Manufacturing share of GDP — all countries

Manufacturing share of GDP — Caribbean

Manufacturing share of GDP in the Caribbean in 2023 — 22%. Since 2006, the indicator has fallen by 1.9 pp.

2023 22% −1 pp vs 2022
World rank
Period maximum 25.2%2010
Period minimum 20.8%2019

Trend over time

2006–2023 · % of GDP

Manufacturing share of GDP — Caribbean, 2006–20232022242620062008201020122014201620182020202220232006: 23.9%2007: 23.3%2008: 23.7%2009: 24.9%2010: 25.2%2011: 24.3%2012: 23.6%2013: 23%2014: 22.6%2015: 22.6%2016: 22.6%2017: 21.6%2018: 20.9%2019: 20.8%2020: 21.1%2021: 24.3%2022: 23%2023: 22%
Change over the period: −1.9 pp Annual average: -0.11 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Caribbean

Caribbean 22%
World 15.2%
Manufacturing share of GDP — Caribbean, by year Caribbean All countries CSV XLSX
Year % Change, pp
2023 22 −1 pp
2022 23 −1.3 pp
2021 24.3 +3.2 pp
2020 21.1 +0.4 pp
2019 20.8 −0.1 pp
2018 20.9 −0.7 pp
2017 21.6 −1 pp
2016 22.6 −0.1 pp
2015 22.6 +0 pp
2014 22.6 −0.3 pp
2013 23 −0.6 pp
2012 23.6 −0.7 pp
2011 24.3 −0.9 pp
2010 25.2 +0.3 pp
2009 24.9 +1.2 pp
2008 23.7 +0.3 pp
2007 23.3 −0.6 pp
2006 23.9

About the indicator

The share of manufacturing value added in GDP. This is the cleanest indicator of an industrial base: unlike the share of industry as a whole it excludes mining and construction. A rising share usually accompanies industrialization, while its decline in advanced countries marks the shift to a service economy.

Source: World Development Indicators (World Bank), license CC BY 4.0.