Barbados Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Barbados's services value added was 76.40% in 2025, ranked 16th globally. This represents a 1.2% increase from 2024. Data from World Bank, covering 1975–2025.
Overview
Barbados's services value added stood at 76.40% in 2025, a rise of +0.87% from 2024. Based on recent trends, this figure is projected to reach 76.40% by 2025. Barbados ranked 16th globally.
Barbados’ services value added has risen from 46.61 in 1975 to an all‑time peak of 76.40 in 2025, placing the island at rank 16 globally and surpassing peers such as Djibouti (76.28) and Palau (75.55). The sector’s lowest point occurred in 1980 at 42.47, after which a steady expansion is evident across the 51‑year series, driven by growth in tourism, financial services and offshore business support. The upward trajectory reflects policy shifts toward a knowledge‑based economy and continued investment in high‑value service niches, which have helped maintain a share above three‑quarters of GDP. Relative to comparable small economies, Barbados now outperforms Andorra (77.00) and approaches Cyprus (77.32), indicating competitive positioning in the global services market. If the current emphasis on digitalization and sustainable tourism persists, the services share is likely to continue its incremental rise, further consolidating the island’s export‑oriented growth model.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 77.32% | - | - |
| 2026* trend | 76.86% | - | - |
| 2025* trend | 76.40% | - | - |
| 2025 | 76.40% | +0.87% | #16 |
| 2024 | 75.53% | +0.03% | #164 |
| 2023 | 75.50% | −0.20% | #178 |
| 2022 | 75.70% | +0.84% | #179 |
| 2021 | 74.86% | +1.29% | #180 |
| 2020 | 73.57% | −0.84% | #178 |
| 2019 | 74.41% | +0.29% | #182 |
| 2018 | 74.12% | +0.66% | #181 |
| 2017 | 73.46% | −1.57% | #181 |
| 2016 | 75.03% | +0.29% | #183 |
| 2015 | 74.74% | −0.72% | #183 |
| 2014 | 75.46% | −0.08% | #184 |
| 2013 | 75.54% | +0.36% | #183 |
| 2012 | 75.18% | −0.73% | #182 |
| 2011 | 75.90% | −0.49% | #185 |
Detected Pattern
Analysis
Barbados matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw services value added improve within 24 months. View full analysis →
Frequently Asked Questions
Barbados's services value added was 76.40% in 2025. Ranked 16th globally. This represents a 1.2% increase from the previous year.
Barbados's services value added peaked at 76.40% in 2025.
The lowest services value added in Barbados was 42.47% in 1980.
Barbados ranks 16th globally in services value added as of 2025.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
Barbados's services value added is projected to reach 76.40% by 2025 based on trend extrapolation.
The services value added of Barbados in 2025 was 76.40%. This ranks 16th in the world.
Cite this page
@misc{historysaid_barbados_services-value-added,
title = {Barbados Services Value Added},
url = {https://historysaid.com/barbados/services-value-added/},
publisher = {HistorySaid},
year = {2026}
}