Caribbean small states: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2024, Caribbean small states' manufacturing, value added (current US$) rose 3.5% on 2023 (from US$5.77 billion to US$5.98 billion).

Across the 11 yearly changes before that (2013 to 2023), the average change was −0.9% and a typical year strayed about 13.7% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 23.2% in 2021 and the biggest yearly fall was 20.2% in 2023. 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 6% 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

See how every economy compares in the full ranking.

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 13 values

Manufacturing, value added (current US$) in nearby economies

• Afghanistan — US$1.5 billion (2024)
• Algeria — US$25.46 billion (2024)
• Bahrain — US$9.74 billion (2025)
• Djibouti — US$219.41 million (2024)
• Egypt, Arab Rep. — US$52.96 billion (2025)
• Iran, Islamic Rep. — US$97.86 billion (2024)
• Iraq — US$10.17 billion (2025)
• Israel — US$60.96 billion (2024)
• Jordan — US$10.7 billion (2025)
• Kuwait — US$12.17 billion (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Caribbean small states's manufacturing, value added (current US$)?

US$5.98 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is down 14.85% from US$7.02 billion in 2012 (1.33% a year on average, compounded). The highest value was US$7.24 billion in 2022 and the lowest US$4.88 billion in 2020.

Is the latest change in manufacturing, value added (current US$) unusual for Caribbean small states?

In 2024, Caribbean small states' manufacturing, value added (current US$) rose 3.5% on 2023 (from US$5.77 billion to US$5.98 billion). Across the 11 yearly changes before that (2013 to 2023), the average change was −0.9% and a typical year strayed about 13.7% from that (the standard deviation). This year's change was 0.3 standard deviations above 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.IND.MANF.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.