Barbados: Business freedom

The latest value from 2026 is 72 points, a decline from 73 points in 2025. In comparison, the world average is 62 points, based on data from 182 countries. Historically, the average for Barbados from 1996 to 2026 is 77 points. The minimum value, 65 points, was reached in 2022 while the maximum of 90 points was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Business Freedom index for Barbados from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Barbados in the regulatory process.

Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).