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Economy of Austria vs Grenada compared: GDP & Debt

Updated on by Georank

Austria has a GDP of $579B compared to $1.42B for Grenada, ranking 29/197 and 184/197 by economy size, respectively.

Austria has $466B in government debt (80.5% of GDP), compared to $1.02B (71.6% of GDP) in Grenada.

Austria vs Grenada GDP by year

Austria
Grenada
1x
Year GDP, current $
Austria Grenada
2025 $579,470,021,095 $1,420,173,229
2024 $534,790,720,467 $1,351,270,370
2023 $516,670,509,629 $1,336,418,519
2022 $473,221,298,968 $1,224,007,407
2021 $480,466,363,177 $1,122,222,222
2020 $434,397,601,558 $1,043,411,111
2019 $442,983,642,372 $1,213,485,185
2018 $452,582,294,973 $1,166,514,815
2017 $414,926,138,133 $1,125,685,185
2016 $393,687,359,770 $1,061,640,741
2015 $379,546,097,301 $997,007,407
2014 $438,556,021,078 $911,496,296
2013 $426,580,502,769 $842,618,519
2012 $406,750,487,604 $799,881,481
2011 $428,954,737,064 $778,655,556
2010 $389,827,789,218 $771,014,815
2009 $399,290,118,782 $771,275,556
2008 $429,234,399,096 $825,976,037
2007 $386,760,177,589 $758,683,593
2006 $333,905,979,332 $698,700,667
2005 $313,952,317,331 $695,555,556
2004 $299,210,411,455 $599,118,593
2003 $260,779,834,340 $591,018,407
2002 $212,837,224,023 $540,336,926
2001 $196,477,206,829 $520,444,185
2000 $196,181,599,831 $520,044,370
1999 $216,421,809,126 $482,009,370
1998 $217,068,085,816 $445,903,593
1997 $211,724,812,267 $392,190,593
1996 $235,952,581,232 $366,911,444
1995 $240,094,169,510 $342,172,519
1994 $202,738,023,130 $325,111,815
1993 $189,634,029,339 $309,812,185
1992 $194,314,032,056 $310,160,444
1991 $173,113,449,617 $300,757,889
1990 $165,811,372,383 $278,098,763
1989 $132,584,448,258 $267,327,642
1988 $132,817,124,707 $236,357,524
1987 $123,682,091,859 $215,009,570
1986 $98,648,254,169 $187,589,523
1985 $69,114,996,010 $167,728,455
1984 $67,719,055,773 $145,533,311
1983 $71,838,528,420 $131,803,552
1982 $70,996,111,963 $125,435,590
1981 $70,755,997,062 $115,651,919
1980 $81,737,498,405 $110,900,457
1979 $73,647,694,287 $102,244,362
1978 $61,809,208,756 $88,322,386
1977 $51,343,861,460 $71,494,495
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Austria vs Grenada by year

Austria
GDP per capita

GDP per capita, PPP
Grenada
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Grenada
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $62,930 - $12,107 -
2024 $58,269 $73,911 $11,529 $20,178
2023 $56,580 $73,545 $11,414 $18,971
2022 $52,337 $72,065 $10,469 $17,544
2021 $53,649 $62,969 $9,617 $15,290
2020 $48,716 $58,523 $8,969 $14,361
2019 $49,886 $60,355 $10,463 $16,446
2018 $51,194 $56,636 $10,083 $15,975
2017 $47,164 $53,870 $9,751 $15,041
2016 $45,061 $52,398 $9,221 $13,978
2015 $43,915 $49,549 $8,694 $13,214
2014 $51,315 $48,355 $7,986 $12,229
2013 $50,305 $47,520 $7,425 $11,199
2012 $48,250 $46,156 $7,093 $10,575
2011 $51,117 $44,172 $6,947 $10,592
2010 $46,611 $41,735 $6,910 $10,344
2009 $47,857 $40,687 $6,933 $10,303
2008 $51,581 $41,047 $7,448 $11,001
2007 $46,623 $39,192 $6,865 $10,728
2006 $40,382 $37,388 $6,344 $9,877
2005 $38,157 $34,777 $6,339 $10,016
2004 $36,614 $33,519 $5,480 $8,606
2003 $32,110 $31,959 $5,428 $8,469
2002 $26,335 $30,952 $4,984 $7,621
2001 $24,430 $29,553 $4,820 $7,283
2000 $24,487 $29,221 $4,840 $7,306
1999 $27,079 $27,500 $4,516 $6,857
1998 $27,212 $26,531 $4,206 $6,368
1997 $26,572 $25,301 $3,725 $5,673
1996 $29,646 $24,427 $3,508 $5,347
1995 $30,207 $23,604 $3,294 $5,062
1994 $25,546 $22,553 $3,152 $4,889
1993 $23,987 $21,647 $3,026 $4,742
1992 $24,783 $21,209 $3,053 $4,761
1991 $22,323 $20,536 $2,984 $4,733
1990 $21,596 $19,396 $2,782 $4,553
1989 $17,401 - $2,697 -
1988 $17,510 - $2,404 -
1987 $16,329 - $2,205 -
1986 $13,032 - $1,938 -
1985 $9,136 - $1,745 -
1984 $8,956 - $1,524 -
1983 $9,500 - $1,388 -
1982 $9,373 - $1,329 -
1981 $9,348 - $1,230 -
1980 $10,827 - $1,173 -
1979 $9,755 - $1,071 -
1978 $8,173 - $917 -
1977 $6,784 - $737 -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Austria's GDP per capita is $62,930, ranking 16/197, compared to $12,107 in Grenada, ranking 82/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Grenada ranks 96th at $20,178.

