Industry (including construction), value added in Caribbean Small States
Caribbean Small States: Industry (including construction), value added was 37.0% in 2024. ▼ Falling
Industry (including construction), value added in Caribbean Small States, 1966–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Caribbean Small States is 37.0%, measured in 2024.
The figure is up 13.8% on the previous year and up 25.4% over ten years.
Over the whole period, industry (including construction), value added in Caribbean Small States peaked at 48.7% in 1980 and was at its lowest, 21.4%, in 1998.
That places Caribbean Small States 2nd out of 47 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 59 years of available data.
Industry (including construction), value added in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 31.5% | — |
| 1967 | 32.4% | +2.8% |
| 1968 | 33.2% | +2.4% |
| 1969 | 31.0% | -6.4% |
| 1970 | 30.1% | -3.1% |
| 1971 | 30.3% | +0.6% |
| 1972 | 30.9% | +2.0% |
| 1973 | 33.3% | +7.9% |
| 1974 | 45.3% | +35.9% |
| 1975 | 45.0% | -0.6% |
| 1976 | 45.6% | +1.3% |
| 1977 | 46.5% | +2.0% |
| 1978 | 44.4% | -4.3% |
| 1979 | 46.1% | +3.7% |
| 1980 | 48.7% | +5.6% |
| 1981 | 45.7% | -6.1% |
| 1982 | 40.1% | -12.2% |
| 1983 | 38.3% | -4.5% |
| 1984 | 38.7% | +0.9% |
| 1985 | 35.3% | -8.8% |
| 1986 | 27.6% | -21.7% |
| 1987 | 27.7% | +0.3% |
| 1988 | 27.0% | -2.4% |
| 1989 | 26.8% | -0.9% |
| 1990 | 27.9% | +4.0% |
| 1991 | 27.2% | -2.4% |
| 1992 | 25.9% | -4.8% |
| 1993 | 23.8% | -8.0% |
| 1994 | 26.2% | +9.9% |
| 1995 | 25.7% | -1.7% |
| 1996 | 25.9% | +0.7% |
| 1997 | 23.1% | -10.7% |
| 1998 | 21.4% | -7.4% |
| 1999 | 21.8% | +2.0% |
| 2000 | 25.3% | +16.0% |
| 2001 | 24.1% | -4.8% |
| 2002 | 23.6% | -2.3% |
| 2003 | 28.0% | +19.0% |
| 2004 | 30.2% | +7.6% |
| 2005 | 33.8% | +12.0% |
| 2006 | 35.5% | +5.0% |
| 2007 | 35.3% | -0.4% |
| 2008 | 40.4% | +14.2% |
| 2009 | 31.8% | -21.3% |
| 2010 | 32.9% | +3.7% |
| 2011 | 35.6% | +8.2% |
| 2012 | 31.3% | -12.2% |
| 2013 | 30.4% | -2.8% |
| 2014 | 29.5% | -3.0% |
| 2015 | 24.7% | -16.1% |
| 2016 | 24.2% | -2.3% |
| 2017 | 25.1% | +4.0% |
| 2018 | 25.5% | +1.3% |
| 2019 | 24.4% | -4.2% |
| 2020 | 24.4% | -0.1% |
| 2021 | 29.3% | +20.2% |
| 2022 | 36.2% | +23.5% |
| 2023 | 32.5% | -10.2% |
| 2024 | 37.0% | +13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 32.0% | 31.0% | 33.2% | 4 |
| 1970s | 39.7% | 30.1% | 46.5% | 10 |
| 1980s | 35.6% | 26.8% | 48.7% | 10 |
| 1990s | 24.9% | 21.4% | 27.9% | 10 |
| 2000s | 30.8% | 23.6% | 40.4% | 10 |
| 2010s | 28.4% | 24.2% | 35.6% | 10 |
| 2020s | 31.9% | 24.4% | 37.0% | 5 |
Countries ranked near Caribbean Small States
More economy & growth data for Caribbean Small States
- GNI, Atlas method (current US$), annual growth rate 3.62 % change on previous year (2025)
- GNI per capita, Atlas method 19,403 current US$ (2025)
- GNI (current US$), per capita 19,164 current US$ per person (2025)
- GNI (current US$), per unit of GDP 0.9178 current US$ per US$ of GDP (2025)
- GNI (current US$), annual growth rate 3.26 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 19,403 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9292 current US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), annual growth rate 7.98 % change on previous year (2025)
- GDP (current US$), annual growth rate 5.2 % change on previous year (2025)
- GDP (current US$), per capita 20,880 current US$ per person (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 37.0% 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 48.7% in 1980.
- What is the lowest industry (including construction), value added recorded in Caribbean Small States?
- The lowest recorded value was 21.4% in 1998.
- How does Caribbean Small States rank for industry (including construction), value added?
- Caribbean Small States ranks 2nd 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 25.4%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.