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Grenada
Grenada
HistorySaid – pattern
Grenada matched the Export Boom Cycle pattern in 1985. 1 pattern matches detected historically. View →
HistorySaid – ranking
Grenada ranks 11th globally by GDP ($1.4B in 2024). View →
HistorySaid – inflation
Inflation in Grenada fell from 2.7% (2023) to 1.1% (2024) – a 1.6pp shift. View →
HistorySaid – population
Grenada has a population of 117,207 as of 2024 (growth: 0.11%). View →
Economy & Growth
GDP $1.4B
GDP per Capita $11,705
GDP Growth 3.96%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 4.12% | 3.11% | 2.95% | 2.24% Trend | 1.63% Trend | 1.01% Trend | – | – | – |
| GDP | $1.2B | $1.3B | $1.4B | $1.5B IMF WEO Oct 2025 | $1.5B IMF WEO Oct 2025 | $1.6B IMF WEO Oct 2025 | $1.7B IMF WEO Oct 2025 | $1.8B IMF WEO Oct 2025 | $1.9B IMF WEO Oct 2025 |
| GDP Deflator | 1.64% | 4.46% | -1.26% | 1.40% Trend | 1.38% Trend | 1.36% Trend | – | – | – |
| GDP Growth | 7.31% | 4.53% | 3.96% | 3.28% IMF WEO Oct 2025 | 3.44% IMF WEO Oct 2025 | 3.26% IMF WEO Oct 2025 | 2.93% IMF WEO Oct 2025 | 2.74% IMF WEO Oct 2025 | 2.74% IMF WEO Oct 2025 |
| GDP PPP | $2.1B | $2.2B | $2.4B | $2.5B IMF WEO Oct 2025 | $2.6B IMF WEO Oct 2025 | $2.8B IMF WEO Oct 2025 | $2.9B IMF WEO Oct 2025 | $3.0B IMF WEO Oct 2025 | $3.2B IMF WEO Oct 2025 |
| GDP per Capita | $10,469 | $11,414 | $11,705 | $12,544 IMF WEO Oct 2025 | $13,041 IMF WEO Oct 2025 | $13,668 IMF WEO Oct 2025 | $14,280 IMF WEO Oct 2025 | $14,880 IMF WEO Oct 2025 | $15,506 IMF WEO Oct 2025 |
| GDP per Capita PPP | $17,544 | $18,971 | $20,178 | $21,414 IMF WEO Oct 2025 | $22,427 IMF WEO Oct 2025 | $23,420 IMF WEO Oct 2025 | $24,366 IMF WEO Oct 2025 | $25,333 IMF WEO Oct 2025 | $26,372 IMF WEO Oct 2025 |
| GNI | $1.1B | $1.2B | $1.2B | $1.3B Trend | $1.4B Trend | $1.5B Trend | – | – | – |
| GNI per Capita | $9,980 | $10,120 | $10,510 | $11,219 Trend | $11,766 Trend | $12,313 Trend | – | – | – |
| Gross Savings | – | – | – | 16.32% IMF WEO Oct 2025 | 13.93% IMF WEO Oct 2025 | 12.18% IMF WEO Oct 2025 | 11.91% IMF WEO Oct 2025 | 12.11% IMF WEO Oct 2025 | 12.45% IMF WEO Oct 2025 |
| Industry Value Added | 16.14% | 14.78% | 15.16% | 16.06% Trend | 16.50% Trend | 16.94% Trend | – | – | – |
| Services Value Added | 64.34% | 65.07% | 65.71% | 64.72% Trend | 64.48% Trend | 64.24% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 1.09%
Consumer Price Index 115.62
PPP Conversion Factor 1.57
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 111.38 | 114.38 | 115.62 | 118.20 Trend | 120.45 Trend | 122.70 Trend | – | – | – |
| Inflation Rate | 2.58% | 2.70% | 1.09% | 1.19% IMF WEO Oct 2025 | 1.05% IMF WEO Oct 2025 | 1.98% IMF WEO Oct 2025 | 1.98% IMF WEO Oct 2025 | 1.98% IMF WEO Oct 2025 | 1.98% IMF WEO Oct 2025 |
| PPP Conversion Factor | 1.61 | 1.62 | 1.57 | 1.54 Trend | 1.51 Trend | 1.48 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 117,207
Population Growth 0.11%
Population Density 344.4
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 11.7 | – | – | 11.4 Trend | 11.2 Trend | – | – |
| Death Rate | 8.9 | – | – | 9.1 Trend | 9.2 Trend | – | – |
| Dependency Ratio | 46.45 | 46.37 | – | 46.23 Trend | 46.13 Trend | 46.02 Trend | – |
| Fertility Rate | 1.49 | – | – | 1.46 Trend | 1.45 Trend | – | – |
