Industry (including construction), value added in Barbados
Barbados: Industry (including construction), value added was 5.1% in 2024. ◆ Volatile
Industry (including construction), value added in Barbados, 1976–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Barbados recorded 5.1% for industry (including construction), value added in 2024.
That represents a change of up 227.7% on the previous year and up 1,854.2% over ten years.
Over the whole period, industry (including construction), value added in Barbados peaked at 15.5% in 1976 and was at its lowest, -14.8%, in 2009.
That places Barbados 58th out of 198 countries with data for 2024, putting it in the middle of the range.
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 | 7.1% | -1.5% | 15.5% | 4 |
| 1980s | 1.0% | -6.8% | 7.2% | 10 |
| 1990s | -0.6% | -12.6% | 7.2% | 10 |
| 2000s | -0.2% | -14.8% | 7.0% | 10 |
| 2010s | -1.5% | -10.0% | 3.0% | 10 |
| 2020s | 0.7% | -5.4% | 7.6% | 5 |
Countries ranked near Barbados
More economy & growth data for Barbados
- GNI 7.69 billion current US$ (2025)
- GDP per capita 23,014 constant 2015 US$ (2025)
- GDP per capita growth 2.6% (2025)
- Inflation, consumer prices 0.8% (2025)
- Total reserves minus gold 1.65 billion current US$ (2024)
- Total reserves 1.65 billion includes gold, current US$ (2024)
- GDP per capita 54,263 constant LCU (2025)
- GNI, Atlas method 7.65 billion current US$ (2025)
- GDP 16.03 billion current LCU (2025)
- GDP 6.50 billion constant 2015 US$ (2025)
Frequently asked questions
- What is industry (including construction), value added in Barbados?
- Industry (including construction), value added in Barbados was 5.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Barbados?
- The highest recorded value was 15.5% in 1976.
- What is the lowest industry (including construction), value added recorded in Barbados?
- The lowest recorded value was -14.8% in 2009.
- How does Barbados rank for industry (including construction), value added?
- Barbados ranks 58th out of 198 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Barbados?
- Over the last ten years it is up 1,854.2%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.