Barbados Statutory interest on judgment debts
Barbados Statutory interest on judgment debts: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 10 Aug 2026.
Barbados fixes no statutory interest percentage. Section 35(5) of the Supreme Court of Judicature Act, Cap. 117A requires the Court to award interest on a judgment debt 'at such rate as may be prescribed by rules of court', and the Supreme Court (Civil Procedure) Rules 2008 define that rate only by cross-reference to an enactment that fixes no figure — so there is no number to serve.
Compare statutory interest rate across all 22 Latin American countries →
What this value means
REFUSAL — Barbados has no fixed statutory or court-rule interest percentage that can be quoted. THE CHAIN BREAKS: the Act does not itself state a rate; it delegates to rules of court (s. 35(5)). The Supreme Court (Civil Procedure) Rules 2008 — made 8 August 2008 by the Rules Committee under s. 82 of the Act, in force 1 October 2009 — then define the 'statutory rate of interest' as whatever 'may be prescribed under any relevant enactment' and make the judgment-debt rate 'the prescribed rate of interest unless the court has directed that some other rate shall apply' (r. 46.4(2)). Neither the Rules nor any enactment traced fixes a percentage, and the Rules' own enforcement forms (writs of execution, charging orders) leave the rate as a blank to be completed case by case — which is the practical confirmation that the figure comes from the order, not from a published rate. In practice Barbadian judgments commonly carry interest at around 6% per annum from judgment until payment, but that is a judicial award under s. 35(5) and r. 46.4(2), not a rate any instrument prescribes; it can be and is varied by the court. PRE-JUDGMENT INTEREST is discretionary in the same way: under s. 35(1) the High Court 'may, if it thinks fit' include interest at such rate as may be prescribed by rules of court for all or part of the period between accrual of the cause of action and judgment, subject to three carve-outs — no interest upon interest, no application where interest is payable as of right by agreement or otherwise, and no effect on damages for dishonour of a bill of exchange. Section 35(3) makes an award of interest on personal-injury damages effectively mandatory absent special reasons, and s. 35(4) allows different rates for different parts of the period. DO NOT MISTAKE CAP. 316 FOR A STATUTORY RATE: the Rate of Interest Act, Cap. 316 is a usury ceiling, not a judgment rate. It provides that sums due under a judgment 'shall carry interest at a rate not exceeding the prescribed rate' (s. 4(1)), the 'prescribed rate' being the MAXIMUM the Minister responsible for Finance may set by order under s. 6(1) (subject to negative resolution, s. 6(3); the power may be delegated to the Central Bank of Barbados with the Minister's approval, s. 6A). A judgment on a bond takes the rate expressed in the bond instead (s. 4(2)). Cap. 316 caps what may be charged; it never says what a judgment debt does carry. NO LATE-PAYMENT REGIME: nothing in Barbadian law gives a creditor default interest on an overdue invoice outside contract or a court order.
Get it programmatically
curl https://latamref.dev/v1/bb/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://latamref.dev/v1/bb/statutory-interest/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/bb/statutory-interestOther Barbados series: Central bank policy rate · VAT standard rate · VAT registration threshold · National minimum wage · Public holidays · Inflation (point-to-point, year-on-year) · Corporation tax rate · Withholding tax rates · Personal income tax rates · Statutory social-insurance contributions
The same figure elsewhere: Belize · Bolivia · Brazil · Chile · Colombia · all 22