Services, value added in Barbados
Barbados: Services, value added was 5.76 billion current US$ in 2024. ◆ Volatile
Services, value added in Barbados, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Barbados is 5.76 billion current US$, measured in 2024. That is the highest value across all 50 years on record.
That represents a change of up 5.7% on the previous year and up 33.8% over ten years.
Over the whole period, services, value added in Barbados peaked at 5.76 billion current US$ in 2024 and was at its lowest, 187.47 million current US$, in 1975.
Barbados ranks 157th of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 258.61 million current US$ | 187.47 million current US$ | 347.69 million current US$ | 5 |
| 1980s | 634.56 million current US$ | 429.92 million current US$ | 892.71 million current US$ | 10 |
| 1990s | 1.64 billion current US$ | 1.40 billion current US$ | 2.08 billion current US$ | 10 |
| 2000s | 2.74 billion current US$ | 2.18 billion current US$ | 3.47 billion current US$ | 10 |
| 2010s | 4.28 billion current US$ | 4.06 billion current US$ | 4.59 billion current US$ | 10 |
| 2020s | 4.97 billion current US$ | 3.97 billion current US$ | 5.76 billion current US$ | 5 |
Countries ranked near Barbados
- 154 New Caledonia 6.18 billion current US$ compare
- 155 Brunei 6.05 billion current US$ compare
- 156 Montenegro 5.85 billion current US$ compare
- 159 Maldives 5.41 billion current US$ compare
- 160 Tajikistan 5.26 billion current US$ 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 6.50 billion constant 2015 US$ (2025)
- Industry (including construction), value added 12.2% (2024)
Frequently asked questions
- What is services, value added in Barbados?
- Services, value added in Barbados was 5.76 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Barbados?
- The highest recorded value was 5.76 billion current US$ in 2024.
- What is the lowest services, value added recorded in Barbados?
- The lowest recorded value was 187.47 million current US$ in 1975.
- How does Barbados rank for services, value added?
- Barbados ranks 157th out of 205 countries with data for 2024.
- Is services, value added rising or falling in Barbados?
- Over the last ten years it is up 33.8%. 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 Services, value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.