Services, value added in Grenada
Grenada: Services, value added was 2.8% in 2025. ◆ Volatile
Services, value added in Grenada, 1978–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Grenada is 2.8%, measured in 2025.
Compared with earlier readings it is down 33.6% on the previous year and down 9.2% over ten years.
Over the whole period, services, value added in Grenada peaked at 12.9% in 1998 and was at its lowest, -13.3%, in 2020.
Grenada ranks 126th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Grenada, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1978 | 9.0% | — |
| 1979 | 3.5% | -60.6% |
| 1980 | 1.8% | -49.0% |
| 1981 | -1.0% | -157.5% |
| 1982 | 5.5% | -629.7% |
| 1983 | 5.8% | +5.6% |
| 1984 | 4.0% | -30.7% |
| 1985 | 6.4% | +59.0% |
| 1986 | 10.4% | +63.5% |
| 1987 | 6.0% | -42.6% |
| 1988 | 1.0% | -82.5% |
| 1989 | 3.3% | +216.3% |
| 1990 | 5.9% | +77.8% |
| 1991 | 1.9% | -66.9% |
| 1992 | 0.5% | -72.6% |
| 1993 | -0.2% | -134.9% |
| 1994 | 2.5% | -1432.8% |
| 1995 | 1.3% | -48.2% |
| 1996 | 3.7% | +184.7% |
| 1997 | 3.8% | +4.3% |
| 1998 | 12.9% | +238.3% |
| 1999 | 6.8% | -47.0% |
| 2000 | 4.9% | -27.7% |
| 2001 | 1.4% | -71.6% |
| 2002 | 3.5% | +152.2% |
| 2003 | 7.0% | +98.3% |
| 2004 | 1.3% | -81.4% |
| 2005 | 5.3% | +308.1% |
| 2006 | 0.9% | -84.1% |
| 2007 | 9.2% | +977.4% |
| 2008 | 2.9% | -68.1% |
| 2009 | -3.2% | -209.5% |
| 2010 | -1.7% | -47.8% |
| 2011 | 1.4% | -185.8% |
| 2012 | 0.6% | -57.1% |
| 2013 | 1.3% | +109.6% |
| 2014 | 5.7% | +339.3% |
| 2015 | 3.1% | -45.9% |
| 2016 | 2.6% | -15.0% |
| 2017 | 3.8% | +47.2% |
| 2018 | 2.6% | -32.8% |
| 2019 | 2.0% | -24.3% |
| 2020 | -13.3% | -778.6% |
| 2021 | 1.8% | -113.4% |
| 2022 | 5.3% | +196.5% |
| 2023 | 6.5% | +23.7% |
| 2024 | 4.2% | -35.7% |
| 2025 | 2.8% | -33.6% |
Grenada compared with similar countries
- Grenada's 2.8% is below the median for upper middle income countries, which is 3.3%, 85% of the median. (58 countries reporting)
- Grenada's 2.8% is below the median for Latin America & Caribbean, which is 3.2%, 87% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Grenada 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 |
|---|---|---|---|
| 1994 | +1432.8% | -0.2% | 2.5% |
| 2007 | +977.4% | 0.9% | 9.2% |
| 2020 | -778.6% | 2.0% | -13.3% |
| 1982 | +629.7% | -1.0% | 5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 3.5% | 9.0% | 2 |
| 1980s | 4.3% | -1.0% | 10.4% | 10 |
| 1990s | 3.9% | -0.2% | 12.9% | 10 |
| 2000s | 3.3% | -3.2% | 9.2% | 10 |
| 2010s | 2.1% | -1.7% | 5.7% | 10 |
| 2020s | 1.2% | -13.3% | 6.5% | 6 |
Countries ranked near Grenada
- 123 Dominican Republic 2.8% compare
- 124 Botswana 2.8% compare
- 125 North Macedonia 2.8% compare
- 127 Saint Kitts and Nevis 2.8% compare
- 128 Serbia 2.7% compare
- 129 Suriname 2.6% compare
More economy & growth data for Grenada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.71 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -3.62 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -30.86 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 170.66 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.11 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1202 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,455 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -3.57 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Grenada?
- Services, value added in Grenada was 2.8% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Grenada?
- The highest recorded value was 12.9% in 1998.
- What is the lowest services, value added recorded in Grenada?
- The lowest recorded value was -13.3% in 2020.
- How does Grenada rank for services, value added?
- Grenada ranks 126th out of 198 countries with data for 2025.
- Is services, value added rising or falling in Grenada?
- Over the last ten years it is down 9.2%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.