household debts in Barbados

Gross debt in Barbados

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Barbados in the period from 1998 to 2021 was between 1.5 billion and 7.9 billion USD. The hightest level within the past 23 years was reached in 2017. However, the liabilities in 2021 have been only seven billion USD

Based on the number of inhabitants, this is a debt of 24,439 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.

Back to overview: Barbados

Gross debt of the last 23 years in billion USD

YearBarbados totalBarbados per capitaEU per capita
19981.54 bn USD5,703 USD14,079 USD
19991.60 bn USD5,914 USD14,032 USD
20001.87 bn USD6,905 USD11,241 USD
20012.07 bn USD7,597 USD11,263 USD
20022.22 bn USD8,130 USD12,266 USD
20032.32 bn USD8,442 USD15,295 USD
20042.50 bn USD9,065 USD17,606 USD
20052.87 bn USD10,397 USD18,337 USD
20063.28 bn USD11,828 USD18,887 USD
20073.64 bn USD13,064 USD20,910 USD
20083.92 bn USD14,015 USD24,100 USD
20094.48 bn USD15,945 USD25,376 USD
20104.93 bn USD17,489 USD26,515 USD
20115.23 bn USD18,491 USD29,254 USD
20125.72 bn USD20,169 USD28,198 USD
20136.33 bn USD22,258 USD30,008 USD
20146.55 bn USD22,983 USD30,677 USD
20156.99 bn USD25,132 USD25,944 USD
20167.28 bn USD26,120 USD26,287 USD
20177.93 bn USD28,393 USD27,108 USD
20186.49 bn USD23,197 USD28,543 USD
20196.37 bn USD22,729 USD27,264 USD
20206.64 bn USD23,641 USD30,919 USD
20216.87 bn USD24,439 USD33,827 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Barbados       European Union

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