Lending interest rate in Barbados
Barbados: Lending interest rate was 8.1% in 2022. ▼ Falling
Lending interest rate in Barbados, 1981–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2022, lending interest rate in Barbados stood at 8.1%. That is the lowest value across all 42 years on record.
Compared with earlier readings it is down 7.5% over ten years.
Over the whole period, lending interest rate in Barbados peaked at 13.5% in 1992 and was at its lowest, 8.1%, in 2016.
Barbados ranks 82nd of 149 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Lending interest rate in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1981 | 11.5% | — |
| 1982 | 13.4% | +16.7% |
| 1983 | 11.8% | -11.8% |
| 1984 | 11.5% | -2.5% |
| 1985 | 10.6% | -8.2% |
| 1986 | 9.1% | -14.2% |
| 1987 | 8.8% | -3.4% |
| 1988 | 9.4% | +7.9% |
| 1989 | 9.9% | +5.1% |
| 1990 | 11.4% | +15.1% |
| 1991 | 12.4% | +8.8% |
| 1992 | 13.5% | +9.1% |
| 1993 | 8.9% | -34.2% |
| 1994 | 9.1% | +1.9% |
| 1995 | 10.0% | +10.1% |
| 1996 | 10.0% | +0.0% |
| 1997 | 9.8% | -1.7% |
| 1998 | 9.8% | -0.8% |
| 1999 | 9.4% | -3.6% |
| 2000 | 10.2% | +8.4% |
| 2001 | 9.6% | -5.9% |
| 2002 | 8.5% | -11.3% |
| 2003 | 8.5% | +0.0% |
| 2004 | 8.3% | -2.0% |
| 2005 | 9.2% | +10.0% |
| 2006 | 10.3% | +12.3% |
| 2007 | 10.8% | +4.5% |
| 2008 | 10.0% | -6.7% |
| 2009 | 9.2% | -8.3% |
| 2010 | 8.7% | -5.5% |
| 2011 | 8.7% | +0.0% |
| 2012 | 8.7% | +0.0% |
| 2013 | 8.7% | +0.0% |
| 2014 | 8.4% | -3.6% |
| 2015 | 8.1% | -3.9% |
| 2016 | 8.1% | -0.1% |
| 2017 | 8.1% | +0.0% |
| 2018 | 8.1% | +0.0% |
| 2019 | 8.1% | +0.0% |
| 2020 | 8.1% | +0.0% |
| 2021 | 8.1% | +0.0% |
| 2022 | 8.1% | +0.0% |
Barbados compared with similar countries
- Barbados's 8.1% is above the median for high income countries, which is 5.2%, 1.6× the median. (42 countries reporting)
- Barbados's 8.1% is below the median for Latin America & Caribbean, which is 8.8%, 92% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 10.7% | 8.8% | 13.4% | 9 |
| 1990s | 10.4% | 8.9% | 13.5% | 10 |
| 2000s | 9.5% | 8.3% | 10.8% | 10 |
| 2010s | 8.3% | 8.1% | 8.7% | 10 |
| 2020s | 8.1% | 8.1% | 8.1% | 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 lending interest rate in Barbados?
- Lending interest rate in Barbados was 8.1% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Barbados?
- The highest recorded value was 13.5% in 1992.
- What is the lowest lending interest rate recorded in Barbados?
- The lowest recorded value was 8.1% in 2016.
- How does Barbados rank for lending interest rate?
- Barbados ranks 82nd out of 149 countries with data for 2022.
- Is lending interest rate rising or falling in Barbados?
- Over the last ten years it is down 7.5%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.