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Economy of Afghanistan vs Grenada compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $1.37B for Grenada, ranking 137/197 and 184/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $997M (72.7% of GDP) in Grenada.

Afghanistan vs Grenada GDP by year

Afghanistan
Grenada
1x
Year GDP, current $
Afghanistan Grenada
2024 - $1,371,918,519
2023 $17,152,234,637 $1,336,418,519
2022 $14,497,243,872 $1,224,007,407
2021 $14,259,995,441 $1,122,222,222
2020 $19,955,929,052 $1,043,411,111
2019 $18,799,444,490 $1,213,485,185
2018 $18,053,222,687 $1,166,514,815
2017 $18,753,456,498 $1,125,685,185
2016 $18,116,572,395 $1,061,640,741
2015 $19,134,221,645 $997,007,407
2014 $20,497,128,556 $911,496,296
2013 $20,146,416,758 $842,618,519
2012 $19,907,329,778 $799,881,481
2011 $17,805,098,206 $778,655,556
2010 $15,856,668,556 $771,014,815
2009 $12,416,152,732 $771,275,556
2008 $10,109,297,048 $825,976,037
2007 $9,747,886,187 $758,683,593
2006 $6,971,758,282 $698,700,667
2005 $6,203,256,539 $695,555,556
2004 $5,224,896,719 $599,118,593
2003 $4,520,946,819 $591,018,407
2002 $3,825,701,439 $540,336,926
2001 $2,813,571,754 $520,444,185
2000 $3,521,418,060 $520,044,370
1999 - $482,009,370
1998 - $445,903,593
1997 - $392,190,593
1996 - $366,911,444
1995 - $342,172,519
1994 - $325,111,815
1993 - $309,812,185
1992 - $310,160,444
1991 - $300,757,889
1990 - $278,098,763
1989 - $267,327,642
1988 - $236,357,524
1987 - $215,009,570
1986 - $187,589,523
1985 - $167,728,455
1984 - $145,533,311
1983 - $131,803,552
1982 - $125,435,590
1981 - $115,651,919
1980 - $110,900,457
1979 - $102,244,362
1978 - $88,322,386
1977 - $71,494,495

Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/grenada | CC BY

GDP per capita in Afghanistan vs Grenada by year

Afghanistan
GDP per capita

GDP per capita, PPP
Grenada
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Grenada
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $11,705 $20,178
2023 $414 $2,202 $11,414 $18,971
2022 $357 $2,123 $10,469 $17,544
2021 $356 $2,144 $9,617 $15,290
2020 $511 $2,562 $8,969 $14,361
2019 $497 $2,583 $10,463 $16,446
2018 $491 $2,432 $10,083 $15,975
2017 $525 $2,336 $9,751 $15,041
2016 $522 $2,213 $9,221 $13,978
2015 $566 $2,284 $8,694 $13,214
2014 $625 $2,224 $7,986 $12,229
2013 $637 $2,133 $7,425 $11,199
2012 $651 $1,988 $7,093 $10,575
2011 $607 $1,744 $6,947 $10,592
2010 $561 $1,766 $6,910 $10,344
2009 $452 $1,571 $6,933 $10,303
2008 $382 $1,334 $7,448 $11,001
2007 $376 $1,287 $6,865 $10,728
2006 $274.2 $1,122 $6,344 $9,877
2005 $254.2 $1,076 $6,339 $10,016
2004 $221.8 $972 $5,480 $8,606
2003 $198.9 $967 $5,428 $8,469
2002 $179 $927 $4,984 $7,621
2001 $138.7 $748 $4,820 $7,283
2000 $174.9 $814 $4,840 $7,306
1999 - - $4,516 $6,857
1998 - - $4,206 $6,368
1997 - - $3,725 $5,673
1996 - - $3,508 $5,347
1995 - - $3,294 $5,062
1994 - - $3,152 $4,889
1993 - - $3,026 $4,742
1992 - - $3,053 $4,761
1991 - - $2,984 $4,733
1990 - - $2,782 $4,553
1989 - - $2,697 -
1988 - - $2,404 -
1987 - - $2,205 -
1986 - - $1,938 -
1985 - - $1,745 -
1984 - - $1,524 -
1983 - - $1,388 -
1982 - - $1,329 -
1981 - - $1,230 -
1980 - - $1,173 -
1979 - - $1,071 -
1978 - - $917 -
1977 - - $737 -

Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/grenada | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $11,705 in Grenada, ranking 80/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Grenada ranks 96th at $20,178.

