Grenada Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Grenada's current account balance was -15.94% in 2025, ranked 177th globally. This represents a 19.2% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Grenada's current account balance stood at -15.94% in 2025, a rise of +3.80% from 2024. The IMF projects -15.94% by 2025. Grenada ranked 177th globally.
Grenada’s current‑account balance has been persistently negative in recent years, registering a deficit of -15.94 in 2025, which places the country 177th in the world ranking. The balance swung from a modest surplus of 1.83 in 1977 to a historic high of 2.61 in 1984, before plunging to an all‑time trough of -36.20 in 2005, reflecting the volatility of trade and income flows in a small island economy. Over the 49‑year series, the deficit has narrowed from its deepest point, yet it remains comparable to peers such as St. Vincent and the Grenadines (-15.75) and Ukraine (-16.51), underscoring structural challenges in export diversification and tourism dependence. The recent modest improvement suggests that incremental gains in services exports and remittances are beginning to offset import pressures. Continued policy focus on enhancing high‑value tourism, expanding renewable‑energy production, and strengthening diaspora linkages could further reduce the deficit and shift Grenada toward a more sustainable current‑account position.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -12.30% | - | - |
| 2029* IMF | -12.67% | - | - |
| 2028* IMF | -12.99% | - | - |
| 2027* IMF | -13.37% | - | - |
| 2026* IMF | -13.88% | - | - |
| 2025* IMF | -15.94% | - | - |
| 2025 | -15.94% | +3.80% | #177 |
| 2024 | -19.74% | −1.52% | #7 |
| 2023 | -18.22% | −6.09% | #12 |
| 2022 | -12.13% | +2.25% | #25 |
| 2021 | -14.38% | +1.73% | #16 |
| 2020 | -16.11% | −5.78% | #14 |
| 2019 | -10.33% | +2.43% | #28 |
| 2018 | -12.76% | −1.29% | #21 |
| 2017 | -11.46% | −2.61% | #22 |
| 2016 | -8.85% | +1.77% | #32 |
| 2015 | -10.62% | −1.53% | #33 |
| 2014 | -9.08% | +7.98% | #35 |
| 2013 | -17.06% | −2.08% | #14 |
| 2012 | -14.98% | +3.68% | #20 |
| 2011 | -18.67% | +0.78% | #13 |
Detected Pattern
Analysis
Grenada matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's current account balance was -15.94% in 2025. Ranked 177th globally. This represents a 19.2% increase from the previous year.
Grenada's current account balance peaked at 2.61% in 1984.
The lowest current account balance in Grenada was -36.20% in 2005.
Grenada ranks 177th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Grenada's current account balance is projected to reach -15.94% by 2025 based on IMF projection.
The current account balance of Grenada in 2025 was -15.94%. This ranks 177th in the world.
Cite this page
@misc{historysaid_grenada_current-account,
title = {Grenada Current Account Balance},
url = {https://historysaid.com/grenada/current-account/},
publisher = {HistorySaid},
year = {2026}
}