Comparative advantage in environmental goods in Barbados
Barbados: Comparative advantage in environmental goods was 0.3786 index in 2019. ▼ Falling
Comparative advantage in environmental goods in Barbados, 1998–2019
Source: IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations. Measured in index.
Analysis
The most recent figure for comparative advantage in environmental goods in Barbados is 0.3786 index, measured in 2019.
That represents a change of down 0.5% on the previous year and down 35.0% over ten years.
Over the whole period, comparative advantage in environmental goods in Barbados peaked at 1.06 index in 2004 and was at its lowest, 0.2809 index, in 2016.
That places Barbados 69th out of 163 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Comparative advantage in environmental goods in Barbados, year by year
| Year | index | Change |
|---|---|---|
| 1998 | 0.6965 index | — |
| 1999 | 0.6768 index | -2.8% |
| 2000 | 0.7479 index | +10.5% |
| 2001 | 0.7089 index | -5.2% |
| 2002 | 1.01 index | +43.0% |
| 2003 | 0.8246 index | -18.6% |
| 2004 | 1.06 index | +29.1% |
| 2005 | 0.6284 index | -41.0% |
| 2006 | 0.4681 index | -25.5% |
| 2007 | 0.7472 index | +59.6% |
| 2008 | 0.4711 index | -37.0% |
| 2009 | 0.5824 index | +23.6% |
| 2010 | 0.6773 index | +16.3% |
| 2011 | 0.3129 index | -53.8% |
| 2012 | 0.289 index | -7.7% |
| 2013 | 0.3673 index | +27.1% |
| 2014 | 0.311 index | -15.3% |
| 2015 | 0.3465 index | +11.4% |
| 2016 | 0.2809 index | -18.9% |
| 2017 | 0.3278 index | +16.7% |
| 2018 | 0.3806 index | +16.1% |
| 2019 | 0.3786 index | -0.5% |
Barbados compared with similar countries
- Barbados's 0.3786 index is below the median for high income countries, which is 0.6392 index, 59% of the median. (62 countries reporting)
- Barbados's 0.3786 index is above the median for Latin America & Caribbean, which is 0.2095 index, 1.8× the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6866 index | 0.6768 index | 0.6965 index | 2 |
| 2000s | 0.7257 index | 0.4681 index | 1.06 index | 10 |
| 2010s | 0.3672 index | 0.2809 index | 0.6773 index | 10 |
Countries ranked near Barbados
More reference data data for Barbados
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0268 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0217 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0558 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0558 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.09 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0377 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.118 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.2758 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0001 (2050)
Frequently asked questions
- What is comparative advantage in environmental goods in Barbados?
- Comparative advantage in environmental goods in Barbados was 0.3786 index in 2019, according to IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations.
- What is the highest comparative advantage in environmental goods recorded in Barbados?
- The highest recorded value was 1.06 index in 2004.
- What is the lowest comparative advantage in environmental goods recorded in Barbados?
- The lowest recorded value was 0.2809 index in 2016.
- How does Barbados rank for comparative advantage in environmental goods?
- Barbados ranks 69th out of 163 countries with data for 2019.
- Is comparative advantage in environmental goods rising or falling in Barbados?
- Over the last ten years it is down 35.0%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as part of Comparative advantage in environmental goods (index). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” Comparative advantage is a measure of the relative advantage or disadvantage a particular country has in a certain class of goods (in this case, environmental goods), and can be used to evaluate export potential in that class of goods. Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.