Services, value added (current US$) in Caribbean Small States
Caribbean Small States: Services, value added (current US$) was 47.22 billion current US$ in 2024. ◆ Volatile
Services, value added in Caribbean Small States, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, services, value added in Caribbean Small States stood at 47.22 billion current US$. That is the highest value across all 48 years on record.
The figure is up 4.4% on the previous year and up 21.5% over ten years.
Over the whole period, services, value added in Caribbean Small States peaked at 47.22 billion current US$ in 2024 and was at its lowest, 3.03 billion current US$, in 1977.
That places Caribbean Small States 46th out of 47 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) in Caribbean Small States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 3.03 billion current US$ | — |
| 1978 | 3.61 billion current US$ | +19.1% |
| 1979 | 4.36 billion current US$ | +21.0% |
| 1980 | 5.52 billion current US$ | +26.4% |
| 1981 | 6.52 billion current US$ | +18.3% |
| 1982 | 8.29 billion current US$ | +27.1% |
| 1983 | 8.20 billion current US$ | -1.0% |
| 1984 | 8.19 billion current US$ | -0.2% |
| 1985 | 8.45 billion current US$ | +3.2% |
| 1986 | 7.43 billion current US$ | -12.1% |
| 1987 | 7.68 billion current US$ | +3.4% |
| 1988 | 7.83 billion current US$ | +1.9% |
| 1989 | 7.14 billion current US$ | -8.7% |
| 1990 | 7.91 billion current US$ | +10.7% |
| 1991 | 8.14 billion current US$ | +2.9% |
| 1992 | 8.52 billion current US$ | +4.6% |
| 1993 | 8.37 billion current US$ | -1.8% |
| 1994 | 8.55 billion current US$ | +2.2% |
| 1995 | 9.07 billion current US$ | +6.1% |
| 1996 | 9.79 billion current US$ | +7.9% |
| 1997 | 12.80 billion current US$ | +30.8% |
| 1998 | 14.06 billion current US$ | +9.8% |
| 1999 | 15.54 billion current US$ | +10.6% |
| 2000 | 16.36 billion current US$ | +5.3% |
| 2001 | 17.52 billion current US$ | +7.0% |
| 2002 | 18.50 billion current US$ | +5.6% |
| 2003 | 19.22 billion current US$ | +3.9% |
| 2004 | 20.51 billion current US$ | +6.7% |
| 2005 | 22.25 billion current US$ | +8.5% |
| 2006 | 24.52 billion current US$ | +10.2% |
| 2007 | 27.74 billion current US$ | +13.1% |
| 2008 | 29.53 billion current US$ | +6.5% |
| 2009 | 28.41 billion current US$ | -3.8% |
| 2010 | 30.84 billion current US$ | +8.6% |
| 2011 | 31.95 billion current US$ | +3.6% |
| 2012 | 35.01 billion current US$ | +9.6% |
| 2013 | 36.92 billion current US$ | +5.5% |
| 2014 | 38.86 billion current US$ | +5.2% |
| 2015 | 39.63 billion current US$ | +2.0% |
| 2016 | 37.56 billion current US$ | -5.2% |
| 2017 | 37.90 billion current US$ | +0.9% |
| 2018 | 38.47 billion current US$ | +1.5% |
| 2019 | 39.90 billion current US$ | +3.7% |
| 2020 | 34.06 billion current US$ | -14.6% |
| 2021 | 37.23 billion current US$ | +9.3% |
| 2022 | 42.76 billion current US$ | +14.8% |
| 2023 | 45.25 billion current US$ | +5.8% |
| 2024 | 47.22 billion current US$ | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.67 billion current US$ | 3.03 billion current US$ | 4.36 billion current US$ | 3 |
| 1980s | 7.52 billion current US$ | 5.52 billion current US$ | 8.45 billion current US$ | 10 |
| 1990s | 10.27 billion current US$ | 7.91 billion current US$ | 15.54 billion current US$ | 10 |
| 2000s | 22.46 billion current US$ | 16.36 billion current US$ | 29.53 billion current US$ | 10 |
| 2010s | 36.70 billion current US$ | 30.84 billion current US$ | 39.90 billion current US$ | 10 |
| 2020s | 41.30 billion current US$ | 34.06 billion current US$ | 47.22 billion current US$ | 5 |
Countries ranked near Caribbean Small States
- 43 Pakistan 207.43 billion current US$ compare
- 44 Chile 198.39 billion current US$ compare
- 45 Finland 196.86 billion current US$ compare
- 46 Greece 189.29 billion current US$ compare
- 47 Kazakhstan 176.71 billion current US$ compare
- 48 New Zealand 174.93 billion current US$ compare
- 49 Egypt 172.81 billion current US$ compare
More economy & growth data for Caribbean Small States
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9241 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 10,403 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 2.45 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4633 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 9,230 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 13.29 % change on previous year (2024)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- GDP 95.14 billion current US$ (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Services, value added (current US$), per unit of GDP 0.5222 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Caribbean Small States?
- Services, value added in Caribbean Small States was 47.22 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Caribbean Small States?
- The highest recorded value was 47.22 billion current US$ in 2024.
- What is the lowest services, value added recorded in Caribbean Small States?
- The lowest recorded value was 3.03 billion current US$ in 1977.
- How does Caribbean Small States rank for services, value added?
- Caribbean Small States ranks 46th out of 47 groups with data for 2024.
- Is services, value added rising or falling in Caribbean Small States?
- Over the last ten years it is up 21.5%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.