Macro Index Overview / Latin America & Caribbean / BRB
Barbados ยท Year 2023
Country:
Year:
Sovereign Economic Dossier ISO: BRB BB

Barbados

Barbados sovereign panel observation with harmonized output, inflation, and external resilience records from 1960 through 2025.

Latin America & Caribbean High income Blocs: Other Bridgetown

Global Rank (2023)

#44 / 205

Top 21% of global economies

Composite Score (2023)

69.5 / 100

Living Standard (2023)

$21,701

Subscore: 73.27 / 100

CPI Inflation (2023)

3.19%

Stability Score: 99.06 / 100

4-Pillar Structural Health Diagnostic (2023)

Harmonized subscores evaluating Output, Productivity, Inflation Stability, and External Buffer

Benchmark Weights: 35 / 25 / 25 / 15
Living Standards (35%) 73.27

Raw: $21,701 (2015 USD)

Price Stability (25%) 99.06

Raw: 3.19% (Anchor: 3.0%)

External Solvency (25%) 50

Raw: โ€”

Economic Scale (15%) 44.14

Raw: $7.2B Current USD

Optimal Component Weights & Peak Rank Frontier (2023)

Monetary Discipline & Price Anchor Focused

What we are doing here: We simulate an automated mathematical simplex across all 286 valid permutations of weights for the 4 pillars (summing to 100%) against every competing sovereign country in 2023. This discovers which weighting system maximizes Barbados's global competitive ranking by accentuating its comparative strengths.

Peak Rank #6 / 205
Default Rank #44
+38 Ranks
Living Standards 5%
Baseline: 35%
Price Stability 95%
Baseline: 25%
External Solvency 0%
Baseline: 25%
Economic Scale 0%
Baseline: 15%

Policy Insight & Strategic Advantage: Barbados benefits most from its anchored inflation regime near the 3.0% target band while competitors face price volatility.

Under this bespoke weighting, Barbados's composite score climbs to 97.8 (compared to 69.5 under standard multilateral weighting).

Longitudinal Trajectory & Peer Comparison Sandbox (1960โ€“2025)

Tracking Barbados's multi-decade trajectory overlaid with peer benchmark economies in Year 2023

Active Comparisons:
Barbados (BRB)
India (IND)
China (CHN)
United States (USA)
Germany (DEU)
Observation Year 2023 โ€ข Global Rank: #44 / 205 โ€ข Composite Score: 69.5 / 100 โ€ข Living Standard: $21,701 โ€ข Inflation: 3.19%
#1#50#100#150#20019601970198019902000201020202025#44
Hover or click any node along the curve to inspect that historical year in real time
Primary: Barbados Peers (Dashed)

Cross-Sectional Benchmark Standing in Year 2023

5 economies compared ยท Ordered by Global Rank
CountryRank (2023)Composite ScoreGDP per CapitaCPI InflationCurrent Account (% GDP)Nominal GDP ($)
Germany (DEU) #1681.1$44,3695.95%5.50%$4562.2B
United States (USA) #1780.0$65,6674.12%-3.34%$27811.5B
China (CHN) #3772.3$12,4840.23%1.41%$18270.4B
Barbados (BRB) Active#4469.5$21,7013.19%โ€”$7.2B
India (IND) #9359.5$2,2305.65%-0.91%$3500.9B

Decade-by-Decade Historical Milestones (1970โ€“2023)

Visualizing seminal macroeconomic shifts, shocks, and structural transitions for Barbados

Metric:
Selected Era: 2023 ยท Click any node to select
100755025046.019701970s47.719801980s67.619901990s65.520002000s61.720102010s55.720202020s69.52023Recent