Barbados Ranks 2nd For Competitiveness Among LAC Countries In GFCI 29

Barbados has placed 2nd for competitiveness among the Latin American and Caribbean (LAC) countries, in the recently released 29th edition of the Global Financial Centres Index (GFCI) 29.

Since its appearance on the index just three years ago, Barbados has gained over 40 places to reach its current position. Out of 114 countries, which also include regions such as Asia/Pacific, Eastern Europe and Central Asia, the Middle East and Africa, North America and West Europe, Barbados ranked 64th overall, falling only behind the British Virgin Islands relative to countries in the LAC. The top five spots in the GFCI 29 went to New York, London, Shanghai, Hong, Kong and Singapore, which placed 1st to 5th respectively.