New businesses registered (number) in Barbados
Barbados: New businesses registered (number) was 1,517 number in 2024. ▲ Rising
New businesses registered in Barbados, 2015–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Barbados is 1,517 number, measured in 2024. That is the highest value across all 10 years on record.
The figure is up 4.7% on the previous year and up 37.3% over ten years.
Over the whole period, new businesses registered in Barbados peaked at 1,517 number in 2024 and was at its lowest, 859 number, in 2018.
That places Barbados 145th out of 177 countries with data for 2024, putting it in the bottom quarter.
New businesses registered (number) in Barbados, year by year
| Year | number | Change |
|---|---|---|
| 2015 | 1,105 number | — |
| 2016 | 1,056 number | -4.4% |
| 2017 | 945 number | -10.5% |
| 2018 | 859 number | -9.1% |
| 2019 | 939 number | +9.3% |
| 2020 | 934 number | -0.5% |
| 2021 | 995 number | +6.5% |
| 2022 | 1,028 number | +3.3% |
| 2023 | 1,449 number | +41.0% |
| 2024 | 1,517 number | +4.7% |
Barbados compared with similar countries
- Barbados's 1,517 number is below the median for high income countries, which is 19,050 number, 8% of the median. (63 countries reporting)
- Barbados's 1,517 number is below the median for Latin America & Caribbean, which is 5,128 number, 30% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 980.8 number | 859 number | 1,105 number | 5 |
| 2020s | 1,185 number | 934 number | 1,517 number | 5 |
Countries ranked near Barbados
More private sector data for Barbados
- Merchandise trade 33.1% (2025)
- Food imports 22.7% (2024)
- Manufactures imports 52.6% (2024)
- Merchandise imports 2.23 billion current US$ (2025)
- Food exports 43.5% (2024)
- Manufactures exports 39.9% (2024)
- Merchandise exports 428.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,514 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0534 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.16 % change on previous year (2025)
Frequently asked questions
- What is new businesses registered in Barbados?
- New businesses registered in Barbados was 1,517 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Barbados?
- The highest recorded value was 1,517 number in 2024.
- What is the lowest new businesses registered recorded in Barbados?
- The lowest recorded value was 859 number in 2018.
- How does Barbados rank for new businesses registered?
- Barbados ranks 145th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Barbados?
- Over the last ten years it is up 37.3%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). Statizoid updates them automatically from the source API.
Download this data
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About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.