Gross value added at basic prices (GVA) in Caribbean small states
Caribbean small states: Gross value added at basic prices (GVA) was 83.57 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Caribbean small states, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Caribbean small states stood at 83.57 billion current US$. That is the highest value across all 50 years on record.
The figure is up 13.3% on the previous year and up 39.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Caribbean small states peaked at 83.57 billion current US$ in 2024 and was at its lowest, 4.79 billion current US$, in 1975.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.24 billion current US$ | 4.79 billion current US$ | 8.52 billion current US$ | 5 |
| 1980s | 12.22 billion current US$ | 10.93 billion current US$ | 13.59 billion current US$ | 10 |
| 1990s | 15.19 billion current US$ | 12.33 billion current US$ | 21.45 billion current US$ | 10 |
| 2000s | 35.91 billion current US$ | 23.66 billion current US$ | 54.41 billion current US$ | 10 |
| 2010s | 55.80 billion current US$ | 50.22 billion current US$ | 60.05 billion current US$ | 10 |
| 2020s | 67.53 billion current US$ | 49.01 billion current US$ | 83.57 billion current US$ | 5 |
More economy & growth data for Caribbean small states
- Agriculture, forestry, and fishing, value added 5.1% (2024)
- Industry (including construction), value added 33.32 billion constant 2015 US$ (2024)
- Industry (including construction), value added 33.45 billion current US$ (2024)
- Manufacturing, value added 6.6% (2024)
- Manufacturing, value added 5.05 billion constant 2015 US$ (2024)
- Manufacturing, value added 5.98 billion current US$ (2024)
- GDP per capita growth 7.6% (2025)
- Inflation, consumer prices 1.2% (2025)
- Foreign direct investment, net inflows 2.08 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows 11.4% (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Caribbean small states?
- Gross value added at basic prices (gva) in Caribbean small states was 83.57 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Caribbean small states?
- The highest recorded value was 83.57 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Caribbean small states?
- The lowest recorded value was 4.79 billion current US$ in 1975.
- Is gross value added at basic prices (gva) rising or falling in Caribbean small states?
- Over the last ten years it is up 39.2%. 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 Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.