Georgia vs Grenada: Economic Indicators Comparison

Georgia with a GDP of $17.6B ranked the 119th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Georgia and Grenada ranked 111th vs 70th, respectively.

Gross Domestic Product & Income

StatGeorgiaGrenada
GDP$17.6B$1.2B
GDP growth, 1 year4.7%4.18%
GDP growth, 5-years average4%N/A
Population3.7M108k
GDP per capita$4.7k$11k
GDP per capita growth4.72%3.64%
Purchasing Power Parity conversion factor11.85
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.68
GDP per capita, PPP adjusted$11k$16k
GNI, Atlas method$16.6B$1.1B
GNI per capita$4.4k$9.7k
GNI, PPP adjusted$42.9B$1.6B
GNI per capita, PPP adjusted$12k$14k

Financial system and Human development

StatGeorgiaGrenada
Income Tax Rate20%N/A
Corporate Tax Rate15%N/A
Inflation, consumer prices2.6%0.8%
Inflation, GDP deflator4.4%1%
Unemployment14.1%22.9%
Economic Freedom Index77.163
Personal Freedom Index7.46
Human Freedom Index7.486
Property Rights Index68.6N/A
Judical Effectiveness Index57.9N/A
Business Freedom Index85.3N/A
Fiscal Health Index94.4N/A
Labor Freedom Index76.3N/A
Investment Freedom Index80N/A
Financial Freedom Index70N/A
Trade Freedom Index88.6N/A
Monetary Freedom Index78.3N/A
Government Spending Index73.6N/A
Tax Burden Index87.1N/A
Government Integrity Index64.8N/A
Corruption Perceptions Index5852
Life expectancy at birth, years73.472.4
Suicide mortality rate, per 100,000 people8.21.7
Mortality caused by road traffic injury, per 100,000 people15.39.3
Intentional homicides, per 100,000 people111.1
International tourism, number of arrivals4.8M185k

Government debt & reserves

StatGeorgiaGrenada
Central government debt, % of GDP44.5%N/A
External debt stocks, % of GNI110.6%58.8%
External debt stocks$17.1B$644.9M
Short-term debt, % of total reserves81.1%50.4%
Total debt service, % of exports and primary income23.7%8.4%
Adjusted net savings including particulate emission damage, % of GNI12.5%N/A
Gross savings, % of GDP21%N/A
Gross capital formation, % of GDP28.1%N/A
Total reserves including gold$3.3B$233.8M
Foreign direct investment net inflows$1.2B$153.7M

Exports, imports and economic structure

StatGeorgiaGrenada
Exports of goods and services, % of GDP50.6%54.2%
Imports of goods and services, % of GDP61.2%55.2%
Current account balance (balance of payments)-$1.2B-$116.3M
Revenue excluding grants, % of GDP23%N/A
Grants excluding technical cooperation, BoP$314.1M$250k
Personal remittances received$2B$48.5M
Industry including construction value added, % of GDP19.9%13.3%
Agriculture, forestry and fishing value added, % of GDP6.8%5.2%
Charges for the use of intellectual property, payments BoP$27.1M$9.3M
Charges for the use of intellectual property, receipts BoP$270k$56k
Expense, % of GDP21.4%N/A
Government Expenditure, % of GDP29.6%N/A

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
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
Azerbaijan
$4.7k
10M
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
Bolivia
$3.5k
11.1M

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