Evaluating the market in Barbados

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Barbados

Barbados is currently facing a precarious economic and financial period. The newly elected government is facing insolvency given the high level of public debt. Foreign exchange reserves are at critically low levels, representing just over one month of import cover. This challenges the country’s currency and raises the financial risk of a run on the currency. The government will need to enact fiscal consolidation measures and implement structural reforms to support future economic growth. The commercial environment is expected to be negatively affected by a potential domestic debt restructuring scenario, with IMF assistance to the banking system likely necessary.

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