Manufacturing, value added in Barbados
Barbados: Manufacturing, value added was 321.87 million constant 2015 US$ in 2024. ▼ Falling
Latest (2024)
321.87 million constant 2015 US$
Change on year
up 0.4%
World rank
151st
of 186 countries
All-time high
629.96 million constant 2015 US$
in 1980
All-time low
267.30 million constant 2015 US$
in 2020
Years of data
50
1975–2024
Manufacturing, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for manufacturing, value added in Barbados is 321.87 million constant 2015 US$, measured in 2024.
The figure is up 0.4% on the previous year and up 7.0% over ten years.
Over the whole period, manufacturing, value added in Barbados peaked at 629.96 million constant 2015 US$ in 1980 and was at its lowest, 267.30 million constant 2015 US$, in 2020.
Barbados ranks 151st of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Manufacturing, value added in Barbados, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1975 | 460.32 million constant 2015 US$ | — |
| 1976 | 538.15 million constant 2015 US$ | +16.9% |
| 1977 | 555.22 million constant 2015 US$ | +3.2% |
| 1978 | 606.00 million constant 2015 US$ | +9.1% |
| 1979 | 616.40 million constant 2015 US$ | +1.7% |
| 1980 | 629.96 million constant 2015 US$ | +2.2% |
| 1981 | 607.21 million constant 2015 US$ | -3.6% |
| 1982 | 574.66 million constant 2015 US$ | -5.4% |
| 1983 | 589.27 million constant 2015 US$ | +2.5% |
| 1984 | 600.57 million constant 2015 US$ | +1.9% |
| 1985 | 543.43 million constant 2015 US$ | -9.5% |
| 1986 | 571.34 million constant 2015 US$ | +5.1% |
| 1987 | 533.47 million constant 2015 US$ | -6.6% |
| 1988 | 569.34 million constant 2015 US$ | +6.7% |
| 1989 | 599.90 million constant 2015 US$ | +5.4% |
| 1990 | 583.96 million constant 2015 US$ | -2.7% |
| 1991 | 556.72 million constant 2015 US$ | -4.7% |
| 1992 | 515.53 million constant 2015 US$ | -7.4% |
| 1993 | 521.51 million constant 2015 US$ | +1.2% |
| 1994 | 514.20 million constant 2015 US$ | -1.4% |
| 1995 | 540.78 million constant 2015 US$ | +5.2% |
| 1996 | 575.32 million constant 2015 US$ | +6.4% |
| 1997 | 603.23 million constant 2015 US$ | +4.8% |
| 1998 | 486.30 million constant 2015 US$ | -19.4% |
| 1999 | 460.39 million constant 2015 US$ | -5.3% |
| 2000 | 449.10 million constant 2015 US$ | -2.5% |
| 2001 | 405.25 million constant 2015 US$ | -9.8% |
| 2002 | 409.24 million constant 2015 US$ | +1.0% |
| 2003 | 402.59 million constant 2015 US$ | -1.6% |
| 2004 | 411.23 million constant 2015 US$ | +2.1% |
| 2005 | 419.87 million constant 2015 US$ | +2.1% |
| 2006 | 455.02 million constant 2015 US$ | +8.4% |
| 2007 | 436.69 million constant 2015 US$ | -4.0% |
| 2008 | 435.39 million constant 2015 US$ | -0.3% |
| 2009 | 365.68 million constant 2015 US$ | -16.0% |
| 2010 | 338.80 million constant 2015 US$ | -7.4% |
| 2011 | 336.74 million constant 2015 US$ | -0.6% |
| 2012 | 323.14 million constant 2015 US$ | -4.0% |
| 2013 | 314.48 million constant 2015 US$ | -2.7% |
| 2014 | 300.87 million constant 2015 US$ | -4.3% |
| 2015 | 318.14 million constant 2015 US$ | +5.7% |
| 2016 | 319.12 million constant 2015 US$ | +0.3% |
| 2017 | 319.53 million constant 2015 US$ | +0.1% |
| 2018 | 304.64 million constant 2015 US$ | -4.7% |
| 2019 | 312.24 million constant 2015 US$ | +2.5% |
| 2020 | 267.30 million constant 2015 US$ | -14.4% |
| 2021 | 271.52 million constant 2015 US$ | +1.6% |
| 2022 | 321.02 million constant 2015 US$ | +18.2% |
| 2023 | 320.59 million constant 2015 US$ | -0.1% |
| 2024 | 321.87 million constant 2015 US$ | +0.4% |
Barbados compared with similar countries
- Barbados's 321.87 million constant 2015 US$ is below the median for high income countries, which is 12.22 billion constant 2015 US$, 3% of the median. (67 countries reporting)
- Barbados's 321.87 million constant 2015 US$ is below the median for Latin America & Caribbean, which is 2.91 billion constant 2015 US$, 11% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 555.22 million constant 2015 US$ | 460.32 million constant 2015 US$ | 616.40 million constant 2015 US$ | 5 |
| 1980s | 581.92 million constant 2015 US$ | 533.47 million constant 2015 US$ | 629.96 million constant 2015 US$ | 10 |
| 1990s | 535.79 million constant 2015 US$ | 460.39 million constant 2015 US$ | 603.23 million constant 2015 US$ | 10 |
| 2000s | 419.01 million constant 2015 US$ | 365.68 million constant 2015 US$ | 455.02 million constant 2015 US$ | 10 |
| 2010s | 318.77 million constant 2015 US$ | 300.87 million constant 2015 US$ | 338.80 million constant 2015 US$ | 10 |
| 2020s | 300.46 million constant 2015 US$ | 267.30 million constant 2015 US$ | 321.87 million constant 2015 US$ | 5 |
Countries ranked near Barbados
- 148 South Sudan 424.04 million constant 2015 US$ compare
- 149 Lesotho 387.86 million constant 2015 US$ compare
- 150 Burundi 336.49 million constant 2015 US$ compare
- 152 Guinea-Bissau 193.63 million constant 2015 US$ compare
- 153 Montenegro 186.03 million constant 2015 US$ compare
- 154 Belize 175.51 million constant 2015 US$ 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added in Barbados?
- Manufacturing, value added in Barbados was 321.87 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Barbados?
- The highest recorded value was 629.96 million constant 2015 US$ in 1980.
- What is the lowest manufacturing, value added recorded in Barbados?
- The lowest recorded value was 267.30 million constant 2015 US$ in 2020.
- How does Barbados rank for manufacturing, value added?
- Barbados ranks 151st out of 186 countries with data for 2024.
- Is manufacturing, value added rising or falling in Barbados?
- Over the last ten years it is up 7.0%. 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 Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.