Manufacturing, value added in Barbados
Barbados: Manufacturing, value added was 4.9% in 2024. ▼ Falling
Manufacturing, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, manufacturing, value added in Barbados stood at 4.9%.
The figure is down 3.9% on the previous year and down 5.0% over ten years.
Over the whole period, manufacturing, value added in Barbados peaked at 10.4% in 1990 and was at its lowest, 4.8%, in 2021.
That places Barbados 158th out of 203 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 | % of GDP | Change |
|---|---|---|
| 1975 | 8.8% | — |
| 1976 | 9.7% | +9.7% |
| 1977 | 10.3% | +6.4% |
| 1978 | 10.1% | -2.1% |
| 1979 | 10.1% | +0.0% |
| 1980 | 9.0% | -10.8% |
| 1981 | 8.5% | -6.1% |
| 1982 | 8.8% | +3.8% |
| 1983 | 9.6% | +9.3% |
| 1984 | 9.7% | +1.5% |
| 1985 | 8.2% | -16.1% |
| 1986 | 7.4% | -10.0% |
| 1987 | 6.5% | -11.4% |
| 1988 | 6.6% | +1.0% |
| 1989 | 5.8% | -12.2% |
| 1990 | 10.4% | +80.1% |
| 1991 | 9.8% | -6.0% |
| 1992 | 8.8% | -10.0% |
| 1993 | 8.4% | -5.0% |
| 1994 | 7.9% | -5.9% |
| 1995 | 8.0% | +1.4% |
| 1996 | 7.9% | -1.2% |
| 1997 | 8.0% | +0.9% |
| 1998 | 7.9% | -0.9% |
| 1999 | 7.6% | -3.4% |
| 2000 | 7.7% | +1.5% |
| 2001 | 7.8% | +0.6% |
| 2002 | 7.5% | -3.3% |
| 2003 | 8.1% | +7.4% |
| 2004 | 7.8% | -4.0% |
| 2005 | 7.0% | -9.7% |
| 2006 | 7.7% | +9.9% |
| 2007 | 6.9% | -10.7% |
| 2008 | 7.2% | +4.0% |
| 2009 | 7.0% | -2.0% |
| 2010 | 5.5% | -21.6% |
| 2011 | 5.8% | +5.8% |
| 2012 | 5.4% | -7.5% |
| 2013 | 5.5% | +1.9% |
| 2014 | 5.2% | -4.9% |
| 2015 | 5.6% | +7.1% |
| 2016 | 5.6% | +0.1% |
| 2017 | 5.6% | -0.6% |
| 2018 | 5.3% | -4.7% |
| 2019 | 5.2% | -1.0% |
| 2020 | 5.1% | -2.8% |
| 2021 | 4.8% | -5.8% |
| 2022 | 5.2% | +7.2% |
| 2023 | 5.2% | -0.0% |
| 2024 | 4.9% | -3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.8% | 8.8% | 10.3% | 5 |
| 1980s | 8.0% | 5.8% | 9.7% | 10 |
| 1990s | 8.5% | 7.6% | 10.4% | 10 |
| 2000s | 7.5% | 6.9% | 8.1% | 10 |
| 2010s | 5.5% | 5.2% | 5.8% | 10 |
| 2020s | 5.0% | 4.8% | 5.2% | 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)
- Services, value added (constant LCU), per capita 39,942 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.51 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.896 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 25,416 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.79 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 50,832 current LCU per person (2025)
Frequently asked questions
- What is manufacturing, value added in Barbados?
- Manufacturing, value added in Barbados was 4.9% 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 10.4% in 1990.
- What is the lowest manufacturing, value added recorded in Barbados?
- The lowest recorded value was 4.8% in 2021.
- How does Barbados rank for manufacturing, value added?
- Barbados ranks 158th out of 203 countries with data for 2024.
- Is manufacturing, value added rising or falling in Barbados?
- Over the last ten years it is down 5.0%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.