Industry (including construction), value added in Barbados
Barbados: Industry (including construction), value added was 766.32 million constant 2015 US$ in 2024. ▼ Falling
Industry (including construction), value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for industry (including construction), value added in Barbados is 766.32 million constant 2015 US$, measured in 2024.
The figure is up 5.1% on the previous year and up 1.8% over ten years.
Over the whole period, industry (including construction), value added in Barbados peaked at 1.02 billion constant 2015 US$ in 2008 and was at its lowest, 676.36 million constant 2015 US$, in 1975.
That places Barbados 158th out of 196 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Industry (including construction), value added in Barbados, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1975 | 676.36 million constant 2015 US$ | — |
| 1976 | 781.34 million constant 2015 US$ | +15.5% |
| 1977 | 769.76 million constant 2015 US$ | -1.5% |
| 1978 | 841.13 million constant 2015 US$ | +9.3% |
| 1979 | 885.60 million constant 2015 US$ | +5.3% |
| 1980 | 919.69 million constant 2015 US$ | +3.8% |
| 1981 | 906.83 million constant 2015 US$ | -1.4% |
| 1982 | 844.73 million constant 2015 US$ | -6.8% |
| 1983 | 866.41 million constant 2015 US$ | +2.6% |
| 1984 | 881.78 million constant 2015 US$ | +1.8% |
| 1985 | 827.66 million constant 2015 US$ | -6.1% |
| 1986 | 875.88 million constant 2015 US$ | +5.8% |
| 1987 | 856.47 million constant 2015 US$ | -2.2% |
| 1988 | 917.78 million constant 2015 US$ | +7.2% |
| 1989 | 971.18 million constant 2015 US$ | +5.8% |
| 1990 | 926.51 million constant 2015 US$ | -4.6% |
| 1991 | 880.97 million constant 2015 US$ | -4.9% |
| 1992 | 769.62 million constant 2015 US$ | -12.6% |
| 1993 | 780.19 million constant 2015 US$ | +1.4% |
| 1994 | 785.89 million constant 2015 US$ | +0.7% |
| 1995 | 835.08 million constant 2015 US$ | +6.3% |
| 1996 | 882.35 million constant 2015 US$ | +5.7% |
| 1997 | 946.10 million constant 2015 US$ | +7.2% |
| 1998 | 886.23 million constant 2015 US$ | -6.3% |
| 1999 | 897.45 million constant 2015 US$ | +1.3% |
| 2000 | 890.72 million constant 2015 US$ | -0.7% |
| 2001 | 873.87 million constant 2015 US$ | -1.9% |
| 2002 | 910.43 million constant 2015 US$ | +4.2% |
| 2003 | 906.11 million constant 2015 US$ | -0.5% |
| 2004 | 929.23 million constant 2015 US$ | +2.6% |
| 2005 | 994.69 million constant 2015 US$ | +7.0% |
| 2006 | 956.41 million constant 2015 US$ | -3.8% |
| 2007 | 955.43 million constant 2015 US$ | -0.1% |
| 2008 | 1.02 billion constant 2015 US$ | +6.5% |
| 2009 | 866.48 million constant 2015 US$ | -14.8% |
| 2010 | 779.59 million constant 2015 US$ | -10.0% |
| 2011 | 773.84 million constant 2015 US$ | -0.7% |
| 2012 | 763.38 million constant 2015 US$ | -1.4% |
| 2013 | 755.25 million constant 2015 US$ | -1.1% |
| 2014 | 753.05 million constant 2015 US$ | -0.3% |
| 2015 | 775.56 million constant 2015 US$ | +3.0% |
| 2016 | 769.16 million constant 2015 US$ | -0.8% |
| 2017 | 775.17 million constant 2015 US$ | +0.8% |
| 2018 | 743.22 million constant 2015 US$ | -4.1% |
| 2019 | 744.00 million constant 2015 US$ | +0.1% |
| 2020 | 703.56 million constant 2015 US$ | -5.4% |
| 2021 | 705.88 million constant 2015 US$ | +0.3% |
| 2022 | 759.47 million constant 2015 US$ | +7.6% |
| 2023 | 729.14 million constant 2015 US$ | -4.0% |
| 2024 | 766.32 million constant 2015 US$ | +5.1% |
Barbados compared with similar countries
- Barbados's 766.32 million constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 3% of the median. (69 countries reporting)
- Barbados's 766.32 million constant 2015 US$ is below the median for Latin America & Caribbean, which is 6.95 billion constant 2015 US$, 11% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 790.84 million constant 2015 US$ | 676.36 million constant 2015 US$ | 885.60 million constant 2015 US$ | 5 |
| 1980s | 886.84 million constant 2015 US$ | 827.66 million constant 2015 US$ | 971.18 million constant 2015 US$ | 10 |
| 1990s | 859.04 million constant 2015 US$ | 769.62 million constant 2015 US$ | 946.10 million constant 2015 US$ | 10 |
| 2000s | 930.07 million constant 2015 US$ | 866.48 million constant 2015 US$ | 1.02 billion constant 2015 US$ | 10 |
| 2010s | 763.22 million constant 2015 US$ | 743.22 million constant 2015 US$ | 779.59 million constant 2015 US$ | 10 |
| 2020s | 732.87 million constant 2015 US$ | 703.56 million constant 2015 US$ | 766.32 million constant 2015 US$ | 5 |
Countries ranked near Barbados
- 155 Suriname 1.13 billion constant 2015 US$ compare
- 156 Bhutan 977.37 million constant 2015 US$ compare
- 157 Liberia 871.67 million constant 2015 US$ compare
- 159 Fiji 737.47 million constant 2015 US$ compare
- 160 Montenegro 696.85 million constant 2015 US$ compare
- 161 Djibouti 686.79 million constant 2015 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Barbados?
- Industry (including construction), value added in Barbados was 766.32 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Barbados?
- The highest recorded value was 1.02 billion constant 2015 US$ in 2008.
- What is the lowest industry (including construction), value added recorded in Barbados?
- The lowest recorded value was 676.36 million constant 2015 US$ in 1975.
- How does Barbados rank for industry (including construction), value added?
- Barbados ranks 158th out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Barbados?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant 2015 US$). 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 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.