Industry (including construction), value added (current US$) in Caribbean Small States
Caribbean Small States: Industry (including construction), value added (current US$) 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$, in 1966.
Caribbean Small States ranks 46th of 47 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added (current US$) in Caribbean Small States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1966 | 555.44 million current US$ | — |
| 1967 | 625.13 million current US$ | +12.5% |
| 1968 | 656.63 million current US$ | +5.0% |
| 1969 | 667.96 million current US$ | +1.7% |
| 1970 | 682.37 million current US$ | +2.2% |
| 1971 | 744.03 million current US$ | +9.0% |
| 1972 | 844.32 million current US$ | +13.5% |
| 1973 | 1.06 billion current US$ | +25.2% |
| 1974 | 1.90 billion current US$ | +79.9% |
| 1975 | 2.17 billion current US$ | +14.0% |
| 1976 | 2.25 billion current US$ | +3.8% |
| 1977 | 2.76 billion current US$ | +22.6% |
| 1978 | 3.01 billion current US$ | +9.2% |
| 1979 | 3.87 billion current US$ | +28.6% |
| 1980 | 5.29 billion current US$ | +36.7% |
| 1981 | 5.48 billion current US$ | +3.4% |
| 1982 | 5.34 billion current US$ | -2.6% |
| 1983 | 5.06 billion current US$ | -5.3% |
| 1984 | 5.29 billion current US$ | +4.7% |
| 1985 | 4.86 billion current US$ | -8.1% |
| 1986 | 3.25 billion current US$ | -33.1% |
| 1987 | 3.42 billion current US$ | +5.1% |
| 1988 | 3.45 billion current US$ | +0.9% |
| 1989 | 3.38 billion current US$ | -2.0% |
| 1990 | 3.78 billion current US$ | +12.0% |
| 1991 | 3.79 billion current US$ | +0.3% |
| 1992 | 3.69 billion current US$ | -2.8% |
| 1993 | 3.29 billion current US$ | -10.7% |
| 1994 | 3.87 billion current US$ | +17.6% |
| 1995 | 4.05 billion current US$ | +4.5% |
| 1996 | 4.39 billion current US$ | +8.4% |
| 1997 | 4.64 billion current US$ | +5.9% |
| 1998 | 4.64 billion current US$ | -0.2% |
| 1999 | 5.11 billion current US$ | +10.2% |
| 2000 | 6.49 billion current US$ | +27.1% |
| 2001 | 6.39 billion current US$ | -1.6% |
| 2002 | 6.54 billion current US$ | +2.3% |
| 2003 | 8.58 billion current US$ | +31.3% |
| 2004 | 10.14 billion current US$ | +18.2% |
| 2005 | 12.92 billion current US$ | +27.4% |
| 2006 | 15.73 billion current US$ | +21.8% |
| 2007 | 17.58 billion current US$ | +11.8% |
| 2008 | 23.13 billion current US$ | +31.5% |
| 2009 | 15.22 billion current US$ | -34.2% |
| 2010 | 17.39 billion current US$ | +14.3% |
| 2011 | 20.21 billion current US$ | +16.2% |
| 2012 | 18.82 billion current US$ | -6.9% |
| 2013 | 18.87 billion current US$ | +0.3% |
| 2014 | 18.92 billion current US$ | +0.3% |
| 2015 | 15.48 billion current US$ | -18.2% |
| 2016 | 14.04 billion current US$ | -9.3% |
| 2017 | 15.05 billion current US$ | +7.2% |
| 2018 | 15.60 billion current US$ | +3.7% |
| 2019 | 15.17 billion current US$ | -2.7% |
| 2020 | 13.00 billion current US$ | -14.3% |
| 2021 | 18.35 billion current US$ | +41.2% |
| 2022 | 28.38 billion current US$ | +54.6% |
| 2023 | 25.86 billion current US$ | -8.9% |
| 2024 | 33.45 billion current US$ | +29.3% |
Biggest year-on-year movements
Years where Industry (including construction), value added (current US$) in Caribbean Small States changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +79.9% | 1.06 billion current US$ | 1.90 billion current US$ |
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
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9241 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 10,403 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 2.45 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4633 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 9,230 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 13.29 % change on previous year (2024)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (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 (current US$), per unit of GDP 0.5222 current US$ per US$ of GDP (2024)
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 47 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.