Total Credit — Value Standard Local Currency in Barbados
Barbados: Total Credit — Value Standard Local Currency was 6,401 million SLC in 2023. ▲ Rising
Total Credit — Value Standard Local Currency in Barbados, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, total credit — value standard local currency in Barbados stood at 6,401 million SLC.
The figure is up 2.8% on the previous year and down 13.2% over ten years.
Over the whole period, total credit — value standard local currency in Barbados peaked at 7,938 million SLC in 2012 and was at its lowest, 1,218 million SLC, in 1992.
Barbados ranks 146th of 165 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Total Credit — Value Standard Local Currency in Barbados, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 1,262 million SLC | — |
| 1992 | 1,218 million SLC | -3.5% |
| 1993 | 1,235 million SLC | +1.4% |
| 1994 | 1,457 million SLC | +18.0% |
| 1995 | 1,522 million SLC | +4.5% |
| 1996 | 1,615 million SLC | +6.1% |
| 1997 | 1,978 million SLC | +22.5% |
| 1998 | 2,315 million SLC | +17.0% |
| 1999 | 2,612 million SLC | +12.8% |
| 2000 | 2,713 million SLC | +3.8% |
| 2001 | 2,732 million SLC | +0.7% |
| 2002 | 2,910 million SLC | +6.5% |
| 2003 | 2,867 million SLC | -1.5% |
| 2004 | 3,346 million SLC | +16.7% |
| 2005 | 4,082 million SLC | +22.0% |
| 2006 | 4,853 million SLC | +18.9% |
| 2007 | 5,097 million SLC | +5.0% |
| 2008 | 5,728 million SLC | +12.4% |
| 2009 | 5,778 million SLC | +0.9% |
| 2010 | 5,701 million SLC | -1.3% |
| 2011 | 5,784 million SLC | +1.5% |
| 2012 | 7,938 million SLC | +37.2% |
| 2013 | 7,374 million SLC | -7.1% |
| 2014 | 7,186 million SLC | -2.5% |
| 2015 | 7,143 million SLC | -0.6% |
| 2016 | 7,103 million SLC | -0.6% |
| 2017 | 7,191 million SLC | +1.2% |
| 2018 | 6,145 million SLC | -14.5% |
| 2019 | 6,112 million SLC | -0.6% |
| 2020 | 5,985 million SLC | -2.1% |
| 2021 | 5,861 million SLC | -2.1% |
| 2022 | 6,227 million SLC | +6.2% |
| 2023 | 6,401 million SLC | +2.8% |
Barbados compared with similar countries
- Barbados's 6,401 million SLC is below the median for high income countries, which is 263,838 million SLC, 2% of the median. (52 countries reporting)
- Barbados's 6,401 million SLC is below the median for Latin America & Caribbean, which is 156,387 million SLC, 4% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,690 million SLC | 1,218 million SLC | 2,612 million SLC | 9 |
| 2000s | 4,011 million SLC | 2,713 million SLC | 5,778 million SLC | 10 |
| 2010s | 6,768 million SLC | 5,701 million SLC | 7,938 million SLC | 10 |
| 2020s | 6,118 million SLC | 5,861 million SLC | 6,401 million SLC | 4 |
Countries ranked near Barbados
- 143 Bosnia and Herzegovina 9,987 million SLC compare
- 144 Brunei Darussalam 7,816 million SLC compare
- 145 Sierra Leone 6,986 million SLC compare
- 147 Gabon 5,449 million SLC compare
- 148 Solomon Islands 4,392 million SLC compare
- 149 Aruba 4,178 million SLC compare
More agriculture & rural data for Barbados
- Agriculture, forestry, and fishing, value added (current US$), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0155 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 418.19 current US$ per person (2024)
- Rural population, annual growth rate -0.3404 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.403 units per person (2025)
- Share of GDP from agriculture 1.6% (2024)
- Agriculture as a share of GDP vs. GDP per capita 1.6% (2024)
- Agricultural raw materials exports 0.1% (2024)
- Agricultural raw materials imports 0.9% (2024)
Frequently asked questions
- What is total credit — value standard local currency in Barbados?
- Total credit — value standard local currency in Barbados was 6,401 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Barbados?
- The highest recorded value was 7,938 million SLC in 2012.
- What is the lowest total credit — value standard local currency recorded in Barbados?
- The lowest recorded value was 1,218 million SLC in 1992.
- How does Barbados rank for total credit — value standard local currency?
- Barbados ranks 146th out of 165 countries with data for 2023.
- Is total credit — value standard local currency rising or falling in Barbados?
- Over the last ten years it is down 13.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.