Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Barbados
Barbados: Gross Fixed Capital Formation — Share of GDP Standard Local Currency was 15.93 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Barbados, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Barbados recorded 15.93 % for gross fixed capital formation — share of gdp standard local currency in 2024.
The figure is down 1.3% on the previous year and down 2.2% over ten years.
Over the whole period, gross fixed capital formation — share of gdp standard local currency in Barbados peaked at 20.2 % in 2002 and was at its lowest, 7.33 %, in 1992.
That places Barbados 163rd out of 194 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 Fixed Capital Formation — Share of GDP Standard Local Currency in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 13.85 % | — |
| 1971 | 11.46 % | -17.3% |
| 1972 | 11.56 % | +0.8% |
| 1973 | 11.24 % | -2.8% |
| 1974 | 13.35 % | +18.8% |
| 1975 | 12.72 % | -4.7% |
| 1976 | 16.54 % | +30.0% |
| 1977 | 13.47 % | -18.5% |
| 1978 | 15.75 % | +16.9% |
| 1979 | 14 % | -11.1% |
| 1980 | 14.43 % | +3.0% |
| 1981 | 17.17 % | +19.0% |
| 1982 | 14.42 % | -16.0% |
| 1983 | 12.41 % | -14.0% |
| 1984 | 10.41 % | -16.1% |
| 1985 | 9.55 % | -8.3% |
| 1986 | 10.2 % | +6.8% |
| 1987 | 10.44 % | +2.4% |
| 1988 | 11.07 % | +6.0% |
| 1989 | 12.02 % | +8.5% |
| 1990 | 11.62 % | -3.3% |
| 1991 | 12.15 % | +4.5% |
| 1992 | 7.33 % | -39.7% |
| 1993 | 9.13 % | +24.6% |
| 1994 | 11.86 % | +29.9% |
| 1995 | 11.1 % | -6.4% |
| 1996 | 11.53 % | +3.9% |
| 1997 | 16.51 % | +43.2% |
| 1998 | 18.92 % | +14.5% |
| 1999 | 18.03 % | -4.7% |
| 2000 | 16.46 % | -8.7% |
| 2001 | 16.28 % | -1.1% |
| 2002 | 20.2 % | +24.1% |
| 2003 | 15.07 % | -25.4% |
| 2004 | 15.63 % | +3.7% |
| 2005 | 15.53 % | -0.6% |
| 2006 | 18.51 % | +19.2% |
| 2007 | 15.46 % | -16.5% |
| 2008 | 14.76 % | -4.5% |
| 2009 | 12.48 % | -15.5% |
| 2010 | 15.69 % | +25.7% |
| 2011 | 16.86 % | +7.4% |
| 2012 | 15.96 % | -5.3% |
| 2013 | 16.29 % | +2.1% |
| 2014 | 16.29 % | +0.0% |
| 2015 | 16.65 % | +2.2% |
| 2016 | 16.15 % | -3.0% |
| 2017 | 15.4 % | -4.7% |
| 2018 | 14.04 % | -8.8% |
| 2019 | 14.27 % | +1.6% |
| 2020 | 17.72 % | +24.2% |
| 2021 | 17.08 % | -3.6% |
| 2022 | 16.9 % | -1.0% |
| 2023 | 16.14 % | -4.5% |
| 2024 | 15.93 % | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.39 % | 11.24 % | 16.54 % | 10 |
| 1980s | 12.21 % | 9.55 % | 17.17 % | 10 |
| 1990s | 12.82 % | 7.33 % | 18.92 % | 10 |
| 2000s | 16.04 % | 12.48 % | 20.2 % | 10 |
| 2010s | 15.76 % | 14.04 % | 16.86 % | 10 |
| 2020s | 16.75 % | 15.93 % | 17.72 % | 5 |
Countries ranked near Barbados
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)
- Total reserves minus gold (current US$), annual growth rate 2.97 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.2177 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 5,854 current US$ per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0311 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 836.37 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0122 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp standard local currency in Barbados?
- Gross fixed capital formation — share of gdp standard local currency in Barbados was 15.93 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp standard local currency recorded in Barbados?
- The highest recorded value was 20.2 % in 2002.
- What is the lowest gross fixed capital formation — share of gdp standard local currency recorded in Barbados?
- The lowest recorded value was 7.33 % in 1992.
- How does Barbados rank for gross fixed capital formation — share of gdp standard local currency?
- Barbados ranks 163rd out of 194 countries with data for 2024.
- Is gross fixed capital formation — share of gdp standard local currency rising or falling in Barbados?
- Over the last ten years it is down 2.2%. 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 Fixed Capital Formation — Share of GDP Standard Local Currency, 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).