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Economy of Grenada vs Uruguay compared: GDP & Debt

Updated on by Georank

Grenada has a GDP of $1.42B compared to $85.3B for Uruguay, ranking 184/197 and 84/197 by economy size, respectively.

Grenada has $1.02B in government debt (71.6% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Grenada vs Uruguay GDP by year

Grenada
Uruguay
1x
Year GDP, current $
Grenada Uruguay
2025 $1,420,173,229 $85,347,696,278
2024 $1,351,270,370 $82,322,859,144
2023 $1,336,418,519 $79,208,725,900
2022 $1,224,007,407 $71,240,669,088
2021 $1,122,222,222 $60,739,061,281
2020 $1,043,411,111 $53,559,354,501
2019 $1,213,485,185 $62,222,324,965
2018 $1,166,514,815 $65,344,577,416
2017 $1,125,685,185 $65,006,039,810
2016 $1,061,640,741 $57,480,787,465
2015 $997,007,407 $57,680,327,999
2014 $911,496,296 $61,496,186,974
2013 $842,618,519 $61,337,621,934
2012 $799,881,481 $54,232,266,359
2011 $778,655,556 $50,342,406,067
2010 $771,014,815 $41,950,361,212
2009 $771,275,556 $32,708,319,078
2008 $825,976,037 $31,119,602,539
2007 $758,683,593 $23,797,773,024
2006 $698,700,667 $19,741,420,740
2005 $695,555,556 $17,362,857,684
2004 $599,118,593 $13,686,329,890
2003 $591,018,407 $12,045,638,352
2002 $540,336,926 $13,606,515,723
2001 $520,444,185 $20,898,761,742
2000 $520,044,370 $22,823,270,892
1999 $482,009,370 $23,983,945,191
1998 $445,903,593 $25,385,886,978
1997 $392,190,593 $23,969,739,234
1996 $366,911,444 $20,515,458,114
1995 $342,172,519 $19,297,663,097
1994 $325,111,815 $17,474,588,896
1993 $309,812,185 $15,002,136,971
1992 $310,160,444 $12,878,148,791
1991 $300,757,889 $11,206,176,651
1990 $278,098,763 $9,298,807,850
1989 $267,327,642 $8,438,951,476
1988 $236,357,524 $8,213,538,369
1987 $215,009,570 $7,367,494,080
1986 $187,589,523 $5,880,112,788
1985 $167,728,455 $4,732,017,873
1984 $145,533,311 $4,850,238,550
1983 $131,803,552 $5,102,276,308
1982 $125,435,590 $9,178,780,077
1981 $115,651,919 $11,048,301,421
1980 $110,900,457 $10,163,020,116
1979 $102,244,362 $7,181,182,224
1978 $88,322,386 $4,910,254,566
1977 $71,494,495 $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Grenada vs Uruguay by year

Grenada
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Grenada Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,107 - $25,216 -
2024 $11,529 $20,178 $24,308 $36,418
2023 $11,414 $18,971 $23,379 $34,471
2022 $10,469 $17,544 $21,009 $33,001
2021 $9,617 $15,290 $17,882 $29,432
2020 $8,969 $14,361 $15,758 $25,725
2019 $10,463 $16,446 $18,316 $25,783
2018 $10,083 $15,975 $19,250 $24,386
2017 $9,751 $15,041 $19,185 $23,607
2016 $9,221 $13,978 $17,010 $22,841
2015 $8,694 $13,214 $17,126 $22,169
2014 $7,986 $12,229 $18,322 $21,868
2013 $7,425 $11,199 $18,335 $20,661
2012 $7,093 $10,575 $16,260 $19,495
2011 $6,947 $10,592 $15,132 $19,135
2010 $6,910 $10,344 $12,641 $17,873
2009 $6,933 $10,303 $9,881 $16,422
2008 $7,448 $11,001 $9,424 $15,694
2007 $6,865 $10,728 $7,222 $14,397
2006 $6,344 $9,877 $6,001 $13,179
2005 $6,339 $10,016 $5,284 $12,296
2004 $5,480 $8,606 $4,169 $11,103
2003 $5,428 $8,469 $3,671 $10,303
2002 $4,984 $7,621 $4,150 $10,030
2001 $4,820 $7,283 $6,383 $10,719
2000 $4,840 $7,306 $6,988 $10,929
1999 $4,516 $6,857 $7,371 $10,938
1998 $4,206 $6,368 $7,837 $11,002
1997 $3,725 $5,673 $7,436 $10,461
1996 $3,508 $5,347 $6,398 $9,524
1995 $3,294 $5,062 $6,050 $8,906
1994 $3,152 $4,889 $5,508 $8,897
1993 $3,026 $4,742 $4,753 $8,162
1992 $3,053 $4,761 $4,102 $7,808
1991 $2,984 $4,733 $3,589 $7,112
1990 $2,782 $4,553 $2,995 $6,683
1989 $2,697 - $2,734 -
1988 $2,404 - $2,677 -
1987 $2,205 - $2,416 -
1986 $1,938 - $1,939 -
1985 $1,745 - $1,568 -
1984 $1,524 - $1,615 -
1983 $1,388 - $1,707 -
1982 $1,329 - $3,085 -
1981 $1,230 - $3,728 -
1980 $1,173 - $3,443 -
1979 $1,071 - $2,443 -
1978 $917 - $1,678 -
1977 $737 - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Grenada's GDP per capita is $12,107, ranking 82/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Grenada ranks 96th at $20,178, while Uruguay ranks 61st at $36,418.