Economic indicators

Austria Grenada
Gross domestic product
$579B
2025
$1.42B
2025
GDP rank
29/197
2025
184/197
2025
GDP growth
0.62%
2024-2025
4.41%
2024-2025
GDP per capita
$62,930
2025
$12,107
2025
GDP per capita rank
16/197
2025
82/197
2025
GDP per capita, PPP
$73,911
2024
$20,178
2024
GDP per capita PPP rank
19/197
2024
96/197
2024
Government debt
$466B
2025
$1.02B
2025
Debt-to-GDP ratio
80.5%
2025
71.6%
2025
Government debt per person
$50,654
2025
$8,671
2025
Government debt per person rank
10/185
2025
65/185
2025
Average annual personal income after taxes
$38,467
2026
$11,184
2026
Market capitalization of domestic companies
$211B
2025
n/a
Number of billionaires
9
2026
n/a
Income share by richest 10%
24.8%
2023
33.7%
2018
Income share by poorest 10%
2.8%
2023
2.1%
2018
Government expenditure, % of GDP
55.2%
2025
39.1%
2025
Consumer prices inflation
3.53%
2024-2025
0.61%
2024-2025
Unemployment rate
5.78%
2025
6.34%
2023
Population
9201502
117405

Spending and national debt comparison by year

Austria
Spending

Debt
Grenada
Spending

Debt
1x
Year % of GDP
Austria Grenada
Government spending Government debt Government spending Government debt
2025 55.2% 80.5% 39.1% 71.6%
2024 55.2% 79.2% 38.3% 75.1%
2023 52.2% 77.8% 28.7% 74.5%
2022 53% 78.1% 32% 79.3%
2021 56% 82.4% 31.3% 86.6%
2020 57.3% 83.2% 32.7% 89.5%
2019 49.1% 71% 21.6% 62.7%
2018 49.2% 74.6% 22.1% 68.5%
2017 49.8% 79.1% 22.6% 70.3%
2016 50.6% 83.4% 23.5% 81.6%
2015 51.2% 85.6% 25.3% 90.1%
2014 52.4% 85.2% 28.7% 99.3%
2013 52.4% 82.4% 28.1% 105.4%
2012 51.8% 82.9% 26.2% 101.5%
2011 51.3% 83.4% 28.3% 102.8%
2010 53.4% 83.7% 28% 96.2%
2009 54.6% 80.8% 27.2% 91.1%
2008 50.4% 69.5% 27.9% 83.9%
2007 49.7% 65.8% 27.7% 89.1%
2006 50.9% 68.2% 32.4% 92.9%
2005 51.7% 69.4% 26.6% 87.3%
2004 54.3% 65.9% 24.7% 94.7%
2003 51.8% 66.4% 28.7% 79.6%
2002 51.6% 67.4% 35.7% 79.1%
2001 51.8% 67.2% 29.6% 44.6%
2000 50.9% 66.1% 25.6% 41.6%
1999 50.5% 61.3% 23.7% 34.5%
1998 54.4% 69.2% 25.3% 40.3%
1997 52.5% 63.4% 26.6% 41.4%
1996 55.9% 68.2% 26.3% 43.9%
1995 56.1% 68.2% 23.2% 43.1%
1994 54.3% 64.1% 24.7% 45.7%
1993 54.3% 61% 23.1% 45.3%
1992 49.3% 56.3% 21.8% 40.1%
1991 47.9% 56.4% 26.8% 42%
1990 46.8% 56.2% 29% 46.2%
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

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

In 2025, Austria's government spending was $320B, accounting for 55.2% of its GDP, while Grenada spent $556M, or 39.1% of GDP.

