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Economy of Grenada vs Kazakhstan compared: GDP & Debt

Updated on by Georank

Grenada has a GDP of $1.42B compared to $306B for Kazakhstan, ranking 184/197 and 49/197 by economy size, respectively.

Grenada has $1.02B in government debt (71.6% of GDP), compared to $75.2B (24.6% of GDP) in Kazakhstan.

Grenada vs Kazakhstan GDP by year

Grenada
Kazakhstan
1x
Year GDP, current $
Grenada Kazakhstan
2025 $1,420,173,229 $306,239,209,650
2024 $1,351,270,370 $291,480,274,649
2023 $1,336,418,519 $261,840,101,060
2022 $1,224,007,407 $225,496,328,925
2021 $1,122,222,222 $197,112,255,361
2020 $1,043,411,111 $171,082,365,861
2019 $1,213,485,185 $181,667,184,855
2018 $1,166,514,815 $179,339,977,690
2017 $1,125,685,185 $166,805,788,827
2016 $1,061,640,741 $137,278,320,084
2015 $997,007,407 $184,388,404,706
2014 $911,496,296 $221,415,613,595
2013 $842,618,519 $236,634,603,409
2012 $799,881,481 $207,998,568,866
2011 $778,655,556 $192,626,464,617
2010 $771,014,815 $148,047,348,241
2009 $771,275,556 $115,308,686,941
2008 $825,976,037 $133,441,648,852
2007 $758,683,593 $104,849,915,058
2006 $698,700,667 $81,003,864,630
2005 $695,555,556 $57,123,671,734
2004 $599,118,593 $43,151,647,003
2003 $591,018,407 $30,833,692,900
2002 $540,336,926 $24,636,598,527
2001 $520,444,185 $22,152,689,180
2000 $520,044,370 $18,291,990,662
1999 $482,009,370 $16,870,817,182
1998 $445,903,593 $22,135,245,507
1997 $392,190,593 $22,165,932,063
1996 $366,911,444 $21,035,357,937
1995 $342,172,519 $20,374,302,652
1994 $325,111,815 $21,250,792,886
1993 $309,812,185 $23,409,260,880
1992 $310,160,444 $24,917,355,372
1991 $300,757,889 $24,923,076,923
1990 $278,098,763 $26,932,016,270
1989 $267,327,642 -
1988 $236,357,524 -
1987 $215,009,570 -
1986 $187,589,523 -
1985 $167,728,455 -
1984 $145,533,311 -
1983 $131,803,552 -
1982 $125,435,590 -
1981 $115,651,919 -
1980 $110,900,457 -
1979 $102,244,362 -
1978 $88,322,386 -
1977 $71,494,495 -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

GDP per capita in Grenada vs Kazakhstan by year

Grenada
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Grenada Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,107 - $14,692 -
2024 $11,529 $20,178 $14,155 $40,891
2023 $11,414 $18,971 $12,879 $38,515
2022 $10,469 $17,544 $11,255 $35,895
2021 $9,617 $15,290 $9,984 $32,946
2020 $8,969 $14,361 $8,782 $29,040
2019 $10,463 $16,446 $9,457 $28,689
2018 $10,083 $15,975 $9,472 $25,096
2017 $9,751 $15,041 $8,943 $23,973
2016 $9,221 $13,978 $7,476 $23,023
2015 $8,694 $13,214 $10,196 $22,484
2014 $7,986 $12,229 $12,428 $23,958
2013 $7,425 $11,199 $13,478 $23,754
2012 $7,093 $10,575 $12,019 $21,367
2011 $6,947 $10,592 $11,287 $20,160
2010 $6,910 $10,344 $8,793 $18,642
2009 $6,933 $10,303 $6,938 $17,389
2008 $7,448 $11,001 $8,124 $17,278
2007 $6,865 $10,728 $6,449 $16,581
2006 $6,344 $9,877 $5,030 $14,966
2005 $6,339 $10,016 $3,577 $13,226
2004 $5,480 $8,606 $2,722 $11,777
2003 $5,428 $8,469 $1,958 $10,532
2002 $4,984 $7,621 $1,574 $9,504
2001 $4,820 $7,283 $1,422 $8,568
2000 $4,840 $7,306 $1,180 $7,418
1999 $4,516 $6,857 $1,092 $6,626
1998 $4,206 $6,368 $1,415 $6,284
1997 $3,725 $5,673 $1,382 $6,178
1996 $3,508 $5,347 $1,281 $5,836
1995 $3,294 $5,062 $1,218 $5,595
1994 $3,152 $4,889 $1,247 $5,860
1993 $3,026 $4,742 $1,355 $6,477
1992 $3,053 $4,761 $1,438 $6,945
1991 $2,984 $4,733 $1,442 $7,193
1990 $2,782 $4,553 $1,570 $7,874
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 (1977–2025, retrieved 2026-07-08).

