At a glance – Key findings:
-Compared to the other GEM countries, there are many weaknesses in the Entrepreneurial Framework Conditions in Barbados that will impede full development of its entrepreneurial potential.
-Societal attitudes towards entrepreneurship compare favourably to the average for Latin American and Caribbean (LAC) countries, but fewer Barbadians consider entrepreneurship as a good career choice. They have a relatively high level of confidence in their abilities to start and run a business, but many fewer than average for LAC countries see good opportunities for starting a business in the next six months. The intent to start a business rate is very low.
-Barbados has a relatively high level of early-stage entrepreneurial activity, but a low ratio of nascent entrepreneurs to new business owners. The gender gap is low and young adults are participating in early-stage entrepreneurial activity at a relatively high level.
-The vast majority of early-stage ventures are low