Gross Domestic Product — Value US$, annual growth rate (US annual) in Grenada
Grenada: Gross Domestic Product — Value US$, annual growth rate (US annual) was 5.09 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Grenada, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Grenada is 5.09 % change on previous year, measured in 2024.
The figure is down 32.3% on the previous year and down 37.7% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Grenada peaked at 36.88 % change on previous year in 2000 and was at its lowest, -14.02 % change on previous year, in 2020.
That places Grenada 128th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate (US annual) in Grenada, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 26.59 % change on previous year | — |
| 1972 | 33.63 % change on previous year | +26.5% |
| 1973 | 23.21 % change on previous year | -31.0% |
| 1974 | 3.38 % change on previous year | -85.4% |
| 1975 | 23.02 % change on previous year | +580.0% |
| 1976 | 0.1518 % change on previous year | -99.3% |
| 1977 | 12.02 % change on previous year | +7817.0% |
| 1978 | 23.54 % change on previous year | +95.8% |
| 1979 | 15.76 % change on previous year | -33.0% |
| 1980 | 8.47 % change on previous year | -46.3% |
| 1981 | 7.28 % change on previous year | -14.0% |
| 1982 | 10.47 % change on previous year | +43.9% |
| 1983 | 5.64 % change on previous year | -46.2% |
| 1984 | 8.7 % change on previous year | +54.3% |
| 1985 | 13.2 % change on previous year | +51.8% |
| 1986 | 12.6 % change on previous year | -4.6% |
| 1987 | 15.9 % change on previous year | +26.2% |
| 1988 | 10.49 % change on previous year | -34.0% |
| 1989 | 9.52 % change on previous year | -9.3% |
| 1990 | 10.11 % change on previous year | +6.3% |
| 1991 | 4.82 % change on previous year | -52.3% |
| 1992 | 1.9 % change on previous year | -60.5% |
| 1993 | -0.1122 % change on previous year | -105.9% |
| 1994 | 4.94 % change on previous year | -4501.0% |
| 1995 | 5.25 % change on previous year | +6.3% |
| 1996 | 7.23 % change on previous year | +37.8% |
| 1997 | 7.67 % change on previous year | +6.1% |
| 1998 | 9.88 % change on previous year | +28.8% |
| 1999 | 7.64 % change on previous year | -22.7% |
| 2000 | 36.88 % change on previous year | +382.9% |
| 2001 | 0.0769 % change on previous year | -99.8% |
| 2002 | 3.82 % change on previous year | +4869.4% |
| 2003 | 9.38 % change on previous year | +145.4% |
| 2004 | 1.37 % change on previous year | -85.4% |
| 2005 | 16.07 % change on previous year | +1072.1% |
| 2006 | 0.4789 % change on previous year | -97.0% |
| 2007 | 8.59 % change on previous year | +1692.8% |
| 2008 | 8.87 % change on previous year | +3.3% |
| 2009 | -6.62 % change on previous year | -174.7% |
| 2010 | -0.0344 % change on previous year | -99.5% |
| 2011 | 0.9913 % change on previous year | -2985.1% |
| 2012 | 2.73 % change on previous year | +175.0% |
| 2013 | 5.34 % change on previous year | +96.0% |
| 2014 | 8.17 % change on previous year | +53.0% |
| 2015 | 9.38 % change on previous year | +14.8% |
| 2016 | 6.48 % change on previous year | -30.9% |
| 2017 | 6.03 % change on previous year | -6.9% |
| 2018 | 3.63 % change on previous year | -39.9% |
| 2019 | 4.03 % change on previous year | +11.1% |
| 2020 | -14.02 % change on previous year | -448.0% |
| 2021 | 7.61 % change on previous year | -154.3% |
| 2022 | 9.06 % change on previous year | +19.1% |
| 2023 | 7.53 % change on previous year | -17.0% |
| 2024 | 5.09 % change on previous year | -32.3% |
Grenada compared with similar countries
- Grenada's 5.09 % change on previous year is below the median for upper middle income countries, which is 5.73 % change on previous year, 89% of the median. (54 countries reporting)
- Grenada's 5.09 % change on previous year is below the median for Latin America & Caribbean, which is 5.52 % change on previous year, 92% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate (US annual) in Grenada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +7817.0% | 0.1518 % change on previous year | 12.02 % change on previous year |
| 2002 | +4869.4% | 0.0769 % change on previous year | 3.82 % change on previous year |
| 1994 | +4501.0% | -0.1122 % change on previous year | 4.94 % change on previous year |
| 2011 | +2985.1% | -0.0344 % change on previous year | 0.9913 % change on previous year |
| 2007 | +1692.8% | 0.4789 % change on previous year | 8.59 % change on previous year |
| 2005 | +1072.1% | 1.37 % change on previous year | 16.07 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.92 % change on previous year | 0.1518 % change on previous year | 33.63 % change on previous year | 9 |
| 1980s | 10.23 % change on previous year | 5.64 % change on previous year | 15.9 % change on previous year | 10 |
| 1990s | 5.93 % change on previous year | -0.1122 % change on previous year | 10.11 % change on previous year | 10 |
| 2000s | 7.89 % change on previous year | -6.62 % change on previous year | 36.88 % change on previous year | 10 |
| 2010s | 4.68 % change on previous year | -0.0344 % change on previous year | 9.38 % change on previous year | 10 |
| 2020s | 3.06 % change on previous year | -14.02 % change on previous year | 9.06 % change on previous year | 5 |
Countries ranked near Grenada
- 125 South Africa 5.14 % change on previous year compare
- 126 Senegal 5.12 % change on previous year compare
- 127 Melanesia 5.12 % change on previous year compare
- 129 Nepal 5.09 % change on previous year compare
- 130 Papua New Guinea 4.92 % change on previous year compare
- 131 Saint Lucia 4.89 % change on previous year compare
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 gross domestic product — value us$, annual growth rate in Grenada?
- Gross domestic product — value us$, annual growth rate in Grenada was 5.09 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Grenada?
- The highest recorded value was 36.88 % change on previous year in 2000.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Grenada?
- The lowest recorded value was -14.02 % change on previous year in 2020.
- How does Grenada rank for gross domestic product — value us$, annual growth rate?
- Grenada ranks 128th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Grenada?
- Over the last ten years it is down 37.7%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.