Industry (including construction), value added in Caribbean Small States
Caribbean Small States: Industry (including construction), value added was 33.45 billion current US$ in 2024. ◆ Volatile
Industry (including construction), value added in Caribbean Small States, 1966–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, industry (including construction), value added in Caribbean Small States stood at 33.45 billion current US$. That is the highest value across all 59 years on record.
The figure is up 29.3% on the previous year and up 76.8% over ten years.
Over the whole period, industry (including construction), value added in Caribbean Small States peaked at 33.45 billion current US$ in 2024 and was at its lowest, 555.44 million current US$, in 1966.
Caribbean Small States ranks 46th of 49 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 626.29 million current US$ | 555.44 million current US$ | 667.96 million current US$ | 4 |
| 1970s | 1.93 billion current US$ | 682.37 million current US$ | 3.87 billion current US$ | 10 |
| 1980s | 4.48 billion current US$ | 3.25 billion current US$ | 5.48 billion current US$ | 10 |
| 1990s | 4.13 billion current US$ | 3.29 billion current US$ | 5.11 billion current US$ | 10 |
| 2000s | 12.27 billion current US$ | 6.39 billion current US$ | 23.13 billion current US$ | 10 |
| 2010s | 16.96 billion current US$ | 14.04 billion current US$ | 20.21 billion current US$ | 10 |
| 2020s | 23.81 billion current US$ | 13.00 billion current US$ | 33.45 billion current US$ | 5 |
Countries ranked near Caribbean Small States
- 43 South Africa 102.91 billion current US$ compare
- 44 Peru 100.12 billion current US$ compare
- 45 Algeria 99.88 billion current US$ compare
- 46 Colombia 99.53 billion current US$ compare
- 47 Kazakhstan 99.06 billion current US$ compare
- 48 Israel 93.41 billion current US$ compare
- 49 Kuwait 85.07 billion current US$ compare
More economy & growth data for Caribbean Small States
- Services, value added 52.2% (2024)
- Services, value added 41.90 billion constant 2015 US$ (2024)
- Services, value added 2.5% (2024)
- Foreign direct investment, net inflows 11.4% (2024)
- Foreign direct investment, net inflows 2.08 billion BoP, current US$ (2025)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- GDP 95.14 billion current US$ (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Services, value added 47.22 billion current US$ (2024)
- Inflation, GDP deflator 2.6% (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 33.45 billion current US$ 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 33.45 billion current US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Caribbean Small States?
- The lowest recorded value was 555.44 million current US$ in 1966.
- How does Caribbean Small States rank for industry (including construction), value added?
- Caribbean Small States ranks 46th out of 49 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 76.8%. 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 (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.