Barbados: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 2.98 billion Barbados Dollar as of November 2024, a decline compared to the previous value of 3 billion Barbados Dollar. Historically, the average for Barbados from January 1988 to November 2024 is 1 billion Barbados Dollar. The minimum of 0.13 billion Barbados Dollar was recorded in September 1991, while the maximum of 3.31 billion Barbados Dollar was reached in July 2024.
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* indicates monthly or quarterly data series
- Measure: billion Barbados Dollar
- Source: Central Bank of Barbados
| Recent values | Barbados: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Nov | 2.98 |
| 2024 Oct | 3 |
| 2024 Sep | 3.12 |
| 2024 Aug | 3.25 |
| 2024 Jul | 3.31 |
| 2024 Jun | 3.2 |
| 2024 May | 3.07 |
| 2024 Apr | 3.17 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.62 | 2021 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Imports, percent of GDP | 42.18 | 2022 | percent |
| Foreign Direct Investment, percent of GDP | 3.52 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.01 | 2023 | 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 | 2.98 | 11/2024 | billion |