.64 Best: Iceland 46.86
29.26% |
14.16Value: 14.164827079
|
Citable documents H index |
Initial Value: 1
|
3051.00 |
48.00 |
Worst: Cape Verde 48.00 Best: United States 3051.00
2.13% |
112Value: 112
|
Knowledge Impact
Rank 130 / Score 10.3 |
Labor productivity growth |
Initial Value: 1
|
6.99 |
-5.54 |
Worst: Lebanon -5.54 Best: Georgia 6.99
44.21% |
N/AValue: N/A
|
Unicorn valuation |
Initial Value: 1
|
22.25 |
0.00 |
Worst: Albania 0.00 Best: Estonia 22.25
0% |
0Value: 0
|
Total computer software spending |
Initial Value: 1
|
0.99 |
0.00 |
Worst: Ethiopia 0.00 Best: United States 0.99
20.96% |
0.21Value: 0.20755141808
|
High-tech manufacturing |
Initial Value: 1
|
81.95 |
1.04 |
Worst: Madagascar 1.04 Best: Singapore 81.95
|
N/AValue: N/A
|
Knowledge diffusion
Rank 101 / Score 8.47 |
IP receipts |
Initial Value: 0.5
|
5.49 |
0.00 |
Worst: Angola 0.00 Best: Switzerland 5.49
11.21% |
0.62Value: 0.6156627151
|
High Tech exports |
Initial Value: 1
|
45.26 |
0.00 |
Worst: Cape Verde 0.00 Best: Malaysia 45.26
2.83% |
1.28Value: 1.281151771
|
ICT services export |
Initial Value: 1
|
33.00 |
0.05 |
Worst: Brunei Darussalam 0.05 Best: Ireland 33.00
1.12% |
0.42Value: 0.41870824013
|
Production and export complexity |
Initial Value: 0.5
|
2.26 |
-1.71 |
Worst: Cameroon -1.71 Best: Japan 2.26
43.07% |
N/AValue: N/A
|
ISO 9001 quality/bn PPP$ GDP |
Initial Value: 1
|
35.24 |
0.10 |
Worst: Niger 0.10 Best: Belarus 35.24
7.09% |
2.59Value: 2.5911899542
|
Intangible Assets
Rank 101 / Score 8.88 |
Intangible asset intensity, top 15, % |
Initial Value: 1
|
89.89 |
-181.36 |
Worst: Montenegro -181.36 Best: United States 89.89
66.86% |
N/AValue: N/A
|
Trademark application class count by origin |
Initial Value: 1
|
241.72 |
1.19 |
Worst: Niger 1.19 Best: China 241.72
8.62% |
21.93Value: 21.925453458
|
Industrial design by origin |
Initial Value: 0.5
|
25.74 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: China 25.74
0.86% |
0.22Value: 0.22109219545
|
Global brand value, top 5,000 |
Initial Value: 1
|
24.25 |
0.00 |
Worst: Albania 0.00 Best: Hong Kong SAR 24.25
0% |
N/AValue: N/A
|
Creative Goods
Rank 38 / Score 30.57 |
Cultural and creative services exports |
Initial Value: 0.5
|
19.21 |
0.00 |
Worst: Ethiopia 0.00 Best: Malta 19.21
2.48% |
0.48Value: 0.477355559
|
National feature films produced |
Initial Value: 0.5
|
36.86 |
0.00 |
Worst: Azerbaijan 0.00 Best: Iceland 36.86
30.57% |
11.27Value: 11.268240464
|
Entertainment and media market |
Initial Value: 0.5
|
3.49 |
0.02 |
Worst: Pakistan 0.02 Best: United States 3.49
|
N/AValue: N/A
|
Creative goods exports |
Initial Value: 1
|
12.09 |
0.00 |
Worst: Qatar 0.00 Best: Hong Kong SAR 12.09
5.81% |
0.7Value: 0.70299675728
|
Online creativity
Rank 96 / Score 20.11 |
Top-level domains (TLDs)/th pop. 15–69 |
Initial Value: 1
|
2663.43 |
0.11 |
Worst: Ethiopia 0.11 Best: Montenegro 2663.43
2.12% |
56.51Value: 56.509242561
|
GitHub commits/mn pop. 15–69 |
Initial Value: 1
|
11029509.53 |
3245.98 |
Worst: Niger 3245.98 Best: Singapore 11029509.53
2.81% |
313480.61Value: 313480.61317
|
Mobile apps creation |
Initial Value: 1
|
90598013.84 |
0.04 |
Worst: Madagascar 0.04 Best: Cyprus 90598013.84
0.01% |
5098.9Value: 5098.8988433
|