Grenada vs Montenegro: Economic Indicators Comparison

Montenegro with a GDP of $5.5B ranked the 153rd largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Montenegro and Grenada ranked 81st vs 70th, respectively.

Gross Domestic Product & Income

StatGrenadaMontenegro
GDP$1.2B$5.5B
GDP growth, 1 year4.18%4.5%
GDP growth, 5-years averageN/A3.5%
Population108k622k
GDP per capita$11k$8.8k
GDP per capita growth3.64%5.08%
Purchasing Power Parity conversion factor1.850.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.43
GDP per capita, PPP adjusted$16k$19k
GNI, Atlas method$1.1B$5.2B
GNI per capita$9.7k$8.4k
GNI, PPP adjusted$1.6B$13B
GNI per capita, PPP adjusted$14k$21k

Financial system and Human development

StatGrenadaMontenegro
Income Tax RateN/A9%
Corporate Tax RateN/A9%
Inflation, consumer prices0.8%2.6%
Inflation, GDP deflator1%3.2%
Unemployment22.9%15.5%
Economic Freedom Index6361.5
Personal Freedom Index68.12
Human Freedom Index67.67
Property Rights IndexN/A59.1
Judical Effectiveness IndexN/A55.3
Business Freedom IndexN/A70.8
Fiscal Health IndexN/A23.4
Labor Freedom IndexN/A74.8
Investment Freedom IndexN/A75
Financial Freedom IndexN/A50
Trade Freedom IndexN/A83.8
Monetary Freedom IndexN/A80.3
Government Spending IndexN/A32.1
Tax Burden IndexN/A85.4
Government Integrity IndexN/A47.5
Corruption Perceptions Index5245
Life expectancy at birth, years72.476.7
Suicide mortality rate, per 100,000 people1.710.3
Mortality caused by road traffic injury, per 100,000 people9.310.7
Intentional homicides, per 100,000 people11.12.4
International tourism, number of arrivals185k2.1M

Government debt & reserves

StatGrenadaMontenegro
Central government debt, % of GDPN/A72.1%
External debt stocks, % of GNI58.8%144.1%
External debt stocks$644.9M$8B
Short-term debt, % of total reserves50.4%17.2%
Total debt service, % of exports and primary income8.4%63.7%
Adjusted net savings including particulate emission damage, % of GNIN/AN/A
Gross savings, % of GDPN/A14.9%
Gross capital formation, % of GDPN/A31.9%
Total reserves including gold$233.8M$1.2B
Foreign direct investment net inflows$153.7M$485.7M

Exports, imports and economic structure

StatGrenadaMontenegro
Exports of goods and services, % of GDP54.2%42.9%
Imports of goods and services, % of GDP55.2%66.7%
Current account balance (balance of payments)-$116.3M-$943M
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$250k$57.7M
Personal remittances received$48.5M$588.9M
Industry including construction value added, % of GDP13.3%15.9%
Agriculture, forestry and fishing value added, % of GDP5.2%6.7%
Charges for the use of intellectual property, payments BoP$9.3M$6M
Charges for the use of intellectual property, receipts BoP$56k$432k
Expense, % of GDPN/AN/A
Government Expenditure, % of GDPN/A47.6%

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
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M

Montenegro vs

CountryGDP
per capita
Population
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
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M