Services, value added in Barbados
Barbados: Services, value added was 4.88 billion constant 2015 US$ in 2024. ▲ Rising
Services, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Barbados is 4.88 billion constant 2015 US$, measured in 2024.
That represents a change of up 3.4% on the previous year and up 12.9% over ten years.
Over the whole period, services, value added in Barbados peaked at 5.06 billion constant 2015 US$ in 2008 and was at its lowest, 1.47 billion constant 2015 US$, in 1975.
Barbados ranks 152nd of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.60 billion constant 2015 US$ | 1.47 billion constant 2015 US$ | 1.80 billion constant 2015 US$ | 5 |
| 1980s | 1.96 billion constant 2015 US$ | 1.77 billion constant 2015 US$ | 2.29 billion constant 2015 US$ | 10 |
| 1990s | 2.22 billion constant 2015 US$ | 2.01 billion constant 2015 US$ | 2.50 billion constant 2015 US$ | 10 |
| 2000s | 3.55 billion constant 2015 US$ | 2.52 billion constant 2015 US$ | 5.06 billion constant 2015 US$ | 10 |
| 2010s | 4.33 billion constant 2015 US$ | 4.24 billion constant 2015 US$ | 4.39 billion constant 2015 US$ | 10 |
| 2020s | 4.34 billion constant 2015 US$ | 3.52 billion constant 2015 US$ | 4.88 billion constant 2015 US$ | 5 |
Countries ranked near Barbados
- 149 Tajikistan 5.20 billion constant 2015 US$ compare
- 150 Maldives 5.17 billion constant 2015 US$ compare
- 151 Chad 4.93 billion constant 2015 US$ compare
- 153 Sierra Leone 4.74 billion constant 2015 US$ compare
- 154 Congo 4.70 billion constant 2015 US$ compare
- 155 Mauritania 4.65 billion constant 2015 US$ compare
More economy & growth data for Barbados
- Inflation of consumer prices 0.8% (2025)
- GDP per capita 23,014 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.9% (2024)
- Gross domestic product (GDP) 6.50 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 23,014 constant 2015 US$ (2025)
- DEC alternative conversion factor 2 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 181.00 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 90.50 million current US$ (2025)
- Taxes less subsidies on products 1.67 billion current LCU (2025)
- Taxes less subsidies on products 833.40 million current US$ (2025)
Frequently asked questions
- What is services, value added in Barbados?
- Services, value added in Barbados was 4.88 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Barbados?
- The highest recorded value was 5.06 billion constant 2015 US$ in 2008.
- What is the lowest services, value added recorded in Barbados?
- The lowest recorded value was 1.47 billion constant 2015 US$ in 1975.
- How does Barbados rank for services, value added?
- Barbados ranks 152nd out of 194 countries with data for 2024.
- Is services, value added rising or falling in Barbados?
- Over the last ten years it is up 12.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.