Insurance and financial services in Grenada
Grenada: Insurance and financial services was 2.0% in 2025. ◆ Volatile
Insurance and financial services in Grenada, 1986–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2025, insurance and financial services in Grenada stood at 2.0%.
Compared with earlier readings it is up 1.6% on the previous year and up 55.9% over ten years.
Over the whole period, insurance and financial services in Grenada peaked at 6.7% in 2005 and was at its lowest, 0.7%, in 1997.
That places Grenada 107th out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Grenada, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1986 | 1.0% | — |
| 1987 | 1.0% | +5.3% |
| 1988 | 1.2% | +17.2% |
| 1989 | 0.9% | -25.3% |
| 1990 | 1.1% | +24.2% |
| 1991 | 1.3% | +21.8% |
| 1992 | 1.5% | +10.9% |
| 1993 | 1.5% | +0.6% |
| 1994 | 1.2% | -22.4% |
| 1995 | 1.1% | -2.1% |
| 1996 | 0.9% | -24.4% |
| 1997 | 0.7% | -23.0% |
| 1998 | 1.2% | +85.2% |
| 1999 | 1.4% | +15.5% |
| 2000 | 5.0% | +253.9% |
| 2001 | 5.9% | +16.7% |
| 2002 | 5.8% | -1.6% |
| 2003 | 5.9% | +2.1% |
| 2004 | 5.2% | -11.1% |
| 2005 | 6.7% | +27.9% |
| 2006 | 5.2% | -21.4% |
| 2007 | 4.3% | -17.5% |
| 2008 | 4.0% | -7.5% |
| 2009 | 3.5% | -13.4% |
| 2010 | 2.9% | -17.7% |
| 2011 | 2.4% | -15.4% |
| 2012 | 1.9% | -20.2% |
| 2013 | 1.9% | -1.9% |
| 2014 | 1.7% | -12.2% |
| 2015 | 1.3% | -23.9% |
| 2016 | 1.6% | +28.2% |
| 2017 | 1.2% | -25.5% |
| 2018 | 1.2% | -3.2% |
| 2019 | 1.2% | +4.9% |
| 2020 | 2.3% | +83.8% |
| 2021 | 1.9% | -14.1% |
| 2022 | 1.9% | -3.8% |
| 2023 | 1.7% | -9.0% |
| 2024 | 1.9% | +14.5% |
| 2025 | 2.0% | +1.6% |
Grenada compared with similar countries
- Grenada's 2.0% is above the median for upper middle income countries, which is 1.8%, 1.1× the median. (53 countries reporting)
- Grenada's 2.0% is below the median for Latin America & Caribbean, which is 2.7%, 73% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services 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 |
|---|---|---|---|
| 2000 | +253.9% | 1.4% | 5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.0% | 0.9% | 1.2% | 4 |
| 1990s | 1.2% | 0.7% | 1.5% | 10 |
| 2000s | 5.1% | 3.5% | 6.7% | 10 |
| 2010s | 1.7% | 1.2% | 2.9% | 10 |
| 2020s | 1.9% | 1.7% | 2.3% | 6 |
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 insurance and financial services in Grenada?
- Insurance and financial services in Grenada was 2.0% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Grenada?
- The highest recorded value was 6.7% in 2005.
- What is the lowest insurance and financial services recorded in Grenada?
- The lowest recorded value was 0.7% in 1997.
- How does Grenada rank for insurance and financial services?
- Grenada ranks 107th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Grenada?
- Over the last ten years it is up 55.9%. 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 Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.