Savings Rate, Percent per annum in Barbados
Barbados: Savings Rate, Percent per annum was 1.05 in 2022. ▼ Falling
Savings Rate, Percent per annum in Barbados, 1981–2022
Source: International Monetary Fund.
Analysis
The most recent figure for savings rate, percent per annum in Barbados is 1.05, measured in 2022.
Compared with earlier readings it is up 14.5% on the previous year and down 70.0% over ten years.
Over the whole period, savings rate, percent per annum in Barbados peaked at 7.77 in 1982 and was at its lowest, 0.65, in 2019.
Barbados ranks 44th of 63 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.
Savings Rate, Percent per annum in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 1981 | 7.33 | — |
| 1982 | 7.77 | +6.0% |
| 1983 | 5.42 | -30.3% |
| 1984 | 5.5 | +1.5% |
| 1985 | 5 | -9.1% |
| 1986 | 3.92 | -21.7% |
| 1987 | 3 | -23.4% |
| 1988 | 3.92 | +30.6% |
| 1989 | 4.17 | +6.4% |
| 1990 | 5.71 | +37.0% |
| 1991 | 6.38 | +11.7% |
| 1992 | 6.5 | +2.0% |
| 1993 | 4.17 | -35.9% |
| 1994 | 4.25 | +2.0% |
| 1995 | 5 | +17.6% |
| 1996 | 5 | +0.0% |
| 1997 | 4.33 | -13.3% |
| 1998 | 4 | -7.7% |
| 1999 | 4.17 | +4.2% |
| 2000 | 4.83 | +16.0% |
| 2001 | 4.38 | -9.5% |
| 2002 | 3.29 | -24.8% |
| 2003 | 3 | -8.9% |
| 2004 | 3.62 | +20.8% |
| 2005 | 4.08 | +12.6% |
| 2006 | 5.29 | +29.6% |
| 2007 | 5.75 | +8.7% |
| 2008 | 5.44 | -5.4% |
| 2009 | 3.88 | -28.7% |
| 2010 | 3.5 | -9.7% |
| 2011 | 3.5 | +0.0% |
| 2012 | 3.5 | +0.0% |
| 2013 | 3.5 | +0.0% |
| 2014 | 3.5 | +0.0% |
| 2015 | 3.5 | +0.0% |
| 2016 | 2.9 | -17.3% |
| 2017 | 1.25 | -56.8% |
| 2018 | 0.9 | -28.0% |
| 2019 | 0.65 | -27.8% |
| 2020 | 0.65 | +0.0% |
| 2021 | 0.9167 | +41.0% |
| 2022 | 1.05 | +14.5% |
Barbados compared with similar countries
- Barbados's 1.05 is above the median for high income countries, which is 1.05, 1.0× the median. (13 countries reporting)
- Barbados's 1.05 is below the median for Latin America & Caribbean, which is 1.66, 63% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.11 | 3 | 7.77 | 9 |
| 1990s | 4.95 | 4 | 6.5 | 10 |
| 2000s | 4.36 | 3 | 5.75 | 10 |
| 2010s | 2.67 | 0.65 | 3.5 | 10 |
| 2020s | 0.8722 | 0.65 | 1.05 | 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 savings rate, percent per annum in Barbados?
- Savings rate, percent per annum in Barbados was 1.05 in 2022, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Barbados?
- The highest recorded value was 7.77 in 1982.
- What is the lowest savings rate, percent per annum recorded in Barbados?
- The lowest recorded value was 0.65 in 2019.
- How does Barbados rank for savings rate, percent per annum?
- Barbados ranks 44th out of 63 countries with data for 2022.
- Is savings rate, percent per annum rising or falling in Barbados?
- Over the last ten years it is down 70.0%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.