Financial Development Index in Barbados
Barbados: Financial Development Index was 0.3976 in 2020. β² Rising
Financial Development Index in Barbados, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Barbados is 0.3976, measured in 2020.
Compared with earlier readings it is up 1.9% on the previous year and down 1.7% over ten years.
Over the whole period, financial development index in Barbados peaked at 0.4787 in 2013 and was at its lowest, 0.2408, in 1984.
That places Barbados 54th out of 183 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2575 | 0.2408 | 0.2834 | 10 |
| 1990s | 0.2819 | 0.2507 | 0.3152 | 10 |
| 2000s | 0.3696 | 0.3185 | 0.4151 | 10 |
| 2010s | 0.4331 | 0.3901 | 0.4787 | 10 |
| 2020s | 0.3976 | 0.3976 | 0.3976 | 1 |
Countries ranked near Barbados
More financial sector data for Barbados
- Net domestic credit (current LCU), per capita 42,954 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.68 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 1.79 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 1.22 billion SDR (2024)
- Reserves excluding gold 1.27 billion SDR (2024)
- Total reserves (gold at market value) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 4,489 SDR per person (2024)
Frequently asked questions
- What is financial development index in Barbados?
- Financial development index in Barbados was 0.3976 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Barbados?
- The highest recorded value was 0.4787 in 2013.
- What is the lowest financial development index recorded in Barbados?
- The lowest recorded value was 0.2408 in 1984.
- How does Barbados rank for financial development index?
- Barbados ranks 54th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Barbados?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.