Barbados's net domestic credit (current LCU) was 12.13 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 6.97% from 11.34 billion in 2013 (0.68% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 12.13 billion | 2023 |
| Five years earlier | 10.97 billion | 2018 |
| Ten years earlier | 11.34 billion | 2013 |
| Highest | 13.16 billion | 2017 |
| Lowest | 58.2 million | 1966 |
| Average since 2014 | 11.67 billion | 2014–2023 |
| First recorded | 58.2 million |
What the numbers say
In 2023, Barbados' net domestic credit (current LCU) rose 1.8% on 2022 (from 11.91 billion to 12.13 billion).
Across the 30 yearly changes before that (1990 to 2022), the average change was +6% and a typical year strayed about 6.9% from that (the standard deviation). This year's change was 0.6 standard deviations below 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 55.4% in 1969 and the biggest yearly fall was 16.7% in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Barbados had the 10th highest value of the 13 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Barbados in the 2023 ranking
- Luxembourg — 7th of 13: 139.06 billion
- Malta — 8th of 13: 17.88 billion
- Tajikistan — 9th of 13: 14.32 billion
- Zimbabwe — 11th of 13: 5.59 billion
- Aruba — 12th of 13: 4.03 billion
- São Tomé and Principe — 13th of 13: 2.66 billion
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 56 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2023 | 12,127,609,347 |
| 2022 | 11,914,499,345 |
| 2021 | 11,057,911,539 |
| 2020 | 10,564,084,511 |
| 2019 | 10,842,953,473 |
| 2018 | 10,970,672,181 |
| 2017 | 13,163,508,299 |
| 2016 | 12,695,876,693 |
| 2015 | 11,995,247,317 |
| 2014 | 11,404,331,250 |
Net domestic credit (current LCU) in nearby economies
- Antigua and Barbuda — 2.98 billion (2025)
- Argentina — 331.64 trillion (2025)
- Aruba — 4.03 billion (2023)
- Bahamas, The — 10.95 billion (2024)
- Belize — 4.15 billion (2025)
- Bolivia — 414.59 billion (2025)
- Brazil — 17.82 trillion (2025)
- Chile — 279.46 trillion (2025)
- Colombia — 970.94 trillion (2025)
- Costa Rica — 29.82 trillion (2025)
- Dominica
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 foreign assets (current LCU) — 2.26 billion (2023)
- Monetary sector credit to private sector (% of GDP) — 59.73% (2023)
- Broad money (current LCU) — 14.09 billion (2023)
- Broad money (% of GDP)
Reading data like this
Questions people ask
- What is Barbados's net domestic credit (current LCU)?
- 12.13 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1966?
- It is up 20,738% from 58.2 million in 1966 (9.82% a year on average, compounded). The highest value was 13.16 billion in 2017 and the lowest 58.2 million in 1966.
- How does Barbados rank?
- 10th highest of 13 economies with data for 2023.
- Is the latest change in net domestic credit (current LCU) unusual for Barbados?
- In 2023, Barbados' net domestic credit (current LCU) rose 1.8% on 2022 (from 11.91 billion to 12.13 billion). Across the 30 yearly changes before that (1990 to 2022), the average change was +6% and a typical year strayed about 6.9% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, 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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