Interest rate spread (lending rate minus deposit rate, %) in Barbados
Barbados: Interest rate spread (lending rate minus deposit rate, %) was 7.9% in 2022. ▲ Rising
Interest rate spread in Barbados, 1981–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Barbados is 7.9%, measured in 2022. That is the highest value across all 42 years on record.
The figure is up 0.1% on the previous year and up 28.8% over ten years.
Over the whole period, interest rate spread in Barbados peaked at 7.9% in 2022 and was at its lowest, 4.1%, in 1981.
Barbados ranks 31st of 141 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Barbados, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1981 | 4.1% | — |
| 1982 | 4.5% | +11.7% |
| 1983 | 5.1% | +11.6% |
| 1984 | 5.4% | +7.2% |
| 1985 | 5.1% | -6.7% |
| 1986 | 4.8% | -5.8% |
| 1987 | 5.1% | +7.6% |
| 1988 | 5.2% | +0.7% |
| 1989 | 5.1% | -0.9% |
| 1990 | 5.1% | +0.0% |
| 1991 | 5.9% | +14.6% |
| 1992 | 6.9% | +16.6% |
| 1993 | 4.5% | -34.0% |
| 1994 | 4.8% | +5.3% |
| 1995 | 4.9% | +2.6% |
| 1996 | 4.8% | -1.9% |
| 1997 | 5.3% | +9.5% |
| 1998 | 5.5% | +5.5% |
| 1999 | 5.0% | -9.9% |
| 2000 | 5.2% | +4.4% |
| 2001 | 5.5% | +6.3% |
| 2002 | 5.8% | +4.5% |
| 2003 | 5.9% | +2.4% |
| 2004 | 5.8% | -2.3% |
| 2005 | 6.0% | +3.2% |
| 2006 | 5.7% | -4.9% |
| 2007 | 5.6% | -1.2% |
| 2008 | 5.6% | -0.9% |
| 2009 | 6.3% | +13.7% |
| 2010 | 6.0% | -4.8% |
| 2011 | 6.0% | -0.2% |
| 2012 | 6.1% | +1.9% |
| 2013 | 6.2% | +0.8% |
| 2014 | 5.9% | -5.1% |
| 2015 | 6.7% | +14.7% |
| 2016 | 7.7% | +14.4% |
| 2017 | 7.9% | +2.0% |
| 2018 | 7.9% | +0.6% |
| 2019 | 7.9% | +0.0% |
| 2020 | 7.9% | +0.0% |
| 2021 | 7.9% | +0.0% |
| 2022 | 7.9% | +0.1% |
Barbados compared with similar countries
- Barbados's 7.9% is above the median for high income countries, which is 3.1%, 2.6× the median. (38 countries reporting)
- Barbados's 7.9% is above the median for Latin America & Caribbean, which is 6.1%, 1.3× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | -34.0% | 6.9% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.9% | 4.1% | 5.4% | 9 |
| 1990s | 5.3% | 4.5% | 6.9% | 10 |
| 2000s | 5.8% | 5.2% | 6.3% | 10 |
| 2010s | 6.8% | 5.9% | 7.9% | 10 |
| 2020s | 7.9% | 7.9% | 7.9% | 3 |
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 interest rate spread in Barbados?
- Interest rate spread in Barbados was 7.9% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Barbados?
- The highest recorded value was 7.9% in 2022.
- What is the lowest interest rate spread recorded in Barbados?
- The lowest recorded value was 4.1% in 1981.
- How does Barbados rank for interest rate spread?
- Barbados ranks 31st out of 141 countries with data for 2022.
- Is interest rate spread rising or falling in Barbados?
- Over the last ten years it is up 28.8%. 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 Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.