Debt-to-GDP ratio is 80.5% in Austria and 71.6% in Grenada, ranking 42/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Grenada
1x
Year Deficit/surplus, % of GDP
Austria Grenada
2025 -4.52% -5.01%
2024 -4.68% 6.88%
2023 -2.59% 7.94%
2022 -3.41% 0.93%
2021 -5.69% 0.33%
2020 -8.2% -4.55%
2019 0.54% 4.96%
2018 0.2% 4.92%
2017 -0.78% 3.02%
2016 -1.45% 2.69%
2015 -0.48% -0.8%
2014 -1.92% -4.2%
2013 -1.99% -7.25%
2012 -2.18% -5.44%
2011 -2.48% -4.86%
2010 -4.46% -4.07%
2009 -5.38% -4.4%
2008 -1.57% -3.72%
2007 -1.56% -5.91%
2006 -2.61% -5.23%
2005 -2.59% 0.9%
2004 -4.94% -0.57%
2003 -1.84% -2.81%
2002 -1.43% -13.9%
2001 -0.71% -6.05%
2000 -2.07% -2.07%
1999 -2.63% -1.7%
1998 -2.68% -2.39%
1997 -2.38% -4.94%
1996 -4.38% -3.02%
1995 -6.17% -0.46%
1994 -5.04% -2.85%
1993 -4.57% -0.16%
1992 -2.15% -1.46%
1991 -2.96% -4.34%
1990 -2.58% -7.78%
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Austria's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 4.52% of GDP. This compares to Grenada's deficit of $71.1M, or 5.01% of GDP.

Over the past 36 years, Austria recorded a fiscal deficit in 34 of those years, while Grenada ran a deficit in 27 years. On average, Austria posted an annual deficit equal to 2.9% of GDP, compared to deficit of 2.15% of GDP for Grenada.

Inflation comparison by year

Inflation
Austria

Grenada
1x
Year Consumer prices inflation
Austria Grenada
2025 3.53% 0.61%
2024 2.94% 1.09%
2023 7.81% 2.7%
2022 8.55% 2.58%
2021 2.77% 1.22%
2020 1.38% -0.74%
2019 1.53% 0.6%
2018 2% 0.8%
2017 2.08% 0.91%
2016 0.89% 1.65%
2015 0.9% -0.52%
2014 1.61% -0.98%
2013 2% -0.04%
2012 2.49% 2.41%
2011 3.29% 3.03%
2010 1.81% 3.44%
2009 0.51% -0.31%
2008 3.22% 8.03%
2007 2.17% 3.86%
2006 1.44% 4.25%
2005 2.3% 3.48%
2004 2.06% 2.31%
2003 1.36% 2.15%
2002 1.81% 1.07%
2001 2.65% 3.14%
2000 2.34% 2.18%
1999 0.57% 0.58%
1998 0.92% 1.38%
1997 1.31% 1.24%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Austria has recorded an average annual inflation rate of 2.35%, compared with 1.8% in Grenada. In 2025, inflation was 3.53% in Austria and 0.61% in Grenada.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $1.18M
Animal & marine products $135K
Processed food, beverages & tobacco $34K
Chemicals & pharma $20K
Textiles & consumer goods $13K
Weapons & explosives $5K
Metals $2K
Raw materials & minerals $2K
Grenada
Export category Export value

Balance of trade

Austria Grenada
Current account balance
$10.4B
2025
-$328M
2025
Current account balance ranking
24/190
2025
97/190
2025
Current account balance, % of GDP
+1.79%
2025
-23.1%
2025
Goods imports
$208B
2025
$612M
2025
Goods exports
$214B
2025
$67.4M
2025
Service imports
$98.3B
2025
$397M
2025
Service exports
$105B
2025
$756M
2025
Imports of goods and services, % of GDP
52.3%
2025
n/a
Exports of goods and services, % of GDP
54.7%
2025
16%
2026

Economic freedom indices

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

Austria Grenada
Economic freedom 69.8 63
Economic freedom ranking 38/197 84/197
Property rights 95.7 n/a
Government integrity 75 n/a
Judicial effectiveness 94.8 n/a
Tax burden 45.7 n/a
Government spending 12.8 n/a
Fiscal health 67.1 n/a
Business freedom 78.7 n/a
Labor freedom 81.6 n/a
Monetary freedom 76.4 n/a
Trade freedom 79.4 n/a
Investment freedom 60 n/a
Financial freedom 70 n/a

Other economic metrics

Austria Grenada
Services, % of GDP
64.1%
2025
64.9%
2025
Industry, % of GDP
24%
2025
15.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.26%
2025
2.54%
2025
GNI, Atlas method
$556B
2025
$1.37B
2025
GNI per capita, PPP
$77,010
2025
$20,170
2025
Total reserves including gold
$53.4B
2025
$408M
2025
Total reserves ranking
46/177
2025
164/177
2025
Net foreign direct investment
$5.61B
2025
-$174M
2025
Net inflows of foreign direct investment
$13.7B
2024
$164M
2024
Net outflows of foreign direct investment
$13.8B
2024
-$4.02M
2024
Servicing debt to the IMF, % of GNI n/a
3.4%
2024
Poverty at national poverty lines
14.8%
2021
38%
2020
Gross capital formation, % of GDP
23.7%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.