Barbados: Trade freedom

* indicates monthly or quarterly data series
 Barbados

Trade freedom index (0-100)

 Latest value 44
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 58
 Min - Max 44 - 67
 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 58 points with a minimum of 44 points in 2024 and a maximum of 67 points in 2002. The latest value from 2024 is 44 points. For comparison, the world average in 2024 based on 176 countries is 70 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 - Trade freedom - Recent values chart

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




The Trade Freedom index for Barbados measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government 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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