Grenada's gross Value Added (GVA) at basic prices (current US$) was US$1.17 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 36.67% from US$853.76 million in 2015 (3.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.17 billion | 2025 |
| Five years earlier | US$875.63 million | 2020 |
| Ten years earlier | US$853.76 million | 2015 |
| Highest | US$1.17 billion | 2025 |
| Lowest | US$62.9 million | 1977 |
| Average since 2016 | US$1.01 billion | 2016–2025 |
| First recorded | US$62.9 million |
What the numbers say
In 2025, Grenada's gross Value Added (GVA) at basic prices (current US$) rose 4.3% on 2024 (from US$1.12 billion to US$1.17 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +4.8% and a typical year strayed about 5.6% from that (the standard deviation). This year's change was 0.1 standard deviations below 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 22.1% in 1978 and the biggest yearly fall was 14% 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 the straight-line trend is upward, about US$26.55 million a year. A straight line explains 68% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$1.22 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$37.73 million, against US$100.76 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2025, Grenada had the 152nd highest value of the 158 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 | |
|---|---|---|
| Grenada | US$1.17 billion | 2025 |
| World | US$97.78 trillion | 2024 |
| Latin America & Caribbean | US$6.85 trillion | 2025 |
Closest to Grenada in the 2025 ranking
- Antigua and Barbuda — 149th of 158: US$2.07 billion
- Seychelles — 150th of 158: US$2.03 billion
- Comoros — 151st of 158: US$1.72 billion
- Samoa — 153rd of 158: US$1.1 billion
- St. Vincent and the Grenadines — 154th of 158: US$1.07 billion
- St. Kitts and Nevis — 155th of 158: US$1.03 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 49 values
| Year | Gross Value Added (GVA) at basic prices (current US$) |
|---|---|
| 2025 | 1,166,791,859 |
| 2024 | 1,118,437,037 |
| 2023 | 1,098,825,926 |
| 2022 | 1,027,262,963 |
| 2021 | 946,340,741 |
| 2020 | 875,633,333 |
| 2019 | 1,018,051,852 |
| 2018 | 973,592,593 |
| 2017 | 945,337,037 |
| 2016 | 895,229,630 |
Gross Value Added (GVA) at basic prices (current US$) in nearby economies
- Antigua and Barbuda — US$2.07 billion (2025)
- Argentina — US$577.63 billion (2025)
- Aruba — US$3.27 billion (2023)
- Bahamas, The — US$13.83 billion (2024)
- Barbados — US$7.18 billion (2025)
- Belize — US$2.72 billion (2024)
- Bolivia — US$51.29 billion (2024)
- Brazil — US$1.96 trillion (2025)
- Cayman Islands — US$7.35 billion (2024)
More economic policy & debt data for Grenada
- Total reserves, including gold (current US$) — US$408.15 million (2025)
- Total reserves, excluding gold (current US$) — US$408.15 million (2025)
- External debt stocks, total (DOD, current US$) — US$863.28 million (2024)
- External debt stocks, long-term (DOD, current US$) — US$786.99 million (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$786.99 million (2024)
- Short-term debt (% of total external debt) — 1.82% (2024)
- Net financial flows, bilateral (NFL, current US$) — US$6.5 million (2024)
- IFC, private nonguaranteed (NFL, current US$) — US$0 (2024)
- PPG, official creditors (NFL, current US$)
Reading data like this
Questions people ask
- What is Grenada's gross Value Added (GVA) at basic prices (current US$)?
- US$1.17 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 1,755% from US$62.9 million in 1977 (6.27% a year on average, compounded). The highest value was US$1.17 billion in 2025 and the lowest US$62.9 million in 1977.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
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