Services sector's value added to GDP in Barbados

In 2016, Barbados' services industry generated an added value of almost 3.6 billion U.S. dollars for the country's gross domestic product (GDP). This contribution has been steadily increasing since 2010, when the value stood at 3.3 billion dollars.

The services industry comprises wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional, and personal services such as education, health care, and real estate. The added value is calculated by subtracting the cost of intermediate goods and services from the sector's total GDP.

Value added by the services industry to the gross domestic product (GDP) in Barbados from 2010 to 2016 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2016	3.55
2015	3.48
2014	3.44
2013	3.42
2012	3.4
2011	3.35
2010	3.32

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Release date

October 2019

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Region

Barbados

Survey time period

2010 to 2016

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the 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.

Figures have been rounded.

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