Barbados: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 77.70
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 80.91
 Min - Max 72.10 - 89.00
 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 80.91 points with a minimum of 72.1 points in 2013 and a maximum of 89 points in 1996. The latest value from 2024 is 77.7 points. For comparison, the world average in 2024 based on 174 countries is 67.58 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 - Monetary freedom - Recent values chart

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

The Monetary Freedom index for Barbados from The Heritage Foundation reflects the stability of prices in Barbados and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

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 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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