Revenue Statistics in Latin America and the Caribbean - Comparative in Grenada
Grenada: Revenue Statistics in Latin America and the Caribbean - Comparative was 23.5 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in Latin America and the Caribbean - Comparative in Grenada, 2014–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, revenue statistics in latin america and the caribbean - comparative in Grenada stood at 23.5 Percentage of GDP.
The figure is down 1.5% on the previous year and up 29.0% over ten years.
Over the whole period, revenue statistics in latin america and the caribbean - comparative in Grenada peaked at 23.86 Percentage of GDP in 2023 and was at its lowest, 18.21 Percentage of GDP, in 2014.
That places Grenada 12th out of 29 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Revenue Statistics in Latin America and the Caribbean - Comparative in Grenada, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2014 | 18.21 Percentage of GDP | — |
| 2015 | 19.01 Percentage of GDP | +4.4% |
| 2016 | 20.95 Percentage of GDP | +10.2% |
| 2017 | 21.45 Percentage of GDP | +2.4% |
| 2018 | 22.36 Percentage of GDP | +4.2% |
| 2019 | 21.93 Percentage of GDP | -1.9% |
| 2020 | 22.11 Percentage of GDP | +0.8% |
| 2021 | 20.63 Percentage of GDP | -6.7% |
| 2022 | 21.62 Percentage of GDP | +4.8% |
| 2023 | 23.86 Percentage of GDP | +10.3% |
| 2024 | 23.5 Percentage of GDP | -1.5% |
Grenada compared with similar countries
- Grenada's 23.5 Percentage of GDP is above the median for Latin America & Caribbean, which is 21.28 Percentage of GDP, 1.1× the median. (29 countries reporting)
- Grenada's 23.5 Percentage of GDP is above the median for upper middle income countries, which is 21.49 Percentage of GDP, 1.1× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.65 Percentage of GDP | 18.21 Percentage of GDP | 22.36 Percentage of GDP | 6 |
| 2020s | 22.34 Percentage of GDP | 20.63 Percentage of GDP | 23.86 Percentage of GDP | 5 |
Countries ranked near Grenada
- 9 Belize 24.51 Percentage of GDP compare
- 10 Bolivia, Plurinational State of 23.61 Percentage of GDP compare
- 11 El Salvador 23.59 Percentage of GDP compare
- 13 Cuba 22.91 Percentage of GDP compare
- 14 Ecuador 21.69 Percentage of GDP compare
- 15 Saint Lucia 21.28 Percentage of GDP 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)
- 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 revenue statistics in latin america and the caribbean - comparative in Grenada?
- Revenue statistics in latin america and the caribbean - comparative in Grenada was 23.5 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest revenue statistics in latin america and the caribbean - comparative recorded in Grenada?
- The highest recorded value was 23.86 Percentage of GDP in 2023.
- What is the lowest revenue statistics in latin america and the caribbean - comparative recorded in Grenada?
- The lowest recorded value was 18.21 Percentage of GDP in 2014.
- How does Grenada rank for revenue statistics in latin america and the caribbean - comparative?
- Grenada ranks 12th out of 29 countries with data for 2024.
- Is revenue statistics in latin america and the caribbean - comparative rising or falling in Grenada?
- Over the last ten years it is up 29.0%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Revenue Statistics in Latin America and the Caribbean - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from Revenue Statistics in Latin America and the Caribbean countries presented as a percentage of GDP and as a share of total tax revenues as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.