Broad money in Barbados
Barbados: Broad money was 97.5% in 2023. ▲ Rising
Broad money in Barbados, 1966–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Barbados is 97.5%, measured in 2023.
The figure is down 3.8% on the previous year and up 12.4% over ten years.
Over the whole period, broad money in Barbados peaked at 122.5% in 2009 and was at its lowest, 37.8%, in 1980.
That places Barbados 28th out of 166 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Broad money in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 46.3% | — |
| 1967 | 49.3% | +6.3% |
| 1968 | 56.6% | +14.9% |
| 1969 | 54.1% | -4.5% |
| 1970 | 53.1% | -1.8% |
| 1971 | 56.6% | +6.6% |
| 1972 | 58.5% | +3.3% |
| 1973 | 48.2% | -17.7% |
| 1974 | 46.2% | -4.1% |
| 1975 | 42.6% | -7.8% |
| 1976 | 44.7% | +5.0% |
| 1977 | 43.2% | -3.3% |
| 1978 | 47.9% | +10.8% |
| 1979 | 50.0% | +4.4% |
| 1980 | 37.8% | -24.4% |
| 1981 | 39.4% | +4.1% |
| 1982 | 41.0% | +4.1% |
| 1983 | 42.9% | +4.7% |
| 1984 | 42.3% | -1.4% |
| 1985 | 44.1% | +4.3% |
| 1986 | 43.3% | -1.8% |
| 1987 | 46.4% | +7.2% |
| 1988 | 48.5% | +4.5% |
| 1989 | 45.0% | -7.2% |
| 1990 | 51.0% | +13.2% |
| 1991 | 50.4% | -1.1% |
| 1992 | 55.1% | +9.4% |
| 1993 | 53.8% | -2.3% |
| 1994 | 55.5% | +3.2% |
| 1995 | 56.4% | +1.7% |
| 1996 | 62.4% | +10.6% |
| 1997 | 62.7% | +0.4% |
| 1998 | 60.0% | -4.3% |
| 1999 | 61.4% | +2.2% |
| 2000 | 65.3% | +6.3% |
| 2001 | 87.7% | +34.4% |
| 2002 | 99.5% | +13.4% |
| 2003 | 100.8% | +1.3% |
| 2004 | 104.9% | +4.1% |
| 2005 | 110.6% | +5.4% |
| 2006 | 105.5% | -4.6% |
| 2007 | 115.1% | +9.1% |
| 2008 | 113.6% | -1.3% |
| 2009 | 122.5% | +7.9% |
| 2012 | 86.3% | -29.6% |
| 2013 | 86.8% | +0.6% |
| 2014 | 89.1% | +2.7% |
| 2015 | 94.3% | +5.8% |
| 2016 | 98.6% | +4.5% |
| 2017 | 96.9% | -1.7% |
| 2018 | 94.3% | -2.7% |
| 2019 | 94.5% | +0.2% |
| 2020 | 115.7% | +22.4% |
| 2021 | 111.4% | -3.7% |
| 2022 | 101.3% | -9.0% |
| 2023 | 97.5% | -3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 51.6% | 46.3% | 56.6% | 4 |
| 1970s | 49.1% | 42.6% | 58.5% | 10 |
| 1980s | 43.1% | 37.8% | 48.5% | 10 |
| 1990s | 56.9% | 50.4% | 62.7% | 10 |
| 2000s | 102.6% | 65.3% | 122.5% | 10 |
| 2010s | 92.6% | 86.3% | 98.6% | 8 |
| 2020s | 106.5% | 97.5% | 115.7% | 4 |
Countries ranked near Barbados
- 25 Saint Kitts and Nevis 103.7% compare
- 26 United States 99.7% compare
- 27 New Zealand 99.6% compare
- 29 Qatar 94.7% compare
- 30 Cape Verde 94.2% compare
- 31 Grenada 92.0% compare
More financial sector data for Barbados
- Total reserves in months of imports, annual growth rate -25.37 % change on previous year (2017)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2017)
- Total reserves in months of imports, per capita 0 units per person (2017)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 8.89 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1608 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 4,325 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 5.94 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 4,489 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 5.94 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 4,489 SDR per person (2024)
Frequently asked questions
- What is broad money in Barbados?
- Broad money in Barbados was 97.5% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Barbados?
- The highest recorded value was 122.5% in 2009.
- What is the lowest broad money recorded in Barbados?
- The lowest recorded value was 37.8% in 1980.
- How does Barbados rank for broad money?
- Barbados ranks 28th out of 166 countries with data for 2023.
- Is broad money rising or falling in Barbados?
- Over the last ten years it is up 12.4%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.