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

Grenada's GDP per capita is $12,107, ranking 82/197, compared to $14,692 in Kazakhstan, ranking 73/197. Adjusted for purchasing power (GDP per capita PPP), Grenada ranks 96th at $20,178, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Grenada Kazakhstan
Gross domestic product
$1.42B
2025
$306B
2025
GDP rank
184/197
2025
49/197
2025
GDP growth
4.41%
2024-2025
6.5%
2024-2025
GDP per capita
$12,107
2025
$14,692
2025
GDP per capita rank
82/197
2025
73/197
2025
GDP per capita, PPP
$20,178
2024
$40,891
2024
GDP per capita PPP rank
96/197
2024
58/197
2024
Government debt
$1.02B
2025
$75.2B
2025
Debt-to-GDP ratio
71.6%
2025
24.6%
2025
Government debt per person
$8,671
2025
$3,609
2025
Government debt per person rank
65/185
2025
96/185
2025
Average annual personal income after taxes
$11,184
2026
$8,395
2026
Market capitalization of domestic companies n/a
$158B
2025
Number of millionaires n/a
44,307
2024
Number of billionaires n/a
6
2026
Income share by richest 10%
33.7%
2018
24.8%
2021
Income share by poorest 10%
2.1%
2018
4.3%
2021
Government expenditure, % of GDP
39.1%
2025
21.8%
2025
Consumer prices inflation
0.61%
2024-2025
11.4%
2024-2025
Central bank interest rate n/a
17%
2026
Unemployment rate
6.34%
2023
4.9%
2022
Population
117405
21211812

Spending and national debt comparison by year

Grenada
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Grenada Kazakhstan
Government spending Government debt Government spending Government debt
2025 39.1% 71.6% 21.8% 24.6%
2024 38.3% 75.1% 22.7% 24.4%
2023 28.7% 74.5% 23.4% 23%
2022 32% 79.3% 21.7% 23.5%
2021 31.3% 86.6% 22.1% 25.1%
2020 32.7% 89.5% 24.5% 26.4%
2019 21.6% 62.7% 20.2% 19.9%
2018 22.1% 68.5% 18.8% 20.3%
2017 22.6% 70.3% 24.1% 19.9%
2016 23.5% 81.6% 21.5% 19.7%
2015 25.3% 90.1% 22.9% 21.9%
2014 28.7% 99.3% 21.3% 14.5%
2013 28.1% 105.4% 19.8% 12.6%
2012 26.2% 101.5% 21.9% 12.1%
2011 28.3% 102.8% 21.2% 10.2%
2010 28% 96.2% 22.5% 10.7%
2009 27.2% 91.1% 23.5% 10.2%
2008 27.9% 83.9% 27.1% 6.77%
2007 27.7% 89.1% 23.7% 4.09%
2006 32.4% 92.9% 19.8% 6.68%
2005 26.6% 87.3% 22% 8.1%
2004 24.7% 94.7% 21.3% 11.4%
2003 28.7% 79.6% 21.4% 15%
2002 35.7% 79.1% 20.5% 17.6%
2001 29.6% 44.6% - -
2000 25.6% 41.6% - -
1999 23.7% 34.5% - -
1998 25.3% 40.3% - -
1997 26.6% 41.4% - -
1996 26.3% 43.9% - -
1995 23.2% 43.1% - -
1994 24.7% 45.7% - -
1993 23.1% 45.3% - -
1992 21.8% 40.1% - -
1991 26.8% 42% - -
1990 29% 46.2% - -

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

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

In 2025, Grenada's government spending was $556M, accounting for 39.1% of its GDP, while Kazakhstan spent $66.9B, or 21.8% of GDP.

