Bank Deposits Statistics in Barbados (2026)
In 2024, outstanding bank deposits in Barbados stood at 89.4% of GDP, according to IMF Financial Access Survey data. Up from 87.7% of GDP in 2023 to 89.4% of GDP in 2024 (+1.7 percentage points). Barbados ranks #4 of 32 economies in Latin America & Caribbean on this measure, and #35 of 172 globally.
Key Statistics
- Latest value (2024)
- 89.4% of GDP (2024)
- Bank Deposits in Barbados as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +1.7 pp (2024)
- Up from 87.7% of GDP in 2023 to 89.4% of GDP in 2024 (+1.7 percentage points).
- Earliest value in this dataset (2004)
- 81.7% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 81.7% of GDP in 2004 to 89.4% of GDP in 2024.
- Peak value (2021)
- 104.8% of GDP (2021)
- Highest value in the available series; the 2024 value is 89.4% of GDP.
- Rank in Latin America & Caribbean
- #4 of 32 (2024)
- Barbados ranks 4 of 32 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #35 of 172 (2024)
- Barbados ranks 35 of 172 countries with data globally.
- Latin America & Caribbean average
- 55.7% of GDP (2024)
- Barbados (89.4% of GDP) is above the average of 55.7% of GDP across the 32 countries in Latin America & Caribbean with data.
- Internet use in Barbados (2024)
- 70.4% (2024)
- 70.4% of the population in Barbados used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 282,467 (2024)
- Barbados had a population of 282,467 in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 89.4% | +1.7 pp |
| 2023 | 87.7% | −5.9 pp |
| 2022 | 93.7% | −11.1 pp |
| 2021 | 104.8% | +3.3 pp |
| 2020 | 101.4% | +15.9 pp |
| 2019 | 85.6% | −1.0 pp |
| 2018 | 86.6% | −0.5 pp |
| 2017 | 87.1% | −2.7 pp |
| 2016 | 89.8% | +2.8 pp |
| 2015 | 87% | +7.3 pp |
| 2014 | 79.7% | −2.3 pp |
| 2013 | 82% | −1.4 pp |
| 2012 | 83.4% | +6.4 pp |
| 2011 | 76.9% | −6.8 pp |
| 2010 | 83.7% | −3.0 pp |
| 2009 | 86.7% | +4.1 pp |
| 2008 | 82.7% | −3.2 pp |
| 2007 | 85.9% | +7.8 pp |
| 2006 | 78% | −5.1 pp |
| 2005 | 83.2% | +1.4 pp |
| 2004 | 81.7% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Barbados?
Outstanding bank deposits in Barbados stood at 89.4% of GDP in 2024, according to IMF Financial Access Survey data.
When did bank deposits in Barbados peak?
The highest value in the available series was 104.8% of GDP in 2021; the latest (2024) value is 89.4% of GDP.
How recent is the bank deposits data for Barbados?
The most recent observation is from 2024. IMF Financial Access Survey data is reported with a lag, so 2024 is the latest available year for Barbados.
Where does the bank deposits data for Barbados come from?
The data comes from the IMF Financial Access Survey (indicator OUTD_COMBANK.POGDP). The latest observation for Barbados is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .