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Economy of Grenada vs Pakistan compared: GDP & Debt

Updated on by Georank

Grenada has a GDP of $1.42B compared to $407B for Pakistan, ranking 184/197 and 41/197 by economy size, respectively.

Grenada has $1.02B in government debt (71.6% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Grenada vs Pakistan GDP by year

Grenada
Pakistan
1x
Year GDP, current $
Grenada Pakistan
2025 $1,420,173,229 $407,307,214,476
2024 $1,351,270,370 $371,747,087,751
2023 $1,336,418,519 $336,686,348,609
2022 $1,224,007,407 $374,890,295,667
2021 $1,122,222,222 $348,516,647,445
2020 $1,043,411,111 $300,425,609,818
2019 $1,213,485,185 $320,909,472,771
2018 $1,166,514,815 $356,128,166,705
2017 $1,125,685,185 $339,205,534,861
2016 $1,061,640,741 $313,630,000,130
2015 $997,007,407 $299,963,590,535
2014 $911,496,296 $271,390,474,858
2013 $842,618,519 $258,657,231,672
2012 $799,881,481 $250,106,966,105
2011 $778,655,556 $230,586,581,060
2010 $771,014,815 $196,709,621,850
2009 $771,275,556 $187,337,783,856
2008 $825,976,037 $202,203,748,584
2007 $758,683,593 $184,140,869,997
2006 $698,700,667 $161,871,385,506
2005 $695,555,556 $145,208,562,961
2004 $599,118,593 $132,216,048,339
2003 $591,018,407 $112,371,913,741
2002 $540,336,926 $97,923,302,809
2001 $520,444,185 $97,145,618,480
2000 $520,044,370 $99,484,802,345
1999 $482,009,370 $62,973,857,069
1998 $445,903,593 $62,191,955,814
1997 $392,190,593 $62,433,340,468
1996 $366,911,444 $63,320,170,084
1995 $342,172,519 $60,636,071,684
1994 $325,111,815 $52,293,470,813
1993 $309,812,185 $51,809,999,353
1992 $310,160,444 $48,884,671,947
1991 $300,757,889 $45,625,336,680
1990 $278,098,763 $40,010,423,970
1989 $267,327,642 $40,171,106,279
1988 $236,357,524 $38,472,742,808
1987 $215,009,570 $33,351,529,275
1986 $187,589,523 $31,899,070,056
1985 $167,728,455 $31,144,920,844
1984 $145,533,311 $31,151,825,467
1983 $131,803,552 $28,691,889,764
1982 $125,435,590 $30,725,971,564
1981 $115,651,919 $28,100,606,061
1980 $110,900,457 $23,654,444,444
1979 $102,244,362 $19,688,383,838
1978 $88,322,386 $17,811,515,152
1977 $71,494,495 $15,126,060,606
1976 - $13,168,080,808
1975 - $11,230,606,061
1974 - $8,899,191,919
1973 - $6,383,429,490
1972 - $9,415,016,360
1971 - $10,665,896,682
1970 - $10,027,509,450
1969 - $8,683,116,338
1968 - $8,041,999,160
1967 - $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Grenada vs Pakistan by year

Grenada
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Grenada Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,107 - $1,596 -
2024 $11,529 $20,178 $1,479 $6,252
2023 $11,414 $18,971 $1,360 $6,014
2022 $10,469 $17,544 $1,538 $5,920
2021 $9,617 $15,290 $1,455 $5,367
2020 $8,969 $14,361 $1,278 $5,048
2019 $10,463 $16,446 $1,390 $5,038
2018 $10,083 $15,975 $1,569 $4,979
2017 $9,751 $15,041 $1,519 $4,790
2016 $9,221 $13,978 $1,425 $4,631
2015 $8,694 $13,214 $1,380 $4,480
2014 $7,986 $12,229 $1,267 $4,313
2013 $7,425 $11,199 $1,225 $4,174
2012 $7,093 $10,575 $1,204 $4,047
2011 $6,947 $10,592 $1,132 $3,880
2010 $6,910 $10,344 $987 $3,786
2009 $6,933 $10,303 $964 $3,777
2008 $7,448 $11,001 $1,067 $3,721
2007 $6,865 $10,728 $998 $3,672
2006 $6,344 $9,877 $901 $3,515
2005 $6,339 $10,016 $828 $3,293
2004 $5,480 $8,606 $772 $3,048
2003 $5,428 $8,469 $672 $2,822
2002 $4,984 $7,621 $600 $2,688
2001 $4,820 $7,283 $610 $2,644
2000 $4,840 $7,306 $642 $2,565
1999 $4,516 $6,857 $418 $2,475
1998 $4,206 $6,368 $424 $2,419
1997 $3,725 $5,673 $438 $2,398
1996 $3,508 $5,347 $457 $2,401
1995 $3,294 $5,062 $451 $2,315
1994 $3,152 $4,889 $400 $2,224
1993 $3,026 $4,742 $408 $2,160
1992 $3,053 $4,761 $396 $2,132
1991 $2,984 $4,733 $380 $1,992
1990 $2,782 $4,553 $344 $1,895
1989 $2,697 - $358 -
1988 $2,404 - $354 -
1987 $2,205 - $317 -
1986 $1,938 - $314 -
1985 $1,745 - $317 -
1984 $1,524 - $327 -
1983 $1,388 - $311 -
1982 $1,329 - $345 -
1981 $1,230 - $328 -
1980 $1,173 - $287.4 -
1979 $1,071 - $249.2 -
1978 $917 - $233.4 -
1977 $737 - $204.7 -
1976 - - $183.9 -
1975 - - $161.7 -
1974 - - $132 -
1973 - - $97.5 -
1972 - - $148.1 -
1971 - - $172.5 -
1970 - - $166.7 -
1969 - - $148.5 -
1968 - - $141.6 -
1967 - - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Grenada's GDP per capita is $12,107, ranking 82/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Grenada ranks 96th at $20,178, while Pakistan ranks 150th at $6,252.

