Financial Institutions Efficiency Index in Barbados
Barbados: Financial Institutions Efficiency Index was 0.5594 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Barbados, 1980–2020
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.
Financial Institutions Efficiency Index in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.5162 | — |
| 1981 | 0.5381 | +4.2% |
| 1982 | 0.5118 | -4.9% |
| 1983 | 0.4855 | -5.1% |
| 1984 | 0.4673 | -3.7% |
| 1985 | 0.485 | +3.8% |
| 1986 | 0.4989 | +2.9% |
| 1987 | 0.4812 | -3.6% |
| 1988 | 0.4794 | -0.4% |
| 1989 | 0.4816 | +0.5% |
| 1990 | 0.4816 | +0.0% |
| 1991 | 0.4439 | -7.8% |
| 1992 | 0.3937 | -11.3% |
| 1993 | 0.3901 | -0.9% |
| 1994 | 0.3829 | -1.8% |
| 1995 | 0.5167 | +34.9% |
| 1996 | 0.5314 | +2.8% |
| 1997 | 0.5587 | +5.2% |
| 1998 | 0.5676 | +1.6% |
| 1999 | 0.571 | +0.6% |
| 2000 | 0.572 | +0.2% |
| 2001 | 0.6645 | +16.2% |
| 2002 | 0.7581 | +14.1% |
| 2003 | 0.8236 | +8.6% |
| 2004 | 0.6137 | -25.5% |
| 2005 | 0.6485 | +5.7% |
| 2006 | 0.6779 | +4.5% |
| 2007 | 0.4823 | -28.9% |
| 2008 | 0.5823 | +20.7% |
| 2009 | 0.6023 | +3.4% |
| 2010 | 0.609 | +1.1% |
| 2011 | 0.6312 | +3.6% |
| 2012 | 0.5497 | -12.9% |
| 2013 | 0.6969 | +26.8% |
| 2014 | 0.6539 | -6.2% |
| 2015 | 0.6243 | -4.5% |
| 2016 | 0.67 | +7.3% |
| 2017 | 0.674 | +0.6% |
| 2018 | 0.5329 | -20.9% |
| 2019 | 0.4974 | -6.7% |
| 2020 | 0.5594 | +12.5% |
Barbados compared with similar countries
- Barbados's 0.5594 is below the median for high income countries, which is 0.612, 91% of the median. (62 countries reporting)
- Barbados's 0.5594 is below the median for Latin America & Caribbean, which is 0.5723, 98% of the median. (33 countries reporting)
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
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 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.
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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.