Value Added (Total Manufacturing) — Value Standard Local Currency in Barbados
Barbados: Value Added (Total Manufacturing) — Value Standard Local Currency was 752.15 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Barbados, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for value added (total manufacturing) — value standard local currency in Barbados is 752.15 million SLC, measured in 2023. That is the highest value across all 54 years on record.
That represents a change of up 4.9% on the previous year and up 19.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Barbados peaked at 752.15 million SLC in 2023 and was at its lowest, 45.12 million SLC, in 1970.
Barbados ranks 193rd of 231 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Barbados, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 45.12 million SLC | — |
| 1971 | 52.58 million SLC | +16.5% |
| 1972 | 60.75 million SLC | +15.5% |
| 1973 | 77.81 million SLC | +28.1% |
| 1974 | 111.2 million SLC | +42.9% |
| 1975 | 127.52 million SLC | +14.7% |
| 1976 | 150.4 million SLC | +17.9% |
| 1977 | 181.97 million SLC | +21.0% |
| 1978 | 199.35 million SLC | +9.6% |
| 1979 | 241.74 million SLC | +21.3% |
| 1980 | 325.45 million SLC | +34.6% |
| 1981 | 336.45 million SLC | +3.4% |
| 1982 | 364.47 million SLC | +8.3% |
| 1983 | 423.35 million SLC | +16.2% |
| 1984 | 468.4 million SLC | +10.6% |
| 1985 | 410.94 million SLC | -12.3% |
| 1986 | 406.68 million SLC | -1.0% |
| 1987 | 396.57 million SLC | -2.5% |
| 1988 | 426.01 million SLC | +7.4% |
| 1989 | 413.77 million SLC | -2.9% |
| 1990 | 421.4 million SLC | +1.8% |
| 1991 | 397.9 million SLC | -5.6% |
| 1992 | 344.9 million SLC | -13.3% |
| 1993 | 347.4 million SLC | +0.7% |
| 1994 | 340.9 million SLC | -1.9% |
| 1995 | 356.2 million SLC | +4.5% |
| 1996 | 375.3 million SLC | +5.4% |
| 1997 | 400.3 million SLC | +6.7% |
| 1998 | 447.4 million SLC | +11.8% |
| 1999 | 453 million SLC | +1.3% |
| 2000 | 473.8 million SLC | +4.6% |
| 2001 | 476.1 million SLC | +0.5% |
| 2002 | 468.2 million SLC | -1.7% |
| 2003 | 519.3 million SLC | +10.9% |
| 2004 | 535.3 million SLC | +3.1% |
| 2005 | 535.9 million SLC | +0.1% |
| 2006 | 650.45 million SLC | +21.4% |
| 2007 | 668.53 million SLC | +2.8% |
| 2008 | 737.94 million SLC | +10.4% |
| 2009 | 695.28 million SLC | -5.8% |
| 2010 | 603.59 million SLC | -13.2% |
| 2011 | 654.38 million SLC | +8.4% |
| 2012 | 596.66 million SLC | -8.8% |
| 2013 | 627.08 million SLC | +5.1% |
| 2014 | 598.8 million SLC | -4.5% |
| 2015 | 642.94 million SLC | +7.4% |
| 2016 | 641.5 million SLC | -0.2% |
| 2017 | 656.57 million SLC | +2.3% |
| 2018 | 642.13 million SLC | -2.2% |
| 2019 | 653.37 million SLC | +1.8% |
| 2020 | 556.69 million SLC | -14.8% |
| 2021 | 577.59 million SLC | +3.8% |
| 2022 | 717.1 million SLC | +24.2% |
| 2023 | 752.15 million SLC | +4.9% |
Barbados compared with similar countries
- Barbados's 752.15 million SLC is below the median for high income countries, which is 31,737 million SLC, 2% of the median. (73 countries reporting)
- Barbados's 752.15 million SLC is below the median for Latin America & Caribbean, which is 23,287 million SLC, 3% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 124.84 million SLC | 45.12 million SLC | 241.74 million SLC | 10 |
| 1980s | 397.21 million SLC | 325.45 million SLC | 468.4 million SLC | 10 |
| 1990s | 388.47 million SLC | 340.9 million SLC | 453 million SLC | 10 |
| 2000s | 576.08 million SLC | 468.2 million SLC | 737.94 million SLC | 10 |
| 2010s | 631.7 million SLC | 596.66 million SLC | 656.57 million SLC | 10 |
| 2020s | 650.88 million SLC | 556.69 million SLC | 752.15 million SLC | 4 |
Countries ranked near Barbados
- 190 Solomon Islands 1,257 million SLC compare
- 191 Fiji 1,146 million SLC compare
- 192 Sao Tome and Principe 899.47 million SLC compare
- 194 Greenland 662.33 million SLC compare
- 195 San Marino 616.9 million SLC compare
- 196 Netherlands Antilles (former) 422.75 million SLC 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)
- 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 value added (total manufacturing) — value standard local currency in Barbados?
- Value added (total manufacturing) — value standard local currency in Barbados was 752.15 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Barbados?
- The highest recorded value was 752.15 million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Barbados?
- The lowest recorded value was 45.12 million SLC in 1970.
- How does Barbados rank for value added (total manufacturing) — value standard local currency?
- Barbados ranks 193rd out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Barbados?
- Over the last ten years it is up 19.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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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).