Barbados - Services

Services, etc., value added (current US$)

The latest value for Services, etc., value added (current US$) in Barbados was $2,923,200,000 as of 2012. Over the past 52 years, the value for this indicator has fluctuated between $3,218,800,000 in 2009 and $45,966,550 in 1960.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $45,966,550
1961 $48,883,210
1962 $50,924,870
1963 $56,816,520
1964 $57,633,190
1965 $60,841,510
1966 $66,266,500
1967 $75,829,930
1968 $81,200,000
1969 $92,750,000
1970 $111,150,000
1971 $127,652,000
1972 $145,526,500
1973 $181,196,400
1974 $217,270,600
1975 $236,176,400
1976 $279,119,700
1977 $307,355,000
1978 $339,382,500
1979 $414,706,900
1980 $515,785,800
1981 $595,386,000
1982 $633,272,000
1983 $657,833,200
1984 $717,048,600
1985 $792,721,100
1986 $845,721,600
1987 $924,924,200
1988 $985,730,600
1989 $1,103,963,000
1990 $1,363,098,000
1991 $1,371,252,000
1992 $1,368,200,000
1993 $1,457,515,000
1994 $1,537,861,000
1995 $1,603,391,000
1996 $1,688,212,000
1997 $1,781,634,000
1998 $2,035,748,000
1999 $2,043,305,000
2000 $2,122,600,000
2001 $2,132,350,000
2002 $2,168,500,000
2003 $2,228,850,000
2004 $2,420,100,000
2005 $2,700,050,000
2006 $3,046,500,000
2007 $3,182,150,000
2008 $3,176,750,000
2009 $3,218,800,000
2010 $3,047,350,000
2011 $3,077,900,000
2012 $2,923,200,000

Services, etc., value added (current LCU)

The value for Services, etc., value added (current LCU) in Barbados was 5,846,400,000 as of 2012. As the graph below shows, over the past 52 years this indicator reached a maximum value of 6,437,600,000 in 2009 and a minimum value of 78,800,000 in 1960.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 78,800,000
1961 83,800,000
1962 87,300,000
1963 97,400,000
1964 98,800,000
1965 104,300,000
1966 113,600,000
1967 131,800,000
1968 162,400,000
1969 185,500,000
1970 222,300,000
1971 252,100,000
1972 279,600,000
1973 355,000,000
1974 446,100,000
1975 477,100,000
1976 559,300,000
1977 616,800,000
1978 682,600,000
1979 834,100,000
1980 1,037,400,000
1981 1,197,500,000
1982 1,273,700,000
1983 1,323,100,000
1984 1,442,200,000
1985 1,594,400,000
1986 1,701,000,000
1987 1,860,300,000
1988 1,982,600,000
1989 2,220,400,000
1990 2,741,600,000
1991 2,758,000,000
1992 2,736,400,000
1993 2,931,500,000
1994 3,093,100,000
1995 3,224,900,000
1996 3,395,500,000
1997 3,583,400,000
1998 4,094,500,000
1999 4,109,700,000
2000 4,245,200,000
2001 4,264,700,000
2002 4,337,000,000
2003 4,457,700,000
2004 4,840,200,000
2005 5,400,100,000
2006 6,093,000,000
2007 6,364,300,000
2008 6,353,500,000
2009 6,437,600,000
2010 6,094,700,000
2011 6,155,800,000
2012 5,846,400,000

Services, etc., value added (constant 2005 US$)

The latest value for Services, etc., value added (constant 2005 US$) in Barbados was 3,054,478,000 as of 2012. Over the past 46 years, the value for this indicator has fluctuated between 3,054,478,000 in 2012 and 875,872,400 in 1966.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant 2005 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1966 875,872,400
1967 988,037,600
1968 1,148,022,000
1969 1,259,484,000
1970 1,399,075,000
1971 1,511,592,000
1972 1,563,631,000
1973 1,585,783,000
1974 1,568,554,000
1975 1,534,447,000
1976 1,547,105,000
1977 1,651,183,000
1978 1,739,087,000
1979 1,847,736,000
1980 1,924,388,000
1981 1,926,849,000
1982 1,836,836,000
1983 1,821,013,000
1984 1,879,381,000
1985 1,938,101,000
1986 2,033,037,000
1987 2,145,553,000
1988 2,222,205,000
1989 2,318,900,000
1990 2,228,535,000
1991 2,144,499,000
1992 2,035,498,000
1993 2,071,011,000
1994 2,170,870,000
1995 2,196,186,000
1996 2,248,577,000
1997 2,349,842,000
1998 2,516,507,000
1999 2,491,894,000
2000 2,564,678,000
2001 2,501,739,000
2002 2,502,442,000
2003 2,579,798,000
2004 2,623,750,000
2005 2,700,050,000
2006 2,907,854,000
2007 2,970,793,000
2008 3,009,823,000
2009 2,939,148,000
2010 2,988,374,000
2011 3,016,503,000
2012 3,054,478,000

