Gross Domestic Product — Value US$ in Caribbean
Caribbean: Gross Domestic Product — Value US$ was 592,877 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Caribbean, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Caribbean recorded 592,877 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 71.7% over ten years.
Over the whole period, gross domestic product — value us$ in Caribbean peaked at 592,877 million USD in 2024 and was at its lowest, 17,332 million USD, in 1970.
That places Caribbean 30th out of 236 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Caribbean, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 17,332 million USD | — |
| 1971 | 19,806 million USD | +14.3% |
| 1972 | 22,945 million USD | +15.8% |
| 1973 | 26,628 million USD | +16.1% |
| 1974 | 31,398 million USD | +17.9% |
| 1975 | 35,692 million USD | +13.7% |
| 1976 | 38,353 million USD | +7.5% |
| 1977 | 41,928 million USD | +9.3% |
| 1978 | 47,288 million USD | +12.8% |
| 1979 | 53,299 million USD | +12.7% |
| 1980 | 60,036 million USD | +12.6% |
| 1981 | 64,313 million USD | +7.1% |
| 1982 | 69,056 million USD | +7.4% |
| 1983 | 72,442 million USD | +4.9% |
| 1984 | 77,562 million USD | +7.1% |
| 1985 | 70,308 million USD | -9.4% |
| 1986 | 73,658 million USD | +4.8% |
| 1987 | 77,362 million USD | +5.0% |
| 1988 | 82,678 million USD | +6.9% |
| 1989 | 89,017 million USD | +7.7% |
| 1990 | 96,511 million USD | +8.4% |
| 1991 | 94,382 million USD | -2.2% |
| 1992 | 95,389 million USD | +1.1% |
| 1993 | 100,133 million USD | +5.0% |
| 1994 | 112,599 million USD | +12.4% |
| 1995 | 122,749 million USD | +9.0% |
| 1996 | 124,948 million USD | +1.8% |
| 1997 | 132,828 million USD | +6.3% |
| 1998 | 144,564 million USD | +8.8% |
| 1999 | 154,719 million USD | +7.0% |
| 2000 | 165,180 million USD | +6.8% |
| 2001 | 176,486 million USD | +6.8% |
| 2002 | 183,551 million USD | +4.0% |
| 2003 | 185,169 million USD | +0.9% |
| 2004 | 198,411 million USD | +7.2% |
| 2005 | 229,881 million USD | +15.9% |
| 2006 | 251,315 million USD | +9.3% |
| 2007 | 274,254 million USD | +9.1% |
| 2008 | 294,407 million USD | +7.3% |
| 2009 | 287,247 million USD | -2.4% |
| 2010 | 302,377 million USD | +5.3% |
| 2011 | 319,952 million USD | +5.8% |
| 2012 | 329,876 million USD | +3.1% |
| 2013 | 335,266 million USD | +1.6% |
| 2014 | 345,398 million USD | +3.0% |
| 2015 | 355,180 million USD | +2.8% |
| 2016 | 361,535 million USD | +1.8% |
| 2017 | 374,303 million USD | +3.5% |
| 2018 | 383,557 million USD | +2.5% |
| 2019 | 394,430 million USD | +2.8% |
| 2020 | 376,608 million USD | -4.5% |
| 2021 | 424,776 million USD | +12.8% |
| 2022 | 483,670 million USD | +13.9% |
| 2023 | 554,864 million USD | +14.7% |
| 2024 | 592,877 million USD | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 33,467 million USD | 17,332 million USD | 53,299 million USD | 10 |
| 1980s | 73,643 million USD | 60,036 million USD | 89,017 million USD | 10 |
| 1990s | 117,882 million USD | 94,382 million USD | 154,719 million USD | 10 |
| 2000s | 224,590 million USD | 165,180 million USD | 294,407 million USD | 10 |
| 2010s | 350,187 million USD | 302,377 million USD | 394,430 million USD | 10 |
| 2020s | 486,559 million USD | 376,608 million USD | 592,877 million USD | 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 — 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$ in Caribbean?
- Gross domestic product — value us$ in Caribbean was 592,877 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Caribbean?
- The highest recorded value was 592,877 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Caribbean?
- The lowest recorded value was 17,332 million USD in 1970.
- How does Caribbean rank for gross domestic product — value us$?
- Caribbean ranks 30th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Caribbean?
- Over the last ten years it is up 71.7%. The long-run trend across the full record is volatile.
- Where does this Caribbean data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).