Commercial service exports (current US$) in Caribbean Small States
Caribbean Small States: Commercial service exports (current US$) was 15.97 billion current US$ in 2024. ◆ Volatile
Commercial service exports in Caribbean Small States, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, commercial service exports in Caribbean Small States stood at 15.97 billion current US$. That is the highest value across all 49 years on record.
The figure is up 12.9% on the previous year and up 72.7% over ten years.
Over the whole period, commercial service exports in Caribbean Small States peaked at 15.97 billion current US$ in 2024 and was at its lowest, 868.79 million current US$, in 1976.
Caribbean Small States ranks 44th of 45 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports (current US$) in Caribbean Small States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 868.79 million current US$ | — |
| 1977 | 1.02 billion current US$ | +18.0% |
| 1978 | 1.14 billion current US$ | +11.6% |
| 1979 | 1.39 billion current US$ | +21.2% |
| 1980 | 1.66 billion current US$ | +20.0% |
| 1981 | 1.72 billion current US$ | +3.6% |
| 1982 | 1.79 billion current US$ | +3.8% |
| 1983 | 1.71 billion current US$ | -4.4% |
| 1984 | 1.89 billion current US$ | +10.3% |
| 1985 | 2.19 billion current US$ | +16.3% |
| 1986 | 2.44 billion current US$ | +11.1% |
| 1987 | 2.54 billion current US$ | +4.4% |
| 1988 | 2.81 billion current US$ | +10.4% |
| 1989 | 3.17 billion current US$ | +12.9% |
| 1990 | 3.32 billion current US$ | +4.7% |
| 1991 | 3.28 billion current US$ | -1.1% |
| 1992 | 3.47 billion current US$ | +5.8% |
| 1993 | 3.62 billion current US$ | +4.2% |
| 1994 | 3.84 billion current US$ | +6.2% |
| 1995 | 3.91 billion current US$ | +1.8% |
| 1996 | 4.32 billion current US$ | +10.3% |
| 1997 | 4.44 billion current US$ | +2.9% |
| 1998 | 4.55 billion current US$ | +2.4% |
| 1999 | 4.96 billion current US$ | +9.1% |
| 2000 | 5.45 billion current US$ | +9.8% |
| 2001 | 5.19 billion current US$ | -4.8% |
| 2002 | 5.56 billion current US$ | +7.2% |
| 2003 | 5.95 billion current US$ | +7.0% |
| 2004 | 6.49 billion current US$ | +9.0% |
| 2005 | 7.17 billion current US$ | +10.4% |
| 2006 | 7.24 billion current US$ | +1.0% |
| 2007 | 7.98 billion current US$ | +10.2% |
| 2008 | 8.14 billion current US$ | +1.9% |
| 2009 | 7.53 billion current US$ | -7.5% |
| 2010 | 7.90 billion current US$ | +5.0% |
| 2011 | 8.22 billion current US$ | +4.0% |
| 2012 | 8.62 billion current US$ | +4.8% |
| 2013 | 8.77 billion current US$ | +1.7% |
| 2014 | 9.25 billion current US$ | +5.5% |
| 2015 | 9.25 billion current US$ | +0.1% |
| 2016 | 9.75 billion current US$ | +5.3% |
| 2017 | 9.77 billion current US$ | +0.2% |
| 2018 | 10.85 billion current US$ | +11.1% |
| 2019 | 11.75 billion current US$ | +8.2% |
| 2020 | 4.84 billion current US$ | -58.8% |
| 2021 | 7.28 billion current US$ | +50.2% |
| 2022 | 11.99 billion current US$ | +64.8% |
| 2023 | 14.14 billion current US$ | +17.9% |
| 2024 | 15.97 billion current US$ | +12.9% |
Biggest year-on-year movements
Years where Commercial service exports (current US$) in Caribbean Small States changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -58.8% | 11.75 billion current US$ | 4.84 billion current US$ |
| 2022 | +64.8% | 7.28 billion current US$ | 11.99 billion current US$ |
| 2021 | +50.2% | 4.84 billion current US$ | 7.28 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.11 billion current US$ | 868.79 million current US$ | 1.39 billion current US$ | 4 |
| 1980s | 2.19 billion current US$ | 1.66 billion current US$ | 3.17 billion current US$ | 10 |
| 1990s | 3.97 billion current US$ | 3.28 billion current US$ | 4.96 billion current US$ | 10 |
| 2000s | 6.67 billion current US$ | 5.19 billion current US$ | 8.14 billion current US$ | 10 |
| 2010s | 9.41 billion current US$ | 7.90 billion current US$ | 11.75 billion current US$ | 10 |
| 2020s | 10.84 billion current US$ | 4.84 billion current US$ | 15.97 billion current US$ | 5 |
Countries ranked near Caribbean Small States
- 41 Indonesia 42.34 billion current US$ compare
- 42 Cyprus 35.55 billion current US$ compare
- 43 Egypt 33.52 billion current US$ compare
- 44 Morocco 32.92 billion current US$ compare
- 45 Vietnam 30.31 billion current US$ compare
- 46 Lithuania 28.75 billion current US$ compare
- 47 Croatia 26.72 billion current US$ compare
More private sector data for Caribbean Small States
- Merchandise trade 70.0% (2025)
- Food imports 19.9% (2025)
- Manufactures imports 69.0% (2025)
- Merchandise imports 31.17 billion current US$ (2025)
- Commercial service imports 20.62 billion current US$ (2025)
- Food exports 11.2% (2025)
- Manufactures exports 44.9% (2025)
- Merchandise exports 30.03 billion current US$ (2025)
- Merchandise exports (current US$), per capita 6,590 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3156 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is commercial service exports in Caribbean Small States?
- Commercial service exports in Caribbean Small States was 15.97 billion current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Caribbean Small States?
- The highest recorded value was 15.97 billion current US$ in 2024.
- What is the lowest commercial service exports recorded in Caribbean Small States?
- The lowest recorded value was 868.79 million current US$ in 1976.
- How does Caribbean Small States rank for commercial service exports?
- Caribbean Small States ranks 44th out of 45 groups with data for 2024.
- Is commercial service exports rising or falling in Caribbean Small States?
- Over the last ten years it is up 72.7%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.