Services sector's value added to GDP in Grenada

The value added by the services industry to the gross domestic product in Grenada increased by 33.4 million U.S. dollars (+4.84 percent) in 2023. In total, the value added amounted to 722.93 million U.S. dollars 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 to gross domestic product by the manufacturing sector, value added by the agriculture, forestry, and fishing sector to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Grenada from 2014 to 2023 (in million U.S. dollars)

Characteristic	Value in million U.S. dollars
2023	722.93
2022	689.52
2021	654.88
2020	643.41
2019	741.89
2018	727.65
2017	709.31
2016	683.03
2015	665.63
2014	645.77

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Release date

October 2024

More information

Region

Grenada

Survey time period

2014 to 2023

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. 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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