Machinery and transport equipment in Barbados
Barbados: Machinery and transport equipment was 7.8% in 1997. ◆ Volatile
Machinery and transport equipment in Barbados, 1970–1997
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
Barbados recorded 7.8% for machinery and transport equipment in 1997.
That represents a change of down 36.9% over ten years.
Over the whole period, machinery and transport equipment in Barbados peaked at 36.0% in 1983 and was at its lowest, 3.5%, in 1991.
Barbados ranks 77th of 149 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Machinery and transport equipment in Barbados, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1970 | 6.7% | — |
| 1971 | 7.4% | +10.9% |
| 1972 | 7.8% | +5.0% |
| 1973 | 10.0% | +28.1% |
| 1974 | 8.8% | -11.3% |
| 1975 | 8.9% | +0.6% |
| 1976 | 9.3% | +4.7% |
| 1977 | 7.6% | -18.8% |
| 1978 | 5.6% | -25.9% |
| 1979 | 10.4% | +84.8% |
| 1980 | 11.2% | +8.5% |
| 1981 | 12.3% | +9.6% |
| 1982 | 18.7% | +51.8% |
| 1983 | 36.0% | +92.6% |
| 1984 | 35.7% | -0.8% |
| 1985 | 24.0% | -32.7% |
| 1986 | 18.7% | -22.4% |
| 1987 | 12.3% | -34.1% |
| 1988 | 10.0% | -18.3% |
| 1989 | 6.5% | -35.7% |
| 1990 | 5.0% | -23.2% |
| 1991 | 3.5% | -30.3% |
| 1992 | 7.3% | +110.2% |
| 1993 | 7.3% | +1.1% |
| 1994 | 8.4% | +14.1% |
| 1995 | 7.5% | -9.9% |
| 1996 | 7.8% | +2.8% |
| 1997 | 7.8% | +0.0% |
Barbados compared with similar countries
- Barbados's 7.8% is below the median for high income countries, which is 20.4%, 38% of the median. (56 countries reporting)
- Barbados's 7.8% is above the median for Latin America & Caribbean, which is 4.0%, 1.9× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.2% | 5.6% | 10.4% | 10 |
| 1980s | 18.5% | 6.5% | 36.0% | 10 |
| 1990s | 6.8% | 3.5% | 8.4% | 8 |
Countries ranked near Barbados
- 74 Congo, Democratic Republic of the 7.8% compare
- 74 Congo 7.8% compare
- 76 Iran, Islamic Republic of 7.8% compare
- 78 Costa Rica 7.5% compare
- 79 Uruguay 7.2% compare
- 80 Nigeria 7.2% compare
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 machinery and transport equipment in Barbados?
- Machinery and transport equipment in Barbados was 7.8% in 1997, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Barbados?
- The highest recorded value was 36.0% in 1983.
- What is the lowest machinery and transport equipment recorded in Barbados?
- The lowest recorded value was 3.5% in 1991.
- How does Barbados rank for machinery and transport equipment?
- Barbados ranks 77th out of 149 countries with data for 1997.
- Is machinery and transport equipment rising or falling in Barbados?
- Over the last ten years it is down 36.9%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).