Monetary Sector credit to private sector (% GDP) in Barbados
Barbados: Monetary Sector credit to private sector (% GDP) was 59.7% in 2023. ▲ Rising
Monetary Sector credit to private sector in Barbados, 1966–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2023, monetary sector credit to private sector in Barbados stood at 59.7%.
That represents a change of down 2.2% on the previous year and down 13.3% over ten years.
Over the whole period, monetary sector credit to private sector in Barbados peaked at 82.8% in 2009 and was at its lowest, 29.1%, in 1980.
That places Barbados 50th out of 187 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Monetary Sector credit to private sector (% GDP) in Barbados, year by year
| Year | % GDP | Change |
|---|---|---|
| 1966 | 34.4% | — |
| 1967 | 33.1% | -3.7% |
| 1968 | 33.2% | +0.2% |
| 1969 | 46.8% | +41.1% |
| 1970 | 49.9% | +6.6% |
| 1971 | 51.3% | +2.8% |
| 1972 | 53.0% | +3.4% |
| 1973 | 49.9% | -5.9% |
| 1974 | 40.3% | -19.1% |
| 1975 | 35.1% | -13.0% |
| 1976 | 37.0% | +5.4% |
| 1977 | 35.5% | -4.1% |
| 1978 | 35.7% | +0.7% |
| 1979 | 36.7% | +2.8% |
| 1980 | 29.1% | -20.7% |
| 1981 | 32.3% | +10.8% |
| 1982 | 33.0% | +2.3% |
| 1983 | 34.6% | +4.9% |
| 1984 | 32.6% | -5.8% |
| 1985 | 32.4% | -0.6% |
| 1986 | 31.8% | -1.7% |
| 1987 | 33.0% | +3.6% |
| 1988 | 34.2% | +3.8% |
| 1989 | 35.8% | +4.4% |
| 1990 | 36.2% | +1.2% |
| 1991 | 37.6% | +3.9% |
| 1992 | 38.5% | +2.4% |
| 1993 | 36.9% | -4.2% |
| 1994 | 39.0% | +5.5% |
| 1995 | 42.5% | +9.1% |
| 1996 | 41.6% | -2.1% |
| 1997 | 44.2% | +6.2% |
| 1998 | 45.4% | +2.7% |
| 1999 | 47.6% | +4.8% |
| 2000 | 47.9% | +0.7% |
| 2001 | 59.2% | +23.7% |
| 2002 | 60.5% | +2.0% |
| 2003 | 62.4% | +3.2% |
| 2004 | 67.3% | +7.8% |
| 2005 | 72.8% | +8.2% |
| 2006 | 73.7% | +1.3% |
| 2007 | 71.3% | -3.3% |
| 2008 | 75.5% | +6.0% |
| 2009 | 82.8% | +9.6% |
| 2012 | 71.9% | -13.1% |
| 2013 | 68.9% | -4.2% |
| 2014 | 67.7% | -1.6% |
| 2015 | 68.7% | +1.3% |
| 2016 | 69.9% | +1.9% |
| 2017 | 70.1% | +0.3% |
| 2018 | 68.6% | -2.2% |
| 2019 | 67.3% | -1.8% |
| 2020 | 75.9% | +12.8% |
| 2021 | 68.5% | -9.8% |
| 2022 | 61.1% | -10.9% |
| 2023 | 59.7% | -2.2% |
Barbados compared with similar countries
- Barbados's 59.7% is below the median for high income countries, which is 63.2%, 94% of the median. (61 countries reporting)
- Barbados's 59.7% is above the median for Latin America & Caribbean, which is 43.1%, 1.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Monetary Sector credit to private sector (% GDP) 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 |
|---|---|---|---|
| 1969 | +41.1% | 33.2% | 46.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 36.9% | 33.1% | 46.8% | 4 |
| 1970s | 42.4% | 35.1% | 53.0% | 10 |
| 1980s | 32.9% | 29.1% | 35.8% | 10 |
| 1990s | 41.0% | 36.2% | 47.6% | 10 |
| 2000s | 67.3% | 47.9% | 82.8% | 10 |
| 2010s | 69.1% | 67.3% | 71.9% | 8 |
| 2020s | 66.3% | 59.7% | 75.9% | 4 |
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 monetary sector credit to private sector in Barbados?
- Monetary sector credit to private sector in Barbados was 59.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Barbados?
- The highest recorded value was 82.8% in 2009.
- What is the lowest monetary sector credit to private sector recorded in Barbados?
- The lowest recorded value was 29.1% in 1980.
- How does Barbados rank for monetary sector credit to private sector?
- Barbados ranks 50th out of 187 countries with data for 2023.
- Is monetary sector credit to private sector rising or falling in Barbados?
- Over the last ten years it is down 13.3%. 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 Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.