Africa's Development: Sectoral breakdown of the economy … wholesale in Barbados
Barbados: Africa's Development: Sectoral breakdown of the economy … wholesale was 24.07 Percentage of GDP in 2022. ▼ Falling
Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Barbados, 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2022, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Barbados stood at 24.07 Percentage of GDP.
Compared with earlier readings it is up 30.9% on the previous year and up 3.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Barbados peaked at 28.42 Percentage of GDP in 2000 and was at its lowest, 18.39 Percentage of GDP, in 2021.
Barbados ranks 13th of 169 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 23 years of available data.
Africa's Development: Sectoral breakdown of the economy … wholesale in Barbados, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 28.42 Percentage of GDP | — |
| 2001 | 27.31 Percentage of GDP | -3.9% |
| 2002 | 26.82 Percentage of GDP | -1.8% |
| 2003 | 26.77 Percentage of GDP | -0.2% |
| 2004 | 26.17 Percentage of GDP | -2.3% |
| 2005 | 26.22 Percentage of GDP | +0.2% |
| 2006 | 24.77 Percentage of GDP | -5.5% |
| 2007 | 25.69 Percentage of GDP | +3.7% |
| 2008 | 25.69 Percentage of GDP | +0.0% |
| 2009 | 23.83 Percentage of GDP | -7.3% |
| 2010 | 24.15 Percentage of GDP | +1.4% |
| 2011 | 23.89 Percentage of GDP | -1.1% |
| 2012 | 23.24 Percentage of GDP | -2.7% |
| 2013 | 24.2 Percentage of GDP | +4.1% |
| 2014 | 23.82 Percentage of GDP | -1.5% |
| 2015 | 23.41 Percentage of GDP | -1.7% |
| 2016 | 24.04 Percentage of GDP | +2.7% |
| 2017 | 24.55 Percentage of GDP | +2.1% |
| 2018 | 25.48 Percentage of GDP | +3.8% |
| 2019 | 26.05 Percentage of GDP | +2.2% |
| 2020 | 19.29 Percentage of GDP | -26.0% |
| 2021 | 18.39 Percentage of GDP | -4.7% |
| 2022 | 24.07 Percentage of GDP | +30.9% |
Barbados compared with similar countries
- Barbados's 24.07 Percentage of GDP is above the median for high income countries, which is 14.14 Percentage of GDP, 1.7× the median. (54 countries reporting)
- Barbados's 24.07 Percentage of GDP is above the median for Latin America & Caribbean, which is 17.84 Percentage of GDP, 1.3× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Sectoral breakdown of the economy … wholesale in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +30.9% | 18.39 Percentage of GDP | 24.07 Percentage of GDP |
| 2020 | -26.0% | 26.05 Percentage of GDP | 19.29 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.17 Percentage of GDP | 23.83 Percentage of GDP | 28.42 Percentage of GDP | 10 |
| 2010s | 24.28 Percentage of GDP | 23.24 Percentage of GDP | 26.05 Percentage of GDP | 10 |
| 2020s | 20.58 Percentage of GDP | 18.39 Percentage of GDP | 24.07 Percentage of GDP | 3 |
Countries ranked near Barbados
- 10 Netherlands 15.83 Percentage of GDP compare
- 10 Monaco 25.17 Percentage of GDP compare
- 11 Guatemala 25.04 Percentage of GDP compare
- 12 Ethiopia 15.61 Percentage of GDP compare
- 12 Jamaica 24.29 Percentage of GDP compare
- 13 Latvia 15.41 Percentage of GDP compare
- 14 Venezuela 23.75 Percentage of GDP compare
- 15 Andorra 23.47 Percentage of GDP compare
- 16 Belize 23.45 Percentage of GDP compare
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0583 units per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 08 - sectoral breakdown of in Barbados?
- Africa's development dynamics (afdd) table 08 - sectoral breakdown of in Barbados was 24.07 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Barbados?
- The highest recorded value was 28.42 Percentage of GDP in 2000.
- What is the lowest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Barbados?
- The lowest recorded value was 18.39 Percentage of GDP in 2021.
- How does Barbados rank for africa's development dynamics (afdd) table 08 - sectoral breakdown of?
- Barbados ranks 13th out of 169 countries with data for 2022.
- Is africa's development dynamics (afdd) table 08 - sectoral breakdown of rising or falling in Barbados?
- Over the last ten years it is up 3.5%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Value added in wholesale, retail trade, restaurants and hotels. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 8 shows the breakdown of national economies by sectors of activity, looking at share of employment, contributions to GDP, along with the impact of natural resource extraction on the economy.