Current account balance as a proportion of gdp in Grenada
Grenada: Current account balance as a proportion of gdp was -13.99 in 2023. ▲ Rising
Latest (2023)
-13.99
Change on year
down 26.3%
World rank
176th
of 191 countries
All-time high
-8.85
in 2016
All-time low
-36.2
in 2005
Years of data
24
2000–2023
Current account balance as a proportion of gdp in Grenada, 2000–2023
Source: Our World in Data.
Analysis
In 2023, current account balance as a proportion of gdp in Grenada stood at -13.99.
The figure is down 26.3% on the previous year and up 18.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Grenada peaked at -8.85 in 2016 and was at its lowest, -36.2, in 2005.
That places Grenada 176th out of 191 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Current account balance as a proportion of gdp in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -22 | — |
| 2001 | -25.19 | +14.5% |
| 2002 | -24.56 | -2.5% |
| 2003 | -26.36 | +7.3% |
| 2004 | -21.91 | -16.9% |
| 2005 | -36.2 | +65.2% |
| 2006 | -35.36 | -2.3% |
| 2007 | -29.29 | -17.2% |
| 2008 | -26.31 | -10.2% |
| 2009 | -16.92 | -35.7% |
| 2010 | -19.45 | +15.0% |
| 2011 | -18.67 | -4.0% |
| 2012 | -14.98 | -19.8% |
| 2013 | -17.06 | +13.9% |
| 2014 | -9.08 | -46.8% |
| 2015 | -10.62 | +17.0% |
| 2016 | -8.85 | -16.7% |
| 2017 | -11.46 | +29.5% |
| 2018 | -12.76 | +11.3% |
| 2019 | -10.36 | -18.8% |
| 2020 | -16.13 | +55.7% |
| 2021 | -14.46 | -10.4% |
| 2022 | -11.08 | -23.4% |
| 2023 | -13.99 | +26.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -26.41 | -36.2 | -16.92 | 10 |
| 2010s | -13.33 | -19.45 | -8.85 | 10 |
| 2020s | -13.91 | -16.13 | -11.08 | 4 |
Countries ranked near Grenada
- 173 Antigua and Barbuda -12.89 compare
- 174 Saint Vincent and the Grenadines -13.39 compare
- 175 Saint Kitts and Nevis -13.57 compare
- 177 Sao Tome and Principe -14.69 compare
- 178 Namibia -14.83 compare
- 179 Afghanistan -15.72 compare
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)
- GNI (current LCU), annual growth rate 5.5 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 2.55 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 30,884 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 1.26 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 1.26 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 8.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1784 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 2,160 current US$ per person (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 -13.99 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Grenada?
- The highest recorded value was -8.85 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 176th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Grenada?
- Over the last ten years it is up 18.0%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. 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).