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Economy of Grenada vs Samoa compared: GDP & Debt

Updated on by Georank

Grenada has a GDP of $1.42B compared to $1.29B for Samoa, ranking 184/197 and 186/197 by economy size, respectively.

Grenada has $1.02B in government debt (71.6% of GDP), compared to $273M (21.2% of GDP) in Samoa.

Grenada vs Samoa GDP by year

Grenada
Samoa
1x
Year GDP, current $
Grenada Samoa
2025 $1,420,173,229 $1,287,936,622
2024 $1,351,270,370 $1,175,749,786
2023 $1,336,418,519 $1,044,909,500
2022 $1,224,007,407 $889,554,712
2021 $1,122,222,222 $859,724,936
2020 $1,043,411,111 $868,884,903
2019 $1,213,485,185 $912,950,466
2018 $1,166,514,815 $878,448,433
2017 $1,125,685,185 $884,844,384
2016 $1,061,640,741 $843,924,797
2015 $997,007,407 $824,150,499
2014 $911,496,296 $796,683,520
2013 $842,618,519 $797,736,334
2012 $799,881,481 $773,141,661
2011 $778,655,556 $744,097,050
2010 $771,014,815 $680,260,907
2009 $771,275,556 $628,006,115
2008 $825,976,037 $641,346,192
2007 $758,683,593 $573,548,460
2006 $698,700,667 $499,923,758
2005 $695,555,556 $476,801,793
2004 $599,118,593 $407,747,565
2003 $591,018,407 $333,426,188
2002 $540,336,926 $281,790,134
2001 $520,444,185 $266,299,591
2000 $520,044,370 $258,856,140
1999 $482,009,370 $255,408,060
1998 $445,903,593 $269,485,244
1997 $392,190,593 $285,475,592
1996 $366,911,444 $249,907,869
1995 $342,172,519 $224,865,731
1994 $325,111,815 $221,098,107
1993 $309,812,185 $133,122,897
1992 $310,160,444 $132,303,041
1991 $300,757,889 $125,597,205
1990 $278,098,763 $125,766,270
1989 $267,327,642 $122,888,610
1988 $236,357,524 $133,016,065
1987 $215,009,570 $111,713,922
1986 $187,589,523 $100,947,849
1985 $167,728,455 $95,572,173
1984 $145,533,311 $109,200,934
1983 $131,803,552 $111,862,824
1982 $125,435,590 $121,221,652
1981 $115,651,919 $118,190,655
1980 $110,900,457 $125,747,038
1979 $102,244,362 $122,257,393
1978 $88,322,386 $108,223,444
1977 $71,494,495 $98,295,671
1976 - $85,003,078
1975 - $93,489,283
1974 - $93,549,611
1973 - $82,452,985
1972 - $62,566,116
1971 - $53,719,569
1970 - $45,208,338

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Grenada vs Samoa by year

Grenada
GDP per capita

GDP per capita, PPP
Samoa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Grenada Samoa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,107 - $5,873 -
2024 $11,529 $20,178 $5,393 $8,737
2023 $11,414 $18,971 $4,823 $8,195
2022 $10,469 $17,544 $4,132 $6,909
2021 $9,617 $15,290 $4,022 $6,350
2020 $8,969 $14,361 $4,100 $6,451
2019 $10,463 $16,446 $4,352 $6,638
2018 $10,083 $15,975 $4,232 $6,318
2017 $9,751 $15,041 $4,308 $6,280
2016 $9,221 $13,978 $4,147 $6,141
2015 $8,694 $13,214 $4,084 $5,682
2014 $7,986 $12,229 $3,983 $5,468
2013 $7,425 $11,199 $4,024 $5,387
2012 $7,093 $10,575 $3,935 $5,339
2011 $6,947 $10,592 $3,822 $5,494
2010 $6,910 $10,344 $3,524 $5,229
2009 $6,933 $10,303 $3,279 $4,906
2008 $7,448 $11,001 $3,374 $4,939
2007 $6,865 $10,728 $3,039 $4,713
2006 $6,344 $9,877 $2,663 $4,592
2005 $6,339 $10,016 $2,550 $4,379
2004 $5,480 $8,606 $2,189 $3,997
2003 $5,428 $8,469 $1,798 $3,792
2002 $4,984 $7,621 $1,528 $3,553
2001 $4,820 $7,283 $1,454 $3,335
2000 $4,840 $7,306 $1,425 $3,062
1999 $4,516 $6,857 $1,417 $2,871
1998 $4,206 $6,368 $1,506 $2,792
1997 $3,725 $5,673 $1,608 $2,722
1996 $3,508 $5,347 $1,419 $2,681
1995 $3,294 $5,062 $1,288 $2,478
1994 $3,152 $4,889 $1,277 $2,294
1993 $3,026 $4,742 $775 $2,323
1992 $3,053 $4,761 $777 $2,198
1991 $2,984 $4,733 $742 $2,166
1990 $2,782 $4,553 $744 $2,148
1989 $2,697 - $728 -
1988 $2,404 - $790 -
1987 $2,205 - $666 -
1986 $1,938 - $604 -
1985 $1,745 - $573 -
1984 $1,524 - $655 -
1983 $1,388 - $671 -
1982 $1,329 - $728 -
1981 $1,230 - $713 -
1980 $1,173 - $765 -
1979 $1,071 - $751 -
1978 $917 - $671 -
1977 $737 - $615 -
1976 - - $541 -
1975 - - $610 -
1974 - - $626 -
1973 - - $563 -
1972 - - $433 -
1971 - - $377 -
1970 - - $322 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Grenada's GDP per capita is $12,107, ranking 82/197, compared to $5,873 in Samoa, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Grenada ranks 96th at $20,178, while Samoa ranks 137th at $8,737.

