Government spending as share of GDP in Grenada
Grenada: Government spending as share of GDP was 37.1% in 2024. ▲ Rising
Government spending as share of GDP in Grenada, 1990–2024
Source: International Monetary Fund (2025) – with minor processing by Our World in Data. Measured in % of GDP.
Analysis
In 2024, government spending as share of gdp in Grenada stood at 37.1%. That is the highest value across all 35 years on record.
That represents a change of up 29.4% on the previous year and up 29.3% over ten years.
Over the whole period, government spending as share of gdp in Grenada peaked at 37.1% in 2024 and was at its lowest, 21.6%, in 2019.
Grenada ranks 51st of 151 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Government spending as share of GDP in Grenada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 29.0% | — |
| 1991 | 26.8% | -7.4% |
| 1992 | 21.8% | -18.8% |
| 1993 | 23.1% | +6.1% |
| 1994 | 24.7% | +7.0% |
| 1995 | 23.2% | -6.1% |
| 1996 | 26.3% | +12.9% |
| 1997 | 26.6% | +1.2% |
| 1998 | 25.3% | -4.8% |
| 1999 | 23.7% | -6.2% |
| 2000 | 25.6% | +7.9% |
| 2001 | 29.6% | +15.5% |
| 2002 | 35.7% | +20.9% |
| 2003 | 28.7% | -19.7% |
| 2004 | 24.7% | -13.9% |
| 2005 | 26.6% | +7.4% |
| 2006 | 32.4% | +21.8% |
| 2007 | 27.7% | -14.5% |
| 2008 | 27.9% | +0.8% |
| 2009 | 27.2% | -2.7% |
| 2010 | 28.0% | +3.0% |
| 2011 | 28.3% | +1.2% |
| 2012 | 26.2% | -7.4% |
| 2013 | 28.1% | +7.2% |
| 2014 | 28.7% | +2.0% |
| 2015 | 25.3% | -12.0% |
| 2016 | 23.5% | -6.9% |
| 2017 | 22.6% | -4.0% |
| 2018 | 22.1% | -2.3% |
| 2019 | 21.6% | -2.0% |
| 2020 | 32.7% | +51.0% |
| 2021 | 31.3% | -4.4% |
| 2022 | 32.0% | +2.4% |
| 2023 | 28.7% | -10.4% |
| 2024 | 37.1% | +29.4% |
Grenada compared with similar countries
- Grenada's 37.1% is above the median for upper middle income countries, which is 30.9%, 1.2× the median. (44 countries reporting)
- Grenada's 37.1% is above the median for Latin America & Caribbean, which is 27.1%, 1.4× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.1% | 21.8% | 29.0% | 10 |
| 2000s | 28.6% | 24.7% | 35.7% | 10 |
| 2010s | 25.4% | 21.6% | 28.7% | 10 |
| 2020s | 32.3% | 28.7% | 37.1% | 5 |
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 government spending as share of gdp in Grenada?
- Government spending as share of gdp in Grenada was 37.1% in 2024, according to International Monetary Fund (2025) – with minor processing by Our World in Data.
- What is the highest government spending as share of gdp recorded in Grenada?
- The highest recorded value was 37.1% in 2024.
- What is the lowest government spending as share of gdp recorded in Grenada?
- The lowest recorded value was 21.6% in 2019.
- How does Grenada rank for government spending as share of gdp?
- Grenada ranks 51st out of 151 countries with data for 2024.
- Is government spending as share of gdp rising or falling in Grenada?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from International Monetary Fund (2025) – with minor processing by Our World in Data, published as part of Government spending as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Sum of all the money spent by the government on goods and services, as a percentage of GDP. It includes interest paid on government debt.