Gross value added at basic prices (GVA) in Caribbean Small States
Caribbean Small States: Gross value added at basic prices (GVA) was 83.57 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Caribbean Small States, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Caribbean Small States stood at 83.57 billion current US$. That is the highest value across all 50 years on record.
The figure is up 13.3% on the previous year and up 39.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Caribbean Small States peaked at 83.57 billion current US$ in 2024 and was at its lowest, 4.79 billion current US$, in 1975.
That places Caribbean Small States 37th out of 38 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Caribbean Small States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 4.79 billion current US$ | — |
| 1976 | 4.96 billion current US$ | +3.7% |
| 1977 | 6.06 billion current US$ | +22.1% |
| 1978 | 6.88 billion current US$ | +13.6% |
| 1979 | 8.52 billion current US$ | +23.8% |
| 1980 | 10.93 billion current US$ | +28.2% |
| 1981 | 11.97 billion current US$ | +9.6% |
| 1982 | 13.40 billion current US$ | +11.9% |
| 1983 | 13.19 billion current US$ | -1.5% |
| 1984 | 13.58 billion current US$ | +3.0% |
| 1985 | 13.59 billion current US$ | +0.0% |
| 1986 | 11.13 billion current US$ | -18.1% |
| 1987 | 11.60 billion current US$ | +4.2% |
| 1988 | 11.77 billion current US$ | +1.5% |
| 1989 | 11.06 billion current US$ | -6.0% |
| 1990 | 12.33 billion current US$ | +11.6% |
| 1991 | 12.60 billion current US$ | +2.2% |
| 1992 | 12.91 billion current US$ | +2.4% |
| 1993 | 12.37 billion current US$ | -4.2% |
| 1994 | 13.21 billion current US$ | +6.8% |
| 1995 | 14.02 billion current US$ | +6.2% |
| 1996 | 15.12 billion current US$ | +7.8% |
| 1997 | 18.34 billion current US$ | +21.3% |
| 1998 | 19.53 billion current US$ | +6.5% |
| 1999 | 21.45 billion current US$ | +9.9% |
| 2000 | 23.66 billion current US$ | +10.3% |
| 2001 | 24.67 billion current US$ | +4.2% |
| 2002 | 25.86 billion current US$ | +4.9% |
| 2003 | 28.71 billion current US$ | +11.0% |
| 2004 | 31.58 billion current US$ | +10.0% |
| 2005 | 36.09 billion current US$ | +14.3% |
| 2006 | 41.79 billion current US$ | +15.8% |
| 2007 | 46.90 billion current US$ | +12.2% |
| 2008 | 54.41 billion current US$ | +16.0% |
| 2009 | 45.41 billion current US$ | -16.6% |
| 2010 | 50.22 billion current US$ | +10.6% |
| 2011 | 54.11 billion current US$ | +7.7% |
| 2012 | 55.97 billion current US$ | +3.4% |
| 2013 | 58.05 billion current US$ | +3.7% |
| 2014 | 60.05 billion current US$ | +3.4% |
| 2015 | 57.54 billion current US$ | -4.2% |
| 2016 | 53.64 billion current US$ | -6.8% |
| 2017 | 55.22 billion current US$ | +2.9% |
| 2018 | 56.16 billion current US$ | +1.7% |
| 2019 | 57.02 billion current US$ | +1.5% |
| 2020 | 49.01 billion current US$ | -14.0% |
| 2021 | 57.69 billion current US$ | +17.7% |
| 2022 | 73.62 billion current US$ | +27.6% |
| 2023 | 73.76 billion current US$ | +0.2% |
| 2024 | 83.57 billion current US$ | +13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.24 billion current US$ | 4.79 billion current US$ | 8.52 billion current US$ | 5 |
| 1980s | 12.22 billion current US$ | 10.93 billion current US$ | 13.59 billion current US$ | 10 |
| 1990s | 15.19 billion current US$ | 12.33 billion current US$ | 21.45 billion current US$ | 10 |
| 2000s | 35.91 billion current US$ | 23.66 billion current US$ | 54.41 billion current US$ | 10 |
| 2010s | 55.80 billion current US$ | 50.22 billion current US$ | 60.05 billion current US$ | 10 |
| 2020s | 67.53 billion current US$ | 49.01 billion current US$ | 83.57 billion current US$ | 5 |
Countries ranked near Caribbean Small States
- 34 Bangladesh 445.31 billion current US$ compare
- 35 Colombia 412.64 billion current US$ compare
- 36 Denmark 410.13 billion current US$ compare
- 37 Hong Kong 398.80 billion current US$ compare
- 38 Romania 386.20 billion current US$ compare
- 39 South Africa 384.40 billion current US$ compare
- 40 Pakistan 382.92 billion current 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) 78.02 billion constant 2015 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 83.57 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Caribbean Small States?
- The highest recorded value was 83.57 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Caribbean Small States?
- The lowest recorded value was 4.79 billion current US$ in 1975.
- How does Caribbean Small States rank for gross value added at basic prices (gva)?
- Caribbean Small States ranks 37th out of 38 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 39.2%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.