Domestic credit to private sector in Barbados
Barbados: Domestic credit to private sector was 59.7% in 2023. ▲ Rising
Domestic credit to private sector 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 in Barbados stood at 59.7%.
Compared with earlier readings it is down 2.2% on the previous year and down 13.3% over ten years.
Over the whole period, domestic credit to private sector in Barbados peaked at 82.8% in 2009 and was at its lowest, 29.1%, in 1980.
That places Barbados 57th out of 187 countries with data for 2023, putting it 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 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 | 59.2% | +23.7% |
| 2002 | 60.5% | +2.0% |
| 2003 | 62.4% | +3.2% |
| 2004 | 67.3% | +7.8% |
| 2005 | 72.8% | +8.2% |
| 2006 | 73.7% | +1.3% |
| 2007 | 71.3% | -3.3% |
| 2008 | 75.5% | +6.0% |
| 2009 | 82.8% | +9.6% |
| 2012 | 71.9% | -13.1% |
| 2013 | 68.9% | -4.2% |
| 2014 | 67.7% | -1.6% |
| 2015 | 68.7% | +1.3% |
| 2016 | 69.9% | +1.9% |
| 2017 | 70.1% | +0.3% |
| 2018 | 68.6% | -2.2% |
| 2019 | 67.3% | -1.8% |
| 2020 | 75.9% | +12.8% |
| 2021 | 68.5% | -9.8% |
| 2022 | 61.1% | -10.9% |
| 2023 | 59.7% | -2.2% |
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 | 67.3% | 47.9% | 82.8% | 10 |
| 2010s | 69.1% | 67.3% | 71.9% | 8 |
| 2020s | 66.3% | 59.7% | 75.9% | 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 in Barbados?
- Domestic credit to private sector in Barbados was 59.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Barbados?
- The highest recorded value was 82.8% in 2009.
- What is the lowest domestic credit to private sector recorded in Barbados?
- The lowest recorded value was 29.1% in 1980.
- How does Barbados rank for domestic credit to private sector?
- Barbados ranks 57th out of 187 countries with data for 2023.
- Is domestic credit to private sector rising or falling in Barbados?
- Over the last ten years it is down 13.3%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.