Barbados: Innovation index

* indicates monthly or quarterly data series
 Barbados

Innovations index (0-100)

 Latest value 42.50
 Year 2015
 Measure points
 Data availability 2013 - 2015
 Average 41.27
 Min - Max 40.50 - 42.50
 Source Cornell University, INSEAD, and the WIPO
For that indicator, we provide data for Barbados from 2013 to 2015. The average value for Barbados during that period was 41.27 points with a minimum of 40.5 points in 2013 and a maximum of 42.5 points in 2015. The latest value from 2015 is 42.5 points. For comparison, the world average in 2015 based on 141 countries is 37.01 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Barbados - Innovation index - Recent values chart




The Global Innovation Index capture elements of the national economy that enable innovative activities: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. Two output pillars capture actual evidence of innovation outputs: (6) Knowledge and technology outputs and (7) Creative outputs.
Definition: The Global Innovation Index includes two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index. The first sub-index is based on five pillars: Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication. The second sub-index is based on two pillars: Knowledge and technology outputs and Creative outputs. Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators. The full report, data, and documentation are available at global innovation index.


 Related indicators Latest value Reference Measure
 Innovation index 42.50 2015 points
 Information technology exports 0.53 2021 percent
 High tech exports 18.83 2022 million U.S. dollars
 High tech exports, percent of manufactured exports 17.01 2022 percent
 Patent applications by residents 73 2021 patent applications
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