Services, value added in Barbados
Barbados: Services, value added 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 198 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.
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
- 155 El Salvador 17.48 billion constant LCU compare
- 157 Lesotho 14.03 billion constant LCU compare
- 159 Azerbaijan 11.12 billion constant LCU compare
- 160 Bahamas 10.63 billion constant LCU compare
- 161 Greenland 10.29 billion constant LCU 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 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 198 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
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 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.