Industry (including construction), value added in Barbados
Barbados: Industry (including construction), value added was 12.2% in 2024. ▼ Falling
Industry (including construction), value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Barbados is 12.2%, measured in 2024. That is the lowest value across all 50 years on record.
That represents a change of down 0.7% on the previous year and down 9.9% over ten years.
Over the whole period, industry (including construction), value added in Barbados peaked at 18.9% in 1978 and was at its lowest, 12.2%, in 2024.
That places Barbados 176th out of 207 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Industry (including construction), value added in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 16.0% | — |
| 1976 | 17.6% | +10.0% |
| 1977 | 18.2% | +3.5% |
| 1978 | 18.9% | +3.6% |
| 1979 | 18.7% | -1.1% |
| 1980 | 17.0% | -9.0% |
| 1981 | 16.9% | -0.4% |
| 1982 | 16.6% | -2.1% |
| 1983 | 17.7% | +6.7% |
| 1984 | 18.2% | +2.8% |
| 1985 | 15.9% | -12.7% |
| 1986 | 14.4% | -9.1% |
| 1987 | 13.6% | -5.7% |
| 1988 | 14.1% | +3.2% |
| 1989 | 13.4% | -4.9% |
| 1990 | 18.7% | +40.0% |
| 1991 | 17.4% | -7.0% |
| 1992 | 15.3% | -12.3% |
| 1993 | 14.6% | -4.2% |
| 1994 | 14.4% | -1.7% |
| 1995 | 14.9% | +4.1% |
| 1996 | 14.9% | -0.2% |
| 1997 | 16.0% | +7.5% |
| 1998 | 15.6% | -2.7% |
| 1999 | 15.3% | -2.0% |
| 2000 | 15.3% | +0.1% |
| 2001 | 14.7% | -4.0% |
| 2002 | 14.4% | -1.8% |
| 2003 | 15.7% | +8.9% |
| 2004 | 15.1% | -3.9% |
| 2005 | 14.9% | -0.9% |
| 2006 | 16.2% | +8.5% |
| 2007 | 14.7% | -9.2% |
| 2008 | 15.1% | +2.7% |
| 2009 | 15.4% | +1.9% |
| 2010 | 13.9% | -9.9% |
| 2011 | 14.4% | +4.0% |
| 2012 | 14.1% | -2.1% |
| 2013 | 13.8% | -2.3% |
| 2014 | 13.6% | -1.8% |
| 2015 | 13.6% | +0.4% |
| 2016 | 13.3% | -2.2% |
| 2017 | 13.2% | -0.5% |
| 2018 | 12.8% | -3.4% |
| 2019 | 12.5% | -1.9% |
| 2020 | 13.2% | +4.9% |
| 2021 | 12.6% | -4.3% |
| 2022 | 12.8% | +1.7% |
| 2023 | 12.3% | -4.1% |
| 2024 | 12.2% | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.9% | 16.0% | 18.9% | 5 |
| 1980s | 15.8% | 13.4% | 18.2% | 10 |
| 1990s | 15.7% | 14.4% | 18.7% | 10 |
| 2000s | 15.2% | 14.4% | 16.2% | 10 |
| 2010s | 13.5% | 12.5% | 14.4% | 10 |
| 2020s | 12.6% | 12.2% | 13.2% | 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)
- Services, value added (constant LCU), per capita 39,942 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.51 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.896 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 25,416 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.79 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 50,832 current LCU per person (2025)
Frequently asked questions
- What is industry (including construction), value added in Barbados?
- Industry (including construction), value added in Barbados was 12.2% 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 18.9% in 1978.
- What is the lowest industry (including construction), value added recorded in Barbados?
- The lowest recorded value was 12.2% in 2024.
- How does Barbados rank for industry (including construction), value added?
- Barbados ranks 176th out of 207 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Barbados?
- Over the last ten years it is down 9.9%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.