Annual GDP growth in Grenada
Grenada: Annual GDP growth was 3.6% in 2023. ◆ Volatile
Latest (2023)
3.6%
Change on year
down 51.2%
World rank
87th
of 211 countries
All-time high
13.3%
in 2005
All-time low
-13.8%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Grenada, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Grenada stood at 3.6%.
Compared with earlier readings it is down 51.2% on the previous year and up 51.9% 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.
That places Grenada 87th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | -6.6% | 13.3% | 10 |
| 2010s | 2.8% | -1.1% | 7.3% | 10 |
| 2020s | 0.5% | -13.8% | 7.3% | 4 |
Countries ranked near Grenada
More economy & growth data for Grenada
- Inflation of consumer prices 0.6% (2025)
- GDP per capita 10,477 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 3.3% (2025)
- Gross domestic product (GDP) 1.23 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 10,477 constant 2015 US$ (2025)
- DEC alternative conversion factor 2.7 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -171.99 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -63.70 million current US$ (2025)
- Taxes less subsidies on products 684.13 million current LCU (2025)
- Taxes less subsidies on products 253.38 million current US$ (2025)
Frequently asked questions
- What is annual gdp growth in Grenada?
- Annual gdp growth in Grenada was 3.6% in 2023, according to World Bank – processed by Our World in Data.
- 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 87th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Grenada?
- Over the last ten years it is up 51.9%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)