Economic indicators

Grenada Uruguay
Gross domestic product
$1.42B
2025
$85.3B
2025
GDP rank
184/197
2025
84/197
2025
GDP growth
4.41%
2024-2025
1.78%
2024-2025
GDP per capita
$12,107
2025
$25,216
2025
GDP per capita rank
82/197
2025
54/197
2025
GDP per capita, PPP
$20,178
2024
$36,418
2024
GDP per capita PPP rank
96/197
2024
61/197
2024
Government debt
$1.02B
2025
$56B
2025
Debt-to-GDP ratio
71.6%
2025
65.7%
2025
Government debt per person
$8,671
2025
$16,559
2025
Government debt per person rank
65/185
2025
41/185
2025
Average annual personal income after taxes
$11,184
2026
$14,046
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
33.7%
2018
30%
2024
Income share by poorest 10%
2.1%
2018
2.2%
2024
Government expenditure, % of GDP
39.1%
2025
31.5%
2025
Consumer prices inflation
0.61%
2024-2025
4.65%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
6.34%
2023
8.21%
2024
Population
117405
3382672

Spending and national debt comparison by year

Grenada
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Grenada Uruguay
Government spending Government debt Government spending Government debt
2025 39.1% 71.6% 31.5% 65.7%
2024 38.3% 75.1% 30.6% 67.6%
2023 28.7% 74.5% 30.1% 63%
2022 32% 79.3% 29.7% 59.4%
2021 31.3% 86.6% 30.2% 64.1%
2020 32.7% 89.5% 32.8% 68.2%
2019 21.6% 62.7% 30.6% 59.6%
2018 22.1% 68.5% 30.3% 57.9%
2017 22.6% 70.3% 29.7% 55.8%
2016 23.5% 81.6% 29.7% 56.4%
2015 25.3% 90.1% 28.4% 57.8%
2014 28.7% 99.3% 29.1% 51.1%
2013 28.1% 105.4% 28.8% 50%
2012 26.2% 101.5% 27.7% 49.8%
2011 28.3% 102.8% 26.3% 41.3%
2010 28% 96.2% 27.4% 40.9%
2009 27.2% 91.1% 27.2% 46.2%
2008 27.9% 83.9% 26.3% 46.2%
2007 27.7% 89.1% 26.8% 52.8%
2006 32.4% 92.9% 26.8% 61.1%
2005 26.6% 87.3% 26.3% 66.2%
2004 24.7% 94.7% 26.6% 73.7%
2003 28.7% 79.6% 27.7% 91.9%
2002 35.7% 79.1% 27.6% 90.1%
2001 29.6% 44.6% 27.8% 39.4%
2000 25.6% 41.6% 26.6% 30.5%
1999 23.7% 34.5% 27.2% 24.1%
1998 25.3% 40.3% 27.3% 19.4%
1997 26.6% 41.4% 27.6% 18.8%
1996 26.3% 43.9% 26.5% 18.3%
1995 23.2% 43.1% 26.2% 18.5%
1994 24.7% 45.7% 29.5% 19.3%
1993 23.1% 45.3% 27.7% 20%
1992 21.8% 40.1% 23.6% 22.2%
1991 26.8% 42% 22.2% 20.4%
1990 29% 46.2% 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

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

In 2025, Grenada's government spending was $556M, accounting for 39.1% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 71.6% in Grenada and 65.7% in Uruguay, ranking 54/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Grenada

