Deposit interest rate (%) in Barbados
Barbados: Deposit interest rate (%) was 0.1% in 2022. ◆ Volatile
Deposit interest rate in Barbados, 1980–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Barbados is 0.1%, measured in 2022. That is the lowest value across all 43 years on record.
Compared with earlier readings it is down 4.4% on the previous year and down 94.4% over ten years.
Over the whole period, deposit interest rate in Barbados peaked at 8.8% in 1982 and was at its lowest, 0.1%, in 2022.
Barbados ranks 148th of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 5.6% | — |
| 1981 | 7.4% | +32.0% |
| 1982 | 8.8% | +19.5% |
| 1983 | 6.7% | -23.9% |
| 1984 | 6.1% | -9.8% |
| 1985 | 5.5% | -9.5% |
| 1986 | 4.3% | -22.0% |
| 1987 | 3.6% | -15.8% |
| 1988 | 4.3% | +18.0% |
| 1989 | 4.8% | +12.3% |
| 1990 | 6.3% | +31.4% |
| 1991 | 6.5% | +4.0% |
| 1992 | 6.7% | +2.3% |
| 1993 | 4.4% | -34.3% |
| 1994 | 4.3% | -1.7% |
| 1995 | 5.1% | +18.3% |
| 1996 | 5.2% | +1.8% |
| 1997 | 4.6% | -12.0% |
| 1998 | 4.2% | -8.1% |
| 1999 | 4.4% | +4.7% |
| 2000 | 5.0% | +13.0% |
| 2001 | 4.0% | -18.8% |
| 2002 | 2.7% | -33.1% |
| 2003 | 2.6% | -5.2% |
| 2004 | 2.5% | -1.1% |
| 2005 | 3.2% | +25.4% |
| 2006 | 4.6% | +44.6% |
| 2007 | 5.1% | +11.7% |
| 2008 | 4.5% | -13.1% |
| 2009 | 2.9% | -35.7% |
| 2010 | 2.7% | -7.0% |
| 2011 | 2.7% | +0.4% |
| 2012 | 2.6% | -4.3% |
| 2013 | 2.5% | -2.0% |
| 2014 | 2.5% | -0.1% |
| 2015 | 1.3% | -47.3% |
| 2016 | 0.3% | -73.7% |
| 2017 | 0.2% | -43.9% |
| 2018 | 0.2% | -22.9% |
| 2019 | 0.1% | -0.2% |
| 2020 | 0.1% | +0.0% |
| 2021 | 0.1% | +0.0% |
| 2022 | 0.1% | -4.4% |
Barbados compared with similar countries
- Barbados's 0.1% is below the median for high income countries, which is 1.6%, 9% of the median. (39 countries reporting)
- Barbados's 0.1% is below the median for Latin America & Caribbean, which is 3.4%, 4% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.7% | 3.6% | 8.8% | 10 |
| 1990s | 5.2% | 4.2% | 6.7% | 10 |
| 2000s | 3.7% | 2.5% | 5.1% | 10 |
| 2010s | 1.5% | 0.1% | 2.7% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 3 |
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 deposit interest rate in Barbados?
- Deposit interest rate in Barbados was 0.1% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Barbados?
- The highest recorded value was 8.8% in 1982.
- What is the lowest deposit interest rate recorded in Barbados?
- The lowest recorded value was 0.1% in 2022.
- How does Barbados rank for deposit interest rate?
- Barbados ranks 148th out of 153 countries with data for 2022.
- Is deposit interest rate rising or falling in Barbados?
- Over the last ten years it is down 94.4%. 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 Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.