Service exports (BoP, current US$), annual growth rate in Caribbean Small States
Caribbean Small States: Service exports (BoP, current US$), annual growth rate was 12.46 % change on previous year in 2024. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Caribbean Small States, 1977–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for service exports (bop, current us$), annual growth rate in Caribbean Small States is 12.46 % change on previous year, measured in 2024.
Compared with earlier readings it is down 26.7% on the previous year and up 128.7% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Caribbean Small States peaked at 62.38 % change on previous year in 2022 and was at its lowest, -57.94 % change on previous year, in 2020.
Caribbean Small States ranks 4th of 45 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Caribbean Small States, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 18.2 % change on previous year | — |
| 1978 | 12.01 % change on previous year | -34.0% |
| 1979 | 20.55 % change on previous year | +71.1% |
| 1980 | 19.44 % change on previous year | -5.4% |
| 1981 | 3.84 % change on previous year | -80.2% |
| 1982 | 4.49 % change on previous year | +16.8% |
| 1983 | -5.75 % change on previous year | -228.2% |
| 1984 | 11.54 % change on previous year | -300.7% |
| 1985 | 14.38 % change on previous year | +24.6% |
| 1986 | 11.33 % change on previous year | -21.2% |
| 1987 | 4.21 % change on previous year | -62.8% |
| 1988 | 10.07 % change on previous year | +139.0% |
| 1989 | 13.21 % change on previous year | +31.2% |
| 1990 | 4.66 % change on previous year | -64.7% |
| 1991 | -0.8091 % change on previous year | -117.4% |
| 1992 | 5.52 % change on previous year | -782.6% |
| 1993 | 3.9 % change on previous year | -29.5% |
| 1994 | 5.21 % change on previous year | +33.8% |
| 1995 | 1.82 % change on previous year | -65.1% |
| 1996 | 10.12 % change on previous year | +455.7% |
| 1997 | 2.94 % change on previous year | -71.0% |
| 1998 | 4.47 % change on previous year | +52.1% |
| 1999 | 7.15 % change on previous year | +60.2% |
| 2000 | 9.48 % change on previous year | +32.5% |
| 2001 | -4.61 % change on previous year | -148.7% |
| 2002 | 7.45 % change on previous year | -261.6% |
| 2003 | 6.5 % change on previous year | -12.8% |
| 2004 | 8.99 % change on previous year | +38.3% |
| 2005 | 10.69 % change on previous year | +18.9% |
| 2006 | 0.8446 % change on previous year | -92.1% |
| 2007 | 10.35 % change on previous year | +1125.7% |
| 2008 | 2.3 % change on previous year | -77.8% |
| 2009 | -7.69 % change on previous year | -434.1% |
| 2010 | 5.05 % change on previous year | -165.7% |
| 2011 | 4 % change on previous year | -20.8% |
| 2012 | 5.11 % change on previous year | +27.7% |
| 2013 | 2.12 % change on previous year | -58.6% |
| 2014 | 5.45 % change on previous year | +157.5% |
| 2015 | 0.0201 % change on previous year | -99.6% |
| 2016 | 5.33 % change on previous year | +26427.7% |
| 2017 | -0.2105 % change on previous year | -103.9% |
| 2018 | 12.12 % change on previous year | -5857.9% |
| 2019 | 7.46 % change on previous year | -38.5% |
| 2020 | -57.94 % change on previous year | -876.8% |
| 2021 | 50.09 % change on previous year | -186.5% |
| 2022 | 62.38 % change on previous year | +24.5% |
| 2023 | 17.01 % change on previous year | -72.7% |
| 2024 | 12.46 % change on previous year | -26.7% |
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Caribbean Small States changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +26427.7% | 0.0201 % change on previous year | 5.33 % change on previous year |
| 2018 | +5857.9% | -0.2105 % change on previous year | 12.12 % change on previous year |
| 2007 | +1125.7% | 0.8446 % change on previous year | 10.35 % change on previous year |
| 2020 | -876.8% | 7.46 % change on previous year | -57.94 % change on previous year |
| 1992 | +782.6% | -0.8091 % change on previous year | 5.52 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.92 % change on previous year | 12.01 % change on previous year | 20.55 % change on previous year | 3 |
| 1980s | 8.67 % change on previous year | -5.75 % change on previous year | 19.44 % change on previous year | 10 |
| 1990s | 4.5 % change on previous year | -0.8091 % change on previous year | 10.12 % change on previous year | 10 |
| 2000s | 4.43 % change on previous year | -7.69 % change on previous year | 10.69 % change on previous year | 10 |
| 2010s | 4.64 % change on previous year | -0.2105 % change on previous year | 12.12 % change on previous year | 10 |
| 2020s | 16.8 % change on previous year | -57.94 % change on previous year | 62.38 % change on previous year | 5 |
Countries ranked near Caribbean Small States
- 1 Libya 662.71 % change on previous year compare
- 2 Tuvalu 390.58 % change on previous year compare
- 3 Vanuatu 178.34 % change on previous year compare
- 4 Bhutan 126.6 % change on previous year compare
- 5 Guyana 123.11 % change on previous year compare
- 6 Nauru 94.9 % change on previous year compare
- 7 Gabon 90.69 % change on previous year compare
More economy & growth data for Caribbean Small States
- GDP per capita 20,053 constant 2015 US$ (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- GDP 95.14 billion current US$ (2025)
- GDP 91.37 billion constant 2015 US$ (2025)
- Industry (including construction), value added (current US$), per 0.3699 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 7,369 current US$ per person (2024)
- GDP per capita 20,880 current US$ (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3684 constant 2015 US$ per US$ of GDP (2024)
- GNI 87.32 billion current US$ (2025)
- GNI, Atlas method 88.41 billion current US$ (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Caribbean Small States?
- Service exports (bop, current us$), annual growth rate in Caribbean Small States was 12.46 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Caribbean Small States?
- The highest recorded value was 62.38 % change on previous year in 2022.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Caribbean Small States?
- The lowest recorded value was -57.94 % change on previous year in 2020.
- How does Caribbean Small States rank for service exports (bop, current us$), annual growth rate?
- Caribbean Small States ranks 4th out of 45 groups with data for 2024.
- Is service exports (bop, current us$), annual growth rate rising or falling in Caribbean Small States?
- Over the last ten years it is up 128.7%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.