Gross value added at basic prices (GVA) in Barbados
Barbados: Gross value added at basic prices (GVA) was 5.89 billion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Barbados, 1975–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Barbados is 5.89 billion constant 2015 US$, measured in 2025.
Compared with earlier readings it is up 2.7% on the previous year and up 14.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Barbados peaked at 6.21 billion constant 2015 US$ in 2008 and was at its lowest, 2.39 billion constant 2015 US$, in 1975.
That places Barbados 154th out of 192 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.66 billion constant 2015 US$ | 2.39 billion constant 2015 US$ | 2.99 billion constant 2015 US$ | 5 |
| 1980s | 3.13 billion constant 2015 US$ | 2.90 billion constant 2015 US$ | 3.54 billion constant 2015 US$ | 10 |
| 1990s | 3.34 billion constant 2015 US$ | 3.02 billion constant 2015 US$ | 3.65 billion constant 2015 US$ | 10 |
| 2000s | 4.68 billion constant 2015 US$ | 3.70 billion constant 2015 US$ | 6.21 billion constant 2015 US$ | 10 |
| 2010s | 5.20 billion constant 2015 US$ | 5.11 billion constant 2015 US$ | 5.27 billion constant 2015 US$ | 10 |
| 2020s | 5.30 billion constant 2015 US$ | 4.38 billion constant 2015 US$ | 5.89 billion constant 2015 US$ | 6 |
Countries ranked near Barbados
- 151 Isle of Man 7.06 billion constant 2015 US$ compare
- 152 Maldives 5.98 billion constant 2015 US$ compare
- 153 Cayman Islands 5.96 billion constant 2015 US$ compare
- 155 Eswatini 4.69 billion constant 2015 US$ compare
- 156 Montenegro 4.43 billion constant 2015 US$ compare
- 157 Fiji 4.32 billion constant 2015 US$ compare
More economy & growth data for Barbados
- Inflation of consumer prices 0.8% (2025)
- GDP per capita 23,014 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.9% (2024)
- Gross domestic product (GDP) 6.50 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 23,014 constant 2015 US$ (2025)
- DEC alternative conversion factor 2 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 181.00 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 90.50 million current US$ (2025)
- Taxes less subsidies on products 1.67 billion current LCU (2025)
- Taxes less subsidies on products 833.40 million current US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Barbados?
- Gross value added at basic prices (gva) in Barbados was 5.89 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Barbados?
- The highest recorded value was 6.21 billion constant 2015 US$ in 2008.
- What is the lowest gross value added at basic prices (gva) recorded in Barbados?
- The lowest recorded value was 2.39 billion constant 2015 US$ in 1975.
- How does Barbados rank for gross value added at basic prices (gva)?
- Barbados ranks 154th out of 192 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Barbados?
- Over the last ten years it is up 14.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.