The table provides the following rankings for Barbados:
- GDP ranking: 153 (indicating a low economic development)
- HDI ranking: 38 (indicating a relatively high standard of living)
Based on these rankings, we can conclude that Barbados is not economically developed (high GDP ranking at 153), but it does have a relatively high standard of living (low HDI ranking at 38).
Therefore, the correct interpretation is:
It is not economically developed but has a relatively high standard of living.