Current account balance in Grenada
Grenada: Current account balance was -23.1% in 2025. ◆ Volatile
Current account balance in Grenada, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, current account balance in Grenada stood at -23.1%.
That represents a change of down 5.7% on the previous year and down 117.9% over ten years.
Over the whole period, current account balance in Grenada peaked at 2.6% in 1984 and was at its lowest, -36.2%, in 2005.
That places Grenada 193rd out of 199 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Grenada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 1.8% | — |
| 1978 | 1.2% | -35.1% |
| 1979 | -1.1% | -191.6% |
| 1980 | 0.2% | -122.5% |
| 1981 | -12.0% | -5013.2% |
| 1982 | -14.1% | +17.7% |
| 1983 | -11.3% | -19.9% |
| 1984 | 2.6% | -123.1% |
| 1985 | 1.7% | -36.7% |
| 1986 | -10.2% | -715.1% |
| 1987 | -13.6% | +33.5% |
| 1988 | -11.7% | -13.5% |
| 1989 | -13.6% | +15.6% |
| 1990 | -16.6% | +22.4% |
| 1991 | -16.0% | -3.9% |
| 1992 | -10.4% | -34.7% |
| 1993 | -14.1% | +35.0% |
| 1994 | -8.7% | -38.6% |
| 1995 | -12.2% | +41.2% |
| 1996 | -15.4% | +26.0% |
| 1997 | -17.6% | +14.4% |
| 1998 | -18.3% | +3.8% |
| 1999 | -11.6% | -36.7% |
| 2000 | -22.0% | +90.2% |
| 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 | -20.3% | +67.3% |
| 2024 | -21.9% | +7.8% |
| 2025 | -23.1% | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | -1.1% | 1.8% | 3 |
| 1980s | -8.2% | -14.1% | 2.6% | 10 |
| 1990s | -14.1% | -18.3% | -8.7% | 10 |
| 2000s | -26.4% | -36.2% | -16.9% | 10 |
| 2010s | -13.3% | -19.4% | -8.8% | 10 |
| 2020s | -18.0% | -23.1% | -12.1% | 6 |
Countries ranked near Grenada
- 190 Curacao -20.0% compare
- 191 Montenegro -20.4% compare
- 192 Kyrgyzstan -22.6% compare
- 194 Lebanon -28.1% compare
- 195 Timor-Leste -36.9% compare
- 196 Dominica -38.0% 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)
- Services, value added (constant LCU), per capita 14,619 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.6582 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8216 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,947 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.22 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 26,856 current LCU per person (2025)
Frequently asked questions
- What is current account balance in Grenada?
- Current account balance in Grenada was -23.1% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Grenada?
- The highest recorded value was 2.6% in 1984.
- What is the lowest current account balance recorded in Grenada?
- The lowest recorded value was -36.2% in 2005.
- How does Grenada rank for current account balance?
- Grenada ranks 193rd out of 199 countries with data for 2025.
- Is current account balance rising or falling in Grenada?
- Over the last ten years it is down 117.9%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.