Grenada ranked 184/197 by economy size with a GDP of $1.37B and 80/197 by GDP per capita at $11,705. Grenada has $997M in government debt, with a debt-to-GDP ratio of 72.7%.
In 2024, Grenada made up 0.001% of the world's economy, compared to 0.001% in 1977.
Grenada GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $1,371,918,519 | 3.96% |
| 2023 | $1,336,418,519 | 4.53% |
| 2022 | $1,224,007,407 | 7.31% |
| 2021 | $1,122,222,222 | 4.7% |
| 2020 | $1,043,411,111 | -13.8% |
| 2019 | $1,213,485,185 | 0.68% |
| 2018 | $1,166,514,815 | 4.36% |
| 2017 | $1,125,685,185 | 4.44% |
| 2016 | $1,061,640,741 | 3.74% |
| 2015 | $997,007,407 | 6.45% |
| 2014 | $911,496,296 | 7.34% |
| 2013 | $842,618,519 | 2.35% |
| 2012 | $799,881,481 | -1.15% |
| 2011 | $778,655,556 | 0.76% |
| 2010 | $771,014,815 | -0.51% |
| 2009 | $771,275,556 | -6.61% |
| 2008 | $825,976,037 | 0.95% |
| 2007 | $758,683,593 | 6.12% |
| 2006 | $698,700,667 | -4% |
| 2005 | $695,555,556 | 13.3% |
| 2004 | $599,118,593 | -0.65% |
| 2003 | $591,018,407 | 9.46% |
| 2002 | $540,336,926 | 3.44% |
| 2001 | $520,444,185 | -2.02% |
| 2000 | $520,044,370 | 4.89% |
| 1999 | $482,009,370 | 6.9% |
| 1998 | $445,903,593 | 11.8% |
| 1997 | $392,190,593 | 5.02% |
| 1996 | $366,911,444 | 4.44% |
| 1995 | $342,172,519 | 2.13% |
| 1994 | $325,111,815 | 1.69% |
| 1993 | $309,812,185 | -1.96% |
| 1992 | $310,160,444 | -0.85% |
| 1991 | $300,757,889 | 1.39% |
| 1990 | $278,098,763 | 4.01% |
| 1989 | $267,327,642 | 3.77% |
| 1988 | $236,357,524 | 2.97% |
| 1987 | $215,009,570 | 9.1% |
| 1986 | $187,589,523 | 7.19% |
| 1985 | $167,728,455 | 5.98% |
| 1984 | $145,533,311 | 3.57% |
| 1983 | $131,803,552 | 3.63% |
| 1982 | $125,435,590 | 4.12% |
| 1981 | $115,651,919 | 1.53% |
| 1980 | $110,900,457 | -0.53% |
| 1979 | $102,244,362 | 5.6% |
| 1978 | $88,322,386 | 5.34% |
| 1977 | $71,494,495 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/grenada | CC BY 
Grenada GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $11,705 | $20,178 |
| 2023 | $11,414 | $18,971 |
| 2022 | $10,469 | $17,544 |
| 2021 | $9,617 | $15,290 |
| 2020 | $8,969 | $14,361 |
| 2019 | $10,463 | $16,446 |
| 2018 | $10,083 | $15,975 |
| 2017 | $9,751 | $15,041 |
| 2016 | $9,221 | $13,978 |
| 2015 | $8,694 | $13,214 |
| 2014 | $7,986 | $12,229 |
| 2013 | $7,425 | $11,199 |
| 2012 | $7,093 | $10,575 |
| 2011 | $6,947 | $10,592 |
| 2010 | $6,910 | $10,344 |
| 2009 | $6,933 | $10,303 |
| 2008 | $7,448 | $11,001 |
| 2007 | $6,865 | $10,728 |
| 2006 | $6,344 | $9,877 |
| 2005 | $6,339 | $10,016 |
| 2004 | $5,480 | $8,606 |
| 2003 | $5,428 | $8,469 |
| 2002 | $4,984 | $7,621 |
| 2001 | $4,820 | $7,283 |
| 2000 | $4,840 | $7,306 |
| 1999 | $4,516 | $6,857 |
| 1998 | $4,206 | $6,368 |
| 1997 | $3,725 | $5,673 |
| 1996 | $3,508 | $5,347 |
| 1995 | $3,294 | $5,062 |
| 1994 | $3,152 | $4,889 |
| 1993 | $3,026 | $4,742 |
| 1992 | $3,053 | $4,761 |
| 1991 | $2,984 | $4,733 |
| 1990 | $2,782 | $4,553 |
| 1989 | $2,697 | - |
| 1988 | $2,404 | - |
| 1987 | $2,205 | - |
| 1986 | $1,938 | - |
| 1985 | $1,745 | - |
| 1984 | $1,524 | - |
| 1983 | $1,388 | - |
| 1982 | $1,329 | - |
| 1981 | $1,230 | - |
| 1980 | $1,173 | - |
| 1979 | $1,071 | - |
| 1978 | $917 | - |
| 1977 | $737 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/grenada | CC BY
Grenada has a GDP per capita of $11,705, ranking 80/197, a GDP per capita based on purchasing power parity (PPP) of $20,178, ranking 96/197, and a median annual after tax income of $11,170, ranking 67/197.