| Life Expectancy | 75.2 | – | – | 75.2 Trend | 75.3 Trend | – | – |
| Net Migration | -190 | -192 | -185 | – | -235 Trend | -259 Trend | -282 Trend |
| Population | 117,081 | 117,207 | – | 117,484 Trend | 117,696 Trend | 117,909 Trend | – |
| Population Density | 344.4 | – | – | 346.2 Trend | 347.0 Trend | – | – |
| Population Growth | 0.14% | 0.11% | – | 0.04% Trend | -0.01% Trend | -0.07% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 36.46% | 36.56% | – | 36.64% Trend | 36.73% Trend | 36.82% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
▾
Government
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | 0.93% | 7.94% | 6.66% | -7.30% IMF WEO Oct 2025 | -1.62% IMF WEO Oct 2025 | 0.15% IMF WEO Oct 2025 | 0.14% IMF WEO Oct 2025 | 0.11% IMF WEO Oct 2025 | 0.21% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 79.27% | 74.55% | 72.70% | 67.72% IMF WEO Oct 2025 | 65.54% IMF WEO Oct 2025 | 65.78% IMF WEO Oct 2025 | 66.87% IMF WEO Oct 2025 | 67.14% IMF WEO Oct 2025 | 67.36% IMF WEO Oct 2025 |
| Government Revenue | 32.93% | 36.61% | 43.75% | 31.37% IMF WEO Oct 2025 | 29.71% IMF WEO Oct 2025 | 29.08% IMF WEO Oct 2025 | 29.04% IMF WEO Oct 2025 | 28.92% IMF WEO Oct 2025 | 28.92% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 5.00% | 4.65% | – | 4.69% Trend | 4.60% Trend | – | – | – | – |
| Military Spending | – | – | – | – | – | – | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $863.3M
External Debt to GNI 68.59%
Short-term Debt 1.82%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 7.33% | 6.59% | 4.85% | 3.15% Trend | 1.52% Trend | -0.11% Trend |
| Domestic Credit | – | – | – | – | – | – |
| External Debt | $853.7M | $881.5M | $863.3M | $878.6M Trend | $882.7M Trend | $886.8M Trend |
| External Debt to GNI | 74.47% | 74.38% | 68.59% | 63.85% Trend | 59.06% Trend | 54.28% Trend |
| Interest Payments to Revenue | – | – | – | – | – | – |
| Short-term Debt | 7.57% | 6.27% | 1.82% | -0.14% Trend | -2.93% Trend | -5.73% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 6.89%
Deposit Rate 0.95%
Real Interest Rate 8.25%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 53.63% | 50.99% | 54.85% | 50.61% Trend | 49.07% Trend | 47.53% Trend |
| Deposit Rate | 0.89% | 0.90% | 0.95% | 0.81% Trend | 0.74% Trend | 0.67% Trend |
| Lending Rate | 6.44% | 6.93% | 6.89% | 6.87% Trend | 6.92% Trend | 6.97% Trend |
| M2 Money Supply Growth | 9.89% | 1.36% | 8.44% | 9.04% Trend | 10.26% Trend | 11.47% Trend |
| Non-Performing Loans | 3.58% | – | – | 4.22% Trend | – | – |
| Real Interest Rate | 4.72% | 2.37% | 8.25% | 5.49% Trend | 5.58% Trend | 5.66% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 2.70
Real Effective Exchange Rate 88.29
Foreign Reserves $423.3M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 2.70 | 2.70 | 2.70 | 2.70 Trend | 2.70 Trend | 2.70 Trend |
| Foreign Reserves | $371.8M | $404.1M | $423.3M | $462.9M Trend | $494.5M Trend | $526.0M Trend |
| Real Effective Exchange Rate | 91.58 | 89.60 | 88.29 | 86.16 Trend | 84.34 Trend | 82.52 Trend |
| Reserves in Months of Imports | 5.0 | 4.5 | 4.4 | 4.0 Trend | 3.6 Trend | 3.3 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $858.9M
Imports $990.6M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -12.13% | -18.22% | -19.74% | -15.94% IMF WEO Oct 2025 | -13.88% IMF WEO Oct 2025 | -13.37% IMF WEO Oct 2025 | -12.99% IMF WEO Oct 2025 | -12.67% IMF WEO Oct 2025 | -12.30% IMF WEO Oct 2025 |
