Annual GDP growth (%) in Caribbean
Caribbean: Annual GDP growth (%) was 2.3% in 2024. ◆ Volatile
Annual GDP growth in Caribbean, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Caribbean recorded 2.3% for annual gdp growth in 2024.
That represents a change of up 136.3% on the previous year and up 28.5% over ten years.
Over the whole period, annual gdp growth in Caribbean peaked at 5.7% in 2004 and was at its lowest, -8.5%, in 2020.
That places Caribbean 146th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.0% | — |
| 2001 | 3.9% | -4.0% |
| 2002 | 2.0% | -47.7% |
| 2003 | 1.8% | -12.9% |
| 2004 | 5.7% | +224.3% |
| 2005 | 3.5% | -39.2% |
| 2006 | 4.7% | +34.7% |
| 2007 | 3.1% | -33.0% |
| 2008 | 1.1% | -63.6% |
| 2009 | -1.2% | -206.5% |
| 2010 | 1.6% | -231.9% |
| 2011 | 1.3% | -18.2% |
| 2012 | 1.6% | +18.9% |
| 2013 | 1.7% | +11.8% |
| 2014 | 1.8% | +2.0% |
| 2015 | 2.3% | +27.9% |
| 2016 | 0.9% | -62.4% |
| 2017 | 0.7% | -14.3% |
| 2018 | 1.2% | +70.7% |
| 2019 | 1.7% | +34.8% |
| 2020 | -8.5% | -607.8% |
| 2021 | 4.9% | -156.8% |
| 2022 | 3.9% | -19.7% |
| 2023 | 1.0% | -75.3% |
| 2024 | 2.3% | +136.3% |
Biggest year-on-year movements
Years where Annual GDP growth (%) in Caribbean 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 |
|---|---|---|---|
| 2020 | -607.8% | 1.7% | -8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | -1.2% | 5.7% | 10 |
| 2010s | 1.5% | 0.7% | 2.3% | 10 |
| 2020s | 0.7% | -8.5% | 4.9% | 5 |
Countries ranked near Caribbean
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.07 % (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.3236 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 2.13 % change on previous year (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 15.55 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 92,184 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
Frequently asked questions
- What is annual gdp growth in Caribbean?
- Annual gdp growth in Caribbean was 2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Caribbean?
- The highest recorded value was 5.7% in 2004.
- What is the lowest annual gdp growth recorded in Caribbean?
- The lowest recorded value was -8.5% in 2020.
- How does Caribbean rank for annual gdp growth?
- Caribbean ranks 146th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Caribbean?
- Over the last ten years it is up 28.5%. The long-run trend across the full record is volatile.
- Where does this Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).