Bank deposits to GDP in Barbados
Barbados: Bank deposits to GDP was 111.1% in 2019. ▲ Rising
Bank deposits to GDP in Barbados, 1966–2019
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank deposits to gdp in Barbados is 111.1%, measured in 2019.
The figure is down 0.5% on the previous year and down 4.0% over ten years.
Over the whole period, bank deposits to gdp in Barbados peaked at 115.8% in 2009 and was at its lowest, 30.5%, in 1975.
That places Barbados 22nd out of 185 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Bank deposits to GDP in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1966 | 40.9% | — |
| 1967 | 45.7% | +11.5% |
| 1968 | 54.4% | +19.2% |
| 1969 | 52.4% | -3.6% |
| 1970 | 52.0% | -0.8% |
| 1971 | 52.5% | +0.9% |
| 1972 | 54.1% | +3.1% |
| 1973 | 45.0% | -16.9% |
| 1974 | 38.3% | -14.8% |
| 1975 | 30.5% | -20.4% |
| 1976 | 30.6% | +0.3% |
| 1977 | 31.7% | +3.7% |
| 1978 | 35.6% | +12.1% |
| 1979 | 37.3% | +5.0% |
| 1980 | 32.7% | -12.5% |
| 1981 | 34.3% | +4.9% |
| 1982 | 35.8% | +4.3% |
| 1983 | 36.9% | +3.1% |
| 1984 | 36.7% | -0.4% |
| 1985 | 38.6% | +5.0% |
| 1986 | 38.0% | -1.4% |
| 1987 | 40.9% | +7.6% |
| 1988 | 43.2% | +5.5% |
| 1989 | 40.1% | -7.1% |
| 1990 | 45.9% | +14.5% |
| 1991 | 45.4% | -1.0% |
| 1992 | 50.0% | +10.2% |
| 1993 | 49.1% | -1.9% |
| 1994 | 50.7% | +3.4% |
| 1995 | 51.5% | +1.5% |
| 1996 | 57.0% | +10.7% |
| 1997 | 57.3% | +0.5% |
| 1998 | 55.2% | -3.7% |
| 1999 | 56.2% | +1.7% |
| 2000 | 60.1% | +7.0% |
| 2001 | 82.4% | +37.2% |
| 2002 | 93.6% | +13.5% |
| 2003 | 95.1% | +1.6% |
| 2004 | 98.5% | +3.6% |
| 2005 | 104.0% | +5.6% |
| 2006 | 97.4% | -6.3% |
| 2007 | 111.9% | +14.9% |
| 2008 | 111.7% | -0.2% |
| 2009 | 115.8% | +3.6% |
| 2012 | 99.0% | -14.5% |
| 2013 | 104.0% | +5.1% |
| 2014 | 105.1% | +1.1% |
| 2015 | 108.9% | +3.6% |
| 2016 | 108.7% | -0.2% |
| 2017 | 110.0% | +1.1% |
| 2018 | 111.7% | +1.6% |
| 2019 | 111.1% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 48.4% | 40.9% | 54.4% | 4 |
| 1970s | 40.8% | 30.5% | 54.1% | 10 |
| 1980s | 37.7% | 32.7% | 43.2% | 10 |
| 1990s | 51.8% | 45.4% | 57.3% | 10 |
| 2000s | 97.0% | 60.1% | 115.8% | 10 |
| 2010s | 107.3% | 99.0% | 111.7% | 8 |
Countries ranked near Barbados
More financial sector data for Barbados
- Net domestic credit (current LCU), per capita 42,954 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.68 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 1.79 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 1.22 billion SDR (2024)
- Reserves excluding gold 1.27 billion SDR (2024)
- Total reserves (gold at market value) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 4,489 SDR per person (2024)
Frequently asked questions
- What is bank deposits to gdp in Barbados?
- Bank deposits to gdp in Barbados was 111.1% in 2019, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Barbados?
- The highest recorded value was 115.8% in 2009.
- What is the lowest bank deposits to gdp recorded in Barbados?
- The lowest recorded value was 30.5% in 1975.
- How does Barbados rank for bank deposits to gdp?
- Barbados ranks 22nd out of 185 countries with data for 2019.
- Is bank deposits to gdp rising or falling in Barbados?
- Over the last ten years it is down 4.0%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).