| Exports | $706.2M | $828.5M | $858.9M | $1.0B Trend | $1.1B Trend | $1.2B Trend | – | – | – |
| FDI Inflows | 13.31% | 16.48% | 11.95% | 13.69% Trend | 13.66% Trend | 13.64% Trend | – | – | – |
| FDI Outflows | 0.80% | 0.00% | -0.29% | 0.88% Trend | 1.34% Trend | 1.80% Trend | – | – | – |
| Imports | $785.0M | $924.7M | $990.6M | $1.1B Trend | $1.3B Trend | $1.4B Trend | – | – | – |
| Remittances Received | $63.1M | $40.7M | $48.0M | $37.0M Trend | $30.4M Trend | $23.8M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | – | – | – | – | – | – | – | – | – |
| Trade Openness | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 5.55% | 6.03% | 5.93% | 6.07% Trend | 6.19% Trend | 6.31% Trend |
| Listed Companies | – | – | – | – | – | – |
| Market Capitalization | – | – | – | – | – | – |
| Stock Turnover Ratio | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 1.02
Government Effectiveness -0.01
Regulatory Quality 0.31
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.49 | 0.48 | 0.56 | 0.67 Trend | 0.73 Trend |
| Government Effectiveness | 0.02 | 0.04 | -0.01 | 0.09 Trend | 0.11 Trend |
| Political Stability | 1.04 | 1.03 | 1.02 | 1.08 Trend | 1.09 Trend |
| Regulatory Quality | 0.31 | 0.39 | 0.31 | 0.81 Trend | 0.99 Trend |
| Rule of Law | 0.49 | 0.56 | 0.60 | 0.86 Trend | 0.96 Trend |
| Voice and Accountability | 0.72 | 0.71 | 0.75 | 0.78 Trend | 0.80 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $526
Infant Mortality Rate 16.7
Maternal Mortality Ratio 48.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $508 | $526 | $526 | $539 Trend | $546 Trend |
| Hospital Beds | 3.02 | 3.01 | 3.01 | 2.83 Trend | 2.77 Trend |
| Infant Mortality Rate | 17.0 | 16.9 | 16.7 | 16.8 Trend | 16.7 Trend |
| Maternal Mortality Ratio | 52.00 | 50.00 | 48.00 | 49.40 Trend | 49.30 Trend |
| Physicians | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 97.79%
Tertiary Enrollment 99.99%
Education Spending 5.13%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 4.04% | 5.13% | – | 5.23% Trend | 5.49% Trend | – |
| Literacy Rate | – | – | – | – | – | – |
| Primary Enrollment | – | – | 110.59% | 105.95% Trend | 105.71% Trend | 105.48% Trend |
| Tertiary Enrollment | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 10.00%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 93.70% | 94.20% | 94.40% | 95.18% Trend | 95.54% Trend |
| Energy Use per Capita | – | – | – | – | – |
| Forest Area | 52.06% | 52.06% | 52.06% | 52.06% Trend | 52.06% Trend |
| Renewable Energy | 10.20% | 10.00% | – | 9.52% Trend | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 74.12%
Mobile Subscriptions 95.76
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 2.18% | 3.01% | 6.44% | 5.78% Trend | 6.65% Trend | 7.52% Trend |
| Internet Users | 74.27% | 74.12% | – | 80.73% Trend | 83.38% Trend | – |
| Mobile Subscriptions | 95.76 | – | – | 83.78 Trend | – | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 43.8
Poverty Rate 0.80%
Income Share Top 10% 33.70%
▾
| Indicator | 2018 |
|---|---|
| Gini Index | 43.8 |
| Income Share Bottom 10% | 2.10% |
| Income Share Top 10% | 33.70% |
| Poverty Rate | 0.80% |
Italic values are IMF World Economic Outlook projections.