Manufacturing, value added in Barbados
Barbados: Manufacturing, value added was 747.19 million constant LCU in 2024. ▼ Falling
Manufacturing, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, manufacturing, value added in Barbados stood at 747.19 million constant LCU.
Compared with earlier readings it 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 1.46 billion constant LCU in 1980 and was at its lowest, 620.50 million constant LCU, in 2020.
That places Barbados 162nd out of 192 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.
Manufacturing, value added in Barbados, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1975 | 1.07 billion constant LCU | — |
| 1976 | 1.25 billion constant LCU | +16.9% |
| 1977 | 1.29 billion constant LCU | +3.2% |
| 1978 | 1.41 billion constant LCU | +9.1% |
| 1979 | 1.43 billion constant LCU | +1.7% |
| 1980 | 1.46 billion constant LCU | +2.2% |
| 1981 | 1.41 billion constant LCU | -3.6% |
| 1982 | 1.33 billion constant LCU | -5.4% |
| 1983 | 1.37 billion constant LCU | +2.5% |
| 1984 | 1.39 billion constant LCU | +1.9% |
| 1985 | 1.26 billion constant LCU | -9.5% |
| 1986 | 1.33 billion constant LCU | +5.1% |
| 1987 | 1.24 billion constant LCU | -6.6% |
| 1988 | 1.32 billion constant LCU | +6.7% |
| 1989 | 1.39 billion constant LCU | +5.4% |
| 1990 | 1.36 billion constant LCU | -2.7% |
| 1991 | 1.29 billion constant LCU | -4.7% |
| 1992 | 1.20 billion constant LCU | -7.4% |
| 1993 | 1.21 billion constant LCU | +1.2% |
| 1994 | 1.19 billion constant LCU | -1.4% |
| 1995 | 1.26 billion constant LCU | +5.2% |
| 1996 | 1.34 billion constant LCU | +6.4% |
| 1997 | 1.40 billion constant LCU | +4.8% |
| 1998 | 1.13 billion constant LCU | -19.4% |
| 1999 | 1.07 billion constant LCU | -5.3% |
| 2000 | 1.04 billion constant LCU | -2.5% |
| 2001 | 940.75 million constant LCU | -9.8% |
| 2002 | 950.00 million constant LCU | +1.0% |
| 2003 | 934.58 million constant LCU | -1.6% |
| 2004 | 954.63 million constant LCU | +2.1% |
| 2005 | 974.68 million constant LCU | +2.1% |
| 2006 | 1.06 billion constant LCU | +8.4% |
| 2007 | 1.01 billion constant LCU | -4.0% |
| 2008 | 1.01 billion constant LCU | -0.3% |
| 2009 | 848.89 million constant LCU | -16.0% |
| 2010 | 786.48 million constant LCU | -7.4% |
| 2011 | 781.71 million constant LCU | -0.6% |
| 2012 | 750.14 million constant LCU | -4.0% |
| 2013 | 730.03 million constant LCU | -2.7% |
| 2014 | 698.45 million constant LCU | -4.3% |
| 2015 | 738.52 million constant LCU | +5.7% |
| 2016 | 740.80 million constant LCU | +0.3% |
| 2017 | 741.75 million constant LCU | +0.1% |
| 2018 | 707.20 million constant LCU | -4.7% |
| 2019 | 724.83 million constant LCU | +2.5% |
| 2020 | 620.50 million constant LCU | -14.4% |
| 2021 | 630.30 million constant LCU | +1.6% |
| 2022 | 745.21 million constant LCU | +18.2% |
| 2023 | 744.22 million constant LCU | -0.1% |
| 2024 | 747.19 million constant LCU | +0.4% |
Barbados compared with similar countries
- Barbados's 747.19 million constant LCU is below the median for high income countries, which is 29.35 billion constant LCU, 3% of the median. (67 countries reporting)
- Barbados's 747.19 million constant LCU is below the median for Latin America & Caribbean, which is 15.63 billion constant LCU, 5% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.29 billion constant LCU | 1.07 billion constant LCU | 1.43 billion constant LCU | 5 |
| 1980s | 1.35 billion constant LCU | 1.24 billion constant LCU | 1.46 billion constant LCU | 10 |
| 1990s | 1.24 billion constant LCU | 1.07 billion constant LCU | 1.40 billion constant LCU | 10 |
| 2000s | 972.68 million constant LCU | 848.89 million constant LCU | 1.06 billion constant LCU | 10 |
| 2010s | 739.99 million constant LCU | 698.45 million constant LCU | 786.48 million constant LCU | 10 |
| 2020s | 697.49 million constant LCU | 620.50 million constant LCU | 747.19 million constant LCU | 5 |
Countries ranked near Barbados
- 159 Kosovo 1.02 billion constant LCU compare
- 159 Kosovo (UNSCR 1244) 1.02 billion constant LCU compare
- 161 Solomon Islands 834.12 million constant LCU compare
- 163 South Sudan 565.01 million constant LCU compare
- 164 Greenland 524.90 million constant LCU compare
- 165 Tajikistan 499.99 million constant LCU 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 747.19 million constant LCU 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 1.46 billion constant LCU in 1980.
- What is the lowest manufacturing, value added recorded in Barbados?
- The lowest recorded value was 620.50 million constant LCU in 2020.
- How does Barbados rank for manufacturing, value added?
- Barbados ranks 162nd out of 192 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 LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.