Deposit interest rate — all countries

Deposit interest rate — Barbados

Deposit interest rate in Barbados in 2022 — 0.14%. Ranked 94 in the world out of 99. Since 1980, the indicator has fallen by 5.46 pp.

2022 0.14% −0.01 pp vs 2021
World rank 94of 99
Period maximum 8.83%1982
Period minimum 0.14%2022

Trend over time

1980–2022 · % per annum

Deposit interest rate — Barbados, 1980–202202.557.5101980198519901995200020052010201520201980: 5.6%1981: 7.39%1982: 8.83%1983: 6.72%1984: 6.07%1985: 5.49%1986: 4.28%1987: 3.61%1988: 4.26%1989: 4.78%1990: 6.28%1991: 6.53%1992: 6.68%1993: 4.39%1994: 4.32%1995: 5.11%1996: 5.2%1997: 4.58%1998: 4.2%1999: 4.4%2000: 4.97%2001: 4.04%2002: 2.7%2003: 2.56%2004: 2.54%2005: 3.18%2006: 4.6%2007: 5.13%2008: 4.46%2009: 2.87%2010: 2.67%2011: 2.68%2012: 2.56%2013: 2.51%2014: 2.51%2015: 1.32%2016: 0.35%2017: 0.19%2018: 0.15%2019: 0.15%2020: 0.15%2021: 0.15%2022: 0.14%
Change over the period: −5.46 pp Annual average: -0.13 pp
Deposit interest rate — Barbados, by year Barbados All countries CSV XLSX
Year % Change, pp
2022 0.14 −0.01 pp
2021 0.15 +0 pp
2020 0.15 +0 pp
2019 0.15 −0 pp
2018 0.15 −0.04 pp
2017 0.19 −0.15 pp
2016 0.35 −0.98 pp
2015 1.32 −1.19 pp
2014 2.51 −0 pp
2013 2.51 −0.05 pp
2012 2.56 −0.11 pp
2011 2.68 +0.01 pp
2010 2.67 −0.2 pp
2009 2.87 −1.59 pp
2008 4.46 −0.67 pp
2007 5.13 +0.54 pp
2006 4.6 +1.42 pp
2005 3.18 +0.65 pp
2004 2.54 −0.03 pp
2003 2.56 −0.14 pp
2002 2.7 −1.34 pp
2001 4.04 −0.93 pp
2000 4.97 +0.57 pp
1999 4.4 +0.2 pp
1998 4.2 −0.37 pp
1997 4.58 −0.63 pp
1996 5.2 +0.09 pp
1995 5.11 +0.79 pp
1994 4.32 −0.08 pp
1993 4.39 −2.29 pp
1992 6.68 +0.15 pp
1991 6.53 +0.25 pp
1990 6.28 +1.5 pp
1989 4.78 +0.53 pp
1988 4.26 +0.65 pp
1987 3.61 −0.68 pp
1986 4.28 −1.21 pp
1985 5.49 −0.58 pp
1984 6.07 −0.66 pp
1983 6.72 −2.11 pp
1982 8.83 +1.44 pp
1981 7.39 +1.79 pp
1980 5.6

About the indicator

The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.

Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.

Source: World Economic Outlook (IMF), license IMF open data.