Barbados is the 52nd richest country in the world in terms of GDP (Gross Domestic Product) per capita, has a well-developed mixed economy, and a moderately high standard of living. According to the World Bank, Barbados is one of 83 high income economies in the world. Despite this, a 2012 self-study in conjunction with the Caribbean Development Bank revealed 20% of Barbadians live in poverty, and nearly 10% cannot meet their basic daily food needs.