Economic indicators

Grenada Samoa
Gross domestic product
$1.42B
2025
$1.29B
2025
GDP rank
184/197
2025
186/197
2025
GDP growth
4.41%
2024-2025
4.2%
2024-2025
GDP per capita
$12,107
2025
$5,873
2025
GDP per capita rank
82/197
2025
115/197
2025
GDP per capita, PPP
$20,178
2024
$8,737
2024
GDP per capita PPP rank
96/197
2024
137/197
2024
Government debt
$1.02B
2025
$273M
2025
Debt-to-GDP ratio
71.6%
2025
21.2%
2025
Government debt per person
$8,671
2025
$1,246
2025
Government debt per person rank
65/185
2025
136/185
2025
Average annual personal income after taxes
$11,184
2026
$3,918
2026
Income share by richest 10%
33.7%
2018
31.3%
2013
Income share by poorest 10%
2.1%
2018
2.7%
2013
Government expenditure, % of GDP
39.1%
2025
26.4%
2025
Consumer prices inflation
0.61%
2024-2025
2.21%
2024-2025
Central bank interest rate n/a
2.95%
2026
Unemployment rate
6.34%
2023
5.05%
2022
Population
117405
221158

Spending and national debt comparison by year

Grenada
Spending

Debt
Samoa
Spending

Debt
1x
Year % of GDP
Grenada Samoa
Government spending Government debt Government spending Government debt
2025 39.1% 71.6% 26.4% 21.2%
2024 38.3% 75.1% 26.3% 25.2%
2023 28.7% 74.5% 28.8% 31.8%
2022 32% 79.3% 31.1% 41%
2021 31.3% 86.6% 34.1% 45.4%
2020 32.7% 89.5% 30.5% 43.2%
2019 21.6% 62.7% 31.8% 44.3%
2018 22.1% 68.5% 30% 49.4%
2017 22.6% 70.3% 30.9% 46.7%
2016 23.5% 81.6% 27.3% 49%
2015 25.3% 90.1% 30.5% 56.4%
2014 28.7% 99.3% 35.3% 54.9%
2013 28.1% 105.4% 30.7% 54.1%
2012 26.2% 101.5% 33.6% 50.9%
2011 28.3% 102.8% 33.7% 41.5%
2010 28% 96.2% 29.4% 40.3%
2009 27.2% 91.1% 31.5% 33.3%
2008 27.9% 83.9% 27.7% 28.2%
2007 27.7% 89.1% 31.1% 31.5%
2006 32.4% 92.9% 27.7% 33.5%
2005 26.6% 87.3% 30.6% 34.2%
2004 24.7% 94.7% 27.3% 39.8%
2003 28.7% 79.6% 28.5% 42.8%
2002 35.7% 79.1% 30.7% 50.3%
2001 29.6% 44.6% 30% 53.8%
2000 25.6% 41.6% 30.4% 55.8%
1999 23.7% 34.5% 33.8% 59.4%
1998 25.3% 40.3% 28.1% 58.9%
1997 26.6% 41.4% 31% -
1996 26.3% 43.9% 38.9% -
1995 23.2% 43.1% 42.2% -
1994 24.7% 45.7% 54.1% -
1993 23.1% 45.3% 49.5% -
1992 21.8% 40.1% 43.4% -
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/samoa | CC BY

In 2025, Grenada's government spending was $556M, accounting for 39.1% of its GDP, while Samoa spent $340M, or 26.4% of GDP.

Debt-to-GDP ratio is 71.6% in Grenada and 21.2% in Samoa, ranking 54/185 and 172/185, respectively.

