LPI2
Modified BSD3
Country profile
Barbados
BRB · Latin America & Caribbean · High income
58.5MERI readiness
15Global rank
7.5BGDP (2024)
282.5KPopulation (2024)
Key macro indicators
GDP time series
MERI breakdown
- Percentile 86.9
- Coverage 83%
- Imputed 1
- Missing 2
| Pillar | Score |
|---|---|
| Biz Entry | 78.2 |
| Contract Enf | 61.6 |
| Corruption | 68 |
| Fin Access | 10.9 |
| Human Cap | 79.3 |
| IP Protect | 73.8 |
| Labor | 67.4 |
| LPI | 49.7 |
| Security Rol | 73.8 |
| Trade Open | 57.4 |
| Data Confidence Score | 73 |
| Market Infrastructure | 39.3 |
| Regulatory Institutional | 70.7 |
| Talent Operating | 72.1 |
Governance signals
Control of Corruption
1.2
Corruption Perceptions Index
68
Government Effectiveness
0.6
Political Stability
1.3
Regulatory Quality
0.4
Rule of Law
0.7
Voice and Accountability
1
| Indicator | Category | Year | Value | Source | License |
|---|---|---|---|---|---|
| Domestic credit to private sector | finance | 2023 | 59.7 | WDI | CC BY 4.0 |
| General government net lending/borrowing | fiscal | 2028 | 0.1 | IMF_WEO | IMF Terms of Use |
| Control of Corruption | governance | 2024 | 1.2 | WGI | CC BY 4.0 |
| Corruption Perceptions Index | governance | 2025 | 68 | TI_CPI | Transparency International Terms |
| Government Effectiveness | governance | 2024 | 0.6 | WGI | CC BY 4.0 |
| Political Stability | governance | 2024 | 1.3 | WGI | CC BY 4.0 |
| Regulatory Quality | governance | 2024 | 0.4 | WGI | CC BY 4.0 |
| Rule of Law | governance | 2024 | 0.7 | WGI | CC BY 4.0 |
| Voice and Accountability | governance | 2024 | 1 | WGI | CC BY 4.0 |
| Access to electricity (%) | infra | 2023 | 100 | WDI | CC BY 4.0 |
| Fixed broadband subscriptions | infra | 2022 | 37.5 | WDI | CC BY 4.0 |
| Liner shipping connectivity index | infra | 2021 | 7 | WDI | CC BY 4.0 |
| Mobile cellular subscriptions | infra | 2022 | 114.6 | WDI | CC BY 4.0 |
| Aviation connectivity - number of partner countries | logistics | 2024 | 32 | LPI2 | Modified BSD3 |
| Aviation import dwell time, IQR | logistics | 2024 | 5.9 | LPI2 | Modified BSD3 |
| Aviation import dwell time, mean | logistics | 2024 | 4.8 | LPI2 | Modified BSD3 |
| Aviation import dwell time, median | logistics | 2024 | 2.8 | LPI2 | Modified BSD3 |
| B2B postal delivery time, IQR | logistics | 2024 | 13.8 | LPI2 | Modified BSD3 |
| B2B postal delivery time, mean | logistics | 2024 | 16 | LPI2 | Modified BSD3 |
| B2B postal delivery time, median | logistics | 2024 | 3.6 | LPI2 | Modified BSD3 |
| B2C postal delivery time, IQR | logistics | 2024 | 6.1 | LPI2 | Modified BSD3 |
| B2C postal delivery time, mean | logistics | 2024 | 11.4 | LPI2 | Modified BSD3 |
| B2C postal delivery time, median | logistics | 2024 | 3 | LPI2 | Modified BSD3 |
| Container export dwell time, IQR | logistics | 2024 | 3.1 | LPI2 | Modified BSD3 |
| Container export dwell time, mean | logistics | 2024 | 4 | LPI2 | Modified BSD3 |
| Container export dwell time, median | logistics | 2024 | 3 | LPI2 | Modified BSD3 |
| Container import dwell time, IQR | logistics | 2024 | 5.3 | LPI2 | Modified BSD3 |
| Container import dwell time, mean | logistics | 2024 | 8.2 | LPI2 | Modified BSD3 |
| Container import dwell time, median | logistics | 2024 | 6.1 | LPI2 | Modified BSD3 |
| Export supply chain initiation, mean | logistics | 2024 | 6.6 | LPI2 | Modified BSD3 |
| Export supply chain initiation, median | logistics | 2024 | 4.8 | LPI2 | Modified BSD3 |
| Import supply chain termination, mean | logistics | 2024 | 5.9 | LPI2 | Modified BSD3 |
| Import supply chain termination, median | logistics | 2024 | 4 | LPI2 | Modified BSD3 |
| Lead time to import, mean | logistics | 2024 | 28.9 | LPI2 | Modified BSD3 |
| Lead time to import, median | logistics | 2024 | 22.5 | LPI2 | Modified BSD3 |
| Maritime connectivity - number of partner countries | logistics | 2024 | 25 | LPI2 | Modified BSD3 |
| Number of alliances, mean | logistics | 2024 | 0 | LPI2 | Modified BSD3 |
| Number of services, mean | logistics | 2024 | 11.2 | LPI2 | Modified BSD3 |
| Number of transshipments, mean | logistics | 2024 | 1.1 | LPI2 | Modified BSD3 |
| Postal connectivity B2B - number of partner countries | logistics | 2024 | 37 | LPI2 | Modified BSD3 |
| Postal connectivity B2C - number of partner countries | logistics | 2024 | 44.5 | LPI2 | Modified BSD3 |
