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Services, value added (constant 2015 US$), per unit of GDP in Caribbean Small States

Caribbean Small States: Services, value added (constant 2015 US$), per unit of GDP was 0.4633 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling

Latest (2024)
0.4633 constant 2015 US$ per US$ of GDP
Change on year
down 9.8%
Rank
34th
of 43 groups
All-time high
1.78 constant 2015 US$ per US$ of GDP
in 1986
All-time low
0.4633 constant 2015 US$ per US$ of GDP
in 2024
Years of data
41
1984–2024

Services, value added (constant 2015 US$), per unit of GDP in Caribbean Small States, 1984–2024

0.511.521984200420241984: 1.5 constant 2015 US$ per US$ of GDP1985: 1.5 constant 2015 US$ per US$ of GDP1986: 1.8 constant 2015 US$ per US$ of GDP1987: 1.7 constant 2015 US$ per US$ of GDP1988: 1.6 constant 2015 US$ per US$ of GDP1989: 1.7 constant 2015 US$ per US$ of GDP1990: 1.5 constant 2015 US$ per US$ of GDP1991: 1.4 constant 2015 US$ per US$ of GDP1992: 1.4 constant 2015 US$ per US$ of GDP1993: 1.5 constant 2015 US$ per US$ of GDP1994: 1.4 constant 2015 US$ per US$ of GDP1995: 1.3 constant 2015 US$ per US$ of GDP1996: 1.3 constant 2015 US$ per US$ of GDP1997: 1.1 constant 2015 US$ per US$ of GDP1998: 1.1 constant 2015 US$ per US$ of GDP1999: 1 constant 2015 US$ per US$ of GDP2000: 0.983 constant 2015 US$ per US$ of GDP2001: 0.971 constant 2015 US$ per US$ of GDP2002: 0.959 constant 2015 US$ per US$ of GDP2003: 0.888 constant 2015 US$ per US$ of GDP2004: 0.865 constant 2015 US$ per US$ of GDP2005: 0.778 constant 2015 US$ per US$ of GDP2006: 0.745 constant 2015 US$ per US$ of GDP2007: 0.699 constant 2015 US$ per US$ of GDP2008: 0.618 constant 2015 US$ per US$ of GDP2009: 0.694 constant 2015 US$ per US$ of GDP2010: 0.648 constant 2015 US$ per US$ of GDP2011: 0.62 constant 2015 US$ per US$ of GDP2012: 0.619 constant 2015 US$ per US$ of GDP2013: 0.614 constant 2015 US$ per US$ of GDP2014: 0.623 constant 2015 US$ per US$ of GDP2015: 0.634 constant 2015 US$ per US$ of GDP2016: 0.667 constant 2015 US$ per US$ of GDP2017: 0.634 constant 2015 US$ per US$ of GDP2018: 0.632 constant 2015 US$ per US$ of GDP2019: 0.643 constant 2015 US$ per US$ of GDP2020: 0.647 constant 2015 US$ per US$ of GDP2021: 0.579 constant 2015 US$ per US$ of GDP2022: 0.504 constant 2015 US$ per US$ of GDP2023: 0.514 constant 2015 US$ per US$ of GDP2024: 0.463 constant 2015 US$ per US$ of GDP

Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.

Analysis

The most recent figure for services, value added (constant 2015 us$), per unit of gdp in Caribbean Small States is 0.4633 constant 2015 US$ per US$ of GDP, measured in 2024. That is the lowest value across all 41 years on record.

The figure is down 9.8% on the previous year and down 25.6% over ten years.

Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Caribbean Small States peaked at 1.78 constant 2015 US$ per US$ of GDP in 1986 and was at its lowest, 0.4633 constant 2015 US$ per US$ of GDP, in 2024.

That places Caribbean Small States 34th out of 43 groups with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 41 years of available data.

Services, value added (constant 2015 US$), per unit of GDP in Caribbean Small States, year by year

