Gross value added at basic prices (GVA) (current US$) in Barbados
Barbados: Gross value added at basic prices (GVA) (current US$) was 7.18 billion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Barbados, 1975–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Barbados recorded 7.18 billion current US$ for gross value added at basic prices (gva) in 2025. That is the highest value across all 51 years on record.
That represents a change of 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 7.18 billion current US$ in 2025 and was at its lowest, 298.15 million current US$, in 1975.
Barbados ranks 162nd of 207 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in Barbados, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 298.15 million current US$ | — |
| 1976 | 338.46 million current US$ | +13.5% |
| 1977 | 388.61 million current US$ | +14.8% |
| 1978 | 431.96 million current US$ | +11.2% |
| 1979 | 527.57 million current US$ | +22.1% |
| 1980 | 677.77 million current US$ | +28.5% |
| 1981 | 743.82 million current US$ | +9.7% |
| 1982 | 762.74 million current US$ | +2.5% |
| 1983 | 815.54 million current US$ | +6.9% |
| 1984 | 896.78 million current US$ | +10.0% |
| 1985 | 936.26 million current US$ | +4.4% |
| 1986 | 987.62 million current US$ | +5.5% |
| 1987 | 1.09 billion current US$ | +10.0% |
| 1988 | 1.15 billion current US$ | +5.6% |
| 1989 | 1.24 billion current US$ | +7.6% |
| 1990 | 1.85 billion current US$ | +49.7% |
| 1991 | 1.82 billion current US$ | -1.5% |
| 1992 | 1.74 billion current US$ | -4.5% |
| 1993 | 1.80 billion current US$ | +3.6% |
| 1994 | 1.88 billion current US$ | +4.3% |
| 1995 | 1.97 billion current US$ | +4.8% |
| 1996 | 2.12 billion current US$ | +7.5% |
| 1997 | 2.23 billion current US$ | +5.2% |
| 1998 | 2.43 billion current US$ | +9.3% |
| 1999 | 2.55 billion current US$ | +4.8% |
| 2000 | 2.66 billion current US$ | +4.2% |
| 2001 | 2.65 billion current US$ | -0.3% |
| 2002 | 2.74 billion current US$ | +3.5% |
| 2003 | 2.82 billion current US$ | +2.8% |
| 2004 | 3.03 billion current US$ | +7.4% |
| 2005 | 3.31 billion current US$ | +9.4% |
| 2006 | 3.71 billion current US$ | +12.1% |
| 2007 | 4.03 billion current US$ | +8.6% |
| 2008 | 4.16 billion current US$ | +3.3% |
| 2009 | 3.94 billion current US$ | -5.3% |
| 2010 | 4.93 billion current US$ | +25.1% |
| 2011 | 5.09 billion current US$ | +3.2% |
| 2012 | 4.93 billion current US$ | -3.2% |
| 2013 | 5.16 billion current US$ | +4.7% |
| 2014 | 5.17 billion current US$ | +0.3% |
| 2015 | 5.13 billion current US$ | -0.9% |
| 2016 | 5.11 billion current US$ | -0.3% |
| 2017 | 5.22 billion current US$ | +2.0% |
| 2018 | 5.35 billion current US$ | +2.5% |
| 2019 | 5.50 billion current US$ | +3.0% |
| 2020 | 4.85 billion current US$ | -11.8% |
| 2021 | 5.32 billion current US$ | +9.7% |
| 2022 | 6.20 billion current US$ | +16.4% |
| 2023 | 6.46 billion current US$ | +4.3% |
| 2024 | 6.81 billion current US$ | +5.4% |
| 2025 | 7.18 billion current US$ | +5.5% |
Barbados compared with similar countries
- Barbados's 7.18 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 7% of the median. (77 countries reporting)
- Barbados's 7.18 billion current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$, 27% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (current US$) 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 |
|---|---|---|---|
| 1990 | +49.7% | 1.24 billion current US$ | 1.85 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 396.95 million current US$ | 298.15 million current US$ | 527.57 million current US$ | 5 |
| 1980s | 929.09 million current US$ | 677.77 million current US$ | 1.24 billion current US$ | 10 |
| 1990s | 2.04 billion current US$ | 1.74 billion current US$ | 2.55 billion current US$ | 10 |
| 2000s | 3.30 billion current US$ | 2.65 billion current US$ | 4.16 billion current US$ | 10 |
| 2010s | 5.16 billion current US$ | 4.93 billion current US$ | 5.50 billion current US$ | 10 |
| 2020s | 6.14 billion current US$ | 4.85 billion current US$ | 7.18 billion current US$ | 6 |
Countries ranked near Barbados
- 159 Cayman Islands 7.35 billion current US$ compare
- 160 Sierra Leone 7.23 billion current US$ compare
- 161 Montenegro 7.20 billion current US$ compare
- 163 Maldives 6.49 billion current US$ compare
- 164 Fiji 5.26 billion current US$ compare
- 165 Liberia 5.10 billion current US$ compare
More economy & growth data for Barbados
- Real gdp growth, annual growth rate 85.61 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) in Barbados?
- Gross value added at basic prices (gva) in Barbados was 7.18 billion current US$ 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 7.18 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Barbados?
- The lowest recorded value was 298.15 million current US$ in 1975.
- How does Barbados rank for gross value added at basic prices (gva)?
- Barbados ranks 162nd 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.