Grenada GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 173 | 75 | 89 |
| 2023 | 179 | 77 | 91 |
| 2022 | 179 | 76 | 93 |
| 2021 | 180 | 77 | 98 |
| 2020 | 181 | 71 | 94 |
| 2019 | 180 | 70 | 83 |
| 2018 | 182 | 74 | 82 |
| 2017 | 181 | 73 | 84 |
| 2016 | 181 | 70 | 89 |
| 2015 | 182 | 76 | 92 |
| 2014 | 184 | 83 | 95 |
| 2013 | 184 | 86 | 101 |
| 2012 | 184 | 87 | 101 |
| 2011 | 185 | 89 | 96 |
| 2010 | 185 | 82 | 97 |
| 2009 | 184 | 80 | 96 |
| 2008 | 181 | 75 | 91 |
| 2007 | 179 | 73 | 92 |
| 2006 | 178 | 68 | 92 |
| 2005 | 177 | 65 | 81 |
| 2004 | 178 | 64 | 88 |
| 2003 | 176 | 60 | 84 |
| 2002 | 177 | 59 | 86 |
| 2001 | 176 | 62 | 86 |
| 2000 | 176 | 60 | 83 |
| 1999 | 175 | 60 | 81 |
| 1998 | 174 | 63 | 84 |
| 1997 | 175 | 67 | 90 |
| 1996 | 173 | 68 | 88 |
| 1995 | 173 | 70 | 87 |
| 1994 | 169 | 67 | 86 |
| 1993 | 168 | 65 | 87 |
| 1992 | 166 | 64 | 87 |
| 1991 | 166 | 61 | 90 |
| 1990 | 166 | 64 | 88 |
| 1989 | 150 | 59 | - |
| 1988 | 151 | 65 | - |
| 1987 | 149 | 64 | - |
| 1986 | 143 | 64 | - |
| 1985 | 142 | 68 | - |
| 1984 | 142 | 74 | - |
| 1983 | 142 | 78 | - |
| 1982 | 142 | 81 | - |
| 1981 | 143 | 82 | - |
| 1980 | 144 | 84 | - |
| 1979 | 136 | 79 | - |
| 1978 | 133 | 79 | - |
| 1977 | 134 | 83 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/grenada | CC BY
Compared with 2000, in 2024 Grenada is ranked 173rd out of 182 by GDP (up from 176th), 75th by GDP per capita (down from 60th), and 89th by GDP per capita PPP (down from 83rd).
