Services sector's share of GDP in St. Vincent & Grenadines

The share of value added by the services industry to gross domestic product in St. Vincent & Grenadines saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 64.21 percent. In comparison to 2022, the share decreased not significantly by 0.3 percentage points (-0.46 percent).
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 St. Vincent & Grenadines with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, value added to gross domestic product by the manufacturing sector, and share of value added by the manufacturing industry to the gross domestic product.

Share of value added by the services industry to gross domestic product (GDP) in Saint Vincent and the Grenadines from 2010 to 2023

Characteristic	Share of GDP
2023	64.21%
2022	64.55%
2021	63.74%
2020	63.3%
2019	64.39%
2018	63.46%
2017	63.46%
2016	63.72%
2015	64.72%
2014	65.41%
2013	65.8%
2012	65.94%
2011	65.18%
2010	63.95%

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Release date

October 2024

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Region

Saint Vincent and the Grenadines

Survey time period

2010 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.

Figures have been rounded.

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