Service exports in Caribbean small states
Caribbean small states: Service exports was 16.23 billion BoP, current US$ in 2024. ◆ Volatile
Service exports in Caribbean small states, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Caribbean small states recorded 16.23 billion BoP, current US$ for service exports in 2024. That is the highest value across all 49 years on record.
Compared with earlier readings it is up 12.5% on the previous year and up 70.9% over ten years.
Over the whole period, service exports in Caribbean small states peaked at 16.23 billion BoP, current US$ in 2024 and was at its lowest, 911.46 million BoP, current US$, in 1976.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.16 billion BoP, current US$ | 911.46 million BoP, current US$ | 1.45 billion BoP, current US$ | 4 |
| 1980s | 2.28 billion BoP, current US$ | 1.74 billion BoP, current US$ | 3.28 billion BoP, current US$ | 10 |
| 1990s | 4.08 billion BoP, current US$ | 3.40 billion BoP, current US$ | 5.07 billion BoP, current US$ | 10 |
| 2000s | 6.80 billion BoP, current US$ | 5.29 billion BoP, current US$ | 8.32 billion BoP, current US$ | 10 |
| 2010s | 9.65 billion BoP, current US$ | 8.07 billion BoP, current US$ | 12.03 billion BoP, current US$ | 10 |
| 2020s | 11.13 billion BoP, current US$ | 5.06 billion BoP, current US$ | 16.23 billion BoP, current US$ | 5 |
More economy & growth data for Caribbean small states
- Foreign direct investment, net inflows 2.08 billion BoP, current US$ (2025)
- Services, value added 47.22 billion current US$ (2024)
- Services, value added 41.90 billion constant 2015 US$ (2024)
- Services, value added 2.5% (2024)
- Foreign direct investment, net inflows 11.4% (2024)
- Inflation, GDP deflator 2.6% (2025)
- Gross value added at basic prices (GVA) 78.02 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 83.57 billion current US$ (2024)
- Industry (including construction), value added 37.0% (2024)
- Services, value added 52.2% (2024)
Frequently asked questions
- What is service exports in Caribbean small states?
- Service exports in Caribbean small states was 16.23 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Caribbean small states?
- The highest recorded value was 16.23 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Caribbean small states?
- The lowest recorded value was 911.46 million BoP, current US$ in 1976.
- Is service exports rising or falling in Caribbean small states?
- Over the last ten years it is up 70.9%. The long-run trend across the full record is volatile.
- Where does this Caribbean small states data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. 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.