Value Added (Total Manufacturing) — Share of GDP US$, 2015 prices in Caribbean
Caribbean: Value Added (Total Manufacturing) — Share of GDP US$, 2015 prices was 19.49 % in 2023. ▼ Falling
Value Added (Total Manufacturing) — Share of GDP US$, 2015 prices in Caribbean, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Caribbean recorded 19.49 % for value added (total manufacturing) — share of gdp us$, 2015 prices in 2023. That is the lowest value across all 54 years on record.
The figure is down 2.3% on the previous year and down 16.5% over ten years.
Over the whole period, value added (total manufacturing) — share of gdp us$, 2015 prices in Caribbean peaked at 27.54 % in 1995 and was at its lowest, 19.49 %, in 2023.
That places Caribbean 3rd out of 29 groups with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 54 years of available data.
Value Added (Total Manufacturing) — Share of GDP US$, 2015 prices in Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 22.05 % | — |
| 1971 | 21.53 % | -2.4% |
| 1972 | 22.34 % | +3.8% |
| 1973 | 23.22 % | +3.9% |
| 1974 | 24.39 % | +5.0% |
| 1975 | 23.16 % | -5.0% |
| 1976 | 24.71 % | +6.7% |
| 1977 | 24.51 % | -0.8% |
| 1978 | 25.4 % | +3.6% |
| 1979 | 25.51 % | +0.5% |
| 1980 | 26.51 % | +3.9% |
| 1981 | 25.92 % | -2.2% |
| 1982 | 25.73 % | -0.7% |
| 1983 | 25.56 % | -0.7% |
| 1984 | 26.11 % | +2.1% |
| 1985 | 26.33 % | +0.9% |
| 1986 | 25.77 % | -2.1% |
| 1987 | 26.12 % | +1.4% |
| 1988 | 26.5 % | +1.4% |
| 1989 | 25.89 % | -2.3% |
| 1990 | 25.92 % | +0.1% |
| 1991 | 25.66 % | -1.0% |
| 1992 | 26.3 % | +2.5% |
| 1993 | 26.89 % | +2.2% |
| 1994 | 27.04 % | +0.5% |
| 1995 | 27.54 % | +1.9% |
| 1996 | 26.95 % | -2.1% |
| 1997 | 26.37 % | -2.2% |
| 1998 | 27.25 % | +3.3% |
| 1999 | 26.61 % | -2.3% |
| 2000 | 25.77 % | -3.2% |
| 2001 | 27.17 % | +5.4% |
| 2002 | 27.22 % | +0.2% |
| 2003 | 26.41 % | -3.0% |
| 2004 | 26.65 % | +0.9% |
| 2005 | 26.18 % | -1.7% |
| 2006 | 25.26 % | -3.5% |
| 2007 | 24.6 % | -2.6% |
| 2008 | 25.8 % | +4.9% |
| 2009 | 23.79 % | -7.8% |
| 2010 | 24.06 % | +1.1% |
| 2011 | 23.69 % | -1.5% |
| 2012 | 23.37 % | -1.4% |
| 2013 | 23.35 % | -0.1% |
| 2014 | 22.89 % | -2.0% |
| 2015 | 22.99 % | +0.4% |
| 2016 | 22.68 % | -1.4% |
| 2017 | 21.86 % | -3.6% |
| 2018 | 21.2 % | -3.0% |
| 2019 | 20.96 % | -1.1% |
| 2020 | 21.54 % | +2.8% |
| 2021 | 20.6 % | -4.4% |
| 2022 | 19.95 % | -3.1% |
| 2023 | 19.49 % | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.68 % | 21.53 % | 25.51 % | 10 |
| 1980s | 26.04 % | 25.56 % | 26.51 % | 10 |
| 1990s | 26.65 % | 25.66 % | 27.54 % | 10 |
| 2000s | 25.88 % | 23.79 % | 27.22 % | 10 |
| 2010s | 22.7 % | 20.96 % | 24.06 % | 10 |
| 2020s | 20.4 % | 19.49 % | 21.54 % | 4 |
Countries ranked near Caribbean
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Value US$ 592,877 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Domestic Product — Value US$ per capita 13,606 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 8,773 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
- Gross Domestic Product — Annual growth US$ 6.85 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 6.36 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 0.3236 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — share of gdp us$, 2015 prices in Caribbean?
- Value added (total manufacturing) — share of gdp us$, 2015 prices in Caribbean was 19.49 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — share of gdp us$, 2015 prices recorded in Caribbean?
- The highest recorded value was 27.54 % in 1995.
- What is the lowest value added (total manufacturing) — share of gdp us$, 2015 prices recorded in Caribbean?
- The lowest recorded value was 19.49 % in 2023.
- How does Caribbean rank for value added (total manufacturing) — share of gdp us$, 2015 prices?
- Caribbean ranks 3rd out of 29 groups with data for 2023.
- Is value added (total manufacturing) — share of gdp us$, 2015 prices rising or falling in Caribbean?
- Over the last ten years it is down 16.5%. The long-run trend across the full record is falling.
- Where does this Caribbean data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Share of GDP US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).