Services, value added (constant 2015 US$) in Caribbean Small States
Caribbean Small States: Services, value added (constant 2015 US$) was 41.90 billion constant 2015 US$ in 2024. ▲ Rising
Services, value added in Caribbean Small States, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Caribbean Small States recorded 41.90 billion constant 2015 US$ for services, value added in 2024. That is the highest value across all 41 years on record.
That represents a change of up 2.5% on the previous year and up 4.9% over ten years.
Over the whole period, services, value added in Caribbean Small States peaked at 41.90 billion constant 2015 US$ in 2024 and was at its lowest, 20.13 billion constant 2015 US$, in 1991.
That places Caribbean Small States 42nd out of 43 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Services, value added (constant 2015 US$) in Caribbean Small States, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1984 | 20.88 billion constant 2015 US$ | — |
| 1985 | 20.85 billion constant 2015 US$ | -0.1% |
| 1986 | 20.98 billion constant 2015 US$ | +0.6% |
| 1987 | 21.13 billion constant 2015 US$ | +0.7% |
| 1988 | 20.47 billion constant 2015 US$ | -3.1% |
| 1989 | 20.89 billion constant 2015 US$ | +2.0% |
| 1990 | 20.93 billion constant 2015 US$ | +0.2% |
| 1991 | 20.13 billion constant 2015 US$ | -3.8% |
| 1992 | 20.36 billion constant 2015 US$ | +1.1% |
| 1993 | 20.91 billion constant 2015 US$ | +2.7% |
| 1994 | 21.21 billion constant 2015 US$ | +1.4% |
| 1995 | 21.09 billion constant 2015 US$ | -0.6% |
| 1996 | 21.99 billion constant 2015 US$ | +4.3% |
| 1997 | 21.86 billion constant 2015 US$ | -0.6% |
| 1998 | 22.87 billion constant 2015 US$ | +4.6% |
| 1999 | 24.12 billion constant 2015 US$ | +5.5% |
| 2000 | 25.20 billion constant 2015 US$ | +4.5% |
| 2001 | 25.75 billion constant 2015 US$ | +2.2% |
| 2002 | 26.59 billion constant 2015 US$ | +3.3% |
| 2003 | 27.16 billion constant 2015 US$ | +2.1% |
| 2004 | 29.07 billion constant 2015 US$ | +7.0% |
| 2005 | 29.76 billion constant 2015 US$ | +2.4% |
| 2006 | 33.04 billion constant 2015 US$ | +11.0% |
| 2007 | 34.75 billion constant 2015 US$ | +5.2% |
| 2008 | 35.41 billion constant 2015 US$ | +1.9% |
| 2009 | 33.25 billion constant 2015 US$ | -6.1% |
| 2010 | 34.23 billion constant 2015 US$ | +2.9% |
| 2011 | 35.16 billion constant 2015 US$ | +2.7% |
| 2012 | 37.22 billion constant 2015 US$ | +5.9% |
| 2013 | 38.11 billion constant 2015 US$ | +2.4% |
| 2014 | 39.96 billion constant 2015 US$ | +4.9% |
| 2015 | 39.63 billion constant 2015 US$ | -0.8% |
| 2016 | 38.76 billion constant 2015 US$ | -2.2% |
| 2017 | 37.95 billion constant 2015 US$ | -2.1% |
| 2018 | 38.70 billion constant 2015 US$ | +2.0% |
| 2019 | 40.01 billion constant 2015 US$ | +3.4% |
| 2020 | 34.49 billion constant 2015 US$ | -13.8% |
| 2021 | 36.29 billion constant 2015 US$ | +5.2% |
| 2022 | 39.56 billion constant 2015 US$ | +9.0% |
| 2023 | 40.89 billion constant 2015 US$ | +3.4% |
| 2024 | 41.90 billion constant 2015 US$ | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 20.87 billion constant 2015 US$ | 20.47 billion constant 2015 US$ | 21.13 billion constant 2015 US$ | 6 |
| 1990s | 21.55 billion constant 2015 US$ | 20.13 billion constant 2015 US$ | 24.12 billion constant 2015 US$ | 10 |
| 2000s | 30.00 billion constant 2015 US$ | 25.20 billion constant 2015 US$ | 35.41 billion constant 2015 US$ | 10 |
| 2010s | 37.97 billion constant 2015 US$ | 34.23 billion constant 2015 US$ | 40.01 billion constant 2015 US$ | 10 |
| 2020s | 38.63 billion constant 2015 US$ | 34.49 billion constant 2015 US$ | 41.90 billion constant 2015 US$ | 5 |
Countries ranked near Caribbean Small States
- 39 Denmark 230.45 billion constant 2015 US$ compare
- 40 Pakistan 229.48 billion constant 2015 US$ compare
- 41 Vietnam 193.10 billion constant 2015 US$ compare
- 42 Chile 186.17 billion constant 2015 US$ compare
- 43 Bangladesh 182.03 billion constant 2015 US$ compare
- 44 Finland 162.11 billion constant 2015 US$ compare
- 45 Portugal 161.91 billion constant 2015 US$ 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$), per capita 10,403 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 2.45 % change on previous year (2024)
- Services, value added (constant 2015 US$), 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$), annual growth 13.29 % change on previous year (2024)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- GDP 95.14 billion current US$ (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Services, value added (current US$), per unit of GDP 0.5222 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Caribbean Small States?
- Services, value added in Caribbean Small States was 41.90 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Caribbean Small States?
- The highest recorded value was 41.90 billion constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in Caribbean Small States?
- The lowest recorded value was 20.13 billion constant 2015 US$ in 1991.
- How does Caribbean Small States rank for services, value added?
- Caribbean Small States ranks 42nd out of 43 groups with data for 2024.
- Is services, value added rising or falling in Caribbean Small States?
- Over the last ten years it is up 4.9%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States 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
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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.