Monetary Sector credit to private sector in Barbados
Barbados: Monetary Sector credit to private sector 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 186 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 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% |
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
- Net domestic credit (current LCU), per capita 42,954 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.68 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 1.79 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 1.22 billion SDR (2024)
- Reserves excluding gold 1.27 billion SDR (2024)
- Total reserves (gold at market value) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 4,489 SDR per person (2024)
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 186 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.