Industry (including construction), value added in Barbados
Barbados: Industry (including construction), value added was 927.46 million current US$ in 2024. ◆ Volatile
Industry (including construction), value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Barbados recorded 927.46 million current US$ for industry (including construction), value added in 2024. That is the highest value across all 50 years on record.
That represents a change of 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 927.46 million current US$ in 2024 and was at its lowest, 64.41 million current US$, in 1975.
That places Barbados 164th out of 209 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Barbados, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 64.41 million current US$ | — |
| 1976 | 76.78 million current US$ | +19.2% |
| 1977 | 90.28 million current US$ | +17.6% |
| 1978 | 104.46 million current US$ | +15.7% |
| 1979 | 125.29 million current US$ | +19.9% |
| 1980 | 172.18 million current US$ | +37.4% |
| 1981 | 188.81 million current US$ | +9.7% |
| 1982 | 193.16 million current US$ | +2.3% |
| 1983 | 218.96 million current US$ | +13.4% |
| 1984 | 245.22 million current US$ | +12.0% |
| 1985 | 223.94 million current US$ | -8.7% |
| 1986 | 223.64 million current US$ | -0.1% |
| 1987 | 232.19 million current US$ | +3.8% |
| 1988 | 254.76 million current US$ | +9.7% |
| 1989 | 268.04 million current US$ | +5.2% |
| 1990 | 376.37 million current US$ | +40.4% |
| 1991 | 351.46 million current US$ | -6.6% |
| 1992 | 298.45 million current US$ | -15.1% |
| 1993 | 301.50 million current US$ | +1.0% |
| 1994 | 308.86 million current US$ | +2.4% |
| 1995 | 331.33 million current US$ | +7.3% |
| 1996 | 352.61 million current US$ | +6.4% |
| 1997 | 400.79 million current US$ | +13.7% |
| 1998 | 439.81 million current US$ | +9.7% |
| 1999 | 451.45 million current US$ | +2.6% |
| 2000 | 468.30 million current US$ | +3.7% |
| 2001 | 448.75 million current US$ | -4.2% |
| 2002 | 447.95 million current US$ | -0.2% |
| 2003 | 504.05 million current US$ | +12.5% |
| 2004 | 519.70 million current US$ | +3.1% |
| 2005 | 570.85 million current US$ | +9.8% |
| 2006 | 684.19 million current US$ | +19.9% |
| 2007 | 688.43 million current US$ | +0.6% |
| 2008 | 724.53 million current US$ | +5.2% |
| 2009 | 688.25 million current US$ | -5.0% |
| 2010 | 753.32 million current US$ | +9.5% |
| 2011 | 802.48 million current US$ | +6.5% |
| 2012 | 775.09 million current US$ | -3.4% |
| 2013 | 781.29 million current US$ | +0.8% |
| 2014 | 770.41 million current US$ | -1.4% |
| 2015 | 775.56 million current US$ | +0.7% |
| 2016 | 755.75 million current US$ | -2.6% |
| 2017 | 774.00 million current US$ | +2.4% |
| 2018 | 767.25 million current US$ | -0.9% |
| 2019 | 773.51 million current US$ | +0.8% |
| 2020 | 710.88 million current US$ | -8.1% |
| 2021 | 749.14 million current US$ | +5.4% |
| 2022 | 882.14 million current US$ | +17.8% |
| 2023 | 887.55 million current US$ | +0.6% |
| 2024 | 927.46 million current US$ | +4.5% |
Barbados compared with similar countries
- Barbados's 927.46 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 4% of the median. (77 countries reporting)
- Barbados's 927.46 million current US$ is below the median for Latin America & Caribbean, which is 8.88 billion current US$, 10% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 92.24 million current US$ | 64.41 million current US$ | 125.29 million current US$ | 5 |
| 1980s | 222.09 million current US$ | 172.18 million current US$ | 268.04 million current US$ | 10 |
| 1990s | 361.26 million current US$ | 298.45 million current US$ | 451.45 million current US$ | 10 |
| 2000s | 574.50 million current US$ | 447.95 million current US$ | 724.53 million current US$ | 10 |
| 2010s | 772.87 million current US$ | 753.32 million current US$ | 802.48 million current US$ | 10 |
| 2020s | 831.44 million current US$ | 710.88 million current US$ | 927.46 million current US$ | 5 |
Countries ranked near Barbados
- 161 Bhutan 1.19 billion current US$ compare
- 162 Montenegro 1.04 billion current US$ compare
- 163 Channel Islands 1.03 billion current US$ compare
- 165 Fiji 860.20 million current US$ compare
- 166 Djibouti 766.83 million current US$ compare
- 167 Faroe Islands 741.68 million current 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Barbados?
- Industry (including construction), value added in Barbados was 927.46 million current US$ 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 927.46 million current US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Barbados?
- The lowest recorded value was 64.41 million current US$ in 1975.
- How does Barbados rank for industry (including construction), value added?
- Barbados ranks 164th 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.