Services sector share of GDP in Grenada 2007-2023

The share of value added by the services industry to gross domestic product in Grenada saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 64.3 percent. But still, the share reached its lowest value of the observation period in 2023.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources

Find more statistics on other topics about Grenada with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, share of value added by the manufacturing industry to the gross domestic product, and national gross income per capita.

Share of value added by the services industry to gross domestic product (GDP) in Grenada from 2007 to 2023

Characteristic	Share of GDP
2023	64.3%
2022	64.31%
2021	65.22%
2020	66.81%
2019	66.86%
2018	66.03%
2017	67.02%
2016	66.93%
2015	66.76%
2014	68.28%
2013	69.74%
2012	70.47%
2011	69.15%
2010	68.37%
2009	69.6%
2008	66.68%
2007	64.99%

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Release date

October 2024

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Region

Grenada

Survey time period

2007 to 2023

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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