Claims on private sector (annual growth as % of broad money) in Barbados
Barbados: Claims on private sector (annual growth as % of broad money) was 1.6% in 2023. ◆ Volatile
Claims on private sector in Barbados, 1967–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
The most recent figure for claims on private sector in Barbados is 1.6%, measured in 2023.
That represents a change of down 20.2% on the previous year and up 257.5% over ten years.
Over the whole period, claims on private sector in Barbados peaked at 34.4% in 1969 and was at its lowest, -1.0%, in 1992.
Barbados ranks 132nd of 167 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on private sector (annual growth as % of broad money) in Barbados, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1967 | 6.1% | — |
| 1968 | 10.4% | +70.3% |
| 1969 | 34.4% | +229.8% |
| 1970 | 21.9% | -36.2% |
| 1971 | 13.2% | -39.7% |
| 1972 | 13.7% | +3.7% |
| 1973 | 15.4% | +12.8% |
| 1974 | 1.4% | -90.7% |
| 1975 | 9.1% | +531.1% |
| 1976 | 11.0% | +21.6% |
| 1977 | 7.6% | -31.3% |
| 1978 | 10.4% | +38.1% |
| 1979 | 18.3% | +75.6% |
| 1980 | 14.5% | -20.9% |
| 1981 | 16.9% | +16.5% |
| 1982 | 5.6% | -66.8% |
| 1983 | 9.2% | +64.2% |
| 1984 | 2.1% | -77.0% |
| 1985 | 3.1% | +44.5% |
| 1986 | 5.8% | +89.1% |
| 1987 | 10.3% | +78.1% |
| 1988 | 7.4% | -28.1% |
| 1989 | 11.0% | +48.3% |
| 1990 | 1.2% | -88.9% |
| 1991 | 3.1% | +152.8% |
| 1992 | -1.0% | -133.0% |
| 1993 | 1.1% | -210.4% |
| 1994 | 6.9% | +509.4% |
| 1995 | 8.7% | +27.1% |
| 1996 | 3.3% | -61.8% |
| 1997 | 8.1% | +144.4% |
| 1998 | 11.1% | +36.6% |
| 1999 | 7.4% | -33.2% |
| 2000 | 2.9% | -60.4% |
| 2001 | 17.2% | +486.1% |
| 2002 | 2.5% | -85.2% |
| 2003 | 4.0% | +58.9% |
| 2004 | 9.7% | +140.5% |
| 2005 | 12.8% | +31.6% |
| 2006 | 7.8% | -39.2% |
| 2007 | 5.1% | -34.8% |
| 2008 | 5.3% | +4.6% |
| 2009 | 1.5% | -72.6% |
| 2013 | -1.0% | -168.8% |
| 2014 | -0.9% | -4.8% |
| 2015 | 1.2% | -228.6% |
| 2016 | 1.1% | -10.3% |
| 2017 | 2.3% | +109.0% |
| 2018 | 0.3% | -88.7% |
| 2019 | 0.7% | +152.0% |
| 2020 | -0.8% | -227.1% |
| 2021 | -0.5% | -44.8% |
| 2022 | 2.0% | -529.2% |
| 2023 | 1.6% | -20.2% |
Barbados compared with similar countries
- Barbados's 1.6% is below the median for high income countries, which is 3.6%, 44% of the median. (41 countries reporting)
- Barbados's 1.6% is below the median for Latin America & Caribbean, which is 4.8%, 33% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.0% | 6.1% | 34.4% | 3 |
| 1970s | 12.2% | 1.4% | 21.9% | 10 |
| 1980s | 8.6% | 2.1% | 16.9% | 10 |
| 1990s | 5.0% | -1.0% | 11.1% | 10 |
| 2000s | 6.9% | 1.5% | 17.2% | 10 |
| 2010s | 0.5% | -1.0% | 2.3% | 7 |
| 2020s | 0.6% | -0.8% | 2.0% | 4 |
Countries ranked near Barbados
More financial sector data for Barbados
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0022 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 61.36 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 44.81 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0022 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 61.36 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is claims on private sector in Barbados?
- Claims on private sector in Barbados was 1.6% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on private sector recorded in Barbados?
- The highest recorded value was 34.4% in 1969.
- What is the lowest claims on private sector recorded in Barbados?
- The lowest recorded value was -1.0% in 1992.
- How does Barbados rank for claims on private sector?
- Barbados ranks 132nd out of 167 countries with data for 2023.
- Is claims on private sector rising or falling in Barbados?
- Over the last ten years it is up 257.5%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on private sector (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.