Barbados Gross Domestic Product: Annual Growth Rate
BB: GDP: Growth
BB: GDP: Growth data was reported at 4.516 % in 2023. This records a decrease from the previous number of 13.481 % for 2022. BB: GDP: Growth data is updated yearly, averaging 2.079 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 13.481 % in 2022 and a record low of -12.540 % 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. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 4.516 2023 | yearly | 1961 - 2023 |
View Barbados's BB: GDP: Growth from 1961 to 2023 in the chart:
BB: GDP: Growth:(GDP) Gross Domestic Productper Capita
BB: GDP: Growth: GDP per Capita data was reported at 4.383 % in 2023. This records a decrease from the previous number of 13.306 % for 2022. BB: GDP: Growth: GDP per Capita data is updated yearly, averaging 1.777 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 13.306 % in 2022 and a record low of -12.700 % 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. Annual percentage growth rate of GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 4.383 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 3.226 % in 2023. This records an increase from the previous number of -12.799 % for 2022. BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging -0.122 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 20.932 % in 2018 and a record low of -22.193 % 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. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 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 4.;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 |
|---|---|---|
| 3.226 2023 | yearly | 1976 - 2023 |
View Barbados's BB: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing from 1976 to 2023 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 10.720 % in 2022. This records an increase from the previous number of -2.557 % for 2021. BB: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging -0.607 % from Dec 1976 (Median) to 2022, with 47 observations. The data reached an all-time high of 16.909 % in 1976 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. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. 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 4.;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 |
|---|---|---|
| 10.720 2022 | yearly | 1976 - 2022 |
View Barbados's BB: GDP: Growth: Gross Value Added: Industry: Manufacturing from 1976 to 2022 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 |