Barbados: Business freedom

* indicates monthly or quarterly data series
 Barbados

Business freedom index (0-100)

 Latest value 73
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 78
 Min - Max 65 - 90
 Source The Heritage Foundation
For that indicator, we provide data for Barbados from 1996 to 2024. The average value for Barbados during that period was 78 points with a minimum of 65 points in 2022 and a maximum of 90 points in 2006. The latest value from 2024 is 73 points. For comparison, the world average in 2024 based on 175 countries is 62 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 - Business freedom - Recent values chart

Historical chart
Barbados - Business freedom - historical chart - 1996-2024




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).


 Related indicators Latest value Reference Measure
 Property rights 72 2024 points
 Freedom from corruption 68 2024 points
 Fiscal freedom 56 2024 points
 Business freedom 73 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 77.70 2024 points
 Trade freedom 44 2024 points
 Investment freedom 60 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 67 2024 index points
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