Grenada GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Grenada's gdp deflator was 1.40% in 2025, ranked 189th globally. This represents a 211.1% increase from 2024. Data from World Bank, covering 1978–2025.
Overview
Grenada's gdp deflator stood at 1.40% in 2025, a rise of +2.65pp from 2024. Based on recent trends, this figure is projected to reach 1.40% by 2025. Grenada ranked 189th globally.
Grenada’s GDP deflator has fallen dramatically from its all‑time peak of 17.27 % in 1978 to a historic trough of –1.26 % in 2024, reflecting sustained price deflation over the 48‑year series. The latest reading for 2025 stands at 1.40 %, positioning the island at 189th globally and indicating a modest rebound after the recent negative swing. Compared with peer economies of similar rank, Tanzania posted a deflator of 1.54 % and the West Bank and Gaza recorded 1.02 % in the same year, underscoring Grenada’s slightly higher inflationary pressure despite its still‑low level. The long‑term decline suggests that domestic demand and external price shocks have repeatedly suppressed price growth, while the 2025 uptick may signal the start of a gradual normalization as global commodity prices stabilize and fiscal stimulus measures take effect. Continued monitoring of import price pass‑through and monetary policy will determine whether the modest upward trend can be sustained or if further deflationary pressures re‑emerge.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 1.36% | - | - |
| 2026* trend | 1.38% | - | - |
| 2025* trend | 1.40% | - | - |
| 2025 | 1.40% | +2.65pp | #189 |
| 2024 | -1.26% | −5.71pp | #5 |
| 2023 | 4.46% | +2.82pp | #90 |
| 2022 | 1.64% | −1.09pp | #13 |
| 2021 | 2.73% | +3.03pp | #63 |
| 2020 | -0.30% | −3.63pp | #49 |
| 2019 | 3.33% | +4.03pp | #138 |
| 2018 | -0.70% | −2.23pp | #9 |
| 2017 | 1.53% | −1.12pp | #55 |
| 2016 | 2.64% | −0.11pp | #128 |
| 2015 | 2.76% | +1.98pp | #117 |
| 2014 | 0.78% | −2.15pp | #55 |
| 2013 | 2.92% | −1.00pp | #128 |
| 2012 | 3.93% | +3.70pp | #111 |
| 2011 | 0.22% | −0.26pp | #21 |
Detected Pattern
Analysis
Grenada matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's gdp deflator was 1.40% in 2025. Ranked 189th globally. This represents a 211.1% increase from the previous year.
Grenada's gdp deflator peaked at 17.27% in 1978.
The lowest gdp deflator in Grenada was -1.26% in 2024.
Grenada ranks 189th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Grenada's gdp deflator is projected to reach 1.40% by 2025 based on trend extrapolation.
The gdp deflator of Grenada in 2025 was 1.40%. This ranks 189th in the world.
Cite this page
@misc{historysaid_grenada_gdp-deflator,
title = {Grenada GDP Deflator},
url = {https://historysaid.com/grenada/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}