Grenada: Services, value added (constant LCU)

Key figures

What the numbers say

In 2025, Grenada's services, value added (constant LCU) rose 2.8% on 2024 (from 1.67 billion to 1.71 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +2.9% and a typical year strayed about 4.4% from that (the standard deviation). This year's change was 0.0 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 12.9% in 1998 and the biggest yearly fall was 13.3% 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 23% 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, Grenada had the 158th 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.

Closest to Grenada in the 2025 ranking

• Andorra — 154th of 161: 2.43 billion
• Samoa — 155th of 161: 1.9 billion
• St. Vincent and the Grenadines — 156th of 161: 1.8 billion
• St. Kitts and Nevis — 158th of 161: 1.67 billion
• Liberia — 159th of 161: 1.61 billion
• Dominica — 160th of 161: 1.03 billion

What this measures

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.

All 49 values

Services, value added (constant LCU) in nearby economies

• Antigua and Barbuda — 3.3 billion (2025)
• Argentina — 382.3 billion (2025)
• Aruba — 4.33 billion (2023)
• Bahamas, The — 10.63 billion (2024)
• Barbados — 11.28 billion (2024)
• Belize — 3.42 billion (2025)
• Bolivia — 180.62 billion (2024)
• Brazil — 2.81 trillion (2025)
• Cayman Islands — 4.57 billion (2024)
• Chile — 134.03 trillion (2025)
• Colombia

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

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Questions people ask

What is Grenada's services, value added (constant LCU)?

1.71 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is up 352.61% from 378.88 million in 1977 (3.2% a year on average, compounded). The highest value was 1.71 billion in 2025 and the lowest 378.88 million in 1977.

How does Grenada rank?

158th highest of 161 economies with data for 2025.

Is the latest change in services, value added (constant LCU) unusual for Grenada?

In 2025, Grenada's services, value added (constant LCU) rose 2.8% on 2024 (from 1.67 billion to 1.71 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.9% and a typical year strayed about 4.4% from that (the standard deviation). This year's change was 0.0 standard deviations below 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 NV.SRV.TOTL.KN, 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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