Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Barbados
Barbados: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 3.66 billion in 2024. ▲ Rising
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Barbados, 2004–2024
Source: International Monetary Fund.
Analysis
The most recent figure for outstanding loans, commercial banks, of which: household sector loans in Barbados is 3.66 billion, measured in 2024.
Compared with earlier readings it is up 3.8% on the previous year and up 9.7% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Barbados peaked at 3.79 billion in 2019 and was at its lowest, 1.46 billion, in 2004.
Barbados ranks 112th of 134 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 1.46 billion | — |
| 2005 | 1.81 billion | +24.0% |
| 2006 | 2.16 billion | +19.7% |
| 2007 | 2.43 billion | +12.5% |
| 2008 | 2.63 billion | +8.3% |
| 2009 | 2.68 billion | +1.7% |
| 2010 | 2.75 billion | +2.6% |
| 2011 | 2.76 billion | +0.5% |
| 2012 | 3.17 billion | +14.9% |
| 2013 | 3.29 billion | +3.6% |
| 2014 | 3.34 billion | +1.5% |
| 2015 | 3.39 billion | +1.6% |
| 2016 | 3.47 billion | +2.1% |
| 2017 | 3.57 billion | +3.1% |
| 2018 | 3.79 billion | +6.0% |
| 2019 | 3.79 billion | +0.0% |
| 2020 | 3.68 billion | -2.8% |
| 2021 | 3.55 billion | -3.6% |
| 2022 | 3.51 billion | -1.1% |
| 2023 | 3.53 billion | +0.5% |
| 2024 | 3.66 billion | +3.8% |
Barbados compared with similar countries
- Barbados's 3.66 billion is below the median for high income countries, which is 248.79 billion, 1% of the median. (52 countries reporting)
- Barbados's 3.66 billion is below the median for Latin America & Caribbean, which is 54.41 billion, 7% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.20 billion | 1.46 billion | 2.68 billion | 6 |
| 2010s | 3.33 billion | 2.75 billion | 3.79 billion | 10 |
| 2020s | 3.59 billion | 3.51 billion | 3.68 billion | 5 |
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 outstanding loans, commercial banks, of which: household sector loans in Barbados?
- Outstanding loans, commercial banks, of which: household sector loans in Barbados was 3.66 billion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Barbados?
- The highest recorded value was 3.79 billion in 2019.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Barbados?
- The lowest recorded value was 1.46 billion in 2004.
- How does Barbados rank for outstanding loans, commercial banks, of which: household sector loans?
- Barbados ranks 112th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Barbados?
- Over the last ten years it is up 9.7%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.