Savings Rate, Percent per annum in Barbados
Barbados: Savings Rate, Percent per annum was 1.05 in 2022. βΌ Falling
Savings Rate, Percent per annum in Barbados, 1981β2022
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.
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
- 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)
- Domestic credit to private sector by banks 59.6% (2023)
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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CSV Β· JSON β 42 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.