Services, value added in Grenada
Grenada: Services, value added was 1.71 billion constant LCU in 2025. ▲ Rising
Services, value added in Grenada, 1977–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Grenada stood at 1.71 billion constant LCU. That is the highest value across all 49 years on record.
That represents a change of up 2.8% on the previous year and up 18.2% over ten years.
Over the whole period, services, value added in Grenada peaked at 1.71 billion constant LCU in 2025 and was at its lowest, 378.88 million constant LCU, in 1977.
Grenada ranks 188th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 49 years of available data.
Services, value added in Grenada, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1977 | 378.88 million constant LCU | — |
| 1978 | 412.89 million constant LCU | +9.0% |
| 1979 | 427.50 million constant LCU | +3.5% |
| 1980 | 435.20 million constant LCU | +1.8% |
| 1981 | 430.69 million constant LCU | -1.0% |
| 1982 | 454.35 million constant LCU | +5.5% |
| 1983 | 480.69 million constant LCU | +5.8% |
| 1984 | 499.99 million constant LCU | +4.0% |
| 1985 | 531.92 million constant LCU | +6.4% |
| 1986 | 587.46 million constant LCU | +10.4% |
| 1987 | 622.65 million constant LCU | +6.0% |
| 1988 | 629.16 million constant LCU | +1.0% |
| 1989 | 650.00 million constant LCU | +3.3% |
| 1990 | 688.27 million constant LCU | +5.9% |
| 1991 | 701.68 million constant LCU | +1.9% |
| 1992 | 705.42 million constant LCU | +0.5% |
| 1993 | 704.11 million constant LCU | -0.2% |
| 1994 | 721.57 million constant LCU | +2.5% |
| 1995 | 730.84 million constant LCU | +1.3% |
| 1996 | 757.57 million constant LCU | +3.7% |
| 1997 | 786.45 million constant LCU | +3.8% |
| 1998 | 887.91 million constant LCU | +12.9% |
| 1999 | 948.61 million constant LCU | +6.8% |
| 2000 | 995.51 million constant LCU | +4.9% |
| 2001 | 1.01 billion constant LCU | +1.4% |
| 2002 | 1.05 billion constant LCU | +3.5% |
| 2003 | 1.12 billion constant LCU | +7.0% |
| 2004 | 1.13 billion constant LCU | +1.3% |
| 2005 | 1.19 billion constant LCU | +5.3% |
| 2006 | 1.20 billion constant LCU | +0.9% |
| 2007 | 1.31 billion constant LCU | +9.2% |
| 2008 | 1.35 billion constant LCU | +2.9% |
| 2009 | 1.31 billion constant LCU | -3.2% |
| 2010 | 1.29 billion constant LCU | -1.7% |
| 2011 | 1.31 billion constant LCU | +1.4% |
| 2012 | 1.31 billion constant LCU | +0.6% |
| 2013 | 1.33 billion constant LCU | +1.3% |
| 2014 | 1.41 billion constant LCU | +5.7% |
| 2015 | 1.45 billion constant LCU | +3.1% |
| 2016 | 1.49 billion constant LCU | +2.6% |
| 2017 | 1.55 billion constant LCU | +3.8% |
| 2018 | 1.59 billion constant LCU | +2.6% |
| 2019 | 1.62 billion constant LCU | +2.0% |
| 2020 | 1.40 billion constant LCU | -13.3% |
| 2021 | 1.43 billion constant LCU | +1.8% |
| 2022 | 1.50 billion constant LCU | +5.3% |
| 2023 | 1.60 billion constant LCU | +6.5% |
| 2024 | 1.67 billion constant LCU | +4.2% |
| 2025 | 1.71 billion constant LCU | +2.8% |
Grenada compared with similar countries
- Grenada's 1.71 billion constant LCU is below the median for upper middle income countries, which is 353.44 billion constant LCU, 0% of the median. (58 countries reporting)
- Grenada's 1.71 billion constant LCU is below the median for Latin America & Caribbean, which is 71.16 billion constant LCU, 2% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 406.42 million constant LCU | 378.88 million constant LCU | 427.50 million constant LCU | 3 |
| 1980s | 532.21 million constant LCU | 430.69 million constant LCU | 650.00 million constant LCU | 10 |
| 1990s | 763.24 million constant LCU | 688.27 million constant LCU | 948.61 million constant LCU | 10 |
| 2000s | 1.17 billion constant LCU | 995.51 million constant LCU | 1.35 billion constant LCU | 10 |
| 2010s | 1.43 billion constant LCU | 1.29 billion constant LCU | 1.62 billion constant LCU | 10 |
| 2020s | 1.55 billion constant LCU | 1.40 billion constant LCU | 1.71 billion constant LCU | 6 |
Countries ranked near Grenada
- 185 Sint Maarten (Dutch part) 2.01 billion constant LCU compare
- 186 Samoa 1.90 billion constant LCU compare
- 187 Saint Vincent and the Grenadines 1.80 billion constant LCU compare
- 189 Saint Kitts and Nevis 1.67 billion constant LCU compare
- 190 Liberia 1.61 billion constant LCU compare
- 191 Turks and Caicos Islands 1.22 billion constant LCU 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 1.71 billion constant LCU 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 1.71 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Grenada?
- The lowest recorded value was 378.88 million constant LCU in 1977.
- How does Grenada rank for services, value added?
- Grenada ranks 188th out of 199 countries with data for 2025.
- Is services, value added rising or falling in Grenada?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is rising.
- 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 (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.