Gross value added at basic prices (GVA) (constant 2015 US$) in Barbados
Barbados: Gross value added at basic prices (GVA) (constant 2015 US$) 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$, in 1975.
That places Barbados 156th out of 194 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Barbados, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1975 | 2.39 billion constant 2015 US$ | — |
| 1976 | 2.54 billion constant 2015 US$ | +6.4% |
| 1977 | 2.62 billion constant 2015 US$ | +3.2% |
| 1978 | 2.77 billion constant 2015 US$ | +5.9% |
| 1979 | 2.99 billion constant 2015 US$ | +7.7% |
| 1980 | 3.11 billion constant 2015 US$ | +4.3% |
| 1981 | 3.08 billion constant 2015 US$ | -1.2% |
| 1982 | 2.90 billion constant 2015 US$ | -5.8% |
| 1983 | 2.91 billion constant 2015 US$ | +0.5% |
| 1984 | 3.01 billion constant 2015 US$ | +3.2% |
| 1985 | 3.00 billion constant 2015 US$ | -0.3% |
| 1986 | 3.16 billion constant 2015 US$ | +5.4% |
| 1987 | 3.25 billion constant 2015 US$ | +2.8% |
| 1988 | 3.39 billion constant 2015 US$ | +4.2% |
| 1989 | 3.54 billion constant 2015 US$ | +4.5% |
| 1990 | 3.41 billion constant 2015 US$ | -3.6% |
| 1991 | 3.27 billion constant 2015 US$ | -4.2% |
| 1992 | 3.02 billion constant 2015 US$ | -7.5% |
| 1993 | 3.07 billion constant 2015 US$ | +1.5% |
| 1994 | 3.17 billion constant 2015 US$ | +3.5% |
| 1995 | 3.26 billion constant 2015 US$ | +2.7% |
| 1996 | 3.39 billion constant 2015 US$ | +4.0% |
| 1997 | 3.56 billion constant 2015 US$ | +5.2% |
| 1998 | 3.64 billion constant 2015 US$ | +2.2% |
| 1999 | 3.65 billion constant 2015 US$ | +0.1% |
| 2000 | 3.79 billion constant 2015 US$ | +3.9% |
| 2001 | 3.70 billion constant 2015 US$ | -2.3% |
| 2002 | 3.75 billion constant 2015 US$ | +1.4% |
| 2003 | 3.81 billion constant 2015 US$ | +1.8% |
| 2004 | 3.88 billion constant 2015 US$ | +1.6% |
| 2005 | 3.79 billion constant 2015 US$ | -2.3% |
| 2006 | 5.99 billion constant 2015 US$ | +58.2% |
| 2007 | 6.15 billion constant 2015 US$ | +2.6% |
| 2008 | 6.21 billion constant 2015 US$ | +1.0% |
| 2009 | 5.77 billion constant 2015 US$ | -7.1% |
| 2010 | 5.27 billion constant 2015 US$ | -8.8% |
| 2011 | 5.27 billion constant 2015 US$ | +0.0% |
| 2012 | 5.11 billion constant 2015 US$ | -3.0% |
| 2013 | 5.13 billion constant 2015 US$ | +0.4% |
| 2014 | 5.18 billion constant 2015 US$ | +1.0% |
| 2015 | 5.13 billion constant 2015 US$ | -1.0% |
| 2016 | 5.20 billion constant 2015 US$ | +1.4% |
| 2017 | 5.25 billion constant 2015 US$ | +0.9% |
| 2018 | 5.24 billion constant 2015 US$ | -0.1% |
| 2019 | 5.24 billion constant 2015 US$ | -0.0% |
| 2020 | 4.38 billion constant 2015 US$ | -16.5% |
| 2021 | 4.77 billion constant 2015 US$ | +9.0% |
| 2022 | 5.46 billion constant 2015 US$ | +14.4% |
| 2023 | 5.54 billion constant 2015 US$ | +1.5% |
| 2024 | 5.74 billion constant 2015 US$ | +3.5% |
| 2025 | 5.89 billion constant 2015 US$ | +2.7% |
Barbados compared with similar countries
- Barbados's 5.89 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 6% of the median. (69 countries reporting)
- Barbados's 5.89 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 25% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (constant 2015 US$) in Barbados 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 |
|---|---|---|---|
| 2006 | +58.2% | 3.79 billion constant 2015 US$ | 5.99 billion constant 2015 US$ |
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
- 153 Isle of Man 7.06 billion constant 2015 US$ compare
- 154 Maldives 5.98 billion constant 2015 US$ compare
- 155 Cayman Islands 5.96 billion constant 2015 US$ compare
- 157 Eswatini 4.69 billion constant 2015 US$ compare
- 158 Montenegro 4.43 billion constant 2015 US$ compare
- 159 Fiji 4.32 billion constant 2015 US$ compare
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -64.37 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 55.55 units per person (2025)
- SDRs holdings, SDR, annual growth rate -66.07 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 40.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.55 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0583 units per US$ of GDP (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 156th out of 194 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.
Download this data
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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.