Year constant 2015 US$ per US$ of GDP Change
1984 1.53 constant 2015 US$ per US$ of GDP —
1985 1.51 constant 2015 US$ per US$ of GDP -0.9%
1986 1.78 constant 2015 US$ per US$ of GDP +17.9%
1987 1.71 constant 2015 US$ per US$ of GDP -3.9%
1988 1.61 constant 2015 US$ per US$ of GDP -6.3%
1989 1.66 constant 2015 US$ per US$ of GDP +3.2%
1990 1.54 constant 2015 US$ per US$ of GDP -6.9%
1991 1.44 constant 2015 US$ per US$ of GDP -6.4%
1992 1.43 constant 2015 US$ per US$ of GDP -1.0%
1993 1.51 constant 2015 US$ per US$ of GDP +5.9%
1994 1.43 constant 2015 US$ per US$ of GDP -5.3%
1995 1.34 constant 2015 US$ per US$ of GDP -6.5%
1996 1.3 constant 2015 US$ per US$ of GDP -3.2%
1997 1.09 constant 2015 US$ per US$ of GDP -16.1%
1998 1.06 constant 2015 US$ per US$ of GDP -3.0%
1999 1.03 constant 2015 US$ per US$ of GDP -2.4%
2000 0.9834 constant 2015 US$ per US$ of GDP -4.6%
2001 0.9714 constant 2015 US$ per US$ of GDP -1.2%
2002 0.9587 constant 2015 US$ per US$ of GDP -1.3%
2003 0.888 constant 2015 US$ per US$ of GDP -7.4%
2004 0.8653 constant 2015 US$ per US$ of GDP -2.6%
2005 0.7785 constant 2015 US$ per US$ of GDP -10.0%
2006 0.7454 constant 2015 US$ per US$ of GDP -4.3%
2007 0.6986 constant 2015 US$ per US$ of GDP -6.3%
2008 0.6181 constant 2015 US$ per US$ of GDP -11.5%
2009 0.694 constant 2015 US$ per US$ of GDP +12.3%
2010 0.6483 constant 2015 US$ per US$ of GDP -6.6%
2011 0.6198 constant 2015 US$ per US$ of GDP -4.4%
2012 0.6188 constant 2015 US$ per US$ of GDP -0.2%
2013 0.614 constant 2015 US$ per US$ of GDP -0.8%
2014 0.623 constant 2015 US$ per US$ of GDP +1.5%
2015 0.6335 constant 2015 US$ per US$ of GDP +1.7%
2016 0.6674 constant 2015 US$ per US$ of GDP +5.3%
2017 0.6341 constant 2015 US$ per US$ of GDP -5.0%
2018 0.6318 constant 2015 US$ per US$ of GDP -0.4%
2019 0.6435 constant 2015 US$ per US$ of GDP +1.8%
2020 0.6465 constant 2015 US$ per US$ of GDP +0.5%
2021 0.5789 constant 2015 US$ per US$ of GDP -10.5%
2022 0.5041 constant 2015 US$ per US$ of GDP -12.9%
2023 0.5138 constant 2015 US$ per US$ of GDP +1.9%
2024 0.4633 constant 2015 US$ per US$ of GDP -9.8%

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.63 constant 2015 US$ per US$ of GDP 1.51 constant 2015 US$ per US$ of GDP 1.78 constant 2015 US$ per US$ of GDP 6
1990s 1.32 constant 2015 US$ per US$ of GDP 1.03 constant 2015 US$ per US$ of GDP 1.54 constant 2015 US$ per US$ of GDP 10
2000s 0.8201 constant 2015 US$ per US$ of GDP 0.6181 constant 2015 US$ per US$ of GDP 0.9834 constant 2015 US$ per US$ of GDP 10
2010s 0.6334 constant 2015 US$ per US$ of GDP 0.614 constant 2015 US$ per US$ of GDP 0.6674 constant 2015 US$ per US$ of GDP 10
2020s 0.5413 constant 2015 US$ per US$ of GDP 0.4633 constant 2015 US$ per US$ of GDP 0.6465 constant 2015 US$ per US$ of GDP 5

Countries ranked near Caribbean Small States

  1. 31 Cyprus 0.6118 constant 2015 US$ per US$ of GDP compare
  2. 32 Andorra 0.6063 constant 2015 US$ per US$ of GDP compare
  3. 33 Saint Kitts and Nevis 0.6062 constant 2015 US$ per US$ of GDP compare
  4. 34 Seychelles 0.6006 constant 2015 US$ per US$ of GDP compare
  5. 35 Botswana 0.5994 constant 2015 US$ per US$ of GDP compare
  6. 36 Republic of Korea 0.5965 constant 2015 US$ per US$ of GDP compare
  7. 37 France 0.5937 constant 2015 US$ per US$ of GDP compare

See the full ranking of 238 places →

More economy & growth data for Caribbean Small States

All data for Caribbean Small States →

Frequently asked questions

What is services, value added (constant 2015 us$), per unit of gdp in Caribbean Small States?
Services, value added (constant 2015 us$), per unit of gdp in Caribbean Small States was 0.4633 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Caribbean Small States?
The highest recorded value was 1.78 constant 2015 US$ per US$ of GDP in 1986.
What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Caribbean Small States?
The lowest recorded value was 0.4633 constant 2015 US$ per US$ of GDP in 2024.
How does Caribbean Small States rank for services, value added (constant 2015 us$), per unit of gdp?
Caribbean Small States ranks 34th out of 43 groups with data for 2024.
Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Caribbean Small States?
Over the last ten years it is down 25.6%. The long-run trend across the full record is falling.
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$), per unit of GDP. Statizoid updates them automatically from the source API.

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Services, value added (constant 2015 US$), per unit of GDP in Caribbean Small States. Statizoid, drawing on Statizoid (derived). Retrieved 31 August 2026, from https://economy.statizoid.com/stat/services-value-added-constant-2015-us-per-unit-of-gdp/caribbean-small-states/

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How this figure is calculated

Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Services, value added (constant 2015 US$) ÷ GDP (current US$)

Computed from

  • Services, value added Country official statistics, National Statistical Offices (NSOs)
  • GDP Country official statistics, National Statistical Organizations and/or Central Banks

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

Indicator
Services, value added (constant 2015 US$), per unit of GDP
Unit
constant 2015 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
238 places, 9,768 data points, 1960–2025
Last refreshed

Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.