The State of Small Business in Barbados

TABLES Table 1 MSME Classification Criteria (Amended National MSME Development Policy, 2025)

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Table 1.1 Private Sector Total Employers and Employment by Sector

Private Sector Total Employers and Employment for the MSME Sector (including Large Enterprises)

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Table 1.2

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Table 1.3 Private Sector Total Employers and Employment for the MSME Sector

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Table 2.1 Impact of COVID-19 by Firm Size

Table 2.2 Sectoral Impact of COVID-19 on Businesses Table 2.3 Gender Distribution and Firm Ownership Table 2.4 Gender, Ownership and Business Size

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Table 2.5 Distribution of MSMEs by Size and Ownership Type, 2016 vs 2025 (%)

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Table 2.6 Gender, Ownership and Industry

Table 2.7 Gender, Ownership and Broad Sector or Industry

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Table 2.8 Distribution of MSMEs by Broad Sector and Ownership Type, 2016 vs 2025 (%)

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Table 2.9 Age Group of MSME Owner by Sex (%) – 2025 vs 2016

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Table 2.10 Educational Attainment of MSME Owner by Sex (%) – 2025 vs 2016

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Table 3.1 Annual Sales Revenue

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Table 3.2 Estimated Revenue using 2016 MSME report’s estimation approach

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Table 3.3 Annual Business Expenditure Table 3.4 Net Profit/Loss Position

Table 3.5 Operating Costs as a Percentage of Revenue

Table 3.6 Export Participation

Table 3.7 Share of Revenue from Exports (Exporters Only) Table 3.8 Estimated Revenue from Exporting (Exporters Only)

Table 3.9 Primary Export Destinations

Table 4.1 Key Barriers to Climate Resilience (Qualitative Themes)

Table 4.2 Types of Support Requested by MSMEs (Qualitative Summary)

Table 5.1 Internal Digital Tools Used by MSMEs

Table 5.2 Barriers to Digital Adoption

Table 5.3 Key Technology Needs and Concerns (Qualitative Summary)

Table 6.1 Summary of Focus Group Findings

Table 6.2 Translation of MSME Challenges into Opportunities and Strategic Actions