PEST Analysis: Barbados

September 2021

Barbados enjoys political stability and is relatively free of corruption. Its planned break from the Commonwealth could destabilise this institution in the long term. Economic activity has been severely curtailed by the Coronavirus (COVID-19) pandemic, given large exposure to tourism, and will continue to be subdued in the medium term. The population is ageing and shrinking, but purchasing power is relatively strong. Internet and mobile use is rising, but innovation is somewhat lacking.

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Overview:

Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.

If you're in the Industry, Infrastructure and Environment industry in Barbados, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty

The Industry, Infrastructure and Environment in Barbados report includes:

  • Analysis of the country's political and macroeconomic stability 
  • An overview of the economic structure and major industries
  • Latest economic performance

This report answers:

  • What is the economic outlook?
  • How stable is the political environment?
  • What are the country's risks and vulnerabilities?
  • What are the best sectors for investment?
  • Where should we focus our expansion strategy?
  • Which countries are moving up the value added chain away from primary sectors?

PEST Analysis: Barbados

PEST ANALYSIS

Chart 1 Main PEST Points in Barbados

POLITICAL ENVIRONMENT

Chart 2 Political Environment Dynamics in Barbados Summary 1 Political Environment Analysis in Barbados

ECONOMIC ENVIRONMENT

Chart 3 Economic Environment Dynamics in Barbados Summary 2 Economic Environment Analysis in Barbados

SOCIAL ENVIRONMENT

Chart 4 Social Environment Dynamics in Barbados Summary 3 Social Environment Analysis in Barbados

TECHNOLOGICAL ENVIRONMENT

Chart 5 Technological Environment Dynamics in Barbados Summary 4 Technological Environment Analysis in Barbados
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Why buy this report?

  • Analyse growth opportunities and assess market potential
  • Develop market entry/exit strategies
  • Understand the likely path of economic growth
  • Examine risks and vulnerabilities of economies to support critical decision-making

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