Dimension 5.2: Standards and Methods in Barbados

Barbados: Dimension 5.2: Standards and Methods was 0.7 in 2023. ▲ Rising

Latest (2023)
0.7
Change on year
up 27.3%
World rank
77th
of 191 countries
All-time high
0.7
in 2023
All-time low
0.25
in 2016
Years of data
8
2016–2023

Dimension 5.2: Standards and Methods in Barbados, 2016–2023

00.20.40.62016201920232016: 0.252017: 0.252018: 0.252019: 0.32020: 0.352021: 0.52022: 0.552023: 0.7

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

The most recent figure for dimension 5.2: standards and methods in Barbados is 0.7, measured in 2023. That is the highest value across all 8 years on record.

The figure is up 27.3% on the previous year and up 180.0% over ten years.

Barbados ranks 77th of 191 countries on this measure, in the middle of the range.

Dimension 5.2: Standards and Methods in Barbados, year by year

Annual values for Dimension 5.2: Standards and Methods in Barbados, 2016 to 2023.
Year Value Change
2016 0.25 —
2017 0.25 +0.0%
2018 0.25 +0.0%
2019 0.3 +20.0%
2020 0.35 +16.7%
2021 0.5 +42.9%
2022 0.55 +10.0%
2023 0.7 +27.3%

Barbados compared with similar countries

  • Barbados's 0.7 is below the median for high income countries, which is 0.95, 74% of the median. (61 countries reporting)
  • Barbados's 0.7 is above the median for Latin America & Caribbean, which is 0.55, 1.3× the median. (32 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.2625 0.25 0.3 4
2020s 0.525 0.35 0.7 4

Countries ranked near Barbados

  1. 77 Argentina 0.7 compare
  2. 77 Bangladesh 0.7 compare
  3. 77 Brazil 0.7 compare
  4. 77 El Salvador 0.7 compare
  5. 77 Indonesia 0.7 compare
  6. 77 Jordan 0.7 compare
  7. 77 Kenya 0.7 compare
  8. 77 Rwanda 0.7 compare
  9. 77 Seychelles 0.7 compare

See the full ranking of 191 places →

More reference data data for Barbados

All data for Barbados →

Frequently asked questions

What is dimension 5.2: standards and methods in Barbados?
Dimension 5.2: standards and methods in Barbados was 0.7 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest dimension 5.2: standards and methods recorded in Barbados?
The highest recorded value was 0.7 in 2023.
What is the lowest dimension 5.2: standards and methods recorded in Barbados?
The lowest recorded value was 0.25 in 2016.
How does Barbados rank for dimension 5.2: standards and methods?
Barbados ranks 77th out of 191 countries with data for 2023.
Is dimension 5.2: standards and methods rising or falling in Barbados?
Over the last ten years it is up 180.0%. The long-run trend across the full record is rising.
Where does this Barbados data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Dimension 5.2: Standards and Methods. Statizoid updates them automatically from the source API.

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Dimension 5.2: Standards and Methods in Barbados. Statizoid, drawing on Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Retrieved 24 September 2026, from https://reference.statizoid.com/stat/dimension-5-2-standards-and-methods/barbados/

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About this data

Indicator
Dimension 5.2: Standards and Methods
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
191 places, 1,522 data points, 2016–2023
Last refreshed

Average score for Standards and Methods indicators. Internationally accepted and recommended methodology, classifications and standards provide the basis for national statistical offices (NSOs) on data integration, facilitating data exchange and providing the foundation for the preparation of relevant statistical indicators. The following methods and standards are considered: System of national accounts in use, National Accounts base year, Classification of national industry, CPI base year, Classification of household consumption, Classification of status of employment, Central government accounting status, Compilation of government finance statistics, Compilation of monetary and financial statistics, Business process. . Further work could improve the validity of this indicator and reduce the risk that countries may be incentivized to adopt only traditional standards and methods and neglect innovative solutions that may be more valid in the current context.