Government deficit by year

Deficit/surplus
Grenada

Samoa
1x
Year Deficit/surplus, % of GDP
Grenada Samoa
2025 -5.01% 4.68%
2024 6.88% 9.29%
2023 7.94% 2.7%
2022 0.93% 5.03%
2021 0.33% 1.71%
2020 -4.55% 5.41%
2019 4.96% 1.51%
2018 4.92% 0.06%
2017 3.02% -1.98%
2016 2.69% -0.35%
2015 -0.8% -3.79%
2014 -4.2% -5.38%
2013 -7.25% -3.82%
2012 -5.44% -7.43%
2011 -4.86% -5.25%
2010 -4.07% -5.49%
2009 -4.4% -2.98%
2008 -3.72% -0.36%
2007 -5.91% 0.55%
2006 -5.23% -0.44%
2005 0.9% 0.23%
2004 -0.57% -0.74%
2003 -2.81% -0.51%
2002 -13.9% -1.77%
2001 -6.05% -1.96%
2000 -2.07% -0.62%
1999 -1.7% 0.27%
1998 -2.39% 1.64%
1997 -4.94% 1.92%
1996 -3.02% 1.21%
1995 -0.46% -5.82%
1994 -2.85% -9.51%
1993 -0.16% -13.2%
1992 -1.46% -9.89%
1991 -4.34% -
1990 -7.78% -

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

GeoRank.org/economy/grenada/samoa | 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 Samoa's surplus of $60.3M, or 4.68% of GDP.

Over the past 34 years, Grenada recorded a fiscal deficit in 25 of those years, while Samoa ran a deficit in 20 years. On average, Grenada posted an annual deficit equal to 1.92% of GDP, compared to deficit of 1.32% of GDP for Samoa.

Inflation comparison by year

Inflation
Grenada

Samoa
1x
Year Consumer prices inflation
Grenada Samoa
2025 0.61% 2.21%
2024 1.09% 2.17%
2023 2.7% 7.92%
2022 2.58% 11%
2021 1.22% 3.13%
2020 -0.74% -1.57%
2019 0.6% 0.98%
2018 0.8% 4.2%
2017 0.91% 1.75%
2016 1.65% 1.3%
2015 -0.52% 0.72%
2014 -0.98% -0.41%
2013 -0.04% 0.61%
2012 2.41% 2.05%
2011 3.03% 5.24%
2010 3.44% 0.78%
2009 -0.31% 6.32%
2008 8.03% 11.6%
2007 3.86% 5.58%
2006 4.25% 3.7%
2005 3.48% 1.86%
2004 2.31% 16.3%
2003 2.15% 0.12%
2002 1.07% 8.05%
2001 3.14% 3.84%
2000 2.18% 0.97%
1999 0.58% 0.27%
1998 1.38% 2.22%
1997 1.24% 6.86%

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

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

Over the past 29 years, Grenada has recorded an average annual inflation rate of 1.8%, compared with 3.78% in Samoa. In 2025, inflation was 0.61% in Grenada and 2.21% in Samoa.

Balance of trade

Grenada Samoa
Current account balance
-$328M
2025
$89.3M
2025
Current account balance ranking
97/190
2025
64/190
2025
Current account balance, % of GDP
-23.1%
2025
+6.93%
2025
Goods imports
$612M
2025
$440M
2025
Goods exports
$67.4M
2025
$24.2M
2025
Service imports
$397M
2025
$108M
2025
Service exports
$756M
2025
$328M
2025
Imports of goods and services, % of GDP n/a
43%
2025
Exports of goods and services, % of GDP
16%
2026
27.6%
2025

Economic freedom indices

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

Grenada Samoa
Economic freedom 63 68
Economic freedom ranking 84/197 52/197
Property rights n/a 77.1
Government integrity n/a 64.1
Judicial effectiveness n/a 77.6
Tax burden n/a 79.3
Government spending n/a 75.2
Fiscal health n/a 98.7
Business freedom n/a 63.7
Labor freedom n/a 73.7
Monetary freedom n/a 69.4
Trade freedom n/a 67.2
Investment freedom n/a 40
Financial freedom n/a 30

Other economic metrics

Grenada Samoa
Services, % of GDP
64.9%
2025
72.1%
2025
Industry, % of GDP
15.5%
2025
10.2%
2025
Agriculture, forestry, and fishing, % of GDP
2.54%
2025
9.09%
2025
GNI, Atlas method
$1.37B
2025
$1.24B
2025
GNI per capita, PPP
$20,170
2025
$9,300
2025
Total reserves including gold
$408M
2025
$598M
2025
Total reserves ranking
164/177
2025
153/177
2025
Net foreign direct investment
-$174M
2025
-$1.83M
2025
Net inflows of foreign direct investment
$164M
2024
$3.74M
2024
Net outflows of foreign direct investment
-$4.02M
2024
$2.05M
2024
Servicing debt to the IMF, % of GNI
3.4%
2024
3.15%
2024
Poverty at national poverty lines
38%
2020
21.9%
2018
Gross capital formation, % of GDP n/a
30%
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/samoa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, 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.