Barbados—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #91 of 116Updated May 2026
Latest Value
10 years
2023
YoY Change
-80.4%
2010 → 2023
Global Rank
#91
of 116 countries
Maximum
49 years
2010
Minimum
10 years
2023
CAGR
-11.8%
2 years
Last
10 years
Previous
49 years
Highest
49 years
Lowest
10 years
Source
World Bank World Development Indicators
Barbados's average firm age (years) was 10 years in 2023, ranking #91 out of 116 countries. This represents a -80.4% change from 2010. Over the past 2 years, the highest recorded value was 49 years (2010) and the lowest was 10 years (2023). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 10 years | -80.4% |
| 2010 | 49 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.