Economic indicators
Grenada
|
Rank | |
|---|---|---|
| Gross domestic product |
$1.37B
2024 |
184/197 |
| GDP growth |
3.96%
2023-2024 |
69/194 |
| GDP per capita |
$11,705
2024 |
80/197 |
| GDP per capita, PPP |
$20,178
2024 |
96/197 |
| Government debt |
$997M
2024 |
171/185 |
| Debt-to-GDP ratio |
72.7%
2024 |
52/185 |
| Government debt per person |
$8,510
2024 |
61/185 |
| Average annual personal income after taxes |
$11,170
2026 |
67/197 |
| Income share by richest 10% |
33.7%
2018 |
24/169 |
| Income share by poorest 10% |
2.1%
2018 |
130/169 |
| Government expenditure, % of GDP |
37.1%
2024 |
63/195 |
| Consumer prices inflation |
1.09%
2023-2024 |
168/195 |
| Unemployment rate |
6.34%
2023 |
77/196 |
| Population |
117407
|
182/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 37.1% | 72.7% | 6.66% |
| 2023 | 28.7% | 74.5% | 7.94% |
| 2022 | 32% | 79.3% | 0.93% |
| 2021 | 31.3% | 86.6% | 0.33% |
| 2020 | 32.7% | 89.5% | -4.55% |
| 2019 | 21.6% | 62.7% | 4.96% |
| 2018 | 22.1% | 68.5% | 4.92% |
| 2017 | 22.6% | 70.3% | 3.02% |
| 2016 | 23.5% | 81.6% | 2.69% |
| 2015 | 25.3% | 90.1% | -0.8% |
| 2014 | 28.7% | 99.3% | -4.2% |
| 2013 | 28.1% | 105.4% | -7.25% |
| 2012 | 26.2% | 101.5% | -5.44% |
| 2011 | 28.3% | 102.8% | -4.86% |
| 2010 | 28% | 96.2% | -4.07% |
| 2009 | 27.2% | 91.1% | -4.4% |
| 2008 | 27.9% | 83.9% | -3.72% |
| 2007 | 27.7% | 89.1% | -5.91% |
| 2006 | 32.4% | 92.9% | -5.23% |
| 2005 | 26.6% | 87.3% | 0.9% |
| 2004 | 24.7% | 94.7% | -0.57% |
| 2003 | 28.7% | 79.6% | -2.81% |
| 2002 | 35.7% | 79.1% | -13.9% |
| 2001 | 29.6% | 44.6% | -6.05% |
| 2000 | 25.6% | 41.6% | -2.07% |
| 1999 | 23.7% | 34.5% | -1.7% |
| 1998 | 25.3% | 40.3% | -2.39% |
| 1997 | 26.6% | 41.4% | -4.94% |
| 1996 | 26.3% | 43.9% | -3.02% |
| 1995 | 23.2% | 43.1% | -0.46% |
| 1994 | 24.7% | 45.7% | -2.85% |
| 1993 | 23.1% | 45.3% | -0.16% |
| 1992 | 21.8% | 40.1% | -1.46% |
| 1991 | 26.8% | 42% | -4.34% |
| 1990 | 29% | 46.2% | -7.78% |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20).
GeoRank.org/economy/grenada | CC BY
This chart shows Grenada's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 35 years, Grenada recorded a fiscal deficit in 26 of them, with an average annual deficit equal to 2.07% of GDP. In 2024, government spending reached $509M (37.1% of GDP), with a surplus of 6.66%.
The national debt reached $997M, ranking 171st out of 185 countries by total size, with a debt-to-GDP ratio of 72.7%, ranking 52nd.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 1.09% |
| 2023 | 2.7% |
| 2022 | 2.58% |
| 2021 | 1.22% |
| 2020 | -0.74% |
| 2019 | 0.6% |
| 2018 | 0.8% |
| 2017 | 0.91% |
| 2016 | 1.65% |
| 2015 | -0.52% |
| 2014 | -0.98% |
| 2013 | -0.04% |
| 2012 | 2.41% |
| 2011 | 3.03% |
| 2010 | 3.44% |
| 2009 | -0.31% |
| 2008 | 8.03% |
| 2007 | 3.86% |
| 2006 | 4.25% |
| 2005 | 3.48% |
| 2004 | 2.31% |
| 2003 | 2.15% |
| 2002 | 1.07% |
| 2001 | 3.14% |
| 2000 | 2.18% |
| 1999 | 0.58% |
| 1998 | 1.38% |
| 1997 | 1.24% |
| 1996 | 2.03% |
| 1995 | 1.87% |
| 1994 | 3.77% |
| 1993 | 2.81% |
| 1992 | 3.78% |
| 1991 | 2.64% |
| 1990 | 2.72% |
| 1989 | 5.59% |
| 1988 | 4% |
| 1987 | -0.87% |
| 1986 | 0.56% |
| 1985 | 2.5% |
| 1984 | 5.66% |
| 1983 | 6.1% |
| 1982 | 7.81% |
| 1981 | 18.8% |
| 1980 | 21.8% |
| 1979 | 20.9% |
| 1978 | 18.1% |
| 1977 | 18.5% |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/grenada | CC BY
Over the past 20 years, Grenada has had an average annual inflation rate of 1.87%. In 2024, inflation was 1.09%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Grenada
|
Rank | |
|---|---|---|
|
Current account balance
|
-$271M
2024 |
99/190 |
| Current account balance, % of GDP |
-19.7%
2024 |
180/190 |
| Goods imports |
$562M
2024 |
171/189 |
| Goods exports |
$70.4M
2024 |
177/189 |
| Service imports |
$429M
2024 |
163/189 |
| Service exports |
$789M
2024 |
138/189 |
| Exports of goods and services, % of GDP |
16%
2025 |
163/193 |
Grenada top 10 trading partners
Grenada's biggest trading partner accounting for 37.6% of all exports and imports is the United States, with a trade balance between the two of -$239M: Grenada exports $3.54M worth of goods and services to the United States and imports $242M.
