Gross value added at basic prices (GVA) in Caribbean Small States
Caribbean Small States: Gross value added at basic prices (GVA) was 78.02 billion constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Caribbean Small States, 1984–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Caribbean Small States stood at 78.02 billion constant 2015 US$. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 13.5% on the previous year and up 35.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Caribbean Small States peaked at 78.02 billion constant 2015 US$ in 2024 and was at its lowest, 29.07 billion constant 2015 US$, in 1987.
That places Caribbean Small States 33rd out of 34 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Gross value added at basic prices (GVA) in Caribbean Small States, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1984 | 29.57 billion constant 2015 US$ | — |
| 1985 | 29.33 billion constant 2015 US$ | -0.8% |
| 1986 | 29.46 billion constant 2015 US$ | +0.5% |
| 1987 | 29.07 billion constant 2015 US$ | -1.3% |
| 1988 | 29.43 billion constant 2015 US$ | +1.2% |
| 1989 | 29.81 billion constant 2015 US$ | +1.3% |
| 1990 | 29.82 billion constant 2015 US$ | +0.0% |
| 1991 | 29.23 billion constant 2015 US$ | -2.0% |
| 1992 | 29.39 billion constant 2015 US$ | +0.6% |
| 1993 | 29.61 billion constant 2015 US$ | +0.7% |
| 1994 | 30.55 billion constant 2015 US$ | +3.2% |
| 1995 | 30.30 billion constant 2015 US$ | -0.8% |
| 1996 | 31.73 billion constant 2015 US$ | +4.7% |
| 1997 | 32.16 billion constant 2015 US$ | +1.4% |
| 1998 | 33.57 billion constant 2015 US$ | +4.4% |
| 1999 | 35.49 billion constant 2015 US$ | +5.7% |
| 2000 | 37.25 billion constant 2015 US$ | +5.0% |
| 2001 | 38.09 billion constant 2015 US$ | +2.3% |
| 2002 | 39.63 billion constant 2015 US$ | +4.0% |
| 2003 | 42.25 billion constant 2015 US$ | +6.6% |
| 2004 | 44.83 billion constant 2015 US$ | +6.1% |
| 2005 | 46.60 billion constant 2015 US$ | +3.9% |
| 2006 | 51.87 billion constant 2015 US$ | +11.3% |
| 2007 | 53.90 billion constant 2015 US$ | +3.9% |
| 2008 | 54.94 billion constant 2015 US$ | +1.9% |
| 2009 | 52.33 billion constant 2015 US$ | -4.7% |
| 2010 | 53.04 billion constant 2015 US$ | +1.4% |
| 2011 | 53.62 billion constant 2015 US$ | +1.1% |
| 2012 | 54.93 billion constant 2015 US$ | +2.4% |
| 2013 | 55.95 billion constant 2015 US$ | +1.9% |
| 2014 | 57.74 billion constant 2015 US$ | +3.2% |
| 2015 | 57.54 billion constant 2015 US$ | -0.3% |
| 2016 | 56.12 billion constant 2015 US$ | -2.5% |
| 2017 | 55.44 billion constant 2015 US$ | -1.2% |
| 2018 | 55.96 billion constant 2015 US$ | +0.9% |
| 2019 | 56.79 billion constant 2015 US$ | +1.5% |
| 2020 | 51.88 billion constant 2015 US$ | -8.6% |
| 2021 | 54.84 billion constant 2015 US$ | +5.7% |
| 2022 | 63.43 billion constant 2015 US$ | +15.7% |
| 2023 | 68.73 billion constant 2015 US$ | +8.3% |
| 2024 | 78.02 billion constant 2015 US$ | +13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 29.45 billion constant 2015 US$ | 29.07 billion constant 2015 US$ | 29.81 billion constant 2015 US$ | 6 |
| 1990s | 31.19 billion constant 2015 US$ | 29.23 billion constant 2015 US$ | 35.49 billion constant 2015 US$ | 10 |
| 2000s | 46.17 billion constant 2015 US$ | 37.25 billion constant 2015 US$ | 54.94 billion constant 2015 US$ | 10 |
| 2010s | 55.71 billion constant 2015 US$ | 53.04 billion constant 2015 US$ | 57.74 billion constant 2015 US$ | 10 |
| 2020s | 63.38 billion constant 2015 US$ | 51.88 billion constant 2015 US$ | 78.02 billion constant 2015 US$ | 5 |
Countries ranked near Caribbean Small States
- 30 Malaysia 438.62 billion constant 2015 US$ compare
- 31 Norway 422.33 billion constant 2015 US$ compare
- 32 Singapore 409.51 billion constant 2015 US$ compare
- 33 Vietnam 403.05 billion constant 2015 US$ compare
- 34 Pakistan 400.78 billion constant 2015 US$ compare
- 35 Austria 378.73 billion constant 2015 US$ compare
- 36 Israel 374.02 billion constant 2015 US$ compare
More economy & growth data for Caribbean Small States
- GDP per capita 20,053 constant 2015 US$ (2025)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- GDP 95.14 billion current US$ (2025)
- GDP 91.37 billion constant 2015 US$ (2025)
- Industry (including construction), value added (current US$), per 0.3699 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 7,369 current US$ per person (2024)
- GDP per capita 20,880 current US$ (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3684 constant 2015 US$ per US$ of GDP (2024)
- GNI 87.32 billion current US$ (2025)
- GNI, Atlas method 88.41 billion current US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Caribbean Small States?
- Gross value added at basic prices (gva) in Caribbean Small States was 78.02 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Caribbean Small States?
- The highest recorded value was 78.02 billion constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Caribbean Small States?
- The lowest recorded value was 29.07 billion constant 2015 US$ in 1987.
- How does Caribbean Small States rank for gross value added at basic prices (gva)?
- Caribbean Small States ranks 33rd out of 34 groups with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Caribbean Small States?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.