Grenada Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Grenada's budget deficit was -7.30% in 2025, ranked 165th globally. This represents a 209.7% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Grenada's budget deficit stood at -7.30% in 2025, a decline of +13.96% from 2024. The IMF projects -7.30% by 2025. Grenada ranked 165th globally.
Grenada's budget deficit has exhibited significant fluctuations over the past 36 years, with the latest available data from the IMF World Economic Outlook (WEO) showing a deficit of -7.30 in 2025. This places the country at the 165th position globally, with a notable ranking similar to that of India's -7.11 deficit. Historically, Grenada's budget deficit peaked in 2023 at 7.94, marking a considerable deviation from the more stable -13.90 trough in 2002. The country's fiscal performance remains a subject of interest, with its peers such as Poland (-6.99) and Jordan (-7.48) displaying varying degrees of budgetary discipline. The trajectory of Grenada's budget deficit is likely to be influenced by factors such as economic growth, government spending, and revenue collection. A sustained improvement in these areas could potentially help the country reduce its deficit and stabilize its fiscal position.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 0.21% | - | - |
| 2029* IMF | 0.11% | - | - |
| 2028* IMF | 0.14% | - | - |
| 2027* IMF | 0.15% | - | - |
| 2026* IMF | -1.62% | - | - |
| 2025* IMF | -7.30% | - | - |
| 2025 | -7.30% | −13.96% | #165 |
| 2024 | 6.66% | −1.28% | #182 |
| 2023 | 7.94% | +7.01% | #184 |
| 2022 | 0.93% | +0.60% | #161 |
| 2021 | 0.33% | +4.87% | #170 |
| 2020 | -4.55% | −9.50% | #123 |
| 2019 | 4.96% | +0.04% | #184 |
| 2018 | 4.92% | +1.90% | #178 |
| 2017 | 3.02% | +0.33% | #178 |
| 2016 | 2.69% | +3.49% | #176 |
| 2015 | -0.80% | +3.40% | #144 |
| 2014 | -4.20% | +3.05% | #53 |
| 2013 | -7.25% | −1.81% | #17 |
| 2012 | -5.44% | −0.58% | #38 |
| 2011 | -4.86% | −0.79% | #44 |
Detected Pattern
Analysis
Grenada matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's budget deficit was -7.30% in 2025. Ranked 165th globally. This represents a 209.7% decrease from the previous year.
Grenada's budget deficit peaked at 7.94% in 2023.
The lowest budget deficit in Grenada was -13.90% in 2002.
Grenada ranks 165th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Grenada's budget deficit is projected to reach -7.30% by 2025 based on IMF projection.
The budget deficit of Grenada in 2025 was -7.30%. This ranks 165th in the world.
Cite this page
@misc{historysaid_grenada_budget-deficit,
title = {Grenada Budget Deficit},
url = {https://historysaid.com/grenada/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}