Taxes on income vs. taxes on goods and services in Grenada
Grenada: Taxes on income vs. taxes on goods and services was 10.0% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Grenada, 1992–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Grenada recorded 10.0% for taxes on income vs. taxes on goods and services in 2023. That is the highest value across all 32 years on record.
That represents a change of up 4.6% on the previous year and up 9.1% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Grenada peaked at 10.0% in 2023 and was at its lowest, 2.7%, in 1992.
Grenada ranks 70th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Taxes on income vs. taxes on goods and services in Grenada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 2.7% | — |
| 1993 | 3.1% | +14.5% |
| 1994 | 3.2% | +5.3% |
| 1995 | 3.3% | +2.1% |
| 1996 | 3.3% | +0.4% |
| 1997 | 3.9% | +17.0% |
| 1998 | 3.7% | -4.8% |
| 1999 | 3.3% | -9.9% |
| 2000 | 3.3% | +0.6% |
| 2001 | 3.0% | -10.2% |
| 2002 | 3.2% | +6.0% |
| 2003 | 3.4% | +8.7% |
| 2004 | 2.9% | -15.0% |
| 2005 | 2.8% | -4.5% |
| 2006 | 3.4% | +22.0% |
| 2007 | 3.2% | -5.5% |
| 2008 | 3.3% | +1.9% |
| 2009 | 3.4% | +5.0% |
| 2010 | 8.4% | +143.6% |
| 2011 | 8.8% | +5.5% |
| 2012 | 8.2% | -7.5% |
| 2013 | 9.2% | +12.4% |
| 2014 | 7.9% | -14.5% |
| 2015 | 7.9% | +1.2% |
| 2016 | 8.5% | +7.4% |
| 2017 | 8.7% | +1.6% |
| 2018 | 8.8% | +1.1% |
| 2019 | 8.6% | -1.8% |
| 2020 | 8.6% | -0.5% |
| 2021 | 8.3% | -3.7% |
| 2022 | 9.6% | +16.1% |
| 2023 | 10.0% | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.3% | 2.7% | 3.9% | 8 |
| 2000s | 3.2% | 2.8% | 3.4% | 10 |
| 2010s | 8.5% | 7.9% | 9.2% | 10 |
| 2020s | 9.1% | 8.3% | 10.0% | 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)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.9003 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0686 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 830.2 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 4.5 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0246 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 297.64 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 4.5 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0587 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is taxes on income vs. taxes on goods and services in Grenada?
- Taxes on income vs. taxes on goods and services in Grenada was 10.0% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Grenada?
- The highest recorded value was 10.0% in 2023.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Grenada?
- The lowest recorded value was 2.7% in 1992.
- How does Grenada rank for taxes on income vs. taxes on goods and services?
- Grenada ranks 70th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Grenada?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.