Comparative advantage in environmental goods in Barbados

Barbados: Comparative advantage in environmental goods was 0.3786 index in 2019. ▼ Falling

Latest (2019)
0.3786 index
Change on year
down 0.5%
World rank
69th
of 163 countries
All-time high
1.06 index
in 2004
All-time low
0.2809 index
in 2016
Years of data
22
1998–2019

Comparative advantage in environmental goods in Barbados, 1998–2019

0.20.40.60.811998200820191998: 0.697 index1999: 0.677 index2000: 0.748 index2001: 0.709 index2002: 1 index2003: 0.825 index2004: 1.1 index2005: 0.628 index2006: 0.468 index2007: 0.747 index2008: 0.471 index2009: 0.582 index2010: 0.677 index2011: 0.313 index2012: 0.289 index2013: 0.367 index2014: 0.311 index2015: 0.347 index2016: 0.281 index2017: 0.328 index2018: 0.381 index2019: 0.379 index

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 66 Belarus 0.3972 index compare
  2. 67 Syria 0.3909 index compare
  3. 68 Moldova 0.389 index compare
  4. 70 Dominican Republic 0.3688 index compare
  5. 71 Costa Rica 0.3497 index compare
  6. 72 Eswatini 0.3462 index compare

See the full ranking of 163 places →

More reference data data for Barbados

All data for Barbados →

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

Indicator
Comparative advantage in environmental goods (index)
Unit
index
Source
IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
163 places, 3,076 data points, 1998–2019
Last refreshed

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.