Caribbean small states: Industry, including construction, value added per worker (constant 2015 US$)

Key figures

What the numbers say

In 2024, Caribbean small states' industry, including construction, value added per worker (constant 2015 US$) rose US$18,690 on 2023 (from US$61,339 to US$80,029).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$1,159 and a typical year strayed about US$2,761 from that (the standard deviation). This year's change was 6.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$18,690 in 2024 and the biggest yearly fall was US$2,511 in 1995. 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$4,058 a year. A straight line explains 69% 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

See how every economy compares in the full ranking.

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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. The core indicator has been divided by the number of workers in this sector to derive a measure of labor productivity. 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

Industry, including construction, value added per worker (constant 2015 US$) in nearby economies

• Afghanistan — US$2,890 (2024)
• Algeria — US$19,933 (2025)
• Bahrain — US$46,425 (2025)
• Djibouti — US$51,907 (2025)
• Egypt, Arab Rep. — US$15,401 (2025)
• Iran, Islamic Rep. — US$19,619 (2025)
• Iraq — US$27,075 (2025)
• Israel — US$112,496 (2024)

More economic policy & debt data for Caribbean small states

• GDP (current US$) — US$95.14 billion (2025)
• GDP (constant 2015 US$) — US$91.37 billion (2025)
• GDP per capita (current US$) — US$20,880 (2025)
• GDP per capita (constant 2015 US$) — US$20,053 (2025)
• GNI (current US$) — US$87.32 billion (2025)
• GDP (annual % growth) — 7.98% (2025)
• GDP per capita (annual % growth) — 7.56% (2025)
• GNI, Atlas method (current US$) — US$88.41 billion (2025)
• GNI per capita, Atlas method (current US$) — US$19,403 (2025)
• Agriculture, forestry, and fishing, value added (current US$)

Reading data like this

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Questions people ask

What is Caribbean small states's industry, including construction, value added per worker (constant 2015 US$)?

US$80,029 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 191.68% from US$27,437 in 1991 (3.3% a year on average, compounded). The highest value was US$80,029 in 2024 and the lowest US$25,083 in 1995.

Is the latest change in industry, including construction, value added per worker (constant 2015 US$) unusual for Caribbean small states?

In 2024, Caribbean small states' industry, including construction, value added per worker (constant 2015 US$) rose US$18,690 on 2023 (from US$61,339 to US$80,029). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$1,159 and a typical year strayed about US$2,761 from that (the standard deviation). This year's change was 6.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NV.IND.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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