Debt-to-GDP ratio is 71.6% in Grenada and 24.6% in Kazakhstan, ranking 54/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Grenada

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Grenada Kazakhstan
2025 -5.01% -3.11%
2024 6.88% -3.43%
2023 7.94% -1.41%
2022 0.93% 0.11%
2021 0.33% -4.97%
2020 -4.55% -7.04%
2019 4.96% -0.57%
2018 4.92% 2.58%
2017 3.02% -4.27%
2016 2.69% -4.5%
2015 -0.8% -6.26%
2014 -4.2% 2.48%
2013 -7.25% 4.95%
2012 -5.44% 4.43%
2011 -4.86% 5.81%
2010 -4.07% 1.47%
2009 -4.4% -1.33%
2008 -3.72% 1.23%
2007 -5.91% 5.13%
2006 -5.23% 7.65%
2005 0.9% 6.08%
2004 -0.57% 3.29%
2003 -2.81% 4%
2002 -13.9% 1.92%
2001 -6.05% -
2000 -2.07% -
1999 -1.7% -
1998 -2.39% -
1997 -4.94% -
1996 -3.02% -
1995 -0.46% -
1994 -2.85% -
1993 -0.16% -
1992 -1.46% -
1991 -4.34% -
1990 -7.78% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Grenada's government deficit, the difference between spending and revenue, was $71.1M, equivalent to 5.01% of GDP. This compares to Kazakhstan's deficit of $9.54B, or 3.11% of GDP.

Over the past 24 years, Grenada recorded a fiscal deficit in 15 of those years, while Kazakhstan ran a deficit in 10 years. On average, Grenada posted an annual deficit equal to 1.67% of GDP, compared to surplus of 0.59% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Grenada

Kazakhstan
1x
Year Consumer prices inflation
Grenada Kazakhstan
2025 0.61% 11.4%
2024 1.09% 8.7%
2023 2.7% 14.5%
2022 2.58% 15%
2021 1.22% 8%
2020 -0.74% 6.8%
2019 0.6% 5.3%
2018 0.8% 6%
2017 0.91% 7.5%
2016 1.65% 14.6%
2015 -0.52% 6.8%
2014 -0.98% 6.6%
2013 -0.04% 5.8%
2012 2.41% 5.1%
2011 3.03% 8.4%
2010 3.44% 7.1%
2009 -0.31% 7.3%
2008 8.03% 17.2%
2007 3.86% 10.8%
2006 4.25% 8.6%
2005 3.48% 7.4%
2004 2.31% 7%
2003 2.15% 6.4%
2002 1.07% 6%
2001 3.14% 8.4%
2000 2.18% 13.2%
1999 0.58% 8.3%
1998 1.38% 7.1%
1997 1.24% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Grenada has recorded an average annual inflation rate of 1.8%, compared with 9.06% in Kazakhstan. In 2025, inflation was 0.61% in Grenada and 11.4% in Kazakhstan.

Balance of trade

Grenada Kazakhstan
Current account balance
-$328M
2025
-$12.5B
2025
Current account balance ranking
97/190
2025
177/190
2025
Current account balance, % of GDP
-23.1%
2025
-4.07%
2025
Goods imports
$612M
2025
$66.3B
2025
Goods exports
$67.4M
2025
$77.3B
2025
Service imports
$397M
2025
$14B
2025
Service exports
$756M
2025
$12.8B
2025
Imports of goods and services, % of GDP n/a
25.6%
2024
Exports of goods and services, % of GDP
16%
2026
31.6%
2024

Economic freedom indices

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

Grenada Kazakhstan
Economic freedom 63 64.2
Economic freedom ranking 84/197 75/197
Property rights n/a 54.9
Government integrity n/a 40.7
Judicial effectiveness n/a 33.8
Tax burden n/a 91.2
Government spending n/a 85.6
Fiscal health n/a 97.2
Business freedom n/a 64.9
Labor freedom n/a 63.5
Monetary freedom n/a 64.3
Trade freedom n/a 74.4
Investment freedom n/a 50
Financial freedom n/a 50

Other economic metrics

Grenada Kazakhstan
Services, % of GDP
64.9%
2025
57.7%
2025
Industry, % of GDP
15.5%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
2.54%
2025
3.74%
2025
GNI, Atlas method
$1.37B
2025
$286B
2025
GNI per capita, PPP
$20,170
2025
$41,090
2025
Total reserves including gold
$408M
2025
$66.1B
2025
Total reserves ranking
164/177
2025
40/177
2025
Net foreign direct investment
-$174M
2025
$1.38B
2025
Net inflows of foreign direct investment
$164M
2024
$2.09B
2024
Net outflows of foreign direct investment
-$4.02M
2024
-$1.9B
2024
Servicing debt to the IMF, % of GNI
3.4%
2024
17.3%
2024
Poverty at national poverty lines
38%
2020
5%
2024
Gross capital formation, % of GDP n/a
27.2%
2024

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/grenada/kazakhstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-07-08)
  8. 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.