The country’s long-standing tradition of parliamentary democracy and the prudent management of the economy provide a stable foundation for business. Also, the country’s freedom from corruption rates highly – Transparency International’s Corruption Perception Index 2020 ranks Barbados as 3rd in Latin America and the Caribbean, and 29th among 180 countries.
These positive features have also contributed to Barbados’ ranking in the Index of Economic Freedom 2020 as the 13th freest economy in Latin America and the Caribbean and 17th in the Americas.
Barbados is one of the most stable countries in the Caribbean. The government is committed to maintaining the country’s attractiveness as a centre for international business, and continues to work with Invest Barbados and other stakeholders to ensure that the country remains a safe and welcoming place for foreign direct investment in the competitive global environment.