Financial Institutions Index in Barbados
Barbados: Financial Institutions Index was 0.5622 in 2020. ▲ Rising
Financial Institutions Index in Barbados, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions index in Barbados is 0.5622, measured in 2020.
The figure is up 1.8% on the previous year and down 5.9% over ten years.
Over the whole period, financial institutions index in Barbados peaked at 0.6839 in 2014 and was at its lowest, 0.3316, in 1980.
That places Barbados 48th 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 Index in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.3316 | — |
| 1981 | 0.3587 | +8.2% |
| 1982 | 0.3531 | -1.6% |
| 1983 | 0.3527 | -0.1% |
| 1984 | 0.3346 | -5.1% |
| 1985 | 0.3399 | +1.6% |
| 1986 | 0.342 | +0.6% |
| 1987 | 0.342 | -0.0% |
| 1988 | 0.3486 | +1.9% |
| 1989 | 0.3581 | +2.7% |
| 1990 | 0.3606 | +0.7% |
| 1991 | 0.3724 | +3.3% |
| 1992 | 0.3667 | -1.5% |
| 1993 | 0.3724 | +1.6% |
| 1994 | 0.378 | +1.5% |
| 1995 | 0.4207 | +11.3% |
| 1996 | 0.4005 | -4.8% |
| 1997 | 0.4088 | +2.1% |
| 1998 | 0.4056 | -0.8% |
| 1999 | 0.4147 | +2.2% |
| 2000 | 0.4232 | +2.1% |
| 2001 | 0.4839 | +14.3% |
| 2002 | 0.5278 | +9.1% |
| 2003 | 0.5518 | +4.5% |
| 2004 | 0.5062 | -8.3% |
| 2005 | 0.5247 | +3.7% |
| 2006 | 0.6136 | +16.9% |
| 2007 | 0.5361 | -12.6% |
| 2008 | 0.5301 | -1.1% |
| 2009 | 0.5594 | +5.5% |
| 2010 | 0.5977 | +6.8% |
| 2011 | 0.5978 | +0.0% |
| 2012 | 0.5868 | -1.9% |
| 2013 | 0.6631 | +13.0% |
| 2014 | 0.6839 | +3.1% |
| 2015 | 0.6077 | -11.1% |
| 2016 | 0.5883 | -3.2% |
| 2017 | 0.5976 | +1.6% |
| 2018 | 0.5603 | -6.2% |
| 2019 | 0.5525 | -1.4% |
| 2020 | 0.5622 | +1.8% |
Barbados compared with similar countries
- Barbados's 0.5622 is below the median for high income countries, which is 0.601, 94% of the median. (62 countries reporting)
- Barbados's 0.5622 is above the median for Latin America & Caribbean, which is 0.4608, 1.2× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3461 | 0.3316 | 0.3587 | 10 |
| 1990s | 0.39 | 0.3606 | 0.4207 | 10 |
| 2000s | 0.5257 | 0.4232 | 0.6136 | 10 |
| 2010s | 0.6036 | 0.5525 | 0.6839 | 10 |
| 2020s | 0.5622 | 0.5622 | 0.5622 | 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 index in Barbados?
- Financial institutions index in Barbados was 0.5622 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Barbados?
- The highest recorded value was 0.6839 in 2014.
- What is the lowest financial institutions index recorded in Barbados?
- The lowest recorded value was 0.3316 in 1980.
- How does Barbados rank for financial institutions index?
- Barbados ranks 48th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Barbados?
- Over the last ten years it is down 5.9%. 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 Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 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.