Services, value added per worker in Barbados
Barbados: Services, value added per worker was 41,660 constant 2015 US$ in 2024. ▲ Rising
Services, value added per worker in Barbados, 1991–2024
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
Barbados recorded 41,660 constant 2015 US$ for services, value added per worker in 2024.
The figure is up 2.9% on the previous year and down 2.6% over ten years.
Over the whole period, services, value added per worker in Barbados peaked at 48,266 constant 2015 US$ in 2007 and was at its lowest, 24,502 constant 2015 US$, in 2005.
Barbados ranks 36th of 176 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Services, value added per worker in Barbados, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 28,570 constant 2015 US$ | — |
| 1992 | 27,584 constant 2015 US$ | -3.4% |
| 1993 | 27,636 constant 2015 US$ | +0.2% |
| 1994 | 27,885 constant 2015 US$ | +0.9% |
| 1995 | 26,646 constant 2015 US$ | -4.4% |
| 1996 | 26,210 constant 2015 US$ | -1.6% |
| 1997 | 27,178 constant 2015 US$ | +3.7% |
| 1998 | 28,573 constant 2015 US$ | +5.1% |
| 1999 | 27,788 constant 2015 US$ | -2.7% |
| 2000 | 28,224 constant 2015 US$ | +1.6% |
| 2001 | 27,300 constant 2015 US$ | -3.3% |
| 2002 | 26,981 constant 2015 US$ | -1.2% |
| 2003 | 27,544 constant 2015 US$ | +2.1% |
| 2004 | 26,970 constant 2015 US$ | -2.1% |
| 2005 | 24,502 constant 2015 US$ | -9.2% |
| 2006 | 47,750 constant 2015 US$ | +94.9% |
| 2007 | 48,266 constant 2015 US$ | +1.1% |
| 2008 | 48,127 constant 2015 US$ | -0.3% |
| 2009 | 46,558 constant 2015 US$ | -3.3% |
| 2010 | 42,437 constant 2015 US$ | -8.9% |
| 2011 | 42,511 constant 2015 US$ | +0.2% |
| 2012 | 41,540 constant 2015 US$ | -2.3% |
| 2013 | 41,056 constant 2015 US$ | -1.2% |
| 2014 | 42,752 constant 2015 US$ | +4.1% |
| 2015 | 41,179 constant 2015 US$ | -3.7% |
| 2016 | 40,529 constant 2015 US$ | -1.6% |
| 2017 | 40,947 constant 2015 US$ | +1.0% |
| 2018 | 40,337 constant 2015 US$ | -1.5% |
| 2019 | 39,848 constant 2015 US$ | -1.2% |
| 2020 | 33,530 constant 2015 US$ | -15.9% |
| 2021 | 38,367 constant 2015 US$ | +14.4% |
| 2022 | 40,526 constant 2015 US$ | +5.6% |
| 2023 | 40,479 constant 2015 US$ | -0.1% |
| 2024 | 41,660 constant 2015 US$ | +2.9% |
Barbados compared with similar countries
- Barbados's 41,660 constant 2015 US$ is below the median for high income countries, which is 54,874 constant 2015 US$, 76% of the median. (56 countries reporting)
- Barbados's 41,660 constant 2015 US$ is above the median for Latin America & Caribbean, which is 17,962 constant 2015 US$, 2.3× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Services, value added per worker in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +94.9% | 24,502 constant 2015 US$ | 47,750 constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27,563 constant 2015 US$ | 26,210 constant 2015 US$ | 28,573 constant 2015 US$ | 9 |
| 2000s | 35,222 constant 2015 US$ | 24,502 constant 2015 US$ | 48,266 constant 2015 US$ | 10 |
| 2010s | 41,314 constant 2015 US$ | 39,848 constant 2015 US$ | 42,752 constant 2015 US$ | 10 |
| 2020s | 38,913 constant 2015 US$ | 33,530 constant 2015 US$ | 41,660 constant 2015 US$ | 5 |
Countries ranked near Barbados
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is services, value added per worker in Barbados?
- Services, value added per worker in Barbados was 41,660 constant 2015 US$ in 2024, according to World Development Indicators database, World Bank (WB).
- What is the highest services, value added per worker recorded in Barbados?
- The highest recorded value was 48,266 constant 2015 US$ in 2007.
- What is the lowest services, value added per worker recorded in Barbados?
- The lowest recorded value was 24,502 constant 2015 US$ in 2005.
- How does Barbados rank for services, value added per worker?
- Barbados ranks 36th out of 176 countries with data for 2024.
- Is services, value added per worker rising or falling in Barbados?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Services, value added per worker (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. 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 is 2015. This indicator is expressed in United States dollars.