Services share of GDP — all countries

Services share of GDP — Barbados

Services share of GDP in Barbados in 2024 — 75.8%. Ranked 13 in the world out of 189. Since 1975, the indicator has risen by 29.2 pp.

2024 75.8% +0.3 pp vs 2023
World rank 13of 189
Period maximum 75.8%2024
Period minimum 42.5%1980

Trend over time

1975–2024 · % of GDP

Services share of GDP — Barbados, 1975–20244050607080197519801985199019952000200520102015202020241975: 46.6%1976: 51.2%1977: 51%1978: 51%1979: 51.9%1980: 42.5%1981: 44.1%1982: 43.7%1983: 42.8%1984: 43.2%1985: 45.7%1986: 44.7%1987: 45.1%1988: 44.5%1989: 44.5%1990: 71%1991: 70.5%1992: 71.5%1993: 70.6%1994: 71.9%1995: 72.2%1996: 72.8%1997: 72%1998: 70.4%1999: 70.6%2000: 71.3%2001: 71.5%2002: 73.7%2003: 71.7%2004: 72.9%2005: 71.9%2006: 72.5%2007: 72%2008: 72.5%2009: 73.8%2010: 75.3%2011: 75.5%2012: 73.9%2013: 75.5%2014: 75.7%2015: 74.7%2016: 75%2017: 74.2%2018: 74.1%2019: 74.4%2020: 73.6%2021: 74.9%2022: 75.7%2023: 75.5%2024: 75.8%
Change over the period: +29.2 pp Annual average: 0.6 pp

Comparison, 2024

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

Barbados 75.8%
World 63.3%
High-income countries computed 65.7%
Services share of GDP — Barbados, by year Barbados All countries CSV XLSX
Year % Change, pp
2024 75.8 +0.3 pp
2023 75.5 −0.2 pp
2022 75.7 +0.8 pp
2021 74.9 +1.3 pp
2020 73.6 −0.9 pp
2019 74.4 +0.3 pp
2018 74.1 −0.1 pp
2017 74.2 −0.8 pp
2016 75 +0.3 pp
2015 74.7 −1 pp
2014 75.7 +0.2 pp
2013 75.5 +1.6 pp
2012 73.9 −1.5 pp
2011 75.5 +0.1 pp
2010 75.3 +1.5 pp
2009 73.8 +1.4 pp
2008 72.5 +0.4 pp
2007 72 −0.5 pp
2006 72.5 +0.6 pp
2005 71.9 −0.9 pp
2004 72.9 +1.1 pp
2003 71.7 −2 pp
2002 73.7 +2.2 pp
2001 71.5 +0.2 pp
2000 71.3 +0.7 pp
1999 70.6 +0.2 pp
1998 70.4 −1.5 pp
1997 72 −0.9 pp
1996 72.8 +0.7 pp
1995 72.2 +0.2 pp
1994 71.9 +1.3 pp
1993 70.6 −0.9 pp
1992 71.5 +1 pp
1991 70.5 −0.5 pp
1990 71 +26.5 pp
1989 44.5 −0 pp
1988 44.5 −0.6 pp
1987 45.1 +0.5 pp
1986 44.7 −1 pp
1985 45.7 +2.4 pp
1984 43.2 +0.4 pp
1983 42.8 −0.9 pp
1982 43.7 −0.3 pp
1981 44.1 +1.6 pp
1980 42.5 −9.4 pp
1979 51.9 +0.9 pp
1978 51 −0 pp
1977 51 −0.2 pp
1976 51.2 +4.6 pp
1975 46.6

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

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