Author(s): WORRELL, DELISLE; LOWE, SHANE; (2014)

Created 03 Feb, 2014
Categories Working Papers
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This study investigates the competitiveness of the Barbadian economy relative to its regional counterparts. The analysis incorporates the relative rankings of the Global Competitiveness Report 2013-2014, relative market shares and productivity gains, as well as a novel price competitiveness index by Worrell, Greenidge and Lowe (2013). The results suggest that Barbados is competitive both regionally and globally, ranking ahead of its peers in key areas such as the strength of its institutions and the quality of its health care and primary and higher education. In addition, despite some declines in tourism post-crisis, the island has maintained market share in most of its key foreign exchange earning sectors, while seeing improved price competitiveness of its internationally traded goods and services over the past decade.

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