Debt service as a proportion of exports of goods, services and in Grenada
Grenada: Debt service as a proportion of exports of goods, services and was 6.2% in 2023. ▼ Falling
Latest (2023)
6.2%
Change on year
down 11.6%
World rank
77th
of 125 countries
All-time high
13.8%
in 2003
All-time low
3.4%
in 2012
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Grenada, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, debt service as a proportion of exports of goods, services and in Grenada stood at 6.2%.
The figure is down 11.6% on the previous year and up 21.3% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Grenada peaked at 13.8% in 2003 and was at its lowest, 3.4%, in 2012.
Grenada ranks 77th of 125 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Debt service as a proportion of exports of goods, services and in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.7% | — |
| 2001 | 7.5% | +31.9% |
| 2002 | 13.8% | +84.5% |
| 2003 | 13.8% | +0.3% |
| 2004 | 13.1% | -5.0% |
| 2005 | 4.5% | -65.9% |
| 2006 | 6.3% | +39.9% |
| 2007 | 5.5% | -12.1% |
| 2008 | 5.7% | +3.4% |
| 2009 | 6.4% | +12.5% |
| 2010 | 7.3% | +13.3% |
| 2011 | 6.5% | -10.4% |
| 2012 | 3.4% | -47.1% |
| 2013 | 5.1% | +47.7% |
| 2014 | 4.2% | -17.2% |
| 2015 | 5.1% | +21.3% |
| 2016 | 9.6% | +88.6% |
| 2017 | 10.0% | +3.7% |
| 2018 | 8.8% | -11.8% |
| 2019 | 8.0% | -9.2% |
| 2020 | 10.4% | +30.5% |
| 2021 | 8.8% | -15.3% |
| 2022 | 7.0% | -20.9% |
| 2023 | 6.2% | -11.6% |
Grenada compared with similar countries
- Grenada's 6.2% is below the median for upper middle income countries, which is 7.6%, 81% of the median. (49 countries reporting)
- Grenada's 6.2% is below the median for Latin America & Caribbean, which is 7.4%, 84% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.2% | 4.5% | 13.8% | 10 |
| 2010s | 6.8% | 3.4% | 10.0% | 10 |
| 2020s | 8.1% | 6.2% | 10.4% | 4 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -3.62 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -30.86 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 170.66 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.11 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1202 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,455 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -3.57 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Grenada?
- Debt service as a proportion of exports of goods, services and in Grenada was 6.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Grenada?
- The highest recorded value was 13.8% in 2003.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Grenada?
- The lowest recorded value was 3.4% in 2012.
- How does Grenada rank for debt service as a proportion of exports of goods, services and?
- Grenada ranks 77th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Grenada?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is falling.
- Where does this Grenada data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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