Grenada GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Grenada's gdp growth was 3.28% in 2025, ranked 77th globally. This represents a 17.3% decrease from 2024. Data from World Bank, covering 1978–2025.
Overview
Grenada's gdp growth stood at 3.28% in 2025, a decline of +0.69pp from 2024. The IMF projects 3.28% by 2025. Grenada ranked 77th globally.
Grenada's GDP growth has exhibited significant volatility over the past 48 years, with the country experiencing a peak of 13.28% in 2005 and a trough of -13.76% in 2020 during the COVID-19 pandemic. The economy has generally trended upward, but at a slower pace, with the latest growth rate reaching 3.28% in 2025, ranking 77th globally. This growth rate is comparable to that of Poland, which also experienced a growth rate of 3.24% in the same year. In contrast, countries such as Chad, with a growth rate of 3.34%, have outpaced Grenada. The economy's performance in the 1970s, particularly with a growth rate of 5.34% in 1978, indicates a more robust period. However, the country's growth trajectory may shift in response to changes in global economic conditions or domestic policies aimed at promoting economic diversification and investment. A sustained increase in foreign investment or improvements in the tourism sector, a significant contributor to Grenada's economy, could potentially boost growth in the coming years.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.74% | - | - |
| 2029* IMF | 2.74% | - | - |
| 2028* IMF | 2.93% | - | - |
| 2027* IMF | 3.26% | - | - |
| 2026* IMF | 3.44% | - | - |
| 2025* IMF | 3.28% | - | - |
| 2025 | 3.28% | −0.69pp | #77 |
| 2024 | 3.96% | −0.56pp | #71 |
| 2023 | 4.53% | −2.79pp | #60 |
| 2022 | 7.31% | +2.62pp | #42 |
| 2021 | 4.70% | +18.45pp | #119 |
| 2020 | -13.76% | −14.43pp | #192 |
| 2019 | 0.68% | −3.68pp | #171 |
| 2018 | 4.36% | −0.08pp | #64 |
| 2017 | 4.44% | +0.70pp | #63 |
| 2016 | 3.74% | −2.71pp | #87 |
| 2015 | 6.45% | −0.90pp | #26 |
| 2014 | 7.34% | +4.99pp | #19 |
| 2013 | 2.35% | +3.51pp | #130 |
| 2012 | -1.15% | −1.92pp | #184 |
| 2011 | 0.76% | +1.28pp | #173 |
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 growth improve within 24 months. View full analysis →
Frequently Asked Questions
Grenada's gdp growth was 3.28% in 2025. Ranked 77th globally. This represents a 17.3% decrease from the previous year.
Grenada's gdp growth peaked at 13.28% in 2005.
The lowest gdp growth in Grenada was -13.76% in 2020.
Grenada ranks 77th globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
Grenada's gdp growth is projected to reach 3.28% by 2025 based on IMF projection.
The gdp growth of Grenada in 2025 was 3.28%. This ranks 77th in the world.
Cite this page
@misc{historysaid_grenada_gdp-growth,
title = {Grenada GDP Growth},
url = {https://historysaid.com/grenada/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}