Service exports in Caribbean Small States
Caribbean Small States: Service exports was 16.23 billion BoP, current US$ in 2024. β Volatile
Service exports in Caribbean Small States, 1976β2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Caribbean Small States recorded 16.23 billion BoP, current US$ for service exports in 2024. That is the highest value across all 49 years on record.
Compared with earlier readings it is up 12.5% on the previous year and up 70.9% over ten years.
Over the whole period, service exports in Caribbean Small States peaked at 16.23 billion BoP, current US$ in 2024 and was at its lowest, 911.46 million BoP, current US$, in 1976.
Caribbean Small States ranks 43rd of 44 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.16 billion BoP, current US$ | 911.46 million BoP, current US$ | 1.45 billion BoP, current US$ | 4 |
| 1980s | 2.28 billion BoP, current US$ | 1.74 billion BoP, current US$ | 3.28 billion BoP, current US$ | 10 |
| 1990s | 4.08 billion BoP, current US$ | 3.40 billion BoP, current US$ | 5.07 billion BoP, current US$ | 10 |
| 2000s | 6.80 billion BoP, current US$ | 5.29 billion BoP, current US$ | 8.32 billion BoP, current US$ | 10 |
| 2010s | 9.65 billion BoP, current US$ | 8.07 billion BoP, current US$ | 12.03 billion BoP, current US$ | 10 |
| 2020s | 11.13 billion BoP, current US$ | 5.06 billion BoP, current US$ | 16.23 billion BoP, current US$ | 5 |
Countries ranked near Caribbean Small States
- 40 Indonesia 42.52 billion BoP, current US$ compare
- 41 Macao Special Administrative Region, People's Republic of China 40.97 billion BoP, current US$ compare
- 42 Cyprus 35.73 billion BoP, current US$ compare
- 43 Egypt, Arab Republic of 34.07 billion BoP, current US$ compare
- 44 Morocco 33.64 billion BoP, current US$ compare
- 45 Lithuania 28.82 billion BoP, current US$ compare
- 46 Malta 25.03 billion BoP, current US$ compare
More economy & growth data for Caribbean Small States
- Foreign direct investment, net inflows 2.08 billion BoP, current US$ (2025)
- Services, value added 47.22 billion current US$ (2024)
- Services, value added 41.90 billion constant 2015 US$ (2024)
- Services, value added 2.5% (2024)
- Foreign direct investment, net inflows 11.4% (2024)
- Inflation, GDP deflator 2.6% (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- Industry (including construction), value added 37.0% (2024)
- Services, value added 52.2% (2024)
Frequently asked questions
- What is service exports in Caribbean Small States?
- Service exports in Caribbean Small States was 16.23 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Caribbean Small States?
- The highest recorded value was 16.23 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Caribbean Small States?
- The lowest recorded value was 911.46 million BoP, current US$ in 1976.
- How does Caribbean Small States rank for service exports?
- Caribbean Small States ranks 43rd out of 44 groups with data for 2024.
- Is service exports rising or falling in Caribbean Small States?
- Over the last ten years it is up 70.9%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.