Gross Fixed Capital Formation — Value Standard Local Currency in Barbados
Barbados: Gross Fixed Capital Formation — Value Standard Local Currency was 2,264 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Barbados, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Barbados stood at 2,264 million SLC. That is the highest value across all 55 years on record.
The figure is up 4.4% on the previous year and up 29.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Barbados peaked at 2,264 million SLC in 2024 and was at its lowest, 84.11 million SLC, in 1971.
That places Barbados 194th out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Barbados, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 85.74 million SLC | — |
| 1971 | 84.11 million SLC | -1.9% |
| 1972 | 90.26 million SLC | +7.3% |
| 1973 | 112.06 million SLC | +24.1% |
| 1974 | 144.26 million SLC | +28.7% |
| 1975 | 141.27 million SLC | -2.1% |
| 1976 | 215.69 million SLC | +52.7% |
| 1977 | 219.42 million SLC | +1.7% |
| 1978 | 235.27 million SLC | +7.2% |
| 1979 | 278.72 million SLC | +18.5% |
| 1980 | 368.62 million SLC | +32.3% |
| 1981 | 482.94 million SLC | +31.0% |
| 1982 | 423.73 million SLC | -12.3% |
| 1983 | 387.08 million SLC | -8.6% |
| 1984 | 354.07 million SLC | -8.5% |
| 1985 | 339.71 million SLC | -4.1% |
| 1986 | 398.45 million SLC | +17.3% |
| 1987 | 428.85 million SLC | +7.6% |
| 1988 | 498.79 million SLC | +16.3% |
| 1989 | 601.65 million SLC | +20.6% |
| 1990 | 607.33 million SLC | +0.9% |
| 1991 | 514.23 million SLC | -15.3% |
| 1992 | 324.02 million SLC | -37.0% |
| 1993 | 383.92 million SLC | +18.5% |
| 1994 | 456.23 million SLC | +18.8% |
| 1995 | 520.03 million SLC | +14.0% |
| 1996 | 598.23 million SLC | +15.0% |
| 1997 | 770.24 million SLC | +28.8% |
| 1998 | 1,063 million SLC | +38.0% |
| 1999 | 1,129 million SLC | +6.2% |
| 2000 | 1,101 million SLC | -2.5% |
| 2001 | 999.36 million SLC | -9.2% |
| 2002 | 1,097 million SLC | +9.8% |
| 2003 | 1,178 million SLC | +7.4% |
| 2004 | 1,316 million SLC | +11.7% |
| 2005 | 1,436 million SLC | +9.1% |
| 2006 | 1,784 million SLC | +24.3% |
| 2007 | 1,871 million SLC | +4.8% |
| 2008 | 1,937 million SLC | +3.5% |
| 2009 | 1,639 million SLC | -15.4% |
| 2010 | 1,629 million SLC | -0.7% |
| 2011 | 1,801 million SLC | +10.6% |
| 2012 | 1,682 million SLC | -6.6% |
| 2013 | 1,747 million SLC | +3.8% |
| 2014 | 1,749 million SLC | +0.1% |
| 2015 | 1,761 million SLC | +0.7% |
| 2016 | 1,722 million SLC | -2.2% |
| 2017 | 1,699 million SLC | -1.3% |
| 2018 | 1,581 million SLC | -6.9% |
| 2019 | 1,652 million SLC | +4.5% |
| 2020 | 1,832 million SLC | +10.9% |
| 2021 | 1,802 million SLC | -1.6% |
| 2022 | 2,115 million SLC | +17.4% |
| 2023 | 2,170 million SLC | +2.6% |
| 2024 | 2,264 million SLC | +4.4% |
Barbados compared with similar countries
- Barbados's 2,264 million SLC is below the median for high income countries, which is 36,467 million SLC, 6% of the median. (73 countries reporting)
- Barbados's 2,264 million SLC is below the median for Latin America & Caribbean, which is 21,321 million SLC, 11% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 160.68 million SLC | 84.11 million SLC | 278.72 million SLC | 10 |
| 1980s | 428.39 million SLC | 339.71 million SLC | 601.65 million SLC | 10 |
| 1990s | 636.64 million SLC | 324.02 million SLC | 1,129 million SLC | 10 |
| 2000s | 1,436 million SLC | 999.36 million SLC | 1,937 million SLC | 10 |
| 2010s | 1,702 million SLC | 1,581 million SLC | 1,801 million SLC | 10 |
| 2020s | 2,037 million SLC | 1,802 million SLC | 2,264 million SLC | 5 |
Countries ranked near Barbados
- 191 Eritrea 2,623 million SLC compare
- 192 Netherlands Antilles (former) 2,504 million SLC compare
- 193 Monaco 2,281 million SLC compare
- 195 Antigua and Barbuda 2,195 million SLC compare
- 196 Fiji 2,186 million SLC compare
- 197 Liechtenstein 1,912 million SLC 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)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0583 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Barbados?
- Gross fixed capital formation — value standard local currency in Barbados was 2,264 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Barbados?
- The highest recorded value was 2,264 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Barbados?
- The lowest recorded value was 84.11 million SLC in 1971.
- How does Barbados rank for gross fixed capital formation — value standard local currency?
- Barbados ranks 194th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Barbados?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is volatile.
- 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 — Value Standard Local Currency. 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).