Gross Domestic Product — Value US$, annual growth rate in Caribbean
Caribbean: Gross Domestic Product — Value US$, annual growth rate was 6.85 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Caribbean, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Caribbean recorded 6.85 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
That represents a change of down 53.5% on the previous year and up 126.7% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Caribbean peaked at 17.91 % change on previous year in 1974 and was at its lowest, -9.35 % change on previous year, in 1985.
Caribbean ranks 86th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Caribbean, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.28 % change on previous year | — |
| 1972 | 15.85 % change on previous year | +11.0% |
| 1973 | 16.05 % change on previous year | +1.3% |
| 1974 | 17.91 % change on previous year | +11.6% |
| 1975 | 13.68 % change on previous year | -23.6% |
| 1976 | 7.45 % change on previous year | -45.5% |
| 1977 | 9.32 % change on previous year | +25.1% |
| 1978 | 12.78 % change on previous year | +37.1% |
| 1979 | 12.71 % change on previous year | -0.6% |
| 1980 | 12.64 % change on previous year | -0.6% |
| 1981 | 7.12 % change on previous year | -43.6% |
| 1982 | 7.38 % change on previous year | +3.5% |
| 1983 | 4.9 % change on previous year | -33.5% |
| 1984 | 7.07 % change on previous year | +44.2% |
| 1985 | -9.35 % change on previous year | -232.3% |
| 1986 | 4.77 % change on previous year | -151.0% |
| 1987 | 5.03 % change on previous year | +5.5% |
| 1988 | 6.87 % change on previous year | +36.7% |
| 1989 | 7.67 % change on previous year | +11.6% |
| 1990 | 8.42 % change on previous year | +9.8% |
| 1991 | -2.21 % change on previous year | -126.2% |
| 1992 | 1.07 % change on previous year | -148.4% |
| 1993 | 4.97 % change on previous year | +365.8% |
| 1994 | 12.45 % change on previous year | +150.3% |
| 1995 | 9.01 % change on previous year | -27.6% |
| 1996 | 1.79 % change on previous year | -80.1% |
| 1997 | 6.31 % change on previous year | +252.0% |
| 1998 | 8.84 % change on previous year | +40.1% |
| 1999 | 7.02 % change on previous year | -20.5% |
| 2000 | 6.76 % change on previous year | -3.7% |
| 2001 | 6.84 % change on previous year | +1.2% |
| 2002 | 4 % change on previous year | -41.5% |
| 2003 | 0.8815 % change on previous year | -78.0% |
| 2004 | 7.15 % change on previous year | +711.3% |
| 2005 | 15.86 % change on previous year | +121.8% |
| 2006 | 9.32 % change on previous year | -41.2% |
| 2007 | 9.13 % change on previous year | -2.1% |
| 2008 | 7.35 % change on previous year | -19.5% |
| 2009 | -2.43 % change on previous year | -133.1% |
| 2010 | 5.27 % change on previous year | -316.6% |
| 2011 | 5.81 % change on previous year | +10.3% |
| 2012 | 3.1 % change on previous year | -46.6% |
| 2013 | 1.63 % change on previous year | -47.3% |
| 2014 | 3.02 % change on previous year | +85.0% |
| 2015 | 2.83 % change on previous year | -6.3% |
| 2016 | 1.79 % change on previous year | -36.8% |
| 2017 | 3.53 % change on previous year | +97.4% |
| 2018 | 2.47 % change on previous year | -30.0% |
| 2019 | 2.83 % change on previous year | +14.7% |
| 2020 | -4.52 % change on previous year | -259.4% |
| 2021 | 12.79 % change on previous year | -383.1% |
| 2022 | 13.86 % change on previous year | +8.4% |
| 2023 | 14.72 % change on previous year | +6.2% |
| 2024 | 6.85 % change on previous year | -53.5% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate 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 |
|---|---|---|---|
| 2004 | +711.3% | 0.8815 % change on previous year | 7.15 % change on previous year |
| 2021 | +383.1% | -4.52 % change on previous year | 12.79 % change on previous year |
| 1993 | +365.8% | 1.07 % change on previous year | 4.97 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.34 % change on previous year | 7.45 % change on previous year | 17.91 % change on previous year | 9 |
| 1980s | 5.41 % change on previous year | -9.35 % change on previous year | 12.64 % change on previous year | 10 |
| 1990s | 5.77 % change on previous year | -2.21 % change on previous year | 12.45 % change on previous year | 10 |
| 2000s | 6.49 % change on previous year | -2.43 % change on previous year | 15.86 % change on previous year | 10 |
| 2010s | 3.23 % change on previous year | 1.63 % change on previous year | 5.81 % change on previous year | 10 |
| 2020s | 8.74 % change on previous year | -4.52 % change on previous year | 14.72 % change on previous year | 5 |
Countries ranked near Caribbean
- 83 Armenia 7.06 % change on previous year compare
- 84 Mozambique 6.98 % change on previous year compare
- 85 Morocco 6.92 % change on previous year compare
- 87 China, Hong Kong SAR 6.83 % change on previous year compare
- 88 Andorra 6.73 % change on previous year compare
- 89 Kiribati 6.67 % change on previous year compare
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.59 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.07 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 6.36 % (2024)
- Gross Domestic Product — Annual growth US$ 6.85 % (2024)
- Gross Domestic Product — Value US$ per capita 13,606 USD (2024)
- Gross Domestic Product — Value US$ 592,877 million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 8,773 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Caribbean?
- Gross domestic product — value us$, annual growth rate in Caribbean was 6.85 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Caribbean?
- The highest recorded value was 17.91 % change on previous year in 1974.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Caribbean?
- The lowest recorded value was -9.35 % change on previous year in 1985.
- How does Caribbean rank for gross domestic product — value us$, annual growth rate?
- Caribbean ranks 86th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Caribbean?
- Over the last ten years it is up 126.7%. The long-run trend across the full record is volatile.
- Where does this Caribbean data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.