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Australia vs Grenada: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Australia and Grenada ranked 13th vs 70th, respectively.

Gross Domestic Product & Income

StatAustraliaGrenada
GDP$1.4T$1.2B
GDP growth, 1 year2.8%4.18%
GDP growth, 5-years average2.6%N/A
Population23.4M108k
GDP per capita$57k$11k
GDP per capita growth1.33%3.64%
Purchasing Power Parity conversion factor1.431.85
Price level ratio of PPP conversion factor GDP to market exchange rate1.110.68
GDP per capita, PPP adjusted$52k$16k
GNI, Atlas method$1.3T$1.1B
GNI per capita$53k$9.7k
GNI, PPP adjusted$1.3T$1.6B
GNI per capita, PPP adjusted$50k$14k

Financial system and Human development

StatAustraliaGrenada
Income Tax Rate45%N/A
Corporate Tax Rate30%N/A
Inflation, consumer prices2%0.8%
Inflation, GDP deflator1.9%1%
Unemployment5.4%22.9%
Economic Freedom Index82.663
Personal Freedom Index9.296
Human Freedom Index8.736
Property Rights Index82.8N/A
Judical Effectiveness Index86.1N/A
Business Freedom Index87.8N/A
Fiscal Health Index91.8N/A
Labor Freedom Index84N/A
Investment Freedom Index80N/A
Financial Freedom Index90N/A
Trade Freedom Index88.2N/A
Monetary Freedom Index86.2N/A
Government Spending Index61.6N/A
Tax Burden Index63N/A
Government Integrity Index89.3N/A
Corruption Perceptions Index7752
Life expectancy at birth, years82.572.4
Suicide mortality rate, per 100,000 people13.21.7
Mortality caused by road traffic injury, per 100,000 people5.69.3
Intentional homicides, per 100,000 people0.811.1
International tourism, number of arrivals9.2M185k

Government debt & reserves

StatAustraliaGrenada
Central government debt, % of GDP40.7%N/A
External debt stocks, % of GNIN/A58.8%
External debt stocksN/A$644.9M
Short-term debt, % of total reservesN/A50.4%
Total debt service, % of exports and primary incomeN/A8.4%
Adjusted net savings including particulate emission damage, % of GNI5.6%N/A
Gross savings, % of GDP21.7%N/A
Gross capital formation, % of GDP24.5%N/A
Total reserves including gold$53.9B$233.8M
Foreign direct investment net inflows$60.3B$153.7M

Exports, imports and economic structure

StatAustraliaGrenada
Exports of goods and services, % of GDP21.8%54.2%
Imports of goods and services, % of GDP21.4%55.2%
Current account balance (balance of payments)-$29.7B-$116.3M
Revenue excluding grants, % of GDP25.7%N/A
Grants excluding technical cooperation, BoPN/A$250k
Personal remittances received$1.9B$48.5M
Industry including construction value added, % of GDP24.1%13.3%
Agriculture, forestry and fishing value added, % of GDP2.5%5.2%
Charges for the use of intellectual property, payments BoP$3.6B$9.3M
Charges for the use of intellectual property, receipts BoP$973.4M$56k
Expense, % of GDP26.1%N/A
Government Expenditure, % of GDP35.8%N/A

Compare with countries close by GDP per capita

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k

Grenada vs

CountryGDP
per capita
Population
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M