Dominica vs Grenada: Economic Indicators Comparison

Grenada with a GDP of $1.2B ranked the 183rd largest economy in the world, while Dominica ranked 189th with $550.9M. By GDP per capita, Grenada and Dominica ranked 70th vs 87th, respectively.

Gross Domestic Product & Income

Stat	Dominica	Grenada
GDP	$550.9M	$1.2B
GDP growth, 1 year	-12%	4.18%
GDP growth, 5-years average	-2.8%	N/A
Population	74k	108k
GDP per capita	$7.7k	$11k
GDP per capita growth	2.03%	3.64%
Purchasing Power Parity conversion factor	1.87	1.85
Price level ratio of PPP conversion factor GDP to market exchange rate	0.69	0.68
GDP per capita, PPP adjusted	$9.9k	$16k
GNI, Atlas method	$508.1M	$1.1B
GNI per capita	$7.1k	$9.7k
GNI, PPP adjusted	$735.4M	$1.6B
GNI per capita, PPP adjusted	$10k	$14k

Financial system and Human development

Stat	Dominica	Grenada
Income Tax Rate	35%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	1.4%	0.8%
Inflation, GDP deflator	3.6%	1%
Unemployment	0%	22.9%
Economic Freedom Index	60.8	63
Personal Freedom Index	6.1	6
Human Freedom Index	6.1	6
Property Rights Index	59.8	N/A
Judical Effectiveness Index	62.6	N/A
Business Freedom Index	70.4	N/A
Fiscal Health Index	86.2	N/A
Labor Freedom Index	60.7	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	68.4	N/A
Monetary Freedom Index	83.5	N/A
Government Spending Index	16	N/A
Tax Burden Index	70.5	N/A
Government Integrity Index	51.2	N/A
Corruption Perceptions Index	57	52
Life expectancy at birth, years	76.6	72.4
Suicide mortality rate, per 100,000 people	2	1.7
Mortality caused by road traffic injury, per 100,000 people	10.9	9.3
Intentional homicides, per 100,000 people	25.7	11.1
International tourism, number of arrivals	63k	185k

Government debt & reserves

Stat	Dominica	Grenada
Central government debt, % of GDP	83.1%	N/A
External debt stocks, % of GNI	55.3%	58.8%
External debt stocks	$279.2M	$644.9M
Short-term debt, % of total reserves	6.9%	50.4%
Total debt service, % of exports and primary income	16.5%	8.4%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	N/A	N/A
Gross capital formation, % of GDP	N/A	N/A
Total reserves including gold	$191.3M	$233.8M
Foreign direct investment net inflows	$13.3M	$153.7M

Exports, imports and economic structure

Stat	Dominica	Grenada
Exports of goods and services, % of GDP	42.9%	54.2%
Imports of goods and services, % of GDP	65.1%	55.2%
Current account balance (balance of payments)	-$225.1M	-$116.3M
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$28.3M	$250k
Personal remittances received	$49.2M	$48.5M
Industry including construction value added, % of GDP	15.8%	13.3%
Agriculture, forestry and fishing value added, % of GDP	11.1%	5.2%
Charges for the use of intellectual property, payments BoP	$662k	$9.3M
Charges for the use of intellectual property, receipts BoP	$119	$56k
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	52.9%	N/A