Below is the list of the top 10 trade partners of Grenada.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$246M | 37.6% | $3.54M | $242M | Machinery & equipment | Machinery & equipment |
| 2 |
Trinidad
|
$98.8M | 15.1% | $3.19M | $95.7M | Machinery & equipment | Raw materials & minerals |
| 3 |
Cayman Islands
|
$74.4M | 11.4% | $4K | $74.4M | Animal & marine products | Raw materials & minerals |
| 4 |
United Kingdom
|
$28.7M | 4.39% | $2.32M | $26.4M | Machinery & equipment | Machinery & equipment |
| 5 |
China
|
$27.2M | 4.17% | $955K | $26.3M | Machinery & equipment | Machinery & equipment |
| 6 |
Japan
|
$22.9M | 3.51% | $29K | $22.9M | Machinery & equipment | Machinery & equipment |
| 7 |
Barbados
|
$14.7M | 2.25% | $1.43M | $13.2M | Machinery & equipment | Chemicals & pharma |
| 8 |
Jamaica
|
$10.5M | 1.61% | $160K | $10.4M | Machinery & equipment | Processed food, beverages & tobacco |
| 9 |
Netherlands
|
$10.4M | 1.59% | $109K | $10.3M | Machinery & equipment | Animal & marine products |
| 10 |
Panama
|
$9.11M | 1.39% | $20K | $9.09M | Machinery & equipment | Machinery & equipment |
Top 10 exports
|
Grenada
|
Rank | |
|---|---|---|
| Transport & tourism services | $626M | 130/188 |
| Business & finance services | $24.4M | 153/188 |
| Processed food, beverages & tobacco | $11.7M | 159/192 |
| Raw agricultural goods | $11.2M | 155/193 |
| Machinery & equipment | $10.2M | 164/193 |
| IT & IP services | $5.9M | 162/183 |
| Government & miscellaneous services | $5M | 151/180 |
| Chemicals & pharma | $4.56M | 159/193 |
| Animal & marine products | $2.03M | 170/192 |
| Wood & paper products | $1.4M | 167/192 |
Top 10 imports
|
Grenada
|
Rank | |
|---|---|---|
| Business & finance services | $159M | 147/188 |
| Machinery & equipment | $156M | 176/193 |
| Raw materials & minerals | $131M | 169/193 |
| Transport & tourism services | $107M | 175/188 |
| Processed food, beverages & tobacco | $86.6M | 173/193 |
| Chemicals & pharma | $57.6M | 175/193 |
| Textiles & consumer goods | $55.3M | 173/193 |
| Animal & marine products | $40.8M | 162/193 |
| Metals | $40.7M | 175/193 |
| Wood & paper products | $33.3M | 163/193 |
Economic freedom indices
|
Grenada
|
Rank | |
|---|---|---|
| Economic freedom | 63 | 84/197 |
Other economic metrics
|
Grenada
|
Rank | |
|---|---|---|
| Services, % of GDP |
65.7%
2024 |
43/191 |
| Industry, % of GDP |
15.2%
2024 |
162/194 |
| Agriculture, forestry, and fishing, % of GDP |
2.95%
2024 |
129/193 |
|
GNI, Atlas method
|
$1.23B
2024 |
183/194 |
| GNI per capita, PPP |
$18,220
2024 |
98/191 |
| Total reserves including gold |
$423M
2024 |
161/177 |
|
Net foreign direct investment
|
-$223M
2024 |
85/189 |
|
Net inflows of foreign direct investment
|
$164M
2024 |
138/193 |
|
Net outflows of foreign direct investment
|
-$4.02M
2024 |
174/193 |
|
Servicing debt to the IMF, % of GNI
|
3.49%
2024 |
68/121 |
| Poverty at national poverty lines |
38%
2020 |
42/176 |
Compare Grenada vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/grenada | CC BY
Help us show the world through your eyes
Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.
Data sources:
- World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2022–2024, retrieved 2026-02-08)
- International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20)
- Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
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.