Barbados - Ease of doing business
New business density (new registrations per 1,000 people ages 15-64)
New business density (new registrations per 1,000 people ages 15-64) in Barbados was 4.88 as of 2020. Its highest value over the past 5 years was 5.78 in 2015, while its lowest value was 4.48 in 2018.
Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.
Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).
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| Year | Value |
|---|---|
| 2015 | 5.78 |
| 2016 | 5.51 |
| 2017 | 4.93 |
| 2018 | 4.48 |
| 2019 | 4.90 |
| 2020 | 4.88 |
Time to obtain an electrical connection (days)
Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2010 | 24.70 |
Power outages in firms in a typical month (number)
Definition: Power outages are the average number of power outages that establishments experience in a typical month.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2010 | 1.10 |
Firms experiencing electrical outages (% of firms)
Definition: Percent of firms experiencing electrical outages during the previous fiscal year.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
See also:
| Year | Value |
|---|---|
| 2010 | 55.60 |
Time required to get electricity (days)
The value for Time required to get electricity (days) in Barbados was 78.00 as of 2019. As the graph below shows, over the past 8 years this indicator reached a maximum value of 88.00 in 2018 and a minimum value of 78.00 in 2019.
Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 88.00 |
| 2012 | 88.00 |
| 2013 | 88.00 |
| 2014 | 88.00 |
| 2015 | 88.00 |
| 2016 | 88.00 |
| 2017 | 88.00 |
| 2018 | 88.00 |
| 2019 | 78.00 |
Firms visited or required meetings with tax officials (% of firms)
Definition: Percent of firms that were visited or required to meet with tax officials.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2010 | 32.30 |
Firms that spend on R&D (% of firms)
Definition: Percent of firms that spend on research and development.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2010 | 33.70 |
Firms experiencing losses due to theft and vandalism (% of firms)
Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2010 | 8.50 |
Firms expected to give gifts in meetings with tax officials (% of firms)
Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2010 | 1.60 |
Labor tax and contributions (% of commercial profits)
Labor tax and contributions (% of commercial profits) in Barbados was 12.70 as of 2019. Its highest value over the past 8 years was 12.70 in 2019, while its lowest value was 12.20 in 2013.
Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 12.70 |
| 2012 | 12.30 |
| 2013 | 12.20 |
| 2014 | 12.20 |
| 2015 | 12.20 |
| 2016 | 12.20 |
| 2017 | 12.20 |
| 2018 | 12.30 |
| 2019 | 12.70 |
Other taxes payable by businesses (% of commercial profits)
Other taxes payable by businesses (% of commercial profits) in Barbados was 3.10 as of 2019. Its highest value over the past 8 years was 3.10 in 2019, while its lowest value was 2.90 in 2013.
Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 3.00 |
| 2012 | 3.00 |
| 2013 | 2.90 |
| 2014 | 2.90 |
| 2015 | 3.00 |
| 2016 | 3.00 |
| 2017 | 3.10 |
| 2018 | 3.10 |
| 2019 | 3.10 |
Profit tax (% of commercial profits)
Profit tax (% of commercial profits) in Barbados was 19.80 as of 2019. Its highest value over the past 8 years was 20.00 in 2017, while its lowest value was 19.40 in 2011.
Definition: Profit tax is the amount of taxes on profits paid by the business.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2011 | 19.40 |
| 2012 | 19.50 |
| 2013 | 19.50 |
| 2014 | 19.50 |
| 2015 | 19.50 |
| 2016 | 19.50 |
| 2017 | 20.00 |
| 2018 | 19.90 |
| 2019 | 19.80 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
