Private Sector Credit Statistics in Barbados (2026)
As of 2023, domestic credit to the private sector in Barbados was 59.7% of GDP, per World Bank World Development Indicators data. Down from 61.1% of GDP in 2022 to 59.7% of GDP in 2023 (−1.3 percentage points). Barbados ranks #7 of 31 economies in Latin America & Caribbean on this measure, and #54 of 160 globally.
Key Statistics
- Latest value (2023)
- 59.7% of GDP (2023)
- Private Sector Credit in Barbados as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −1.3 pp (2023)
- Down from 61.1% of GDP in 2022 to 59.7% of GDP in 2023 (−1.3 percentage points).
- Earliest value in this dataset (1990)
- 36.2% of GDP (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 36.2% of GDP in 1990 to 59.7% of GDP in 2023.
- Peak value (2009)
- 82.8% of GDP (2009)
- Highest value in the available series; the 2023 value is 59.7% of GDP.
- Rank in Latin America & Caribbean
- #7 of 31 (2023)
- Barbados ranks 7 of 31 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #54 of 160 (2023)
- Barbados ranks 54 of 160 countries with data globally.
- Latin America & Caribbean average
- 47.7% of GDP (2023)
- Barbados (59.7% of GDP) is above the average of 47.7% of GDP across the 31 countries in Latin America & Caribbean with data.
- Domestic credit to private sector by banks (% of GDP) (2023)
- 59.6% (2023)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 51% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- 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, 1990–2023
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 59.7% | −1.3 pp |
| 2022 | 61.1% | −7.4 pp |
| 2021 | 68.5% | −7.4 pp |
| 2020 | 75.9% | +8.5 pp |
| 2019 | 67.4% | −1.2 pp |
| 2018 | 68.6% | −3.6 pp |
| 2017 | 72.1% | +2.1 pp |
| 2016 | 70% | +1.3 pp |
| 2015 | 68.7% | +0.2 pp |
| 2014 | 68.5% | −0.3 pp |
| 2013 | 68.8% | +0.3 pp |
| 2012 | 68.5% | −14.3 pp |
| 2009 | 82.8% | +7.2 pp |
| 2008 | 75.5% | +4.2 pp |
| 2007 | 71.3% | −2.4 pp |
| 2006 | 73.7% | +0.9 pp |
| 2005 | 72.8% | +5.5 pp |
| 2004 | 67.3% | +4.9 pp |
| 2003 | 62.4% | +2.0 pp |
| 2002 | 60.5% | +1.2 pp |
| 2001 | 59.2% | +11.3 pp |
| 2000 | 47.9% | +0.3 pp |
| 1999 | 47.6% | +2.2 pp |
| 1998 | 45.4% | +1.2 pp |
| 1997 | 44.2% | +2.6 pp |
| 1996 | 41.6% | −0.9 pp |
| 1995 | 42.5% | +3.5 pp |
| 1994 | 39% | +2.0 pp |
| 1993 | 36.9% | −1.6 pp |
| 1992 | 38.5% | +0.9 pp |
| 1991 | 37.6% | +1.4 pp |
| 1990 | 36.2% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Barbados?
Domestic credit to the private sector in Barbados stood at 59.7% of GDP in 2023, according to World Bank World Development Indicators data.
How recent is the private sector credit data for Barbados?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Barbados.
Where does the private sector credit data for Barbados come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Barbados is from 2023; the snapshot was retrieved on 2026-06-10.
How has private sector credit in Barbados changed over time?
World Bank World Development Indicators data show a rise from 36.2% of GDP in 1990 to 59.7% of GDP in 2023.
How does Barbados compare with other countries in Latin America & Caribbean?
Barbados ranks 7 of 31 countries in Latin America & Caribbean with data, with 59.7% of GDP versus a regional average of 47.7% of GDP (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, 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 .