ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Barbados
Barbados: ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) was 50,957 USD in 2024. ▲ Rising
ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Barbados, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, ilo - modelled estimates; faostat - value added (2015 us$) in Barbados stood at 50,957 USD. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 2.6% on the previous year and up 88.7% over ten years.
Over the whole period, ilo - modelled estimates; faostat - value added (2015 us$) in Barbados peaked at 50,957 USD in 2024 and was at its lowest, 12,592 USD, in 2006.
Barbados ranks 19th of 168 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Barbados, year by year
| Year | USD | Change |
|---|---|---|
| 1991 | 18,618 USD | — |
| 1992 | 14,895 USD | -20.0% |
| 1993 | 16,295 USD | +9.4% |
| 1994 | 16,263 USD | -0.2% |
| 1995 | 17,536 USD | +7.8% |
| 1996 | 16,422 USD | -6.4% |
| 1997 | 16,720 USD | +1.8% |
| 1998 | 16,776 USD | +0.3% |
| 1999 | 18,498 USD | +10.3% |
| 2000 | 21,921 USD | +18.5% |
| 2001 | 17,717 USD | -19.2% |
| 2002 | 17,446 USD | -1.5% |
| 2003 | 14,485 USD | -17.0% |
| 2004 | 13,460 USD | -7.1% |
| 2005 | 20,294 USD | +50.8% |
| 2006 | 12,592 USD | -38.0% |
| 2007 | 16,737 USD | +32.9% |
| 2008 | 17,840 USD | +6.6% |
| 2009 | 21,409 USD | +20.0% |
| 2010 | 25,084 USD | +17.2% |
| 2011 | 24,144 USD | -3.7% |
| 2012 | 25,243 USD | +4.5% |
| 2013 | 26,181 USD | +3.7% |
| 2014 | 27,007 USD | +3.2% |
| 2015 | 24,781 USD | -8.2% |
| 2016 | 24,606 USD | -0.7% |
| 2017 | 23,119 USD | -6.0% |
| 2018 | 29,714 USD | +28.5% |
| 2019 | 33,564 USD | +13.0% |
| 2020 | 38,903 USD | +15.9% |
| 2021 | 28,476 USD | -26.8% |
| 2022 | 21,924 USD | -23.0% |
| 2023 | 49,642 USD | +126.4% |
| 2024 | 50,957 USD | +2.6% |
Barbados compared with similar countries
- Barbados's 50,957 USD is above the median for high income countries, which is 39,120 USD, 1.3× the median. (52 countries reporting)
- Barbados's 50,957 USD is above the median for Latin America & Caribbean, which is 6,666 USD, 7.6× the median. (28 countries reporting)
Biggest year-on-year movements
Years where ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +126.4% | 21,924 USD | 49,642 USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16,891 USD | 14,895 USD | 18,618 USD | 9 |
| 2000s | 17,390 USD | 12,592 USD | 21,921 USD | 10 |
| 2010s | 26,344 USD | 23,119 USD | 33,564 USD | 10 |
| 2020s | 37,981 USD | 21,924 USD | 50,957 USD | 5 |
Countries ranked near Barbados
- 16 Finland 56,967 USD compare
- 17 New Zealand 56,538 USD compare
- 18 Sweden 54,610 USD compare
- 20 Puerto Rico 50,257 USD compare
- 21 Luxembourg 45,027 USD compare
- 22 Bahamas 44,635 USD compare
More agriculture & rural data for Barbados
- Agriculture, forestry, and fishing, value added (current US$), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0155 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current US$), per 418.19 current US$ per person (2024)
- Rural population, annual growth rate -0.3404 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.403 units per person (2025)
- Share of GDP from agriculture 1.6% (2024)
- Agriculture as a share of GDP vs. GDP per capita 1.6% (2024)
- Agricultural raw materials exports 0.1% (2024)
- Agricultural raw materials imports 0.9% (2024)
Frequently asked questions
- What is ilo - modelled estimates; faostat - value added (2015 us$) in Barbados?
- Ilo - modelled estimates; faostat - value added (2015 us$) in Barbados was 50,957 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest ilo - modelled estimates; faostat - value added (2015 us$) recorded in Barbados?
- The highest recorded value was 50,957 USD in 2024.
- What is the lowest ilo - modelled estimates; faostat - value added (2015 us$) recorded in Barbados?
- The lowest recorded value was 12,592 USD in 2006.
- How does Barbados rank for ilo - modelled estimates; faostat - value added (2015 us$)?
- Barbados ranks 19th out of 168 countries with data for 2024.
- Is ilo - modelled estimates; faostat - value added (2015 us$) rising or falling in Barbados?
- Over the last ten years it is up 88.7%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) — Agriculture value added per worker (constant 2015 US$) — Value. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Employment indicators domain focuses on indicators related to employment in agrifood systems and rural areas. The update is performed yearly, using data from the International Labour Organization (ILO) database that contains a rich set of indicators from a wide range of topics related to labour statistics. The indicators published in FAOSTAT are derived from the labour force statistics (LFS) and rural and urban labour markets (RURURB) databases of the ILOSTAT database. In addition, the ILO modelled estimates and projections (ILOEST) are used to provide information on employment in agriculture. FAOSTAT also publishes indicators on employment in agrifood systems (AFS) from 2000 at the national, regional, and global levels, using a methodology developed by the FAO to estimate the number of people employed within these systems.