Barbados: Deposit interest rate (%)

Key figures

What the numbers say

In 2022, Barbados' deposit interest rate (%) fell 0.01 percentage points on 2021 (from 0.15% to 0.14%).

Across the 30 yearly changes before that (1992 to 2021), the average change was −0.21 percentage points and a typical year strayed about 0.75 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1.79 percentage points in 1981 and the biggest yearly fall was 2.29 percentage points in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.27 percentage points a year. A straight line explains 68% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Barbados in the 2022 ranking

• Peru — 1st of 4: 4.82%
• Comoros — 2nd of 4: 2.06%
• Israel — 3rd of 4: 0.44%

What this measures

Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.

Limitations: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.

All 43 values

Deposit interest rate (%) in nearby economies

• Antigua and Barbuda — 1.33% (2025)
• Argentina — 34.86% (2025)
• Aruba — 2.8% (2023)
• Bahamas, The — 0.59% (2025)
• Belize — 1.98% (2025)
• Bolivia — 3.92% (2025)
• Brazil — 7.7% (2024)
• Chile — 6.07% (2024)
• Colombia — 8.96% (2025)
• Costa Rica — 3.44% (2025)
• Dominica — 1.54% (2025)
• Dominican Republic

More financial sector data for Barbados

• GDP deflator (base year varies by country) — 104.55 (2025)
• DEC alternative conversion factor (LCU per US$) — US$2 (2025)
• Official exchange rate (LCU per US$, period average) — US$2 (2025)
• Inflation, GDP deflator (annual % growth) — 2.74% (2025)
• Consumer price index (2010 = 100) — 146.54 (2025)
• Domestic credit to private sector by banks (% of GDP) — 59.62% (2023)
• Net domestic credit (current LCU) — 12.13 billion (2023)
• Net foreign assets (current LCU) — 2.26 billion (2023)
• Monetary sector credit to private sector (% of GDP) — 59.73% (2023)
• Broad money (current LCU)

Reading data like this

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Questions people ask

What is Barbados's deposit interest rate (%)?

0.14% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is down 5.46 percentage points from 5.6% in 1980. The highest value was 8.83% in 1982 and the lowest 0.14% in 2022.

Is the latest change in deposit interest rate (%) unusual for Barbados?

In 2022, Barbados' deposit interest rate (%) fell 0.01 percentage points on 2021 (from 0.15% to 0.14%). Across the 30 yearly changes before that (1992 to 2021), the average change was −0.21 percentage points and a typical year strayed about 0.75 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FR.INR.DPST, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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