Services, value added (constant LCU) in Barbados
Barbados: Services, value added (constant LCU) was 11.28 billion constant LCU in 2024. ▲ Rising
Services, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Barbados recorded 11.28 billion constant LCU for services, value added in 2024.
Compared with earlier readings it is 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 11.69 billion constant LCU in 2008 and was at its lowest, 3.39 billion constant LCU, in 1975.
That places Barbados 158th out of 199 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Services, value added (constant LCU) in Barbados, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1975 | 3.39 billion constant LCU | — |
| 1976 | 3.44 billion constant LCU | +1.4% |
| 1977 | 3.65 billion constant LCU | +6.1% |
| 1978 | 3.82 billion constant LCU | +4.5% |
| 1979 | 4.16 billion constant LCU | +9.0% |
| 1980 | 4.35 billion constant LCU | +4.5% |
| 1981 | 4.35 billion constant LCU | +0.1% |
| 1982 | 4.12 billion constant LCU | -5.4% |
| 1983 | 4.09 billion constant LCU | -0.8% |
| 1984 | 4.23 billion constant LCU | +3.6% |
| 1985 | 4.36 billion constant LCU | +3.0% |
| 1986 | 4.59 billion constant LCU | +5.2% |
| 1987 | 4.88 billion constant LCU | +6.4% |
| 1988 | 5.05 billion constant LCU | +3.4% |
| 1989 | 5.28 billion constant LCU | +4.6% |
| 1990 | 5.09 billion constant LCU | -3.7% |
| 1991 | 4.89 billion constant LCU | -3.9% |
| 1992 | 4.65 billion constant LCU | -4.9% |
| 1993 | 4.73 billion constant LCU | +1.8% |
| 1994 | 4.96 billion constant LCU | +4.9% |
| 1995 | 5.03 billion constant LCU | +1.3% |
| 1996 | 5.16 billion constant LCU | +2.6% |
| 1997 | 5.40 billion constant LCU | +4.6% |
| 1998 | 5.77 billion constant LCU | +6.9% |
| 1999 | 5.73 billion constant LCU | -0.7% |
| 2000 | 6.06 billion constant LCU | +5.8% |
| 2001 | 5.92 billion constant LCU | -2.2% |
| 2002 | 5.95 billion constant LCU | +0.4% |
| 2003 | 6.13 billion constant LCU | +3.0% |
| 2004 | 6.22 billion constant LCU | +1.6% |
| 2005 | 5.82 billion constant LCU | -6.4% |
| 2006 | 11.34 billion constant LCU | +94.7% |
| 2007 | 11.69 billion constant LCU | +3.1% |
| 2008 | 11.69 billion constant LCU | +0.0% |
| 2009 | 11.10 billion constant LCU | -5.1% |
| 2010 | 10.11 billion constant LCU | -8.8% |
| 2011 | 10.15 billion constant LCU | +0.3% |
| 2012 | 9.80 billion constant LCU | -3.4% |
| 2013 | 9.86 billion constant LCU | +0.6% |
| 2014 | 10.00 billion constant LCU | +1.4% |
| 2015 | 9.84 billion constant LCU | -1.6% |
| 2016 | 10.02 billion constant LCU | +1.8% |
| 2017 | 10.11 billion constant LCU | +0.9% |
| 2018 | 10.11 billion constant LCU | -0.0% |
| 2019 | 10.10 billion constant LCU | -0.1% |
| 2020 | 8.13 billion constant LCU | -19.5% |
| 2021 | 9.15 billion constant LCU | +12.5% |
| 2022 | 10.67 billion constant LCU | +16.6% |
| 2023 | 10.91 billion constant LCU | +2.2% |
| 2024 | 11.28 billion constant LCU | +3.4% |
Barbados compared with similar countries
- Barbados's 11.28 billion constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 6% of the median. (70 countries reporting)
- Barbados's 11.28 billion constant LCU is below the median for Latin America & Caribbean, which is 71.16 billion constant LCU, 16% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant LCU) in Barbados 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 |
|---|---|---|---|
| 2006 | +94.7% | 5.82 billion constant LCU | 11.34 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.69 billion constant LCU | 3.39 billion constant LCU | 4.16 billion constant LCU | 5 |
| 1980s | 4.53 billion constant LCU | 4.09 billion constant LCU | 5.28 billion constant LCU | 10 |
| 1990s | 5.14 billion constant LCU | 4.65 billion constant LCU | 5.77 billion constant LCU | 10 |
| 2000s | 8.19 billion constant LCU | 5.82 billion constant LCU | 11.69 billion constant LCU | 10 |
| 2010s | 10.01 billion constant LCU | 9.80 billion constant LCU | 10.15 billion constant LCU | 10 |
| 2020s | 10.03 billion constant LCU | 8.13 billion constant LCU | 11.28 billion constant LCU | 5 |
Countries ranked near Barbados
More economy & growth data for Barbados
- Real gdp growth, annual growth rate 85.61 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Barbados?
- Services, value added in Barbados was 11.28 billion constant LCU 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 11.69 billion constant LCU in 2008.
- What is the lowest services, value added recorded in Barbados?
- The lowest recorded value was 3.39 billion constant LCU in 1975.
- How does Barbados rank for services, value added?
- Barbados ranks 158th out of 199 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 LCU). 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 defence, 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 varies by country. This series is expressed in local currency units.