Manufacturing, value added in Caribbean Small States
Caribbean Small States: Manufacturing, value added was 4.7% in 2024. ◆ Volatile
Manufacturing, value added in Caribbean Small States, 1985–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, manufacturing, value added in Caribbean Small States stood at 4.7%.
The figure is up 427.2% on the previous year and up 338.8% over ten years.
Over the whole period, manufacturing, value added in Caribbean Small States peaked at 14.8% in 1995 and was at its lowest, -12.0%, in 1988.
Caribbean Small States ranks 11th of 33 groups 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.
Manufacturing, value added in Caribbean Small States, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1985 | -9.7% | — |
| 1986 | 9.2% | -195.1% |
| 1987 | -8.2% | -189.0% |
| 1988 | -12.0% | +46.3% |
| 1989 | 4.1% | -134.0% |
| 1990 | -0.2% | -104.6% |
| 1991 | 2.5% | -1410.2% |
| 1992 | -3.6% | -244.9% |
| 1993 | -4.1% | +13.4% |
| 1994 | -0.3% | -91.9% |
| 1995 | 14.8% | -4622.6% |
| 1996 | 5.1% | -65.4% |
| 1997 | 4.3% | -16.5% |
| 1998 | 1.8% | -58.2% |
| 1999 | -4.0% | -322.2% |
| 2000 | 9.1% | -329.3% |
| 2001 | 4.5% | -50.6% |
| 2002 | 0.6% | -86.5% |
| 2003 | 9.4% | +1444.5% |
| 2004 | 7.6% | -19.1% |
| 2005 | 9.5% | +25.7% |
| 2006 | 7.4% | -22.6% |
| 2007 | 9.0% | +21.4% |
| 2008 | 2.9% | -67.7% |
| 2009 | -1.5% | -153.3% |
| 2010 | 1.9% | -224.8% |
| 2011 | 0.1% | -92.9% |
| 2012 | -4.0% | -3032.6% |
| 2013 | 0.3% | -106.4% |
| 2014 | -2.0% | -868.0% |
| 2015 | 1.0% | -149.4% |
| 2016 | -2.2% | -330.3% |
| 2017 | 0.1% | -105.3% |
| 2018 | -0.3% | -338.9% |
| 2019 | -1.9% | +587.3% |
| 2020 | -10.4% | +437.7% |
| 2021 | -4.0% | -61.7% |
| 2022 | 5.0% | -225.1% |
| 2023 | -1.4% | -128.9% |
| 2024 | 4.7% | -427.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -3.3% | -12.0% | 9.2% | 5 |
| 1990s | 1.6% | -4.1% | 14.8% | 10 |
| 2000s | 5.8% | -1.5% | 9.5% | 10 |
| 2010s | -0.7% | -4.0% | 1.9% | 10 |
| 2020s | -1.2% | -10.4% | 5.0% | 5 |
Countries ranked near Caribbean Small States
More economy & growth data for Caribbean Small States
- GDP 91.37 billion constant 2015 US$ (2025)
- Trade in services 35.2% (2023)
- Inflation, GDP deflator 2.6% (2025)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- GDP 95.14 billion current US$ (2025)
- GDP per capita 20,880 current US$ (2025)
- GDP per capita growth 7.6% (2025)
- GDP per capita 20,053 constant 2015 US$ (2025)
- Services, value added 2.5% (2024)
Frequently asked questions
- What is manufacturing, value added in Caribbean Small States?
- Manufacturing, value added in Caribbean Small States was 4.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Caribbean Small States?
- The highest recorded value was 14.8% in 1995.
- What is the lowest manufacturing, value added recorded in Caribbean Small States?
- The lowest recorded value was -12.0% in 1988.
- How does Caribbean Small States rank for manufacturing, value added?
- Caribbean Small States ranks 11th out of 33 groups with data for 2024.
- Is manufacturing, value added rising or falling in Caribbean Small States?
- Over the last ten years it is up 338.8%. 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 Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.