Barbados: Innovation index

The latest value from 2024 is 26.1 points, a decline from 42.5 points in 2015. In comparison, the world average is 31.57 points, based on data from 132 countries. Historically, the average for Barbados from 2013 to 2024 is 37.48 points. The minimum value, 26.1 points, was reached in 2024 while the maximum of 42.5 points was recorded in 2015. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.