| Time spent in transshipment, mean | logistics | 2024 | 7.8 | LPI2 | Modified BSD3 |
| Turnaround time at ports, IQR | logistics | 2024 | 0.3 | LPI2 | Modified BSD3 |
| Turnaround time at ports, mean | logistics | 2024 | 0.6 | LPI2 | Modified BSD3 |
| Turnaround time at ports, median | logistics | 2024 | 0.5 | LPI2 | Modified BSD3 |
| Turnaround time at ports, TEU weighted mean | logistics | 2024 | 0.6 | LPI2 | Modified BSD3 |
| Turnaround time at ports, TEU weighted median | logistics | 2024 | 0.5 | LPI2 | Modified BSD3 |
| Central government debt (% of GDP) | macro | 2016 | 125.1 | WDI | CC BY 4.0 |
| Current account balance | macro | 2028 | -6 | IMF_WEO | IMF Terms of Use |
| Current account balance (% of GDP) | macro | 2017 | -5.2 | WDI | CC BY 4.0 |
| GDP (current USD) | macro | 2024 | 7,498,050,000 | WDI | CC BY 4.0 |
| GDP growth (annual %) | macro | 2024 | 2.5 | WDI | CC BY 4.0 |
| GDP per capita (current USD) | macro | 2024 | 26,544.9 | WDI | CC BY 4.0 |
| Inflation, consumer prices (annual %) | macro | 2024 | 1.4 | WDI | CC BY 4.0 |
| Inflation rate | macro | 2028 | 2.2 | IMF_WEO | IMF Terms of Use |
| Official exchange rate | macro | 2024 | 2 | WDI | CC BY 4.0 |
| Real GDP growth | macro | 2028 | 2 | IMF_WEO | IMF Terms of Use |
| Total reserves (months of imports) | macro | 2017 | 1.3 | WDI | CC BY 4.0 |
| Unemployment (% of labor force) | macro | 2025 | 6.5 | WDI | CC BY 4.0 |
| Demographic and Urbanization Momentum | meri_opportunity | 2024 | 47.7 | WDI | CC BY 4.0 |
| GDP Growth Trajectory | meri_opportunity | 2028 | 5 | IMF_WEO | IMF Terms of Use |
| Import Demand | meri_opportunity | 2024 | 49.6 | WDI | CC BY 4.0 |
| ATMs per 100,000 adults | meri_readiness | 2024 | 37.2 | IMF_FAS | IMF Terms of Use |
| Basic Digital Infrastructure | meri_readiness | 2022 | 48.1 | WDI | CC BY 4.0 |
| B-READY Business Entry score | meri_readiness | 2025 | 67.4 | B_READY | World Bank Terms |
| B-READY Dispute Resolution score | meri_readiness | 2025 | 50.1 | B_READY | World Bank Terms |
| B-READY International Trade score | meri_readiness | 2025 | 60 | B_READY | World Bank Terms |
| B-READY Labor score | meri_readiness | 2025 | 65.9 | B_READY | World Bank Terms |
| Commercial bank branches per 100,000 adults | meri_readiness | 2024 | 13.3 | IMF_FAS | IMF Terms of Use |
| Contract Enforcement Reliability | meri_readiness | 2025 | 50.1 | B_READY | World Bank Terms |
| Corruption Risk | meri_readiness | 2025 | 68 | TI_CPI | Transparency International Terms |
| Financial System Accessibility | meri_readiness | 2024 | 10.9 | IMF_FAS | IMF Terms of Use |
| General Business Entry Friction | meri_readiness | 2025 | 67.4 | B_READY | World Bank Terms |
| HDI Education sub-index | meri_readiness | 2023 | 0.8 | UNDP_HDI | UNDP Terms |
| Hiring and Workforce Availability | meri_readiness | 2025 | 65.4 | WDI | CC BY 4.0 |
| Human Capital Quality | meri_readiness | 2025 | 79.3 | UNDP_HDI | UNDP Terms |
| Intellectual Property Protection | meri_readiness | 2024 | 73.8 | WGI | CC BY 4.0 |
| Logistics Performance | meri_readiness | 2025 | 49.7 | LPI2 | Modified BSD3 |
| Personal Security and Rule of Law | meri_readiness | 2024 | 73.8 | WGI | CC BY 4.0 |
| Trade Openness | meri_readiness | 2025 | 60 | B_READY | World Bank Terms |
| Inflation Stability | meri_risk | 2028 | 98.4 | IMF_WEO | IMF Terms of Use |
| Sovereign credit rating score | meri_risk | 2026 | 33.3 | SOVEREIGN_RATINGS | Manual Source Terms |
| Sovereign Credit Risk | meri_risk | 2026 | 33.3 | SOVEREIGN_RATINGS | Manual Source Terms |
| Age dependency ratio | social | 2024 | 51 | WDI | CC BY 4.0 |
| Labor force participation rate | social | 2025 | 64.7 | WDI | CC BY 4.0 |
| Life expectancy at birth | social | 2024 | 76.3 | WDI | CC BY 4.0 |
| Population growth (annual %) | social | 2024 | 0 | WDI | CC BY 4.0 |
| Population, total | social | 2024 | 282,467 | WDI | CC BY 4.0 |
| Urban population (% of total) | social | 2024 | 59.5 | WDI | CC BY 4.0 |
| FDI net inflows (% of GDP) | trade | 2024 | 4 | WDI | CC BY 4.0 |
| High-technology exports (% of manufactured) | trade | 2024 | 19.9 | WDI | CC BY 4.0 |
| Merchandise exports (current USD) | trade | 2024 | 461,000,000 | WDI | CC BY 4.0 |
| Merchandise imports (current USD) | trade | 2024 | 2,154,000,000 | WDI | CC BY 4.0 |
| Tariff rate, applied, simple mean | trade | 2022 | 11.9 | WDI | CC BY 4.0 |