Gross value added at basic prices (GVA) in Barbados
Barbados: Gross value added at basic prices (GVA) was 14.37 billion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Barbados, 1975–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Barbados is 14.37 billion current LCU, measured in 2025. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 5.5% on the previous year and up 40.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Barbados peaked at 14.37 billion current LCU in 2025 and was at its lowest, 602.30 million current LCU, in 1975.
That places Barbados 171st out of 207 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | 602.30 million current LCU | — |
| 1976 | 678.22 million current LCU | +12.6% |
| 1977 | 779.86 million current LCU | +15.0% |
| 1978 | 868.80 million current LCU | +11.4% |
| 1979 | 1.06 billion current LCU | +22.1% |
| 1980 | 1.36 billion current LCU | +28.5% |
| 1981 | 1.50 billion current LCU | +9.7% |
| 1982 | 1.53 billion current LCU | +2.5% |
| 1983 | 1.64 billion current LCU | +6.9% |
| 1984 | 1.80 billion current LCU | +10.0% |
| 1985 | 1.88 billion current LCU | +4.4% |
| 1986 | 1.99 billion current LCU | +5.5% |
| 1987 | 2.19 billion current LCU | +10.0% |
| 1988 | 2.31 billion current LCU | +5.6% |
| 1989 | 2.48 billion current LCU | +7.6% |
| 1990 | 3.72 billion current LCU | +49.7% |
| 1991 | 3.66 billion current LCU | -1.5% |
| 1992 | 3.48 billion current LCU | -5.1% |
| 1993 | 3.62 billion current LCU | +4.2% |
| 1994 | 3.78 billion current LCU | +4.3% |
| 1995 | 3.96 billion current LCU | +4.8% |
| 1996 | 4.26 billion current LCU | +7.5% |
| 1997 | 4.48 billion current LCU | +5.2% |
| 1998 | 4.89 billion current LCU | +9.3% |
| 1999 | 5.13 billion current LCU | +4.8% |
| 2000 | 5.31 billion current LCU | +3.6% |
| 2001 | 5.30 billion current LCU | -0.3% |
| 2002 | 5.48 billion current LCU | +3.5% |
| 2003 | 5.63 billion current LCU | +2.8% |
| 2004 | 6.05 billion current LCU | +7.4% |
| 2005 | 6.62 billion current LCU | +9.4% |
| 2006 | 7.42 billion current LCU | +12.1% |
| 2007 | 8.06 billion current LCU | +8.6% |
| 2008 | 8.33 billion current LCU | +3.3% |
| 2009 | 7.89 billion current LCU | -5.3% |
| 2010 | 9.87 billion current LCU | +25.1% |
| 2011 | 10.18 billion current LCU | +3.2% |
| 2012 | 9.85 billion current LCU | -3.2% |
| 2013 | 10.32 billion current LCU | +4.7% |
| 2014 | 10.35 billion current LCU | +0.3% |
| 2015 | 10.26 billion current LCU | -0.9% |
| 2016 | 10.23 billion current LCU | -0.3% |
| 2017 | 10.43 billion current LCU | +2.0% |
| 2018 | 10.69 billion current LCU | +2.5% |
| 2019 | 11.01 billion current LCU | +3.0% |
| 2020 | 9.70 billion current LCU | -11.8% |
| 2021 | 10.64 billion current LCU | +9.7% |
| 2022 | 12.39 billion current LCU | +16.4% |
| 2023 | 12.92 billion current LCU | +4.3% |
| 2024 | 13.62 billion current LCU | +5.4% |
| 2025 | 14.37 billion current LCU | +5.5% |
Barbados compared with similar countries
- Barbados's 14.37 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 5% of the median. (77 countries reporting)
- Barbados's 14.37 billion current LCU is below the median for Latin America & Caribbean, which is 135.81 billion current LCU, 11% of the median. (39 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 |
|---|---|---|---|
| 1990 | +49.7% | 2.48 billion current LCU | 3.72 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 798.06 million current LCU | 602.30 million current LCU | 1.06 billion current LCU | 5 |
| 1980s | 1.87 billion current LCU | 1.36 billion current LCU | 2.48 billion current LCU | 10 |
| 1990s | 4.10 billion current LCU | 3.48 billion current LCU | 5.13 billion current LCU | 10 |
| 2000s | 6.61 billion current LCU | 5.30 billion current LCU | 8.33 billion current LCU | 10 |
| 2010s | 10.32 billion current LCU | 9.85 billion current LCU | 11.01 billion current LCU | 10 |
| 2020s | 12.27 billion current LCU | 9.70 billion current LCU | 14.37 billion current 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 14.37 billion current LCU 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 14.37 billion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Barbados?
- The lowest recorded value was 602.30 million current LCU in 1975.
- How does Barbados rank for gross value added at basic prices (gva)?
- Barbados ranks 171st out of 207 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 40.1%. The long-run trend across the full record is volatile.
- 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) (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.