Barbados: Lending interest rate

* indicates monthly or quarterly data series
 Barbados

Interest rates on bank credit to the private sector

 Latest value 8.05
 Year 2022
 Measure percent
 Data availability 1981 - 2022
 Average 9.58
 Min - Max 8.05 - 13.54
 Source The World Bank
The latest value from 2022 is 8.05 percent, unchanged from 8.05 percent in 2021. In comparison, the world average is 11.81 percent, based on data from 93 countries. Historically, the average for Barbados from 1981 to 2022 is 9.58 percent. The minimum value, 8.05 percent, was reached in 2016 while the maximum of 13.54 percent was recorded in 1992. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Barbados - Lending interest rate - Recent values chart

Historical series
Barbados - Lending interest rate - historical chart - 1981-2022




The lending interest rate in Barbados shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Lending-deposit interest rate spread 7.90 2020 interest rate points
 Bank cost to income ratio 19.93 2016 percent
 Non-performing loans 5.84 2022 percent
 Bank overhead cost 2.14 2021 percent
 Net interest margin 4.68 2021 percent
 Bank credit to deposits 73.03 2019 percent
 Return on assets 1.18 2021 percent
 Return on equity 12.24 2021 percent
 Banking system z-scores 13.96 2021 index points
 Liquid assets to deposits 38.89 2021 percent
 Non-interest income to total income 14.27 2016 percent
 Lending interest rate 8.05 2022 percent
 Real interest rate 3.82 2022 percent
 Legal rights 6.00 2019 points
 Credit information sharing 0.00 2019 points
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