Barbados: Agriculture, forestry, and fishing, value added (constant LCU)

Key figures

What the numbers say

In 2024, Barbados' agriculture, forestry, and fishing, value added (constant LCU) fell 4.2% on 2023 (from 238.72 million to 228.57 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.1% and a typical year strayed about 11.3% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 28.2% in 2018 and the biggest yearly fall was 28.7% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Barbados had the 17th highest value of the 24 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Barbados in the 2024 ranking

• Cuba — 13th of 24: 840 million
• Trinidad and Tobago — 14th of 24: 679.99 million
• Timor-Leste — 15th of 24: 331.07 million
• Tonga — 17th of 24: 158.13 million
• Bahamas, The — 18th of 24: 85.8 million
• Kiribati — 19th of 24: 83.43 million

What this measures

Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 50 values

Agriculture, forestry, and fishing, value added (constant LCU) in nearby economies

• Antigua and Barbuda — 66.44 million (2025)
• Argentina — 53.69 billion (2025)
• Aruba — 2.05 million (2023)
• Bahamas, The — 85.8 million (2024)
• Belize — 486.49 million (2025)
• Bolivia — 29.21 billion (2024)
• Brazil — 267.12 billion (2025)
• Cayman Islands — 19.77 million (2024)
• Chile — 8.69 trillion (2025)

More economic policy & debt data for Barbados

• GDP (current US$) — US$8.02 billion (2025)
• GDP (current LCU) — 16.03 billion (2025)
• GDP (constant 2015 US$) — US$6.5 billion (2025)
• GDP (constant LCU) — 15.34 billion (2025)
• GDP per capita (current US$) — US$28,365 (2025)
• GDP per capita (current LCU) — 56,730 (2025)
• GDP per capita (constant 2015 US$) — US$23,014 (2025)
• GDP per capita (constant LCU) — 54,263 (2025)
• GNI (current US$) — US$7.69 billion (2025)
• GNI (current LCU) — 15.38 billion (2025)
• GNI per capita (current LCU) — 54,417 (2025)

Reading data like this

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Questions people ask

What is Barbados's agriculture, forestry, and fishing, value added (constant LCU)?

228.57 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1975?

It is down 33.89% from 345.73 million in 1975 (0.84% a year on average, compounded). The highest value was 431.26 million in 1980 and the lowest 211.91 million in 2022.

How does Barbados rank?

17th highest of 24 economies with data for 2024.

Is the latest change in agriculture, forestry, and fishing, value added (constant LCU) unusual for Barbados?

In 2024, Barbados' agriculture, forestry, and fishing, value added (constant LCU) fell 4.2% on 2023 (from 238.72 million to 228.57 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.1% and a typical year strayed about 11.3% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.AGR.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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