Interest payments in Barbados
Barbados: Interest payments was 22.5% in 2016. ▲ Rising
Interest payments in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Barbados recorded 22.5% for interest payments in 2016. That is the highest value across all 14 years on record.
That represents a change of up 12.9% on the previous year and up 57.4% over ten years.
Over the whole period, interest payments in Barbados peaked at 22.5% in 2016 and was at its lowest, 13.4%, in 2008.
Barbados ranks 10th of 152 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Interest payments in Barbados, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 15.8% | — |
| 2004 | 15.3% | -3.4% |
| 2005 | 13.7% | -10.1% |
| 2006 | 14.3% | +4.2% |
| 2007 | 14.2% | -0.7% |
| 2008 | 13.4% | -6.1% |
| 2009 | 14.2% | +6.2% |
| 2010 | 15.7% | +10.7% |
| 2011 | 17.5% | +11.7% |
| 2012 | 17.3% | -1.6% |
| 2013 | 18.0% | +4.3% |
| 2014 | 20.5% | +14.1% |
| 2015 | 19.9% | -2.8% |
| 2016 | 22.5% | +12.9% |
Barbados compared with similar countries
- Barbados's 22.5% is above the median for high income countries, which is 3.3%, 6.9× the median. (54 countries reporting)
- Barbados's 22.5% is above the median for Latin America & Caribbean, which is 10.3%, 2.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.4% | 13.4% | 15.8% | 7 |
| 2010s | 18.8% | 15.7% | 22.5% | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Barbados?
- Interest payments in Barbados was 22.5% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Barbados?
- The highest recorded value was 22.5% in 2016.
- What is the lowest interest payments recorded in Barbados?
- The lowest recorded value was 13.4% in 2008.
- How does Barbados rank for interest payments?
- Barbados ranks 10th out of 152 countries with data for 2016.
- Is interest payments rising or falling in Barbados?
- Over the last ten years it is up 57.4%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.