Gross Domestic Product — Value US$, 2015 prices in Barbados
Barbados: Gross Domestic Product — Value US$, 2015 prices was 5,783 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Barbados, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Barbados recorded 5,783 million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 8.4% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Barbados peaked at 5,783 million USD in 2024 and was at its lowest, 2,645 million USD, in 1970.
That places Barbados 157th out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Barbados, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 2,645 million USD | — |
| 1971 | 2,748 million USD | +3.9% |
| 1972 | 2,783 million USD | +1.3% |
| 1973 | 2,821 million USD | +1.3% |
| 1974 | 2,689 million USD | -4.7% |
| 1975 | 2,797 million USD | +4.0% |
| 1976 | 2,919 million USD | +4.4% |
| 1977 | 3,025 million USD | +3.6% |
| 1978 | 3,173 million USD | +4.9% |
| 1979 | 3,423 million USD | +7.9% |
| 1980 | 3,573 million USD | +4.4% |
| 1981 | 3,504 million USD | -1.9% |
| 1982 | 3,331 million USD | -4.9% |
| 1983 | 3,348 million USD | +0.5% |
| 1984 | 3,467 million USD | +3.6% |
| 1985 | 3,505 million USD | +1.1% |
| 1986 | 3,683 million USD | +5.1% |
| 1987 | 3,778 million USD | +2.6% |
| 1988 | 3,908 million USD | +3.5% |
| 1989 | 4,049 million USD | +3.6% |
| 1990 | 3,915 million USD | -3.3% |
| 1991 | 3,762 million USD | -3.9% |
| 1992 | 3,499 million USD | -7.0% |
| 1993 | 3,542 million USD | +1.2% |
| 1994 | 3,676 million USD | +3.8% |
| 1995 | 3,750 million USD | +2.0% |
| 1996 | 3,899 million USD | +4.0% |
| 1997 | 4,084 million USD | +4.7% |
| 1998 | 4,237 million USD | +3.7% |
| 1999 | 4,251 million USD | +0.3% |
| 2000 | 4,440 million USD | +4.5% |
| 2001 | 4,335 million USD | -2.4% |
| 2002 | 4,369 million USD | +0.8% |
| 2003 | 4,464 million USD | +2.2% |
| 2004 | 4,527 million USD | +1.4% |
| 2005 | 4,706 million USD | +4.0% |
| 2006 | 4,973 million USD | +5.7% |
| 2007 | 5,258 million USD | +5.7% |
| 2008 | 5,476 million USD | +4.1% |
| 2009 | 5,380 million USD | -1.8% |
| 2010 | 5,440 million USD | +1.1% |
| 2011 | 5,400 million USD | -0.7% |
| 2012 | 5,383 million USD | -0.3% |
| 2013 | 5,329 million USD | -1.0% |
| 2014 | 5,333 million USD | +0.1% |
| 2015 | 5,288 million USD | -0.8% |
| 2016 | 5,383 million USD | +1.8% |
| 2017 | 5,390 million USD | +0.1% |
| 2018 | 5,326 million USD | -1.2% |
| 2019 | 5,361 million USD | +0.7% |
| 2020 | 4,554 million USD | -15.1% |
| 2021 | 4,542 million USD | -0.3% |
| 2022 | 5,353 million USD | +17.8% |
| 2023 | 5,572 million USD | +4.1% |
| 2024 | 5,783 million USD | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,902 million USD | 2,645 million USD | 3,423 million USD | 10 |
| 1980s | 3,615 million USD | 3,331 million USD | 4,049 million USD | 10 |
| 1990s | 3,862 million USD | 3,499 million USD | 4,251 million USD | 10 |
| 2000s | 4,793 million USD | 4,335 million USD | 5,476 million USD | 10 |
| 2010s | 5,363 million USD | 5,288 million USD | 5,440 million USD | 10 |
| 2020s | 5,161 million USD | 4,542 million USD | 5,783 million USD | 5 |
Countries ranked near Barbados
- 154 Maldives 6,351 million USD compare
- 155 Cayman Islands 6,134 million USD compare
- 156 French Polynesia 6,091 million USD compare
- 158 Fiji 5,505 million USD compare
- 159 Montenegro 5,335 million USD compare
- 160 South Sudan 4,888 million USD 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)
- GDP (current US$), annual growth rate 5.51 % change on previous year (2025)
- GDP (current US$), per capita 28,365 current US$ per person (2025)
- GDP (current LCU), annual growth rate 5.51 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 2 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 56,730 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.7 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8114 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 23,014 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Barbados?
- Gross domestic product — value us$, 2015 prices in Barbados was 5,783 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Barbados?
- The highest recorded value was 5,783 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Barbados?
- The lowest recorded value was 2,645 million USD in 1970.
- How does Barbados rank for gross domestic product — value us$, 2015 prices?
- Barbados ranks 157th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Barbados?
- Over the last ten years it is up 8.4%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).