Services, value added (current US$), per unit of GDP in Barbados
Barbados: Services, value added (current US$), per unit of GDP was 0.7584 current US$ per US$ of GDP in 2024. ▲ Rising
Services, value added (current US$), per unit of GDP in Barbados, 1975–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, services, value added (current us$), per unit of gdp in Barbados stood at 0.7584 current US$ per US$ of GDP. That is the highest value across all 50 years on record.
The figure is up 0.5% on the previous year and up 0.1% over ten years.
Over the whole period, services, value added (current us$), per unit of gdp in Barbados peaked at 0.7584 current US$ per US$ of GDP in 2024 and was at its lowest, 0.4247 current US$ per US$ of GDP, in 1980.
Barbados ranks 17th of 204 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 50 years of available data.
Services, value added (current US$), per unit of GDP in Barbados, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1975 | 0.4661 current US$ per US$ of GDP | — |
| 1976 | 0.5124 current US$ per US$ of GDP | +9.9% |
| 1977 | 0.5103 current US$ per US$ of GDP | -0.4% |
| 1978 | 0.5099 current US$ per US$ of GDP | -0.1% |
| 1979 | 0.5187 current US$ per US$ of GDP | +1.7% |
| 1980 | 0.4247 current US$ per US$ of GDP | -18.1% |
| 1981 | 0.4406 current US$ per US$ of GDP | +3.7% |
| 1982 | 0.4373 current US$ per US$ of GDP | -0.8% |
| 1983 | 0.4281 current US$ per US$ of GDP | -2.1% |
| 1984 | 0.4324 current US$ per US$ of GDP | +1.0% |
| 1985 | 0.4567 current US$ per US$ of GDP | +5.6% |
| 1986 | 0.4466 current US$ per US$ of GDP | -2.2% |
| 1987 | 0.4514 current US$ per US$ of GDP | +1.1% |
| 1988 | 0.4454 current US$ per US$ of GDP | -1.3% |
| 1989 | 0.445 current US$ per US$ of GDP | -0.1% |
| 1990 | 0.71 current US$ per US$ of GDP | +59.6% |
| 1991 | 0.7051 current US$ per US$ of GDP | -0.7% |
| 1992 | 0.7152 current US$ per US$ of GDP | +1.4% |
| 1993 | 0.7061 current US$ per US$ of GDP | -1.3% |
| 1994 | 0.7194 current US$ per US$ of GDP | +1.9% |
| 1995 | 0.7215 current US$ per US$ of GDP | +0.3% |
| 1996 | 0.7283 current US$ per US$ of GDP | +0.9% |
| 1997 | 0.7195 current US$ per US$ of GDP | -1.2% |
| 1998 | 0.7044 current US$ per US$ of GDP | -2.1% |
| 1999 | 0.7059 current US$ per US$ of GDP | +0.2% |
| 2000 | 0.7126 current US$ per US$ of GDP | +1.0% |
| 2001 | 0.715 current US$ per US$ of GDP | +0.3% |
| 2002 | 0.7369 current US$ per US$ of GDP | +3.1% |
| 2003 | 0.7174 current US$ per US$ of GDP | -2.6% |
| 2004 | 0.7285 current US$ per US$ of GDP | +1.6% |
| 2005 | 0.7193 current US$ per US$ of GDP | -1.3% |
| 2006 | 0.7253 current US$ per US$ of GDP | +0.8% |
| 2007 | 0.7203 current US$ per US$ of GDP | -0.7% |
| 2008 | 0.7246 current US$ per US$ of GDP | +0.6% |
| 2009 | 0.7383 current US$ per US$ of GDP | +1.9% |
| 2010 | 0.7533 current US$ per US$ of GDP | +2.0% |
| 2011 | 0.7547 current US$ per US$ of GDP | +0.2% |
| 2012 | 0.7393 current US$ per US$ of GDP | -2.0% |
| 2013 | 0.7551 current US$ per US$ of GDP | +2.1% |
| 2014 | 0.7574 current US$ per US$ of GDP | +0.3% |
| 2015 | 0.7475 current US$ per US$ of GDP | -1.3% |
| 2016 | 0.7505 current US$ per US$ of GDP | +0.4% |
| 2017 | 0.7421 current US$ per US$ of GDP | -1.1% |
| 2018 | 0.7412 current US$ per US$ of GDP | -0.1% |
| 2019 | 0.7443 current US$ per US$ of GDP | +0.4% |
| 2020 | 0.7355 current US$ per US$ of GDP | -1.2% |
| 2021 | 0.7487 current US$ per US$ of GDP | +1.8% |
| 2022 | 0.7571 current US$ per US$ of GDP | +1.1% |
| 2023 | 0.755 current US$ per US$ of GDP | -0.3% |
| 2024 | 0.7584 current US$ per US$ of GDP | +0.5% |
Barbados compared with similar countries
- Barbados's 0.7584 current US$ per US$ of GDP is above the median for high income countries, which is 0.6616 current US$ per US$ of GDP, 1.1× the median. (77 countries reporting)
- Barbados's 0.7584 current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5984 current US$ per US$ of GDP, 1.3× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), per unit of GDP in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +59.6% | 0.445 current US$ per US$ of GDP | 0.71 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5035 current US$ per US$ of GDP | 0.4661 current US$ per US$ of GDP | 0.5187 current US$ per US$ of GDP | 5 |
| 1980s | 0.4408 current US$ per US$ of GDP | 0.4247 current US$ per US$ of GDP | 0.4567 current US$ per US$ of GDP | 10 |
| 1990s | 0.7135 current US$ per US$ of GDP | 0.7044 current US$ per US$ of GDP | 0.7283 current US$ per US$ of GDP | 10 |
| 2000s | 0.7238 current US$ per US$ of GDP | 0.7126 current US$ per US$ of GDP | 0.7383 current US$ per US$ of GDP | 10 |
| 2010s | 0.7485 current US$ per US$ of GDP | 0.7393 current US$ per US$ of GDP | 0.7574 current US$ per US$ of GDP | 10 |
| 2020s | 0.7509 current US$ per US$ of GDP | 0.7355 current US$ per US$ of GDP | 0.7584 current US$ per US$ of GDP | 5 |
Countries ranked near Barbados
- 14 Aruba 0.7628 current US$ per US$ of GDP compare
- 15 United States 0.7626 current US$ per US$ of GDP compare
- 16 French Polynesia 0.759 current US$ per US$ of GDP compare
- 18 Djibouti 0.7566 current US$ per US$ of GDP compare
- 19 Saint Lucia 0.7381 current US$ per US$ of GDP compare
- 20 Cuba 0.7351 current US$ 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0583 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (current us$), per unit of gdp in Barbados?
- Services, value added (current us$), per unit of gdp in Barbados was 0.7584 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), per unit of gdp recorded in Barbados?
- The highest recorded value was 0.7584 current US$ per US$ of GDP in 2024.
- What is the lowest services, value added (current us$), per unit of gdp recorded in Barbados?
- The lowest recorded value was 0.4247 current US$ per US$ of GDP in 1980.
- How does Barbados rank for services, value added (current us$), per unit of gdp?
- Barbados ranks 17th out of 204 countries with data for 2024.
- Is services, value added (current us$), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (current US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.