Economic indicators

Afghanistan Grenada
Gross domestic product
$17.2B
2023
$1.37B
2024
GDP rank
137/197
2023
184/197
2024
GDP growth
2.27%
2022-2023
3.96%
2023-2024
GDP per capita
$414
2023
$11,705
2024
GDP per capita rank
196/197
2023
80/197
2024
GDP per capita, PPP
$2,202
2023
$20,178
2024
GDP per capita PPP rank
184/197
2023
96/197
2024
Government debt
$1.44B
2023
$997M
2024
Debt-to-GDP ratio
8.8%
2024
72.7%
2024
Government debt per person
$34.8
2023
$8,510
2024
Government debt per person rank
185/185
2023
61/185
2024
Average annual personal income after taxes
$1,869
2026
$11,170
2026
Income share by richest 10% n/a
33.7%
2018
Income share by poorest 10% n/a
2.1%
2018
Government expenditure, % of GDP
19.4%
2024
37.1%
2024
Consumer prices inflation
-4.3%
2023-2024
1.09%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
6.34%
2023
Population
45409324
117407

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Grenada
Spending

Debt
1x
Year % of GDP
Afghanistan Grenada
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 37.1% 72.7%
2023 17% 8.42% 28.7% 74.5%
2022 16.1% 10.8% 32% 79.3%
2021 17.9% 11.2% 31.3% 86.6%
2020 27.9% 7.33% 32.7% 89.5%
2019 28% 6.14% 21.6% 62.7%
2018 28.9% 7.38% 22.1% 68.5%
2017 27.7% 8% 22.6% 70.3%
2016 28% 8.44% 23.5% 81.6%
2015 25.9% 9.15% 25.3% 90.1%
2014 25.4% 8.7% 28.7% 99.3%
2013 25% 6.92% 28.1% 105.4%
2012 25% 6.77% 26.2% 101.5%
2011 21.9% 7.52% 28.3% 102.8%
2010 20.8% 7.71% 28% 96.2%
2009 21.2% 16.2% 27.2% 91.1%
2008 20.9% 19.1% 27.9% 83.9%
2007 21.4% 20.1% 27.7% 89.1%
2006 18.3% 23% 32.4% 92.9%
2005 15.7% 206.4% 26.6% 87.3%
2004 15.1% 245% 24.7% 94.7%
2003 11.9% 270.6% 28.7% 79.6%
2002 6.94% 346% 35.7% 79.1%
2001 - - 29.6% 44.6%
2000 - - 25.6% 41.6%
1999 - - 23.7% 34.5%
1998 - - 25.3% 40.3%
1997 - - 26.6% 41.4%
1996 - - 26.3% 43.9%
1995 - - 23.2% 43.1%
1994 - - 24.7% 45.7%
1993 - - 23.1% 45.3%
1992 - - 21.8% 40.1%
1991 - - 26.8% 42%
1990 - - 29% 46.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/grenada | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Grenada spent $509M, or 37.1% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 72.7% in Grenada, ranking 181/185 and 52/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Grenada
1x
Year Deficit/surplus, % of GDP
Afghanistan Grenada
2024 -0.54% 6.66%
2023 -1.33% 7.94%
2022 -1% 0.93%
2021 -0.48% 0.33%
2020 -2.24% -4.55%
2019 -1.06% 4.96%
2018 1.63% 4.92%
2017 -0.67% 3.02%
2016 0.13% 2.69%
2015 -1.38% -0.8%
2014 -1.72% -4.2%
2013 -0.63% -7.25%
2012 0.18% -5.44%
2011 -0.67% -4.86%
2010 0.93% -4.07%
2009 -1.76% -4.4%
2008 -3.86% -3.72%
2007 -2.46% -5.91%
2006 0.68% -5.23%
2005 -0.92% 0.9%
2004 -2.39% -0.57%
2003 -2.1% -2.81%
2002 -0.1% -13.9%
2001 - -6.05%
2000 - -2.07%
1999 - -1.7%
1998 - -2.39%
1997 - -4.94%
1996 - -3.02%
1995 - -0.46%
1994 - -2.85%
1993 - -0.16%
1992 - -1.46%
1991 - -4.34%
1990 - -7.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/grenada | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Grenada's surplus of $106M, or 7.94% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Grenada ran a deficit in 14 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 1.91% of GDP for Grenada.

