Services, value added (constant 2015 US$), annual growth rate (2015) in Caribbean Small States
Caribbean Small States: Services, value added (constant 2015 US$), annual growth rate (2015) was 2.45 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Caribbean Small States, 1985–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (constant 2015 us$), annual growth rate in Caribbean Small States is 2.45 % change on previous year, measured in 2024.
Compared with earlier readings it is down 27.1% on the previous year and down 49.6% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Caribbean Small States peaked at 11.03 % change on previous year in 2006 and was at its lowest, -13.81 % change on previous year, in 2020.
That places Caribbean Small States 36th out of 43 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate (2015) in Caribbean Small States, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1985 | -0.1475 % change on previous year | — |
| 1986 | 0.6143 % change on previous year | -516.5% |
| 1987 | 0.7255 % change on previous year | +18.1% |
| 1988 | -3.14 % change on previous year | -532.3% |
| 1989 | 2.04 % change on previous year | -165.2% |
| 1990 | 0.2226 % change on previous year | -89.1% |
| 1991 | -3.83 % change on previous year | -1819.2% |
| 1992 | 1.13 % change on previous year | -129.6% |
| 1993 | 2.72 % change on previous year | +140.5% |
| 1994 | 1.41 % change on previous year | -48.2% |
| 1995 | -0.554 % change on previous year | -139.3% |
| 1996 | 4.27 % change on previous year | -871.2% |
| 1997 | -0.612 % change on previous year | -114.3% |
| 1998 | 4.61 % change on previous year | -853.9% |
| 1999 | 5.47 % change on previous year | +18.6% |
| 2000 | 4.48 % change on previous year | -18.0% |
| 2001 | 2.17 % change on previous year | -51.5% |
| 2002 | 3.29 % change on previous year | +51.4% |
| 2003 | 2.14 % change on previous year | -35.0% |
| 2004 | 7.02 % change on previous year | +228.1% |
| 2005 | 2.36 % change on previous year | -66.4% |
| 2006 | 11.03 % change on previous year | +367.7% |
| 2007 | 5.17 % change on previous year | -53.1% |
| 2008 | 1.91 % change on previous year | -63.1% |
| 2009 | -6.1 % change on previous year | -419.0% |
| 2010 | 2.94 % change on previous year | -148.2% |
| 2011 | 2.71 % change on previous year | -7.9% |
| 2012 | 5.87 % change on previous year | +116.8% |
| 2013 | 2.38 % change on previous year | -59.5% |
| 2014 | 4.86 % change on previous year | +104.6% |
| 2015 | -0.8319 % change on previous year | -117.1% |
| 2016 | -2.18 % change on previous year | +161.9% |
| 2017 | -2.09 % change on previous year | -4.2% |
| 2018 | 1.97 % change on previous year | -194.2% |
| 2019 | 3.4 % change on previous year | +72.6% |
| 2020 | -13.81 % change on previous year | -506.8% |
| 2021 | 5.24 % change on previous year | -137.9% |
| 2022 | 9.01 % change on previous year | +71.8% |
| 2023 | 3.36 % change on previous year | -62.7% |
| 2024 | 2.45 % change on previous year | -27.1% |
Biggest year-on-year movements
Years where Services, value added (constant 2015 US$), annual growth rate (2015) in Caribbean Small States changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -1819.2% | 0.2226 % change on previous year | -3.83 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0199 % change on previous year | -3.14 % change on previous year | 2.04 % change on previous year | 5 |
| 1990s | 1.48 % change on previous year | -3.83 % change on previous year | 5.47 % change on previous year | 10 |
| 2000s | 3.35 % change on previous year | -6.1 % change on previous year | 11.03 % change on previous year | 10 |
| 2010s | 1.9 % change on previous year | -2.18 % change on previous year | 5.87 % change on previous year | 10 |
| 2020s | 1.25 % change on previous year | -13.81 % change on previous year | 9.01 % change on previous year | 5 |
Countries ranked near Caribbean Small States
- 33 Honduras 6.19 % change on previous year compare
- 34 Eswatini 6.17 % change on previous year compare
- 35 Aruba 6.01 % change on previous year compare
- 36 Tanzania 5.83 % change on previous year compare
- 37 Philippines 5.82 % change on previous year compare
- 38 Albania 5.7 % change on previous year compare
- 39 Malaysia 5.7 % change on previous year compare
More economy & growth data for Caribbean Small States
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9241 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per unit of GDP 0.5222 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 10,403 current US$ per person (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4633 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 9,230 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 13.29 % change on previous year (2024)
- Inflation, GDP deflator 2.6% (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- Services, value added (current US$), annual growth rate 4.36 % change on previous year (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Caribbean Small States?
- Services, value added (constant 2015 us$), annual growth rate in Caribbean Small States was 2.45 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Caribbean Small States?
- The highest recorded value was 11.03 % change on previous year in 2006.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Caribbean Small States?
- The lowest recorded value was -13.81 % change on previous year in 2020.
- How does Caribbean Small States rank for services, value added (constant 2015 us$), annual growth rate?
- Caribbean Small States ranks 36th out of 43 groups with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Caribbean Small States?
- Over the last ten years it is down 49.6%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 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.