Manufacturing, value added in Barbados
Barbados: Manufacturing, value added was 747.19 million constant LCU in 2024. ▼ Falling
Manufacturing, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, manufacturing, value added in Barbados stood at 747.19 million constant LCU.
Compared with earlier readings it is up 0.4% on the previous year and up 7.0% over ten years.
Over the whole period, manufacturing, value added in Barbados peaked at 1.46 billion constant LCU in 1980 and was at its lowest, 620.50 million constant LCU, in 2020.
That places Barbados 161st out of 191 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.29 billion constant LCU | 1.07 billion constant LCU | 1.43 billion constant LCU | 5 |
| 1980s | 1.35 billion constant LCU | 1.24 billion constant LCU | 1.46 billion constant LCU | 10 |
| 1990s | 1.24 billion constant LCU | 1.07 billion constant LCU | 1.40 billion constant LCU | 10 |
| 2000s | 972.68 million constant LCU | 848.89 million constant LCU | 1.06 billion constant LCU | 10 |
| 2010s | 739.99 million constant LCU | 698.45 million constant LCU | 786.48 million constant LCU | 10 |
| 2020s | 697.49 million constant LCU | 620.50 million constant LCU | 747.19 million constant LCU | 5 |
Countries ranked near Barbados
- 158 Malta 1.14 billion constant LCU compare
- 160 Solomon Islands 834.12 million constant LCU compare
- 162 South Sudan 565.01 million constant LCU compare
- 163 Greenland 524.90 million constant LCU compare
- 164 Tajikistan 499.99 million constant LCU compare
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 manufacturing, value added in Barbados?
- Manufacturing, value added in Barbados was 747.19 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Barbados?
- The highest recorded value was 1.46 billion constant LCU in 1980.
- What is the lowest manufacturing, value added recorded in Barbados?
- The lowest recorded value was 620.50 million constant LCU in 2020.
- How does Barbados rank for manufacturing, value added?
- Barbados ranks 161st out of 191 countries with data for 2024.
- Is manufacturing, value added rising or falling in Barbados?
- Over the last ten years it is up 7.0%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.