Domestic credit to private sector by banks in Barbados
Barbados: Domestic credit to private sector by banks was 59.6% in 2023. ▲ Rising
Domestic credit to private sector by banks in Barbados, 1966–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, domestic credit to private sector by banks in Barbados stood at 59.6%.
That represents a change of down 2.2% on the previous year and down 13.2% over ten years.
Over the whole period, domestic credit to private sector by banks in Barbados peaked at 82.6% in 2009 and was at its lowest, 29.1%, in 1980.
Barbados ranks 53rd of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Domestic credit to private sector by banks in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 34.4% | — |
| 1967 | 33.1% | -3.7% |
| 1968 | 33.2% | +0.2% |
| 1969 | 46.8% | +41.1% |
| 1970 | 49.9% | +6.6% |
| 1971 | 51.3% | +2.8% |
| 1972 | 53.0% | +3.4% |
| 1973 | 49.9% | -5.9% |
| 1974 | 40.3% | -19.1% |
| 1975 | 35.1% | -13.0% |
| 1976 | 37.0% | +5.4% |
| 1977 | 35.5% | -4.1% |
| 1978 | 35.7% | +0.7% |
| 1979 | 36.7% | +2.8% |
| 1980 | 29.1% | -20.7% |
| 1981 | 32.3% | +10.8% |
| 1982 | 33.0% | +2.3% |
| 1983 | 34.6% | +4.9% |
| 1984 | 32.6% | -5.8% |
| 1985 | 32.4% | -0.6% |
| 1986 | 31.8% | -1.7% |
| 1987 | 33.0% | +3.6% |
| 1988 | 34.2% | +3.8% |
| 1989 | 35.8% | +4.4% |
| 1990 | 36.2% | +1.2% |
| 1991 | 37.6% | +3.9% |
| 1992 | 38.5% | +2.4% |
| 1993 | 36.9% | -4.2% |
| 1994 | 39.0% | +5.5% |
| 1995 | 42.5% | +9.1% |
| 1996 | 41.6% | -2.1% |
| 1997 | 44.2% | +6.2% |
| 1998 | 45.4% | +2.7% |
| 1999 | 47.6% | +4.8% |
| 2000 | 47.9% | +0.7% |
| 2001 | 58.4% | +21.9% |
| 2002 | 59.7% | +2.2% |
| 2003 | 61.8% | +3.5% |
| 2004 | 66.9% | +8.2% |
| 2005 | 72.4% | +8.3% |
| 2006 | 73.4% | +1.4% |
| 2007 | 71.1% | -3.2% |
| 2008 | 75.4% | +6.0% |
| 2009 | 82.6% | +9.6% |
| 2012 | 71.7% | -13.2% |
| 2013 | 68.7% | -4.2% |
| 2014 | 67.5% | -1.7% |
| 2015 | 68.5% | +1.4% |
| 2016 | 69.8% | +1.9% |
| 2017 | 69.9% | +0.3% |
| 2018 | 68.4% | -2.2% |
| 2019 | 67.2% | -1.8% |
| 2020 | 75.8% | +12.8% |
| 2021 | 68.4% | -9.8% |
| 2022 | 60.9% | -10.8% |
| 2023 | 59.6% | -2.2% |
Barbados compared with similar countries
- Barbados's 59.6% is below the median for high income countries, which is 64.3%, 93% of the median. (61 countries reporting)
- Barbados's 59.6% is above the median for Latin America & Caribbean, which is 42.9%, 1.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1969 | +41.1% | 33.2% | 46.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 36.9% | 33.1% | 46.8% | 4 |
| 1970s | 42.4% | 35.1% | 53.0% | 10 |
| 1980s | 32.9% | 29.1% | 35.8% | 10 |
| 1990s | 41.0% | 36.2% | 47.6% | 10 |
| 2000s | 67.0% | 47.9% | 82.6% | 10 |
| 2010s | 69.0% | 67.2% | 71.7% | 8 |
| 2020s | 66.2% | 59.6% | 75.8% | 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 domestic credit to private sector by banks in Barbados?
- Domestic credit to private sector by banks in Barbados was 59.6% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Barbados?
- The highest recorded value was 82.6% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in Barbados?
- The lowest recorded value was 29.1% in 1980.
- How does Barbados rank for domestic credit to private sector by banks?
- Barbados ranks 53rd out of 187 countries with data for 2023.
- Is domestic credit to private sector by banks rising or falling in Barbados?
- Over the last ten years it is down 13.2%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.