Barbados Gross Domestic Product: Annual Growth Rate
BB: GDP: Growth
BB: GDP: Growth data was reported at 2.482 % in 2024. This records a decrease from the previous number of 2.914 % for 2023. BB: GDP: Growth data is updated yearly, averaging -5.693 % from Dec 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 17.226 % in 2022 and a record low of -14.365 % in 2020. BB: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 2.482 2024 | yearly | 1961 - 2024 |
View Barbados's BB: GDP: Growth from 1961 to 2024 in the chart:
BB: GDP: Growth:(GDP) Gross Domestic Productper Capita
BB: GDP: Growth: GDP per Capita data was reported at 2.435 % in 2024. This records a decrease from the previous number of 2.908 % for 2023. BB: GDP: Growth: GDP per Capita data is updated yearly, averaging -6.016 % from Dec 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 17.155 % in 2022 and a record low of -14.514 % in 2020. BB: GDP: Growth: GDP per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 4.087 2023 | yearly | 1961 - 2023 |
View Barbados's BB: GDP: Growth:(GDP) Gross Domestic Productper Capita from 1961 to 2023 in the chart:
BB: GDP: Growth: Gross Value Added: Agriculture
BB: GDP: Growth: Gross Value Added: Agriculture data was reported at -6.323 % in 2019. This records a decrease from the previous number of 14.776 % for 2018. BB: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging -0.583 % from Dec 1976 (Median) to 2019, with 44 observations. The data reached an all-time high of 17.669 % in 1996 and a record low of -17.174 % in 1981. BB: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| -6.323 2019 | yearly | 1976 - 2019 |
View Barbados's BB: GDP: Growth: Gross Value Added: Agriculture from 1976 to 2019 in the chart:
BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing
BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at -4.231 % in 2024. This records a decrease from the previous number of 12.647 % for 2023. BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 3.729 % from Dec 1976 (Median) to 2024, with 49 observations. The data reached an all-time high of 28.254 % in 2018 and a record low of -28.678 % in 2021. BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.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.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -4.231 2024 | yearly | 1976 - 2024 |
View Barbados's BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing from 1976 to 2024 in the chart:
BB: GDP: Growth: Gross Value Added: Industry
BB: GDP: Growth: Gross Value Added: Industry data was reported at -3.355 % in 2019. This records a decrease from the previous number of -2.299 % for 2018. BB: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging -0.292 % from Dec 1976 (Median) to 2019, with 44 observations. The data reached an all-time high of 15.237 % in 1976 and a record low of -14.826 % in 2009. BB: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| -3.355 2019 | yearly | 1976 - 2019 |
View Barbados's BB: GDP: Growth: Gross Value Added: Industry from 1976 to 2019 in the chart:
BB: GDP: Growth: Gross Value Added: Industry: Manufacturing
BB: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 0.403 % in 2024. This records an increase from the previous number of -0.134 % for 2023. BB: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging -2.453 % from Dec 1976 (Median) to 2024, with 49 observations. The data reached an all-time high of 18.229 % in 2022 and a record low of -19.383 % in 1998. BB: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical tranformation 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 0.403 2024 | yearly | 1976 - 2024 |
View Barbados's BB: GDP: Growth: Gross Value Added: Industry: Manufacturing from 1976 to 2024 in the chart:
Barbados BB: GDP: Growth: Gross Value Added: Services
BB: GDP: Growth: Gross Value Added: Services data was reported at 2.085 % in 2016. This records an increase from the previous number of 1.309 % for 2015. BB: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 1.745 % from Dec 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 8.367 % in 1979 and a record low of -5.083 % in 1992. BB: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 2.08 2016 | yearly | 1976 - 2016 |