Azerbaijan vs Grenada: Economic Indicators Comparison

Azerbaijan with a GDP of $46.9B ranked the 88th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Azerbaijan and Grenada ranked 110th vs 70th, respectively.

Gross Domestic Product & Income

StatAzerbaijanGrenada
GDP$46.9B$1.2B
GDP growth, 1 year1.4%4.18%
GDP growth, 5-years average0.4%N/A
Population10M108k
GDP per capita$4.7k$11k
GDP per capita growth0.51%3.64%
Purchasing Power Parity conversion factor0.441.85
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.68
GDP per capita, PPP adjusted$18k$16k
GNI, Atlas method$40.3B$1.1B
GNI per capita$4.1k$9.7k
GNI, PPP adjusted$170B$1.6B
GNI per capita, PPP adjusted$17k$14k

Financial system and Human development

StatAzerbaijanGrenada
Income Tax Rate25%N/A
Corporate Tax Rate20%N/A
Inflation, consumer prices2.3%0.8%
Inflation, GDP deflator11.9%1%
Unemployment5.2%22.9%
Economic Freedom Index69.363
Personal Freedom Index6.736
Human Freedom Index6.446
Property Rights Index67.1N/A
Judical Effectiveness Index53.9N/A
Business Freedom Index80.8N/A
Fiscal Health Index99.2N/A
Labor Freedom Index66.2N/A
Investment Freedom Index70N/A
Financial Freedom Index60N/A
Trade Freedom Index74.6N/A
Monetary Freedom Index69.8N/A
Government Spending Index63N/A
Tax Burden Index88N/A
Government Integrity Index38.7N/A
Corruption Perceptions Index2552
Life expectancy at birth, years72.772.4
Suicide mortality rate, per 100,000 people2.61.7
Mortality caused by road traffic injury, per 100,000 people8.79.3
Intentional homicides, per 100,000 people211.1
International tourism, number of arrivals2.6M185k

Government debt & reserves

StatAzerbaijanGrenada
Central government debt, % of GDP19.4%N/A
External debt stocks, % of GNI36.4%58.8%
External debt stocks$16.2B$644.9M
Short-term debt, % of total reserves8.5%50.4%
Total debt service, % of exports and primary income10.5%8.4%
Adjusted net savings including particulate emission damage, % of GNI9.5%N/A
Gross savings, % of GDP33%N/A
Gross capital formation, % of GDP20.1%N/A
Total reserves including gold$6.7B$233.8M
Foreign direct investment net inflows$1.4B$153.7M

Exports, imports and economic structure

StatAzerbaijanGrenada
Exports of goods and services, % of GDP54.3%54.2%
Imports of goods and services, % of GDP37.7%55.2%
Current account balance (balance of payments)$6.1B-$116.3M
Revenue excluding grants, % of GDP35.1%N/A
Grants excluding technical cooperation, BoP$45.7M$250k
Personal remittances received$1.2B$48.5M
Industry including construction value added, % of GDP52.2%13.3%
Agriculture, forestry and fishing value added, % of GDP5.3%5.2%
Charges for the use of intellectual property, payments BoP$28.2M$9.3M
Charges for the use of intellectual property, receipts BoP$28k$56k
Expense, % of GDP28%N/A
Government Expenditure, % of GDP35.1%N/A

Compare with countries close by GDP per capita

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k

Grenada vs

CountryGDP
per capita
Population
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M