Barbados's gross Value Added (GVA) at basic prices (constant 2015 US$) was US$5.89 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 14.87% from US$5.13 billion in 2015 (1.4% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$5.89 billion | 2025 |
| Five years earlier | US$4.38 billion | 2020 |
| Ten years earlier | US$5.13 billion | 2015 |
| Highest | US$6.21 billion | 2008 |
| Lowest | US$2.39 billion | 1975 |
| Average since 2016 | US$5.27 billion | 2016–2025 |
| First recorded | US$2.39 billion |
What the numbers say
In 2025, Barbados' gross Value Added (GVA) at basic prices (constant 2015 US$) rose 2.7% on 2024 (from US$5.74 billion to US$5.89 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.5% and a typical year strayed about 11.8% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 58.2% in 2006 and the biggest yearly fall was 16.5% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 25% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Barbados had the 137th highest value of the 161 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Barbados | US$5.89 billion | 2025 |
| World | US$84.85 trillion | 2024 |
| Latin America & Caribbean | US$5.62 trillion | 2025 |
Closest to Barbados in the 2025 ranking
- Mauritania — 134th of 161: US$7.88 billion
- Kosovo — 135th of 161: US$7.34 billion
- Maldives — 136th of 161: US$5.98 billion
- Eswatini — 138th of 161: US$4.69 billion
- Montenegro — 139th of 161: US$4.43 billion
- Fiji — 140th of 161: US$4.32 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 51 values
| Year | Gross Value Added (GVA) at basic prices (constant 2015 US$) |
|---|---|
| 2025 | 5,891,650,878 |
| 2024 | 5,736,758,379 |
| 2023 | 5,541,434,240 |
| 2022 | 5,459,820,656 |
| 2021 | 4,771,585,250 |
| 2020 | 4,377,755,928 |
| 2019 | 5,242,588,126 |
| 2018 | 5,242,997,609 |
| 2017 | 5,248,096,596 |
| 2016 | 5,200,414,381 |
Gross Value Added (GVA) at basic prices (constant 2015 US$) in nearby economies
- Antigua and Barbuda — US$1.63 billion (2025)
- Argentina — US$504.23 billion (2025)
- Aruba — US$2.86 billion (2023)
- Bahamas, The — US$11.77 billion (2024)
- Belize — US$2.34 billion (2025)
- Bolivia — US$29.61 billion (2024)
- Brazil — US$1.78 trillion (2025)
- Cayman Islands — US$5.96 billion (2024)
- Chile — US$266.53 billion (2025)
More economic policy & debt data for Barbados
- GDP (current US$) — US$8.02 billion (2025)
- GDP (current LCU) — 16.03 billion (2025)
- GDP (constant 2015 US$) — US$6.5 billion (2025)
- GDP (constant LCU) — 15.34 billion (2025)
- GDP per capita (current US$) — US$28,365 (2025)
- GDP per capita (current LCU) — 56,730 (2025)
- GDP per capita (constant 2015 US$) — US$23,014 (2025)
- GDP per capita (constant LCU) — 54,263 (2025)
- GNI (current US$) — US$7.69 billion (2025)
- GNI (current LCU) — 15.38 billion (2025)
- GNI per capita (current LCU) — 54,417 (2025)
Reading data like this
Questions people ask
- What is Barbados's gross Value Added (GVA) at basic prices (constant 2015 US$)?
- US$5.89 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 147.02% from US$2.39 billion in 1975 (1.83% a year on average, compounded). The highest value was US$6.21 billion in 2008 and the lowest US$2.39 billion in 1975.
- How does Barbados rank?
- 137th highest of 161 economies with data for 2025.
- Is the latest change in gross Value Added (GVA) at basic prices (constant 2015 US$) unusual for Barbados?
- In 2025, Barbados' gross Value Added (GVA) at basic prices (constant 2015 US$) rose 2.7% on 2024 (from US$5.74 billion to US$5.89 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.5% and a typical year strayed about 11.8% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in