Economic indicators

Grenada Pakistan
Gross domestic product
$1.42B
2025
$407B
2025
GDP rank
184/197
2025
41/197
2025
GDP growth
4.41%
2024-2025
3.7%
2024-2025
GDP per capita
$12,107
2025
$1,596
2025
GDP per capita rank
82/197
2025
164/197
2025
GDP per capita, PPP
$20,178
2024
$6,252
2024
GDP per capita PPP rank
96/197
2024
150/197
2024
Government debt
$1.02B
2025
$297B
2025
Debt-to-GDP ratio
71.6%
2025
72.8%
2025
Government debt per person
$8,671
2025
$1,162
2025
Government debt per person rank
65/185
2025
138/185
2025
Average annual personal income after taxes
$11,184
2026
$1,775
2026
Market capitalization of domestic companies n/a
$70.3B
2025
Income share by richest 10%
33.7%
2018
27.7%
2024
Income share by poorest 10%
2.1%
2018
3.4%
2024
Government expenditure, % of GDP
39.1%
2025
21.2%
2025
Consumer prices inflation
0.61%
2024-2025
3.55%
2024-2025
Central bank interest rate n/a
11.5%
2026
Unemployment rate
6.34%
2023
6.96%
2025
Population
117405
261421997

Spending and national debt comparison by year

Grenada
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Grenada Pakistan
Government spending Government debt Government spending Government debt
2025 39.1% 71.6% 21.2% 72.8%
2024 38.3% 75.1% 19.4% 70.2%
2023 28.7% 74.5% 19.3% 78.5%
2022 32% 79.3% 20% 77.3%
2021 31.3% 86.6% 18.5% 74.7%
2020 32.7% 89.5% 20.3% 80.8%
2019 21.6% 62.7% 19.1% 78.7%
2018 22.1% 68.5% 19.1% 66.3%
2017 22.6% 70.3% 19.1% 62.1%
2016 23.5% 81.6% 17.7% 62.1%
2015 25.3% 90.1% 17.8% 59.1%
2014 28.7% 99.3% 18.1% 58.8%
2013 28.1% 105.4% 19.5% 59.2%
2012 26.2% 101.5% 19.4% 58.4%
2011 28.3% 102.8% 17.9% 56.2%
2010 28% 96.2% 18.3% 56.7%
2009 27.2% 91.1% 17.3% 54.6%
2008 27.9% 83.9% 18% 49.5%
2007 27.7% 89.1% 16.1% 44.2%
2006 32.4% 92.9% 14.5% 46.2%
2005 26.6% 87.3% 13% 47.9%
2004 24.7% 94.7% 12.1% 50.6%
2003 28.7% 79.6% 12.9% 56.3%
2002 35.7% 79.1% 14.4% 60.5%
2001 29.6% 44.6% 12.9% 65.1%
2000 25.6% 41.6% 13.8% 61.7%
1999 23.7% 34.5% 13.2% 60.7%
1998 25.3% 40.3% 14.1% 53.8%
1997 26.6% 41.4% 13.7% 52.8%
1996 26.3% 43.9% 15% 52.5%
1995 23.2% 43.1% 14% 52.3%
1994 24.7% 45.7% 14.5% 58.5%
1993 23.1% 45.3% 17% 57.9%
1992 21.8% 40.1% 22.6% 53.3%
1991 26.8% 42% 21.4% 55.8%
1990 29% 46.2% 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-07-08).

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

In 2025, Grenada's government spending was $556M, accounting for 39.1% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 71.6% in Grenada and 72.8% in Pakistan, ranking 54/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Grenada

Pakistan
1x
Year Deficit/surplus, % of GDP
Grenada Pakistan
2025 -5.01% -5.37%
2024 6.88% -6.79%
2023 7.94% -7.76%
2022 0.93% -7.84%
2021 0.33% -6.04%
2020 -4.55% -7.03%
2019 4.96% -7.79%
2018 4.92% -5.67%
2017 3.02% -5.17%
2016 2.69% -3.92%
2015 -0.8% -4.74%
2014 -4.2% -4.37%
2013 -7.25% -7.48%
2012 -5.44% -7.74%
2011 -4.86% -6.23%
2010 -4.07% -5.42%
2009 -4.4% -4.53%
2008 -3.72% -5.94%
2007 -5.91% -4.23%
2006 -5.23% -2.79%
2005 0.9% -2.29%
2004 -0.57% -1.29%
2003 -2.81% -0.12%
2002 -13.9% -2.64%
2001 -6.05% -2.45%
2000 -2.07% -3.21%
1999 -1.7% -3.07%
1998 -2.39% -4.46%
1997 -4.94% -3.87%
1996 -3.02% -4.33%
1995 -0.46% -3.9%
1994 -2.85% -3.63%
1993 -0.16% -5.53%
1992 -1.46% -11.3%
1991 -4.34% -10.8%
1990 -7.78% -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

GeoRank.org/economy/grenada/pakistan | 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 Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 36 years, Grenada recorded a fiscal deficit in 27 of those years, while Pakistan ran a deficit in 36 years. On average, Grenada posted an annual deficit equal to 2.15% of GDP, compared to deficit of 5.32% of GDP for Pakistan.

Inflation comparison by year

Inflation
Grenada

Pakistan
1x
Year Consumer prices inflation
Grenada Pakistan
2025 0.61% 3.55%
2024 1.09% 12.6%
2023 2.7% 30.8%
2022 2.58% 19.9%
2021 1.22% 9.5%
2020 -0.74% 9.74%
2019 0.6% 10.6%
2018 0.8% 5.08%
2017 0.91% 4.09%
2016 1.65% 3.77%
2015 -0.52% 2.53%
2014 -0.98% 7.19%
2013 -0.04% 7.69%
2012 2.41% 9.68%
2011 3.03% 11.9%
2010 3.44% 12.9%
2009 -0.31% 13.6%
2008 8.03% 20.3%
2007 3.86% 7.6%
2006 4.25% 7.92%
2005 3.48% 9.06%
2004 2.31% 7.44%
2003 2.15% 2.91%
2002 1.07% 3.29%
2001 3.14% 3.15%
2000 2.18% 4.37%
1999 0.58% 4.14%
1998 1.38% 6.23%
1997 1.24% 11.4%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Grenada has recorded an average annual inflation rate of 1.8%, compared with 9.07% in Pakistan. In 2025, inflation was 0.61% in Grenada and 3.55% in Pakistan.

Top exports between countries

Grenada
Export category Export value
Pakistan
Export category Export value
Textiles & consumer goods $222K
Chemicals & pharma $116K
Machinery & equipment $1K
Raw materials & minerals $1K

Balance of trade

Grenada Pakistan
Current account balance
-$328M
2025
-$448M
2025
Current account balance ranking
97/190
2025
102/190
2025
Current account balance, % of GDP
-23.1%
2025
-0.11%
2025
Goods imports
$612M
2025
$62.6B
2025
Goods exports
$67.4M
2025
$31.5B
2025
Service imports
$397M
2025
$12B
2025
Service exports
$756M
2025
$9.09B
2025
Imports of goods and services, % of GDP n/a
17.2%
2025
Exports of goods and services, % of GDP
16%
2026
9.99%
2025

Economic freedom indices

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

Grenada Pakistan
Economic freedom 63 48.9
Economic freedom ranking 84/197 168/197
Property rights n/a 25.7
Government integrity n/a 26.3
Judicial effectiveness n/a 27.6
Tax burden n/a 78.2
Government spending n/a 88.5
Fiscal health n/a 10.1
Business freedom n/a 54.4
Labor freedom n/a 51.7
Monetary freedom n/a 54.1
Trade freedom n/a 70.4
Investment freedom n/a 60
Financial freedom n/a 40

Other economic metrics

Grenada Pakistan
Services, % of GDP
64.9%
2025
50.9%
2025
Industry, % of GDP
15.5%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.54%
2025
23%
2025
GNI, Atlas method
$1.37B
2025
$382B
2025
GNI per capita, PPP
$20,170
2025
$6,430
2025
Total reserves including gold
$408M
2025
$26.5B
2025
Total reserves ranking
164/177
2025
62/177
2025
Net foreign direct investment
-$174M
2025
-$1.58B
2025
Net inflows of foreign direct investment
$164M
2024
$2.66B
2024
Net outflows of foreign direct investment
-$4.02M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
3.4%
2024
4.5%
2024
Poverty at national poverty lines
38%
2020
21.9%
2018
Gross capital formation, % of GDP n/a
14.3%
2025

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/pakistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.