Inflation comparison by year

Inflation
Afghanistan

Grenada
1x
Year Consumer prices inflation
Afghanistan Grenada
2024 -4.3% 1.09%
2023 -7.7% 2.7%
2022 10.6% 2.58%
2021 7.8% 1.22%
2020 5.6% -0.74%
2019 2.3% 0.6%
2018 0.6% 0.8%
2017 5% 0.91%
2016 4.4% 1.65%
2015 -0.7% -0.52%
2014 4.7% -0.98%
2013 7.4% -0.04%
2012 6.4% 2.41%
2011 11.8% 3.03%
2010 2.2% 3.44%
2009 -6.8% -0.31%
2008 26.4% 8.03%
2007 8.7% 3.86%
2006 6.8% 4.25%
2005 10.6% 3.48%
2004 16.4% 2.31%
2003 35.7% 2.15%
2002 - 1.07%
2001 - 3.14%
2000 - 2.18%
1999 - 0.58%
1998 - 1.38%
1997 - 1.24%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/grenada | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 1.91% in Grenada. In 2024, inflation was -4.3% in Afghanistan and 1.09% in Grenada.

Balance of trade

Afghanistan Grenada
Current account balance
-$3.14B
2020
-$271M
2024
Current account balance ranking
159/190
2020
99/190
2024
Current account balance, % of GDP
-15.7%
2020
-19.7%
2024
Goods imports
$5.88B
2020
$562M
2024
Goods exports
$777M
2020
$70.4M
2024
Service imports
$1.11B
2020
$429M
2024
Service exports
$700M
2020
$789M
2024
Imports of goods and services, % of GDP
50.7%
2023
n/a
Exports of goods and services, % of GDP
16.9%
2023
16%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Grenada
Economic freedom 53 63
Economic freedom ranking 142/197 84/197
Property rights 3.6 n/a
Government integrity 13.5 n/a
Judicial effectiveness 0 n/a
Tax burden 92 n/a
Government spending 90.8 n/a
Fiscal health 98.4 n/a
Business freedom 33.7 n/a
Labor freedom 44.4 n/a
Monetary freedom 84.9 n/a
Trade freedom 68.6 n/a
Investment freedom 10 n/a
Financial freedom 10 n/a

Other economic metrics

Afghanistan Grenada
Services, % of GDP
46.4%
2023
65.7%
2024
Industry, % of GDP
13.4%
2023
15.2%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
2.95%
2024
GNI, Atlas method
$15.5B
2023
$1.23B
2024
GNI per capita, PPP
$2,210
2023
$18,220
2024
Total reserves including gold
$9.75B
2020
$423M
2024
Total reserves ranking
78/177
2020
161/177
2024
Net foreign direct investment
$24.3M
2020
-$223M
2024
Net inflows of foreign direct investment
$0
2024
$164M
2024
Net outflows of foreign direct investment
$0
2024
-$4.02M
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
3.49%
2024
Poverty at national poverty lines
47.1%
2019
38%
2020
Gross capital formation, % of GDP
15.3%
2023
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/grenada | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2021–2026, retrieved 2026-03-09)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.