Interest rate spread in Barbados
Barbados: Interest rate spread 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 140 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 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% |
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
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 8.89 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1608 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 4,325 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 5.94 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 4,489 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 5.94 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 4,489 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 5.94 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 4,489 SDR per person (2024)
- Total reserves in months of imports, annual growth rate -25.37 % change on previous year (2017)
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 140 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.
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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.