Barbados: GDP share of agriculture

The latest value from 2024 is 1.55 percent, a decline from 1.65 percent in 2023. In comparison, the world average is 10.18 percent, based on data from 179 countries. Historically, the average for Barbados from 1975 to 2024 is 3.44 percent. The minimum value, 1.3 percent, was reached in 2008 while the maximum of 11.51 percent was recorded in 1975. See the global rankings for that indicator or use the country comparator to compare trends over time.

The importance of agriculture in the economy of Barbados and other countries is measured as the value added of the agricultural sector as percent of GDP. Agriculture includes forestry, hunting, and fishing, as well as the cultivation of crops and livestock production.

Definition: Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.