Industry (including construction), value added in Barbados
Barbados: Industry (including construction), value added was 1.85 billion current LCU in 2024. ◆ Volatile
Industry (including construction), value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Barbados is 1.85 billion current LCU, measured in 2024. That is the highest value across all 50 years on record.
The figure is up 4.5% on the previous year and up 20.4% over ten years.
Over the whole period, industry (including construction), value added in Barbados peaked at 1.85 billion current LCU in 2024 and was at its lowest, 130.10 million current LCU, in 1975.
That places Barbados 178th out of 209 countries 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.
Industry (including construction), value added in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | 130.10 million current LCU | — |
| 1976 | 153.85 million current LCU | +18.2% |
| 1977 | 181.18 million current LCU | +17.8% |
| 1978 | 210.10 million current LCU | +16.0% |
| 1979 | 252.00 million current LCU | +19.9% |
| 1980 | 346.30 million current LCU | +37.4% |
| 1981 | 379.75 million current LCU | +9.7% |
| 1982 | 388.50 million current LCU | +2.3% |
| 1983 | 440.40 million current LCU | +13.4% |
| 1984 | 493.20 million current LCU | +12.0% |
| 1985 | 450.40 million current LCU | -8.7% |
| 1986 | 449.80 million current LCU | -0.1% |
| 1987 | 467.00 million current LCU | +3.8% |
| 1988 | 512.40 million current LCU | +9.7% |
| 1989 | 539.10 million current LCU | +5.2% |
| 1990 | 757.00 million current LCU | +40.4% |
| 1991 | 706.90 million current LCU | -6.6% |
| 1992 | 596.90 million current LCU | -15.6% |
| 1993 | 606.40 million current LCU | +1.6% |
| 1994 | 621.20 million current LCU | +2.4% |
| 1995 | 666.40 million current LCU | +7.3% |
| 1996 | 709.20 million current LCU | +6.4% |
| 1997 | 806.10 million current LCU | +13.7% |
| 1998 | 884.60 million current LCU | +9.7% |
| 1999 | 908.00 million current LCU | +2.6% |
| 2000 | 936.60 million current LCU | +3.1% |
| 2001 | 897.50 million current LCU | -4.2% |
| 2002 | 895.90 million current LCU | -0.2% |
| 2003 | 1.01 billion current LCU | +12.5% |
| 2004 | 1.04 billion current LCU | +3.1% |
| 2005 | 1.14 billion current LCU | +9.8% |
| 2006 | 1.37 billion current LCU | +19.9% |
| 2007 | 1.38 billion current LCU | +0.6% |
| 2008 | 1.45 billion current LCU | +5.2% |
| 2009 | 1.38 billion current LCU | -5.0% |
| 2010 | 1.51 billion current LCU | +9.5% |
| 2011 | 1.60 billion current LCU | +6.5% |
| 2012 | 1.55 billion current LCU | -3.4% |
| 2013 | 1.56 billion current LCU | +0.8% |
| 2014 | 1.54 billion current LCU | -1.4% |
| 2015 | 1.55 billion current LCU | +0.7% |
| 2016 | 1.51 billion current LCU | -2.6% |
| 2017 | 1.55 billion current LCU | +2.4% |
| 2018 | 1.53 billion current LCU | -0.9% |
| 2019 | 1.55 billion current LCU | +0.8% |
| 2020 | 1.42 billion current LCU | -8.1% |
| 2021 | 1.50 billion current LCU | +5.4% |
| 2022 | 1.76 billion current LCU | +17.8% |
| 2023 | 1.78 billion current LCU | +0.6% |
| 2024 | 1.85 billion current LCU | +4.5% |
Barbados compared with similar countries
- Barbados's 1.85 billion current LCU is below the median for high income countries, which is 60.84 billion current LCU, 3% of the median. (77 countries reporting)
- Barbados's 1.85 billion current LCU is below the median for Latin America & Caribbean, which is 59.94 billion current LCU, 3% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 185.45 million current LCU | 130.10 million current LCU | 252.00 million current LCU | 5 |
| 1980s | 446.68 million current LCU | 346.30 million current LCU | 539.10 million current LCU | 10 |
| 1990s | 726.27 million current LCU | 596.90 million current LCU | 908.00 million current LCU | 10 |
| 2000s | 1.15 billion current LCU | 895.90 million current LCU | 1.45 billion current LCU | 10 |
| 2010s | 1.55 billion current LCU | 1.51 billion current LCU | 1.60 billion current LCU | 10 |
| 2020s | 1.66 billion current LCU | 1.42 billion current LCU | 1.85 billion current LCU | 5 |
Countries ranked near Barbados
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 1.85 billion current LCU 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 1.85 billion current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Barbados?
- The lowest recorded value was 130.10 million current LCU in 1975.
- How does Barbados rank for industry (including construction), value added?
- Barbados ranks 178th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Barbados?
- Over the last ten years it is up 20.4%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.