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 a high income small economy and heavily dependent on tourism. The country benefits from a politically stable environment but the government faces a high level of public debt and potential for a run on its currency due to low foreign exchange reserves. Barbados’ business environmental is also negatively impacted by weak contract enforcement and protection of minority investors. Over time, the measures implemented by the government to reduce debt and a rebound from the COVID-19 pandemic may improve the business climate.


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Date modified: 2018-05-14