Services, value added (constant LCU), per unit of GDP in Barbados
Barbados: Services, value added (constant LCU), per unit of GDP was 1.48 constant LCU per US$ of GDP in 2024. ◆ Volatile
Services, value added (constant LCU), per unit of GDP in Barbados, 1975–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for services, value added (constant lcu), per unit of gdp in Barbados is 1.48 constant LCU per US$ of GDP, measured in 2024. That is the lowest value across all 50 years on record.
That represents a change of down 1.7% on the previous year and down 15.5% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Barbados peaked at 8.44 constant LCU per US$ of GDP in 1975 and was at its lowest, 1.48 constant LCU per US$ of GDP, in 2024.
That places Barbados 114th out of 197 countries with data for 2024, putting it 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 LCU), per unit of GDP in Barbados, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1975 | 8.44 constant LCU per US$ of GDP | — |
| 1976 | 7.89 constant LCU per US$ of GDP | -6.5% |
| 1977 | 7.37 constant LCU per US$ of GDP | -6.6% |
| 1978 | 6.9 constant LCU per US$ of GDP | -6.4% |
| 1979 | 6.21 constant LCU per US$ of GDP | -10.1% |
| 1980 | 4.3 constant LCU per US$ of GDP | -30.8% |
| 1981 | 3.91 constant LCU per US$ of GDP | -9.0% |
| 1982 | 3.54 constant LCU per US$ of GDP | -9.4% |
| 1983 | 3.31 constant LCU per US$ of GDP | -6.6% |
| 1984 | 3.14 constant LCU per US$ of GDP | -4.9% |
| 1985 | 3.09 constant LCU per US$ of GDP | -1.6% |
| 1986 | 2.97 constant LCU per US$ of GDP | -4.1% |
| 1987 | 2.86 constant LCU per US$ of GDP | -3.4% |
| 1988 | 2.79 constant LCU per US$ of GDP | -2.8% |
| 1989 | 2.63 constant LCU per US$ of GDP | -5.5% |
| 1990 | 2.53 constant LCU per US$ of GDP | -3.9% |
| 1991 | 2.42 constant LCU per US$ of GDP | -4.3% |
| 1992 | 2.37 constant LCU per US$ of GDP | -1.8% |
| 1993 | 2.29 constant LCU per US$ of GDP | -3.4% |
| 1994 | 2.31 constant LCU per US$ of GDP | +0.6% |
| 1995 | 2.27 constant LCU per US$ of GDP | -1.7% |
| 1996 | 2.18 constant LCU per US$ of GDP | -3.7% |
| 1997 | 2.16 constant LCU per US$ of GDP | -1.1% |
| 1998 | 2.05 constant LCU per US$ of GDP | -5.2% |
| 1999 | 1.94 constant LCU per US$ of GDP | -5.3% |
| 2000 | 1.98 constant LCU per US$ of GDP | +2.1% |
| 2001 | 1.94 constant LCU per US$ of GDP | -2.1% |
| 2002 | 1.92 constant LCU per US$ of GDP | -1.2% |
| 2003 | 1.91 constant LCU per US$ of GDP | -0.3% |
| 2004 | 1.81 constant LCU per US$ of GDP | -5.4% |
| 2005 | 1.52 constant LCU per US$ of GDP | -15.6% |
| 2006 | 2.69 constant LCU per US$ of GDP | +76.3% |
| 2007 | 2.5 constant LCU per US$ of GDP | -7.0% |
| 2008 | 2.44 constant LCU per US$ of GDP | -2.4% |
| 2009 | 2.48 constant LCU per US$ of GDP | +1.8% |
| 2010 | 1.86 constant LCU per US$ of GDP | -25.0% |
| 2011 | 1.82 constant LCU per US$ of GDP | -2.1% |
| 2012 | 1.79 constant LCU per US$ of GDP | -2.1% |
| 2013 | 1.74 constant LCU per US$ of GDP | -2.5% |
| 2014 | 1.76 constant LCU per US$ of GDP | +0.9% |
| 2015 | 1.73 constant LCU per US$ of GDP | -1.8% |
| 2016 | 1.76 constant LCU per US$ of GDP | +2.2% |
| 2017 | 1.73 constant LCU per US$ of GDP | -2.0% |
| 2018 | 1.68 constant LCU per US$ of GDP | -2.6% |
| 2019 | 1.64 constant LCU per US$ of GDP | -2.8% |
| 2020 | 1.51 constant LCU per US$ of GDP | -8.1% |
| 2021 | 1.54 constant LCU per US$ of GDP | +2.2% |
| 2022 | 1.55 constant LCU per US$ of GDP | +0.7% |
| 2023 | 1.51 constant LCU per US$ of GDP | -2.5% |
| 2024 | 1.48 constant LCU per US$ of GDP | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.36 constant LCU per US$ of GDP | 6.21 constant LCU per US$ of GDP | 8.44 constant LCU per US$ of GDP | 5 |
| 1980s | 3.25 constant LCU per US$ of GDP | 2.63 constant LCU per US$ of GDP | 4.3 constant LCU per US$ of GDP | 10 |
| 1990s | 2.25 constant LCU per US$ of GDP | 1.94 constant LCU per US$ of GDP | 2.53 constant LCU per US$ of GDP | 10 |
| 2000s | 2.12 constant LCU per US$ of GDP | 1.52 constant LCU per US$ of GDP | 2.69 constant LCU per US$ of GDP | 10 |
| 2010s | 1.75 constant LCU per US$ of GDP | 1.64 constant LCU per US$ of GDP | 1.86 constant LCU per US$ of GDP | 10 |
| 2020s | 1.52 constant LCU per US$ of GDP | 1.48 constant LCU per US$ of GDP | 1.55 constant LCU per US$ of GDP | 5 |
Countries ranked near Barbados
- 111 Saint Lucia 1.68 constant LCU per US$ of GDP compare
- 112 Qatar 1.65 constant LCU per US$ of GDP compare
- 113 Sint Maarten (Dutch part) 1.49 constant LCU per US$ of GDP compare
- 115 Poland 1.48 constant LCU per US$ of GDP compare
- 116 Samoa 1.48 constant LCU per US$ of GDP compare
- 117 Saint Vincent and the Grenadines 1.44 constant LCU per US$ of GDP 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)
- Agriculture, forestry, and fishing, value added (current LCU), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0311 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 836.37 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0122 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 327.59 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0301 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Barbados?
- Services, value added (constant lcu), per unit of gdp in Barbados was 1.48 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Barbados?
- The highest recorded value was 8.44 constant LCU per US$ of GDP in 1975.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Barbados?
- The lowest recorded value was 1.48 constant LCU per US$ of GDP in 2024.
- How does Barbados rank for services, value added (constant lcu), per unit of gdp?
- Barbados ranks 114th out of 197 countries with data for 2024.
- Is services, value added (constant lcu), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is down 15.5%. 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
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
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.