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$, in 1987.
That places Caribbean Small States 33rd out of 35 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 29.45 billion constant 2015 US$ | 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
- Services, value added 2.5% (2024)
- Services, value added 47.22 billion current US$ (2024)
- Services, value added 41.90 billion constant 2015 US$ (2024)
- Foreign direct investment, net inflows 11.4% (2024)
- Foreign direct investment, net inflows 2.08 billion BoP, current US$ (2025)
- Inflation, GDP deflator 2.6% (2025)
- GDP 95.14 billion current US$ (2025)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- Industry (including construction), value added 37.0% (2024)
- Services, value added 52.2% (2024)
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 35 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
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.