Current account balance as a proportion of GDP (%) in Grenada
Grenada: Current account balance as a proportion of GDP (%) was -19.7% in 2024. ▲ Rising
Latest (2024)
-19.7%
Change on year
down 8.3%
World rank
194th
of 205 countries
All-time high
-8.8%
in 2016
All-time low
-36.2%
in 2005
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Grenada, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Grenada recorded -19.7% for current account balance as a proportion of gdp in 2024.
That represents a change of down 8.3% on the previous year and down 117.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Grenada peaked at -8.8% in 2016 and was at its lowest, -36.2%, in 2005.
Grenada ranks 194th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Current account balance as a proportion of GDP (%) in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -22.0% | — |
| 2001 | -25.2% | +14.5% |
| 2002 | -24.6% | -2.5% |
| 2003 | -26.4% | +7.3% |
| 2004 | -21.9% | -16.9% |
| 2005 | -36.2% | +65.2% |
| 2006 | -35.4% | -2.3% |
| 2007 | -29.3% | -17.2% |
| 2008 | -26.3% | -10.2% |
| 2009 | -16.9% | -35.7% |
| 2010 | -19.4% | +14.9% |
| 2011 | -18.7% | -4.0% |
| 2012 | -15.0% | -19.7% |
| 2013 | -17.1% | +13.9% |
| 2014 | -9.1% | -46.8% |
| 2015 | -10.6% | +16.9% |
| 2016 | -8.8% | -16.6% |
| 2017 | -11.5% | +29.5% |
| 2018 | -12.8% | +11.3% |
| 2019 | -10.3% | -19.0% |
| 2020 | -16.1% | +55.9% |
| 2021 | -14.4% | -10.7% |
| 2022 | -12.1% | -15.7% |
| 2023 | -18.2% | +50.2% |
| 2024 | -19.7% | +8.3% |
Grenada compared with similar countries
- Grenada's -19.7% is below the median for upper middle income countries, which is -2.1%, 9.4× the median. (53 countries reporting)
- Grenada's -19.7% is below the median for Latin America & Caribbean, which is -1.6%, 12.2× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -26.4% | -36.2% | -16.9% | 10 |
| 2010s | -13.3% | -19.4% | -8.8% | 10 |
| 2020s | -16.1% | -19.7% | -12.1% | 5 |
Countries ranked near Grenada
More economy & growth data for Grenada
- Real gdp growth, annual growth rate 83.75 % change on previous year (2025)
- 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)
Frequently asked questions
- What is current account balance as a proportion of gdp in Grenada?
- Current account balance as a proportion of gdp in Grenada was -19.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Grenada?
- The highest recorded value was -8.8% in 2016.
- What is the lowest current account balance as a proportion of gdp recorded in Grenada?
- The lowest recorded value was -36.2% in 2005.
- How does Grenada rank for current account balance as a proportion of gdp?
- Grenada ranks 194th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Grenada?
- Over the last ten years it is down 117.3%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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