Barbados: Agriculture, forestry, and fishing, value added per worker (constant 2015 US$)

Key figures

What the numbers say

In 2024, Barbados' agriculture, forestry, and fishing, value added per worker (constant 2015 US$) rose US$177.72 on 2023 (from US$49,840 to US$50,018).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$900.45 and a typical year strayed about US$6,811 from that (the standard deviation). This year's change was 0.1 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 US$28,468 in 2023 and the biggest yearly fall was US$10,994 in 2006. 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 the straight-line trend is upward, about US$2,482 a year. A straight line explains 49% of the movement over 10 observed years.

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 3rd highest value of the 17 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

• Israel — 1st of 17: US$118,493
• New Zealand — 2nd of 17: US$55,088
• Bahamas, The — 4th of 17: US$46,901
• United Arab Emirates — 5th of 17: US$37,801
• Japan — 6th of 17: US$20,324

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 is 2015. This indicator is expressed in United States dollars.

Limitations: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD].

Regional and income-group figures are computed by the World Bank as a weighted average.

All 34 values

Agriculture, forestry, and fishing, value added per worker (constant 2015 US$) in nearby economies

• Argentina — US$20,489 (2025)
• Bahamas, The — US$46,901 (2024)
• Belize — US$9,344 (2025)
• Bolivia — US$2,732 (2024)
• Brazil — US$14,204 (2025)
• Chile — US$20,488 (2025)
• Colombia — US$6,622 (2025)
• Costa Rica — US$11,286 (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 per worker (constant 2015 US$)?

US$50,018 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 90.72% from US$26,226 in 1991 (1.98% a year on average, compounded). The highest value was US$50,018 in 2024 and the lowest US$18,023 in 2006.

How does Barbados rank?

3rd highest of 17 economies with data for 2024.

Is the latest change in agriculture, forestry, and fishing, value added per worker (constant 2015 US$) unusual for Barbados?

In 2024, Barbados' agriculture, forestry, and fishing, value added per worker (constant 2015 US$) rose US$177.72 on 2023 (from US$49,840 to US$50,018). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$900.45 and a typical year strayed about US$6,811 from that (the standard deviation). This year's change was 0.1 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.EMPL.KD, licensed CC BY 4.0. Original source: World Development Indicators database, World Bank (WB); ILOSTAT database, International Labour Organization (ILO) 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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