Financial Institutions Efficiency Index in Barbados
Barbados: Financial Institutions Efficiency Index was 0.5594 in 2020. β² Rising
Financial Institutions Efficiency Index in Barbados, 1980β2020
Source: International Monetary Fund.
Analysis
Barbados recorded 0.5594 for financial institutions efficiency index in 2020.
Compared with earlier readings it is up 12.5% on the previous year and down 8.1% over ten years.
Over the whole period, financial institutions efficiency index in Barbados peaked at 0.8236 in 2003 and was at its lowest, 0.3829, in 1994.
That places Barbados 109th 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 | 0.4945 | 0.4673 | 0.5381 | 10 |
| 1990s | 0.4837 | 0.3829 | 0.571 | 10 |
| 2000s | 0.6425 | 0.4823 | 0.8236 | 10 |
| 2010s | 0.6139 | 0.4974 | 0.6969 | 10 |
| 2020s | 0.5594 | 0.5594 | 0.5594 | 1 |
Countries ranked near Barbados
- 106 Mauritania, Islamic Republic of 0.5684 compare
- 107 Morocco 0.5628 compare
- 108 Fiji, Republic of 0.5619 compare
- 110 Luxembourg 0.5592 compare
- 111 Slovenia, Republic of 0.5582 compare
- 112 India 0.5565 compare
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)
- Domestic credit to private sector by banks 59.6% (2023)
Frequently asked questions
- What is financial institutions efficiency index in Barbados?
- Financial institutions efficiency index in Barbados was 0.5594 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Barbados?
- The highest recorded value was 0.8236 in 2003.
- What is the lowest financial institutions efficiency index recorded in Barbados?
- The lowest recorded value was 0.3829 in 1994.
- How does Barbados rank for financial institutions efficiency index?
- Barbados ranks 109th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Barbados?
- Over the last ten years it is down 8.1%. 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 Institutions Efficiency 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.