Grenada vs Laos: Economic Indicators Comparison

Laos with a GDP of $18B ranked the 118th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Laos and Grenada ranked 140th vs 70th, respectively.

Gross Domestic Product & Income

StatGrenadaLaos
GDP$1.2B$18B
GDP growth, 1 year4.18%6.5%
GDP growth, 5-years averageN/A7%
Population108k6.9M
GDP per capita$11k$2.5k
GDP per capita growth3.64%4.62%
Purchasing Power Parity conversion factor1.852901.2
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.34
GDP per capita, PPP adjusted$16k$7.9k
GNI, Atlas method$1.1B$17.3B
GNI per capita$9.7k$2.5k
GNI, PPP adjusted$1.6B$50.1B
GNI per capita, PPP adjusted$14k$7.1k

Financial system and Human development

StatGrenadaLaos
Income Tax RateN/A24%
Corporate Tax RateN/A24%
Inflation, consumer prices0.8%2%
Inflation, GDP deflator1%1.9%
Unemployment22.9%0.6%
Economic Freedom Index6355.5
Personal Freedom Index65.8
Human Freedom Index66.2
Property Rights IndexN/A42.5
Judical Effectiveness IndexN/A37.3
Business Freedom IndexN/A54.3
Fiscal Health IndexN/A53.3
Labor Freedom IndexN/A58.6
Investment Freedom IndexN/A35
Financial Freedom IndexN/A20
Trade Freedom IndexN/A82
Monetary Freedom IndexN/A76.8
Government Spending IndexN/A86.6
Tax Burden IndexN/A87
Government Integrity IndexN/A32
Corruption Perceptions Index5229
Life expectancy at birth, years72.467.3
Suicide mortality rate, per 100,000 people1.78.6
Mortality caused by road traffic injury, per 100,000 people9.316.6
Intentional homicides, per 100,000 people11.17
International tourism, number of arrivals185k3.8M

Government debt & reserves

StatGrenadaLaos
Central government debt, % of GDPN/A63%
External debt stocks, % of GNI58.8%90.2%
External debt stocks$644.9M$15.6B
Short-term debt, % of total reserves50.4%41.2%
Total debt service, % of exports and primary income8.4%14.6%
Adjusted net savings including particulate emission damage, % of GNIN/A-1.2%
Gross savings, % of GDPN/A17.6%
Gross capital formation, % of GDPN/A29%
Total reserves including gold$233.8M$980.4M
Foreign direct investment net inflows$153.7M$1.3B

Exports, imports and economic structure

StatGrenadaLaos
Exports of goods and services, % of GDP54.2%33.2%
Imports of goods and services, % of GDP55.2%41.9%
Current account balance (balance of payments)-$116.3M-$1.4B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$250k$337.3M
Personal remittances received$48.5M$238.7M
Industry including construction value added, % of GDP13.3%31.5%
Agriculture, forestry and fishing value added, % of GDP5.2%15.7%
Charges for the use of intellectual property, payments BoP$9.3MN/A
Charges for the use of intellectual property, receipts BoP$56kN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDPN/A21.1%

Compare with countries close by GDP per capita

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

Laos vs

CountryGDP
per capita
Population
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M