Services, etc., value added (annual % growth)

The value for Services, etc., value added (annual % growth) in Barbados was 1.26 as of 2012. As the graph below shows, over the past 45 years this indicator reached a maximum value of 16.19 in 1968 and a minimum value of -5.08 in 1992.

Definition: Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1967 12.81
1968 16.19
1969 9.71
1970 11.08
1971 8.04
1972 3.44
1973 1.42
1974 -1.09
1975 -2.17
1976 0.82
1977 6.73
1978 5.32
1979 6.25
1980 4.15
1981 0.13
1982 -4.67
1983 -0.86
1984 3.21
1985 3.12
1986 4.90
1987 5.53
1988 3.57
1989 4.35
1990 -3.90
1991 -3.77
1992 -5.08
1993 1.74
1994 4.82
1995 1.17
1996 2.39
1997 4.50
1998 7.09
1999 -0.98
2000 2.92
2001 -2.45
2002 0.03
2003 3.09
2004 1.70
2005 2.91
2006 7.70
2007 2.16
2008 1.31
2009 -2.35
2010 1.67
2011 0.94
2012 1.26

Services, etc., value added (constant LCU)

The value for Services, etc., value added (constant LCU) in Barbados was 868,700,000 as of 2012. As the graph below shows, over the past 46 years this indicator reached a maximum value of 868,700,000 in 2012 and a minimum value of 249,100,000 in 1966.

Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1966 249,100,000
1967 281,000,000
1968 326,500,000
1969 358,200,000
1970 397,900,000
1971 429,900,000
1972 444,700,000
1973 451,000,000
1974 446,100,000
1975 436,400,000
1976 440,000,000
1977 469,600,000
1978 494,600,000
1979 525,500,000
1980 547,300,000
1981 548,000,000
1982 522,400,000
1983 517,900,000
1984 534,500,000
1985 551,200,000
1986 578,200,000
1987 610,200,000
1988 632,000,000
1989 659,500,000
1990 633,800,000
1991 609,900,000
1992 578,900,000
1993 589,000,000
1994 617,400,000
1995 624,600,000
1996 639,500,000
1997 668,300,000
1998 715,700,000
1999 708,700,000
2000 729,400,000
2001 711,500,000
2002 711,700,000
2003 733,700,000
2004 746,200,000
2005 767,900,000
2006 827,000,000
2007 844,900,000
2008 856,000,000
2009 835,900,000
2010 849,900,000
2011 857,900,000
2012 868,700,000

Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Barbados was 82.86 as of 2012. Its highest value over the past 52 years was 83.76 in 2011, while its lowest value was 56.89 in 1963.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 58.81
1961 58.11
1962 58.47
1963 56.89
1964 58.81
1965 58.79
1966 59.76
1967 61.39
1968 65.62
1969 67.87
1970 69.49
1971 70.97
1972 70.77
1973 71.16
1974 69.66
1975 68.10
1976 70.98
1977 69.30
1978 69.34
1979 69.74
1980 67.54
1981 70.19
1982 71.39
1983 69.67
1984 69.52
1985 73.12
1986 74.04
1987 74.44
1988 74.32
1989 76.31
1990 75.36
1991 76.50
1992 78.91
1993 79.84
1994 80.97
1995 79.94
1996 79.65
1997 79.21
1998 80.41
1999 79.70
2000 80.04
2001 80.59
2002 81.06
2003 79.70
2004 80.77
2005 81.05
2006 82.48
2007 82.55
2008 81.85
2009 82.90
2010 83.10
2011 83.76
2012 82.86

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts