Grenada vs Palau: Economic Indicators Comparison

Grenada with a GDP of $1.2B ranked the 183rd largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Grenada and Palau ranked 70th vs 60th, respectively.

Gross Domestic Product & Income

Stat	Grenada	Palau
GDP	$1.2B	$284M
GDP growth, 1 year	4.18%	1.71%
GDP growth, 5-years average	N/A	N/A
Population	108k	22k
GDP per capita	$11k	$16k
GDP per capita growth	3.64%	1.14%
Purchasing Power Parity conversion factor	1.85	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	0.68	0.86
GDP per capita, PPP adjusted	$16k	$19k
GNI, Atlas method	$1.1B	$309.4M
GNI per capita	$9.7k	$17k
GNI, PPP adjusted	$1.6B	$349.4M
GNI per capita, PPP adjusted	$14k	$20k

Financial system and Human development

Stat	Grenada	Palau
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	0.8%	1.3%
Inflation, GDP deflator	1%	-2.5%
Unemployment	22.9%	1.4%
Economic Freedom Index	63	62
Personal Freedom Index	6	6.4
Human Freedom Index	6	6.4
Property Rights Index	N/A	N/A
Judical Effectiveness Index	N/A	N/A
Business Freedom Index	N/A	N/A
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	N/A
Corruption Perceptions Index	52	49
Life expectancy at birth, years	72.4	69.1
Suicide mortality rate, per 100,000 people	1.7	21.7
Mortality caused by road traffic injury, per 100,000 people	9.3	4.8
Intentional homicides, per 100,000 people	11.1	3.1
International tourism, number of arrivals	185k	106k

Government debt & reserves

Stat	Grenada	Palau
Central government debt, % of GDP	N/A	67.5%
External debt stocks, % of GNI	58.8%	N/A
External debt stocks	$644.9M	N/A
Short-term debt, % of total reserves	50.4%	N/A
Total debt service, % of exports and primary income	8.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	N/A	10.7%
Gross capital formation, % of GDP	N/A	26.7%
Total reserves including gold	$233.8M	N/A
Foreign direct investment net inflows	$153.7M	$21.5M

Exports, imports and economic structure

Stat	Grenada	Palau
Exports of goods and services, % of GDP	54.2%	47%
Imports of goods and services, % of GDP	55.2%	76.3%
Current account balance (balance of payments)	-$116.3M	-$51.8M
Revenue excluding grants, % of GDP	N/A	27.3%
Grants excluding technical cooperation, BoP	$250k	$81.2M
Personal remittances received	$48.5M	$2.2M
Industry including construction value added, % of GDP	13.3%	8%
Agriculture, forestry and fishing value added, % of GDP	5.2%	3.2%
Charges for the use of intellectual property, payments BoP	$9.3M	N/A
Charges for the use of intellectual property, receipts BoP	$56k	N/A
Expense, % of GDP	N/A	41.4%
Government Expenditure, % of GDP	N/A	N/A