Industry (including construction), value added in Caribbean Small States
Caribbean Small States: Industry (including construction), value added was 30.8% in 2024. ◆ Volatile
Industry (including construction), value added in Caribbean Small States, 1985–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, industry (including construction), value added in Caribbean Small States stood at 30.8%.
That represents a change of up 72.3% on the previous year and up 17,307.9% over ten years.
Over the whole period, industry (including construction), value added in Caribbean Small States peaked at 31.0% in 2022 and was at its lowest, -5.0%, in 1987.
Caribbean Small States ranks 1st of 43 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Caribbean Small States, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1985 | -2.7% | — |
| 1986 | 0.3% | -112.3% |
| 1987 | -5.0% | -1623.3% |
| 1988 | 8.3% | -264.8% |
| 1989 | 0.5% | -93.8% |
| 1990 | 0.3% | -44.0% |
| 1991 | 1.8% | +518.9% |
| 1992 | -2.4% | -236.3% |
| 1993 | -3.3% | +35.5% |
| 1994 | 6.0% | -283.3% |
| 1995 | -2.3% | -139.1% |
| 1996 | 6.4% | -373.1% |
| 1997 | 6.2% | -3.9% |
| 1998 | 6.4% | +4.7% |
| 1999 | 5.0% | -22.7% |
| 2000 | 9.1% | +82.6% |
| 2001 | 2.8% | -68.7% |
| 2002 | 5.0% | +76.1% |
| 2003 | 15.9% | +217.8% |
| 2004 | 6.1% | -61.5% |
| 2005 | 9.3% | +50.7% |
| 2006 | 12.9% | +39.0% |
| 2007 | 1.9% | -85.1% |
| 2008 | 2.6% | +32.6% |
| 2009 | -3.8% | -248.3% |
| 2010 | -0.9% | -74.9% |
| 2011 | -1.3% | +41.2% |
| 2012 | -2.3% | +70.7% |
| 2013 | 1.5% | -163.9% |
| 2014 | -0.2% | -112.2% |
| 2015 | -0.9% | +394.6% |
| 2016 | -2.5% | +182.3% |
| 2017 | -0.3% | -88.1% |
| 2018 | -1.2% | +296.5% |
| 2019 | -1.1% | -6.6% |
| 2020 | 3.4% | -410.0% |
| 2021 | 8.5% | +147.6% |
| 2022 | 31.0% | +265.5% |
| 2023 | 17.9% | -42.4% |
| 2024 | 30.8% | +72.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3% | -5.0% | 8.3% | 5 |
| 1990s | 2.4% | -3.3% | 6.4% | 10 |
| 2000s | 6.2% | -3.8% | 15.9% | 10 |
| 2010s | -0.9% | -2.5% | 1.5% | 10 |
| 2020s | 18.3% | 3.4% | 31.0% | 5 |
Countries ranked near Caribbean Small States
More economy & growth data for Caribbean Small States
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Services, value added 2.5% (2024)
- Services, value added 52.2% (2024)
- Inflation, GDP deflator 2.6% (2025)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- GDP 91.37 billion constant 2015 US$ (2025)
- GDP per capita 20,880 current US$ (2025)
- GDP growth 8.0% (2025)
- Trade in services 35.2% (2023)
- GDP 95.14 billion current US$ (2025)
Frequently asked questions
- What is industry (including construction), value added in Caribbean Small States?
- Industry (including construction), value added in Caribbean Small States was 30.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Caribbean Small States?
- The highest recorded value was 31.0% in 2022.
- What is the lowest industry (including construction), value added recorded in Caribbean Small States?
- The lowest recorded value was -5.0% in 1987.
- How does Caribbean Small States rank for industry (including construction), value added?
- Caribbean Small States ranks 1st out of 43 groups with data for 2024.
- Is industry (including construction), value added rising or falling in Caribbean Small States?
- Over the last ten years it is up 17,307.9%. 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 Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.