Industry (including construction), value added per worker in Barbados
Barbados: Industry (including construction), value added per worker was 33,304 constant 2015 US$ in 2024. ▬ Flat
Industry (including construction), value added per worker in Barbados, 1991–2024
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
Barbados recorded 33,304 constant 2015 US$ for industry (including construction), value added per worker in 2024.
The figure is up 5.0% on the previous year and up 13.1% over ten years.
Over the whole period, industry (including construction), value added per worker in Barbados peaked at 35,057 constant 2015 US$ in 2008 and was at its lowest, 27,557 constant 2015 US$, in 1999.
Barbados ranks 59th of 176 countries on this measure, in the middle of the range.
Industry (including construction), value added per worker in Barbados, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 34,850 constant 2015 US$ | — |
| 1992 | 30,699 constant 2015 US$ | -11.9% |
| 1993 | 32,717 constant 2015 US$ | +6.6% |
| 1994 | 32,224 constant 2015 US$ | -1.5% |
| 1995 | 31,284 constant 2015 US$ | -2.9% |
| 1996 | 31,546 constant 2015 US$ | +0.8% |
| 1997 | 33,596 constant 2015 US$ | +6.5% |
| 1998 | 28,385 constant 2015 US$ | -15.5% |
| 1999 | 27,557 constant 2015 US$ | -2.9% |
| 2000 | 28,232 constant 2015 US$ | +2.5% |
| 2001 | 29,147 constant 2015 US$ | +3.2% |
| 2002 | 31,374 constant 2015 US$ | +7.6% |
| 2003 | 32,735 constant 2015 US$ | +4.3% |
| 2004 | 32,716 constant 2015 US$ | -0.1% |
| 2005 | 35,051 constant 2015 US$ | +7.1% |
| 2006 | 34,326 constant 2015 US$ | -2.1% |
| 2007 | 32,489 constant 2015 US$ | -5.3% |
| 2008 | 35,057 constant 2015 US$ | +7.9% |
| 2009 | 30,558 constant 2015 US$ | -12.8% |
| 2010 | 28,246 constant 2015 US$ | -7.6% |
| 2011 | 28,696 constant 2015 US$ | +1.6% |
| 2012 | 29,074 constant 2015 US$ | +1.3% |
| 2013 | 28,324 constant 2015 US$ | -2.6% |
| 2014 | 29,456 constant 2015 US$ | +4.0% |
| 2015 | 30,105 constant 2015 US$ | +2.2% |
| 2016 | 29,057 constant 2015 US$ | -3.5% |
| 2017 | 29,132 constant 2015 US$ | +0.3% |
| 2018 | 29,543 constant 2015 US$ | +1.4% |
| 2019 | 32,179 constant 2015 US$ | +8.9% |
| 2020 | 32,920 constant 2015 US$ | +2.3% |
| 2021 | 32,682 constant 2015 US$ | -0.7% |
| 2022 | 33,354 constant 2015 US$ | +2.1% |
| 2023 | 31,732 constant 2015 US$ | -4.9% |
| 2024 | 33,304 constant 2015 US$ | +5.0% |
Barbados compared with similar countries
- Barbados's 33,304 constant 2015 US$ is below the median for high income countries, which is 65,514 constant 2015 US$, 51% of the median. (56 countries reporting)
- Barbados's 33,304 constant 2015 US$ is above the median for Latin America & Caribbean, which is 18,545 constant 2015 US$, 1.8× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31,429 constant 2015 US$ | 27,557 constant 2015 US$ | 34,850 constant 2015 US$ | 9 |
| 2000s | 32,168 constant 2015 US$ | 28,232 constant 2015 US$ | 35,057 constant 2015 US$ | 10 |
| 2010s | 29,381 constant 2015 US$ | 28,246 constant 2015 US$ | 32,179 constant 2015 US$ | 10 |
| 2020s | 32,798 constant 2015 US$ | 31,732 constant 2015 US$ | 33,354 constant 2015 US$ | 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added per worker in Barbados?
- Industry (including construction), value added per worker in Barbados was 33,304 constant 2015 US$ in 2024, according to World Development Indicators database, World Bank (WB).
- What is the highest industry (including construction), value added per worker recorded in Barbados?
- The highest recorded value was 35,057 constant 2015 US$ in 2008.
- What is the lowest industry (including construction), value added per worker recorded in Barbados?
- The lowest recorded value was 27,557 constant 2015 US$ in 1999.
- How does Barbados rank for industry (including construction), value added per worker?
- Barbados ranks 59th out of 176 countries with data for 2024.
- Is industry (including construction), value added per worker rising or falling in Barbados?
- Over the last ten years it is up 13.1%. The long-run trend across the full record is flat.
- Where does this Barbados data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Industry (including construction), value added per worker (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. The core indicator has been divided by the number of workers in this sector to derive a measure of labor productivity. 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.