Services, value added (constant 2015 US$), annual growth rate (2015) in Barbados
Barbados: Services, value added (constant 2015 US$), annual growth rate (2015) was 3.44 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Barbados, 1976–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Barbados recorded 3.44 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2024.
Compared with earlier readings it is up 54.6% on the previous year and up 150.4% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Barbados peaked at 94.71 % change on previous year in 2006 and was at its lowest, -19.48 % change on previous year, in 2020.
Barbados ranks 97th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate (2015) in Barbados, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1976 | 1.37 % change on previous year | — |
| 1977 | 6.13 % change on previous year | +346.6% |
| 1978 | 4.52 % change on previous year | -26.3% |
| 1979 | 9.03 % change on previous year | +99.5% |
| 1980 | 4.5 % change on previous year | -50.2% |
| 1981 | 0.1238 % change on previous year | -97.2% |
| 1982 | -5.36 % change on previous year | -4431.1% |
| 1983 | -0.8282 % change on previous year | -84.6% |
| 1984 | 3.63 % change on previous year | -538.4% |
| 1985 | 2.98 % change on previous year | -17.8% |
| 1986 | 5.25 % change on previous year | +75.9% |
| 1987 | 6.4 % change on previous year | +21.9% |
| 1988 | 3.39 % change on previous year | -46.9% |
| 1989 | 4.59 % change on previous year | +35.2% |
| 1990 | -3.66 % change on previous year | -179.8% |
| 1991 | -3.93 % change on previous year | +7.3% |
| 1992 | -4.93 % change on previous year | +25.4% |
| 1993 | 1.83 % change on previous year | -137.1% |
| 1994 | 4.88 % change on previous year | +166.5% |
| 1995 | 1.33 % change on previous year | -72.8% |
| 1996 | 2.64 % change on previous year | +99.0% |
| 1997 | 4.56 % change on previous year | +72.8% |
| 1998 | 6.91 % change on previous year | +51.6% |
| 1999 | -0.7368 % change on previous year | -110.7% |
| 2000 | 5.81 % change on previous year | -888.2% |
| 2001 | -2.22 % change on previous year | -138.2% |
| 2002 | 0.4488 % change on previous year | -120.2% |
| 2003 | 2.96 % change on previous year | +558.9% |
| 2004 | 1.56 % change on previous year | -47.3% |
| 2005 | -6.41 % change on previous year | -510.9% |
| 2006 | 94.71 % change on previous year | -1577.8% |
| 2007 | 3.07 % change on previous year | -96.8% |
| 2008 | 0.0259 % change on previous year | -99.2% |
| 2009 | -5.1 % change on previous year | -19781.9% |
| 2010 | -8.85 % change on previous year | +73.6% |
| 2011 | 0.346 % change on previous year | -103.9% |
| 2012 | -3.4 % change on previous year | -1083.1% |
| 2013 | 0.587 % change on previous year | -117.3% |
| 2014 | 1.37 % change on previous year | +134.0% |
| 2015 | -1.55 % change on previous year | -212.9% |
| 2016 | 1.82 % change on previous year | -217.3% |
| 2017 | 0.9122 % change on previous year | -49.8% |
| 2018 | -0.0137 % change on previous year | -101.5% |
| 2019 | -0.0971 % change on previous year | +608.4% |
| 2020 | -19.48 % change on previous year | +19965.4% |
| 2021 | 12.5 % change on previous year | -164.2% |
| 2022 | 16.62 % change on previous year | +33.0% |
| 2023 | 2.22 % change on previous year | -86.6% |
| 2024 | 3.44 % change on previous year | +54.6% |
Barbados compared with similar countries
- Barbados's 3.44 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 1.6× the median. (69 countries reporting)
- Barbados's 3.44 % change on previous year is above the median for Latin America & Caribbean, which is 3.32 % change on previous year, 1.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant 2015 US$), annual growth rate (2015) 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 |
|---|---|---|---|
| 2020 | -19965.4% | -0.0971 % change on previous year | -19.48 % change on previous year |
| 2009 | -19781.9% | 0.0259 % change on previous year | -5.1 % change on previous year |
| 1982 | -4431.1% | 0.1238 % change on previous year | -5.36 % change on previous year |
| 2006 | +1577.8% | -6.41 % change on previous year | 94.71 % change on previous year |
| 2012 | -1083.1% | 0.346 % change on previous year | -3.4 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.27 % change on previous year | 1.37 % change on previous year | 9.03 % change on previous year | 4 |
| 1980s | 2.47 % change on previous year | -5.36 % change on previous year | 6.4 % change on previous year | 10 |
| 1990s | 0.8888 % change on previous year | -4.93 % change on previous year | 6.91 % change on previous year | 10 |
| 2000s | 9.49 % change on previous year | -6.41 % change on previous year | 94.71 % change on previous year | 10 |
| 2010s | -0.8872 % change on previous year | -8.85 % change on previous year | 1.82 % change on previous year | 10 |
| 2020s | 3.06 % change on previous year | -19.48 % change on previous year | 16.62 % change on previous year | 5 |
Countries ranked near Barbados
- 94 Ukraine 3.53 % change on previous year compare
- 95 Fiji 3.49 % change on previous year compare
- 96 Dominica 3.46 % change on previous year compare
- 98 Cameroon 3.44 % change on previous year compare
- 99 East Timor 3.41 % change on previous year compare
- 100 Cambodia 3.34 % change on previous year compare
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)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0583 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Barbados?
- Services, value added (constant 2015 us$), annual growth rate in Barbados was 3.44 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Barbados?
- The highest recorded value was 94.71 % change on previous year in 2006.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Barbados?
- The lowest recorded value was -19.48 % change on previous year in 2020.
- How does Barbados rank for services, value added (constant 2015 us$), annual growth rate?
- Barbados ranks 97th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Barbados?
- Over the last ten years it is up 150.4%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.