Export Diversification, Theil index in Barbados
Barbados: Export Diversification, Theil index was 3.19 in 2014. ▼ Falling
Export Diversification, Theil index in Barbados, 1962–2014
Source: International Monetary Fund.
Analysis
In 2014, export diversification, theil index in Barbados stood at 3.19.
That represents a change of up 7.2% on the previous year and up 28.3% over ten years.
Over the whole period, export diversification, theil index in Barbados peaked at 5.85 in 1963 and was at its lowest, 1.94, in 2008.
That places Barbados 103rd out of 189 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Export Diversification, Theil index in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 5.49 | — |
| 1963 | 5.85 | +6.7% |
| 1964 | 5.46 | -6.7% |
| 1965 | 4.92 | -9.9% |
| 1966 | 5.19 | +5.3% |
| 1967 | 4.1 | -21.0% |
| 1968 | 3.68 | -10.2% |
| 1969 | 3.27 | -11.1% |
| 1970 | 3.19 | -2.5% |
| 1971 | 3.05 | -4.4% |
| 1972 | 3.53 | +15.7% |
| 1973 | 2.96 | -16.1% |
| 1974 | 2.73 | -7.8% |
| 1975 | 3.02 | +10.3% |
| 1976 | 2.62 | -13.3% |
| 1977 | 2.55 | -2.7% |
| 1978 | 2.6 | +2.2% |
| 1979 | 2.5 | -4.0% |
| 1980 | 2.53 | +1.5% |
| 1981 | 2.59 | +2.3% |
| 1982 | 2.66 | +2.6% |
| 1983 | 3.09 | +16.0% |
| 1984 | 3.34 | +8.4% |
| 1985 | 3.32 | -0.8% |
| 1986 | 2.94 | -11.3% |
| 1987 | 2.62 | -11.0% |
| 1988 | 2.46 | -6.1% |
| 1989 | 2.38 | -3.3% |
| 1990 | 2.54 | +7.0% |
| 1991 | 2.61 | +2.7% |
| 1992 | 2.45 | -6.0% |
| 1993 | 2.41 | -1.7% |
| 1994 | 2.41 | -0.2% |
| 1995 | 2.31 | -4.1% |
| 1996 | 2.48 | +7.5% |
| 1997 | 2.4 | -3.3% |
| 1998 | 2.19 | -8.9% |
| 1999 | 2.36 | +7.9% |
| 2000 | 2.7 | +14.4% |
| 2001 | 2.33 | -13.7% |
| 2002 | 2.64 | +13.4% |
| 2003 | 2.46 | -6.8% |
| 2004 | 2.49 | +1.1% |
| 2005 | 2.4 | -3.6% |
| 2006 | 2.19 | -8.6% |
| 2007 | 2.12 | -3.3% |
| 2008 | 1.94 | -8.3% |
| 2009 | 2.51 | +29.1% |
| 2010 | 2.53 | +0.8% |
| 2011 | 2.42 | -4.2% |
| 2012 | 2.36 | -2.7% |
| 2013 | 2.98 | +26.2% |
| 2014 | 3.19 | +7.2% |
Barbados compared with similar countries
- Barbados's 3.19 is above the median for high income countries, which is 2.57, 1.2× the median. (62 countries reporting)
- Barbados's 3.19 is below the median for Latin America & Caribbean, which is 3.76, 85% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.75 | 3.27 | 5.85 | 8 |
| 1970s | 2.87 | 2.5 | 3.53 | 10 |
| 1980s | 2.79 | 2.38 | 3.34 | 10 |
| 1990s | 2.42 | 2.19 | 2.61 | 10 |
| 2000s | 2.38 | 1.94 | 2.7 | 10 |
| 2010s | 2.7 | 2.36 | 3.19 | 5 |
Countries ranked near Barbados
More trade data for Barbados
- Commodity Net Export Price Index, Individual Commodities Weighted by 116.96 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.56 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.46 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 72.61 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.93 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 76.72 (2025)
- Imports of low carbon technology products, Percent of GDP 1.86 (2024)
- Imports of low carbon technology products, US dollar (World), per 472.31 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0176 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 9.20 million (2024)
Frequently asked questions
- What is export diversification, theil index in Barbados?
- Export diversification, theil index in Barbados was 3.19 in 2014, according to International Monetary Fund.
- What is the highest export diversification, theil index recorded in Barbados?
- The highest recorded value was 5.85 in 1963.
- What is the lowest export diversification, theil index recorded in Barbados?
- The lowest recorded value was 1.94 in 2008.
- How does Barbados rank for export diversification, theil index?
- Barbados ranks 103rd out of 189 countries with data for 2014.
- Is export diversification, theil index rising or falling in Barbados?
- Over the last ten years it is up 28.3%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund, published as part of Export Diversification, Theil index. Statizoid updates them automatically from the source API.
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About this data
Covers 200 countries with data from 1962 to 2014. It has three main indicators: the Export Diversification Index, which can be disaggregated into sub-indices covering the Extensive Margin and the Intensive Margin. As these are Theil indices, higher values for all three correspond to lower export diversification.