Caribbean small states | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Caribbean small states
Records
63
Source
Caribbean small states | GDP (current US$)
1960 1880323270.3285
1961 2038320109.6208
1962 2153914775.5786
1963 2290333704.2643
1964 2470286396.109
1965 2661011039.8333
1966 2888720383.6863
1967 3102560430.5117
1968 3083640785.8333
1969 3359757126.3099
1970 3695313510.6399
1971 4017459619.7935
1972 4639336765.0814
1973 5076146308.6151
1974 6595573432.5509
1975 7706924933.1275
1976 7932351591.9309
1977 9210519152.1902
1978 9433730992.1005
1979 10835454596.508
1980 13495237648.1
1981 14890283921.823
1982 16517790340.385
1983 16735544600.91
1984 15982824908.949
1985 15814763391.846
1986 14441262133.357
1987 15521767249.667
1988 16459896532.223
1989 16872864985.253
1990 18145262491.292
1991 18028768358.683
1992 17750479192.568
1993 19223181125.821
1994 20203342207.867
1995 22268849584.058
1996 24288307616.524
1997 28419094413.867
1998 30366582090.502
1999 32208819361.665
2000 34552588845.52
2001 35580943997.609
2002 37331464587.901
2003 39893014716.328
2004 43630425959.246
2005 49313767403.281
2006 56077496592.995
2007 62332145605.88
2008 70784637901.585
2009 59841390196.086
2010 64940854448.073
2011 70216293656.786
2012 74185116568.106
2013 75356800316.882
2014 77059089418.857
2015 75749012501.587
2016 71240254843.981
2017 73779107435.151
2018 76540797383.559
2019 77253744414.729
2020 65860096129.818
2021 76123490342.538
2022 94867024971.913

Caribbean small states | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Caribbean small states
Records
63
Source