Manufacturing, value added in Caribbean Small States
Caribbean Small States: Manufacturing, value added was 6.6% in 2024. ▼ Falling
Manufacturing, value added in Caribbean Small States, 2012–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Caribbean Small States recorded 6.6% for manufacturing, value added in 2024. That is the lowest value across all 13 years on record.
The figure is down 8.9% on the previous year and down 33.3% over ten years.
Over the whole period, manufacturing, value added in Caribbean Small States peaked at 11.7% in 2012 and was at its lowest, 6.6%, in 2024.
Caribbean Small States ranks 47th of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Manufacturing, value added in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 11.7% | — |
| 2013 | 10.0% | -14.6% |
| 2014 | 9.9% | -0.6% |
| 2015 | 9.1% | -8.6% |
| 2016 | 10.0% | +10.9% |
| 2017 | 10.0% | -0.1% |
| 2018 | 10.0% | -0.4% |
| 2019 | 8.7% | -13.0% |
| 2020 | 9.2% | +5.3% |
| 2021 | 9.6% | +4.8% |
| 2022 | 9.2% | -3.9% |
| 2023 | 7.3% | -21.4% |
| 2024 | 6.6% | -8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.9% | 8.7% | 11.7% | 8 |
| 2020s | 8.4% | 6.6% | 9.6% | 5 |
Countries ranked near Caribbean Small States
More economy & growth data for Caribbean Small States
- GNI, Atlas method (current US$), annual growth rate 3.62 % change on previous year (2025)
- GNI per capita, Atlas method 19,403 current US$ (2025)
- GNI (current US$), per capita 19,164 current US$ per person (2025)
- GNI (current US$), per unit of GDP 0.9178 current US$ per US$ of GDP (2025)
- GNI (current US$), annual growth rate 3.26 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 19,403 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9292 current US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), annual growth rate 7.98 % change on previous year (2025)
- GDP (current US$), annual growth rate 5.2 % change on previous year (2025)
- GDP (current US$), per capita 20,880 current US$ per person (2025)
Frequently asked questions
- What is manufacturing, value added in Caribbean Small States?
- Manufacturing, value added in Caribbean Small States was 6.6% 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 11.7% in 2012.
- What is the lowest manufacturing, value added recorded in Caribbean Small States?
- The lowest recorded value was 6.6% in 2024.
- How does Caribbean Small States rank for manufacturing, value added?
- Caribbean Small States ranks 47th out of 47 groups with data for 2024.
- Is manufacturing, value added rising or falling in Caribbean Small States?
- Over the last ten years it is down 33.3%. The long-run trend across the full record is falling.
- 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 (% 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.