Barbados: Reserves
* indicates monthly or quarterly data series
| Barbados |
Foreign exchange reserves including gold, billion USD |
|---|---|
| Latest value | 1.52 |
| Year | 2022 |
| Measure | billion U.S. dollars |
| Data availability | 1966 - 2022 |
| Average | 0.38 |
| Min - Max | 0.01 - 1.67 |
| Source | The World Bank |
The latest value from 2022 is 1.52 billion U.S. dollars, a decline from 1.67 billion U.S. dollars in 2021. In comparison, the world average is 92.17 billion U.S. dollars, based on data from 152 countries. Historically, the average for Barbados from 1966 to 2022 is 0.38 billion U.S. dollars. The minimum value, 0.01 billion U.S. dollars, was reached in 1966 while the maximum of 1.67 billion U.S. dollars was recorded in 2021.
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* indicates monthly or quarterly data series
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The reserves of Barbados and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.62 | 2021 | percent |
| Trade openness | 76.46 | 2022 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 34.28 | 2022 | percent |
| Exports, billion dollars | 2.00 | 2022 | billion U.S. dollars |
| Imports, percent of GDP | 42.18 | 2022 | percent |
| Imports, billion dollars | 2.46 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 3.52 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.20 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 2.58 | 2017 | million dollars (current) |
| Current account, percent of GDP | -8.00 | 2023 | percent |
| Current account, in dollars | -0.30 | 2017 | billion U.S. dollars |
| Trade balance, percent of GDP | -7.90 | 2022 | percent |
| Trade balance, in dollars | 0.02 | 2017 | billion U.S. dollars |
| Reserves | 1.52 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 1.33 | 2023 | percent |
| Remittances | 85.18 | 2023 | million U.S. dollars |
| Net errors and omissions | -132.48 | 2017 | million USD |
| Foreign exchange reserves | 3.23 | 8/2024 | billion |