Gross value added at basic prices (GVA) in Barbados
Barbados: Gross value added at basic prices (GVA) was 13.74 billion constant LCU in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Barbados, 1975–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Barbados stood at 13.74 billion constant LCU.
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 14.49 billion constant LCU in 2008 and was at its lowest, 5.56 billion constant LCU, in 1975.
That places Barbados 162nd out of 198 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) in Barbados, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1975 | 5.56 billion constant LCU | — |
| 1976 | 5.92 billion constant LCU | +6.4% |
| 1977 | 6.10 billion constant LCU | +3.2% |
| 1978 | 6.47 billion constant LCU | +5.9% |
| 1979 | 6.96 billion constant LCU | +7.7% |
| 1980 | 7.26 billion constant LCU | +4.3% |
| 1981 | 7.17 billion constant LCU | -1.2% |
| 1982 | 6.76 billion constant LCU | -5.8% |
| 1983 | 6.80 billion constant LCU | +0.5% |
| 1984 | 7.01 billion constant LCU | +3.2% |
| 1985 | 6.99 billion constant LCU | -0.3% |
| 1986 | 7.37 billion constant LCU | +5.4% |
| 1987 | 7.58 billion constant LCU | +2.8% |
| 1988 | 7.90 billion constant LCU | +4.2% |
| 1989 | 8.25 billion constant LCU | +4.5% |
| 1990 | 7.95 billion constant LCU | -3.6% |
| 1991 | 7.62 billion constant LCU | -4.2% |
| 1992 | 7.04 billion constant LCU | -7.5% |
| 1993 | 7.15 billion constant LCU | +1.5% |
| 1994 | 7.40 billion constant LCU | +3.5% |
| 1995 | 7.60 billion constant LCU | +2.7% |
| 1996 | 7.90 billion constant LCU | +4.0% |
| 1997 | 8.31 billion constant LCU | +5.2% |
| 1998 | 8.49 billion constant LCU | +2.2% |
| 1999 | 8.50 billion constant LCU | +0.1% |
| 2000 | 8.83 billion constant LCU | +3.9% |
| 2001 | 8.62 billion constant LCU | -2.3% |
| 2002 | 8.74 billion constant LCU | +1.4% |
| 2003 | 8.90 billion constant LCU | +1.8% |
| 2004 | 9.04 billion constant LCU | +1.6% |
| 2005 | 8.83 billion constant LCU | -2.3% |
| 2006 | 13.97 billion constant LCU | +58.2% |
| 2007 | 14.34 billion constant LCU | +2.6% |
| 2008 | 14.49 billion constant LCU | +1.0% |
| 2009 | 13.46 billion constant LCU | -7.1% |
| 2010 | 12.28 billion constant LCU | -8.8% |
| 2011 | 12.28 billion constant LCU | +0.0% |
| 2012 | 11.91 billion constant LCU | -3.0% |
| 2013 | 11.96 billion constant LCU | +0.4% |
| 2014 | 12.08 billion constant LCU | +1.0% |
| 2015 | 11.96 billion constant LCU | -1.0% |
| 2016 | 12.13 billion constant LCU | +1.4% |
| 2017 | 12.24 billion constant LCU | +0.9% |
| 2018 | 12.23 billion constant LCU | -0.1% |
| 2019 | 12.22 billion constant LCU | -0.0% |
| 2020 | 10.21 billion constant LCU | -16.5% |
| 2021 | 11.13 billion constant LCU | +9.0% |
| 2022 | 12.73 billion constant LCU | +14.4% |
| 2023 | 12.92 billion constant LCU | +1.5% |
| 2024 | 13.38 billion constant LCU | +3.5% |
| 2025 | 13.74 billion constant LCU | +2.7% |
Barbados compared with similar countries
- Barbados's 13.74 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 5% of the median. (70 countries reporting)
- Barbados's 13.74 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 12% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) 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% | 8.83 billion constant LCU | 13.97 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.20 billion constant LCU | 5.56 billion constant LCU | 6.96 billion constant LCU | 5 |
| 1980s | 7.31 billion constant LCU | 6.76 billion constant LCU | 8.25 billion constant LCU | 10 |
| 1990s | 7.80 billion constant LCU | 7.04 billion constant LCU | 8.50 billion constant LCU | 10 |
| 2000s | 10.92 billion constant LCU | 8.62 billion constant LCU | 14.49 billion constant LCU | 10 |
| 2010s | 12.13 billion constant LCU | 11.91 billion constant LCU | 12.28 billion constant LCU | 10 |
| 2020s | 12.35 billion constant LCU | 10.21 billion constant LCU | 13.74 billion constant LCU | 6 |
Countries ranked near Barbados
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Barbados?
- Gross value added at basic prices (gva) in Barbados was 13.74 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Barbados?
- The highest recorded value was 14.49 billion constant LCU in 2008.
- What is the lowest gross value added at basic prices (gva) recorded in Barbados?
- The lowest recorded value was 5.56 billion constant LCU in 1975.
- How does Barbados rank for gross value added at basic prices (gva)?
- Barbados ranks 162nd out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.