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 197 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.
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
- GNI 7.69 billion current US$ (2025)
- GDP per capita 23,014 constant 2015 US$ (2025)
- GDP per capita growth 2.6% (2025)
- Inflation, consumer prices 0.8% (2025)
- Total reserves minus gold 1.65 billion current US$ (2024)
- Total reserves 1.65 billion includes gold, current US$ (2024)
- GDP per capita 54,263 constant LCU (2025)
- GNI, Atlas method 7.65 billion current US$ (2025)
- GDP 6.50 billion constant 2015 US$ (2025)
- Industry (including construction), value added 12.2% (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 197 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.
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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.