Service exports — all countries

Service exports — Barbados

Service exports in Barbados in 2017 — 1,522,876,825 US$. Ranked 113 in the world out of 184. Since 1967, the indicator has risen by 5,061.1%.

2017 1.52B US$ +6.24% vs 2016
World rank 113of 184
Period maximum 1.52B US$2017
Period minimum 29.51M US$1967

Trend over time

1967–2017 · US$

Service exports — Barbados, 1967–20170500M1B1.5B2B196719721977198219871992199720022007201220171967: 29,506,757 US$1968: 36,475,405 US$1969: 39,635,070 US$1970: 52,678,935 US$1971: 67,111,221 US$1972: 78,678,602 US$1973: 88,627,838 US$1974: 92,215,001 US$1975: 97,502,559 US$1976: 110,179,890 US$1977: 144,361,737 US$1978: 183,033,447 US$1979: 270,765,875 US$1980: 330,007,750 US$1981: 335,896,750 US$1982: 344,420,500 US$1983: 340,498,125 US$1984: 378,957,875 US$1985: 410,093,000 US$1986: 459,878,055 US$1987: 507,336,150 US$1988: 595,328,385 US$1989: 682,288,379 US$1990: 630,269,186 US$1991: 613,735,840 US$1992: 613,923,747 US$1993: 685,035,681 US$1994: 796,282,897 US$1995: 802,339,882 US$1996: 967,337,837 US$1997: 897,998,515 US$1998: 947,054,053 US$1999: 990,106,082 US$2000: 1,086,381,635 US$2001: 1,013,406,503 US$2002: 1,027,010,772 US$2003: 1,118,743,985 US$2004: 1,094,984,027 US$2005: 1,254,521,122 US$2006: 1,378,471,021 US$2007: 1,457,702,039 US$2008: 1,518,750,205 US$2009: 1,414,555,083 US$2010: 1,332,206,786 US$2011: 1,298,372,810 US$2012: 1,257,512,102 US$2013: 1,458,379,199 US$2014: 1,377,789,275 US$2015: 1,418,579,638 US$2016: 1,433,366,847 US$2017: 1,522,876,825 US$
Change over the period: +1.49B (+5,061.11%) Average annual rate: 8.21 %

Comparison, 2017

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

Barbados 1.52B US$
World 5.66T US$
Caribbean computed 30.5B US$
High-income countries computed 4.42T US$
Service exports — Barbados, by year Barbados All countries CSV XLSX
Year US$ Change Change, %
2017 1.52B +89.51M +6.24%
2016 1.43B +14.79M +1.04%
2015 1.42B +40.79M +2.96%
2014 1.38B −80.59M −5.53%
2013 1.46B +201M +15.97%
2012 1.26B −40.86M −3.15%
2011 1.3B −33.83M −2.54%
2010 1.33B −82.35M −5.82%
2009 1.41B −104M −6.86%
2008 1.52B +61.05M +4.19%
2007 1.46B +79.23M +5.75%
2006 1.38B +124M +9.88%
2005 1.25B +160M +14.57%
2004 1.09B −23.76M −2.12%
2003 1.12B +91.73M +8.93%
2002 1.03B +13.6M +1.34%
2001 1.01B −72.98M −6.72%
2000 1.09B +96.28M +9.72%
1999 990M +43.05M +4.55%
1998 947M +49.06M +5.46%
1997 898M −69.34M −7.17%
1996 967M +165M +20.56%
1995 802M +6.06M +0.76%
1994 796M +111M +16.24%
1993 685M +71.11M +11.58%
1992 614M +187,908 +0.03%
1991 614M −16.53M −2.62%
1990 630M −52.02M −7.62%
1989 682M +86.96M +14.61%
1988 595M +87.99M +17.34%
1987 507M +47.46M +10.32%
1986 460M +49.79M +12.14%
1985 410M +31.14M +8.22%
1984 379M +38.46M +11.3%
1983 340M −3.92M −1.14%
1982 344M +8.52M +2.54%
1981 336M +5.89M +1.78%
1980 330M +59.24M +21.88%
1979 271M +87.73M +47.93%
1978 183M +38.67M +26.79%
1977 144M +34.18M +31.02%
1976 110M +12.68M +13%
1975 97.5M +5.29M +5.73%
1974 92.22M +3.59M +4.05%
1973 88.63M +9.95M +12.65%
1972 78.68M +11.57M +17.24%
1971 67.11M +14.43M +27.4%
1970 52.68M +13.04M +32.91%
1969 39.64M +3.16M +8.66%
1968 36.48M +6.97M +23.62%
1967 29.51M

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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