Annual GDP growth in Grenada
Grenada: Annual GDP growth was 4.0% in 2024. ◆ Volatile
Annual GDP growth in Grenada, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Grenada recorded 4.0% for annual gdp growth in 2024.
The figure is down 12.4% on the previous year and down 46.0% over ten years.
Over the whole period, annual gdp growth in Grenada peaked at 13.3% in 2005 and was at its lowest, -13.8%, in 2020.
Grenada ranks 83rd of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.9% | — |
| 2001 | -2.0% | -141.4% |
| 2002 | 3.4% | -269.8% |
| 2003 | 9.5% | +175.3% |
| 2004 | -0.6% | -106.8% |
| 2005 | 13.3% | -2150.5% |
| 2006 | -4.0% | -130.1% |
| 2007 | 6.1% | -253.3% |
| 2008 | 0.9% | -84.5% |
| 2009 | -6.6% | -797.9% |
| 2010 | -0.5% | -92.3% |
| 2011 | 0.8% | -249.6% |
| 2012 | -1.2% | -251.0% |
| 2013 | 2.4% | -303.6% |
| 2014 | 7.3% | +212.3% |
| 2015 | 6.4% | -12.2% |
| 2016 | 3.7% | -42.0% |
| 2017 | 4.4% | +18.7% |
| 2018 | 4.4% | -1.7% |
| 2019 | 0.7% | -84.5% |
| 2020 | -13.8% | -2133.5% |
| 2021 | 4.7% | -134.1% |
| 2022 | 7.3% | +55.6% |
| 2023 | 4.5% | -38.1% |
| 2024 | 4.0% | -12.4% |
Grenada compared with similar countries
- Grenada's 4.0% is above the median for upper middle income countries, which is 3.5%, 1.1× the median. (56 countries reporting)
- Grenada's 4.0% is above the median for Latin America & Caribbean, which is 3.3%, 1.2× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Grenada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +2150.5% | -0.6% | 13.3% |
| 2020 | -2133.5% | 0.7% | -13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | -6.6% | 13.3% | 10 |
| 2010s | 2.8% | -1.2% | 7.3% | 10 |
| 2020s | 1.3% | -13.8% | 7.3% | 5 |
Countries ranked near Grenada
More economy & growth data for Grenada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.71 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -63.96 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 26.01 units per person (2025)
- SDRs holdings, SDR, annual growth rate -65.68 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.99 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0147 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Grenada?
- Annual gdp growth in Grenada was 4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Grenada?
- The highest recorded value was 13.3% in 2005.
- What is the lowest annual gdp growth recorded in Grenada?
- The lowest recorded value was -13.8% in 2020.
- How does Grenada rank for annual gdp growth?
- Grenada ranks 83rd out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Grenada?
- Over the last ten years it is down 46.0%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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