Uruguay
1x
Year Deficit/surplus, % of GDP
Grenada Uruguay
2025 -5.01% -3.36%
2024 6.88% -3.16%
2023 7.94% -3.09%
2022 0.93% -2.5%
2021 0.33% -2.61%
2020 -4.55% -4.64%
2019 4.96% -2.71%
2018 4.92% -1.89%
2017 3.02% -2.51%
2016 2.69% -2.68%
2015 -0.8% -1.86%
2014 -4.2% -2.6%
2013 -7.25% -1.72%
2012 -5.44% -2.17%
2011 -4.86% -0.33%
2010 -4.07% -0.39%
2009 -4.4% -1.39%
2008 -3.72% -1.31%
2007 -5.91% -0.16%
2006 -5.23% -0.64%
2005 0.9% -0.28%
2004 -0.57% -0.87%
2003 -2.81% -2.19%
2002 -13.9% -3.19%
2001 -6.05% -2.85%
2000 -2.07% -2.76%
1999 -1.7% -2.76%
1998 -2.39% -0.76%
1997 -4.94% -0.97%
1996 -3.02% -1.32%
1995 -0.46% -1.08%
1994 -2.85% -2.37%
1993 -0.16% -0.47%
1992 -1.46% 0.6%
1991 -4.34% 0.88%
1990 -7.78% 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -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 (1955–1998, retrieved 2026-07-08).

GeoRank.org/economy/grenada/uruguay | 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 Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 36 years, Grenada recorded a fiscal deficit in 27 of those years, while Uruguay ran a deficit in 33 years. On average, Grenada posted an annual deficit equal to 2.15% of GDP, compared to deficit of 1.71% of GDP for Uruguay.

Inflation comparison by year

Inflation
Grenada

Uruguay
1x
Year Consumer prices inflation
Grenada Uruguay
2025 0.61% 4.65%
2024 1.09% 4.85%
2023 2.7% 5.87%
2022 2.58% 9.1%
2021 1.22% 7.75%
2020 -0.74% 9.76%
2019 0.6% 7.88%
2018 0.8% 7.61%
2017 0.91% 6.22%
2016 1.65% 9.64%
2015 -0.52% 8.67%
2014 -0.98% 8.88%
2013 -0.04% 8.58%
2012 2.41% 8.1%
2011 3.03% 8.09%
2010 3.44% 6.7%
2009 -0.31% 7.06%
2008 8.03% 7.88%
2007 3.86% 8.11%
2006 4.25% 6.4%
2005 3.48% 4.7%
2004 2.31% 9.16%
2003 2.15% 19.4%
2002 1.07% 14%
2001 3.14% 4.36%
2000 2.18% 4.76%
1999 0.58% 5.66%
1998 1.38% 10.8%
1997 1.24% 19.8%

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

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

Over the past 29 years, Grenada has recorded an average annual inflation rate of 1.8%, compared with 8.43% in Uruguay. In 2025, inflation was 0.61% in Grenada and 4.65% in Uruguay.

Top exports between countries

Grenada
Export category Export value
Uruguay
Export category Export value
Animal & marine products $216K

Balance of trade

Grenada Uruguay
Current account balance
-$328M
2025
-$374M
2025
Current account balance ranking
97/190
2025
100/190
2025
Current account balance, % of GDP
-23.1%
2025
-0.44%
2025
Goods imports
$612M
2025
$13.6B
2025
Goods exports
$67.4M
2025
$16.1B
2025
Service imports
$397M
2025
$5.96B
2025
Service exports
$756M
2025
$7.39B
2025
Imports of goods and services, % of GDP n/a
22.6%
2025
Exports of goods and services, % of GDP
16%
2026
27.1%
2025

Economic freedom indices

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

Grenada Uruguay
Economic freedom 63 69.8
Economic freedom ranking 84/197 39/197
Property rights n/a 87.4
Government integrity n/a 79
Judicial effectiveness n/a 80.9
Tax burden n/a 73.3
Government spending n/a 72
Fiscal health n/a 76.6
Business freedom n/a 83.8
Labor freedom n/a 61.7
Monetary freedom n/a 70.2
Trade freedom n/a 73.2
Investment freedom n/a 50
Financial freedom n/a 30

Other economic metrics

Grenada Uruguay
Services, % of GDP
64.9%
2025
65.2%
2025
Industry, % of GDP
15.5%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
2.54%
2025
6.38%
2025
GNI, Atlas method
$1.37B
2025
$81.3B
2025
GNI per capita, PPP
$20,170
2025
$36,330
2025
Total reserves including gold
$408M
2025
$19B
2025
Total reserves ranking
164/177
2025
67/177
2025
Net foreign direct investment
-$174M
2025
-$457M
2025
Net inflows of foreign direct investment
$164M
2024
-$3.94B
2024
Net outflows of foreign direct investment
-$4.02M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
3.4%
2024
n/a
Poverty at national poverty lines
38%
2020
17.3%
2024
Gross capital formation, % of GDP n/a
16.2%
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/uruguay | 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 (1955–1998, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. TradeMap (2025, 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.