Services, value added (current LCU), annual growth rate in Barbados
Barbados: Services, value added (current LCU), annual growth rate was 5.66 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Barbados, 1976–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Barbados recorded 5.66 % change on previous year for services, value added (current lcu), annual growth rate in 2024.
Compared with earlier readings it is up 23.0% on the previous year and up 654.8% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Barbados peaked at 60.03 % change on previous year in 1990 and was at its lowest, -13.42 % change on previous year, in 2020.
Barbados ranks 137th of 204 countries on this measure, 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 (current LCU), annual growth rate in Barbados, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1976 | 18.18 % change on previous year | — |
| 1977 | 13.27 % change on previous year | -27.0% |
| 1978 | 11.84 % change on previous year | -10.8% |
| 1979 | 23.33 % change on previous year | +97.1% |
| 1980 | 23.65 % change on previous year | +1.4% |
| 1981 | 14.19 % change on previous year | -40.0% |
| 1982 | 3.66 % change on previous year | -74.2% |
| 1983 | 3.98 % change on previous year | +8.5% |
| 1984 | 10.05 % change on previous year | +152.8% |
| 1985 | 10.54 % change on previous year | +4.8% |
| 1986 | 7.38 % change on previous year | -30.0% |
| 1987 | 11.31 % change on previous year | +53.3% |
| 1988 | 4.94 % change on previous year | -56.3% |
| 1989 | 10.57 % change on previous year | +114.2% |
| 1990 | 60.03 % change on previous year | +467.7% |
| 1991 | -0.268 % change on previous year | -100.4% |
| 1992 | -2.31 % change on previous year | +763.4% |
| 1993 | 4.68 % change on previous year | -302.1% |
| 1994 | 6.23 % change on previous year | +33.2% |
| 1995 | 3.36 % change on previous year | -46.0% |
| 1996 | 7.61 % change on previous year | +126.5% |
| 1997 | 4.43 % change on previous year | -41.8% |
| 1998 | 10.39 % change on previous year | +134.6% |
| 1999 | 5.01 % change on previous year | -51.8% |
| 2000 | 4.05 % change on previous year | -19.2% |
| 2001 | 0.1697 % change on previous year | -95.8% |
| 2002 | 4.82 % change on previous year | +2739.8% |
| 2003 | 0.581 % change on previous year | -87.9% |
| 2004 | 8.99 % change on previous year | +1446.7% |
| 2005 | 9.49 % change on previous year | +5.6% |
| 2006 | 11.32 % change on previous year | +19.3% |
| 2007 | 10.12 % change on previous year | -10.6% |
| 2008 | 3.07 % change on previous year | -69.7% |
| 2009 | -5 % change on previous year | -263.0% |
| 2010 | 24 % change on previous year | -580.3% |
| 2011 | 2.67 % change on previous year | -88.9% |
| 2012 | -3.39 % change on previous year | -227.1% |
| 2013 | 5.37 % change on previous year | -258.2% |
| 2014 | 0.7496 % change on previous year | -86.0% |
| 2015 | -1.06 % change on previous year | -240.9% |
| 2016 | 0.0352 % change on previous year | -103.3% |
| 2017 | 1.81 % change on previous year | +5045.9% |
| 2018 | 2.51 % change on previous year | +38.4% |
| 2019 | 3.2 % change on previous year | +27.5% |
| 2020 | -13.42 % change on previous year | -519.6% |
| 2021 | 12.07 % change on previous year | -189.9% |
| 2022 | 17.07 % change on previous year | +41.4% |
| 2023 | 4.6 % change on previous year | -73.1% |
| 2024 | 5.66 % change on previous year | +23.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.66 % change on previous year | 11.84 % change on previous year | 23.33 % change on previous year | 4 |
| 1980s | 10.03 % change on previous year | 3.66 % change on previous year | 23.65 % change on previous year | 10 |
| 1990s | 9.91 % change on previous year | -2.31 % change on previous year | 60.03 % change on previous year | 10 |
| 2000s | 4.76 % change on previous year | -5 % change on previous year | 11.32 % change on previous year | 10 |
| 2010s | 3.59 % change on previous year | -3.39 % change on previous year | 24 % change on previous year | 10 |
| 2020s | 5.19 % change on previous year | -13.42 % change on previous year | 17.07 % change on previous year | 5 |
Countries ranked near Barbados
- 134 Bahrain 5.7 % change on previous year compare
- 135 Marshall Islands 5.69 % change on previous year compare
- 136 Mexico 5.67 % change on previous year compare
- 138 Dominica 5.59 % change on previous year compare
- 139 China 5.58 % change on previous year compare
- 140 Panama 5.57 % change on previous year 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)
- Services, value added (current US$), annual growth rate 5.66 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7584 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 20,399 current US$ per person (2024)
- Services, value added (current LCU), per unit of GDP 1.52 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 40,799 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.44 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.6429 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 17,291 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Barbados?
- Services, value added (current lcu), annual growth rate in Barbados was 5.66 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Barbados?
- The highest recorded value was 60.03 % change on previous year in 1990.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Barbados?
- The lowest recorded value was -13.42 % change on previous year in 2020.
- How does Barbados rank for services, value added (current lcu), annual growth rate?
- Barbados ranks 137th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Barbados?
- Over the last ten years it is up 654.8%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.