Manufacturing, value added in Barbados
Barbados: Manufacturing, value added was 752.09 million current LCU in 2024. ▲ Rising
Manufacturing, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Barbados recorded 752.09 million current LCU for manufacturing, value added in 2024. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 26.9% over ten years.
Over the whole period, manufacturing, value added in Barbados peaked at 752.09 million current LCU in 2024 and was at its lowest, 71.90 million current LCU, in 1975.
Barbados ranks 174th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Manufacturing, value added in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | 71.90 million current LCU | — |
| 1976 | 84.79 million current LCU | +17.9% |
| 1977 | 102.62 million current LCU | +21.0% |
| 1978 | 112.40 million current LCU | +9.5% |
| 1979 | 136.30 million current LCU | +21.3% |
| 1980 | 183.50 million current LCU | +34.6% |
| 1981 | 189.70 million current LCU | +3.4% |
| 1982 | 205.60 million current LCU | +8.4% |
| 1983 | 238.70 million current LCU | +16.1% |
| 1984 | 264.10 million current LCU | +10.6% |
| 1985 | 231.90 million current LCU | -12.2% |
| 1986 | 229.30 million current LCU | -1.1% |
| 1987 | 223.60 million current LCU | -2.5% |
| 1988 | 240.20 million current LCU | +7.4% |
| 1989 | 233.30 million current LCU | -2.9% |
| 1990 | 421.40 million current LCU | +80.6% |
| 1991 | 397.90 million current LCU | -5.6% |
| 1992 | 344.90 million current LCU | -13.3% |
| 1993 | 347.40 million current LCU | +0.7% |
| 1994 | 340.90 million current LCU | -1.9% |
| 1995 | 356.20 million current LCU | +4.5% |
| 1996 | 375.30 million current LCU | +5.4% |
| 1997 | 400.30 million current LCU | +6.7% |
| 1998 | 447.40 million current LCU | +11.8% |
| 1999 | 453.00 million current LCU | +1.3% |
| 2000 | 473.80 million current LCU | +4.6% |
| 2001 | 476.10 million current LCU | +0.5% |
| 2002 | 468.20 million current LCU | -1.7% |
| 2003 | 519.30 million current LCU | +10.9% |
| 2004 | 535.30 million current LCU | +3.1% |
| 2005 | 535.90 million current LCU | +0.1% |
| 2006 | 650.45 million current LCU | +21.4% |
| 2007 | 643.96 million current LCU | -1.0% |
| 2008 | 686.44 million current LCU | +6.6% |
| 2009 | 627.06 million current LCU | -8.6% |
| 2010 | 597.33 million current LCU | -4.7% |
| 2011 | 647.59 million current LCU | +8.4% |
| 2012 | 590.47 million current LCU | -8.8% |
| 2013 | 620.57 million current LCU | +5.1% |
| 2014 | 592.59 million current LCU | -4.5% |
| 2015 | 636.27 million current LCU | +7.4% |
| 2016 | 634.85 million current LCU | -0.2% |
| 2017 | 649.76 million current LCU | +2.3% |
| 2018 | 635.47 million current LCU | -2.2% |
| 2019 | 646.59 million current LCU | +1.8% |
| 2020 | 550.92 million current LCU | -14.8% |
| 2021 | 571.60 million current LCU | +3.8% |
| 2022 | 709.66 million current LCU | +24.2% |
| 2023 | 744.22 million current LCU | +4.9% |
| 2024 | 752.09 million current LCU | +1.1% |
Barbados compared with similar countries
- Barbados's 752.09 million current LCU is below the median for high income countries, which is 34.51 billion current LCU, 2% of the median. (75 countries reporting)
- Barbados's 752.09 million current LCU is below the median for Latin America & Caribbean, which is 29.06 billion current LCU, 3% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +80.6% | 233.30 million current LCU | 421.40 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 101.60 million current LCU | 71.90 million current LCU | 136.30 million current LCU | 5 |
| 1980s | 223.99 million current LCU | 183.50 million current LCU | 264.10 million current LCU | 10 |
| 1990s | 388.47 million current LCU | 340.90 million current LCU | 453.00 million current LCU | 10 |
| 2000s | 561.65 million current LCU | 468.20 million current LCU | 686.44 million current LCU | 10 |
| 2010s | 625.15 million current LCU | 590.47 million current LCU | 649.76 million current LCU | 10 |
| 2020s | 665.70 million current LCU | 550.92 million current LCU | 752.09 million current LCU | 5 |
Countries ranked near Barbados
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 752.09 million current 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 752.09 million current LCU in 2024.
- What is the lowest manufacturing, value added recorded in Barbados?
- The lowest recorded value was 71.90 million current LCU in 1975.
- How does Barbados rank for manufacturing, value added?
- Barbados ranks 174th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Barbados?
- Over the last ten years it is up 26.9%. The long-run trend across the full record is rising.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.