Black-girdled Barbet has a wide geographic distribution, and its relative abundance is rated as common (Stotz et al. 1997) or uncommon to fairly common (Zimmer et al. 1997). The region in which Black-girdled Barbet occurs is predicted to experience rapid deforestation, however, and so the IUCN Red List status of this species is rated as Vulnerable (BirdLife International 2013).

The primary threat to Black-girdled Barbet is deforestation, "as land is cleared for cattle ranching and soy production, facilitated by expansion of the road network" (BirdLife International 2013).