Barbados central bank launches new data portal

The Central Bank of Barbados (CBB) has launched a new statistics portal housing information across sectors of the economy.

Photo: Barbados Central Bank

The bank promises that Barbadians will now be able to access data about the economy of their country more quickly.

Visitors to CBBWEBSTATS will find data spanning more than a decade on tourism, trade in goods, interest rates, exchange rates, inflation, international reserves, assets and liabilities, deposit-taking entities such as commercial banks, credit unions, and Part Three companies. 

“We know the importance and significance of data to decision making at all levels, so we have simplified our online data to make the process easier and faster,” Deputy Director, Research and Economic Analysis Department, Sheryl Peter-Kirton said in a release on the CBB’s website.

Deputy Director, Research and Economic Analysis Department at the Barbados Central Bank, Sheryl Peter-Kirton (Photo: Barbados Central Bank)

“We believe that researchers, businesspeople, policymakers, financiers and the average citizen will find them easier to use,” she further commented.

Peter-Kirton noted that while the Bank started with the most current data periods on the new website, over time it will integrate the available historical data.

A blurb on each page will help visitors to the site to better understand information. A Statistics Glossary is also in the pipeline, the CBB said.

 “We’ve tried to present the CBBWEBSTATS in a simple format, made them more intuitive and easily downloadable in response to requests and suggestions from our stakeholders who rely on our data,” Peter-Kirton stated.

The Bank said it has also standardised the presentation of information on the balance sheets of deposit-taking institutions – commercial banks, credit unions, and Part Three companies- to help users with their comparative analyses. 

The CBB has promised to update CBBWEBSTATS at least bi-monthly. CBBWEBSTATS are available at www.centralbank.org.bb