Taxes on incomes of individuals and corporations as share of GDP in Grenada
Grenada: Taxes on incomes of individuals and corporations as share of GDP was 4.6% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Grenada, 1992–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Grenada is 4.6%, measured in 2023.
Compared with earlier readings it is up 11.2% on the previous year and up 58.9% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Grenada peaked at 4.9% in 2018 and was at its lowest, 2.1%, in 1998.
That places Grenada 133rd out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 4.0% | — |
| 1993 | 4.4% | +8.1% |
| 1994 | 4.0% | -9.0% |
| 1995 | 4.7% | +17.7% |
| 1996 | 3.4% | -27.7% |
| 1997 | 2.1% | -38.1% |
| 1998 | 2.1% | -1.1% |
| 1999 | 3.0% | +43.8% |
| 2000 | 3.7% | +24.7% |
| 2001 | 4.1% | +10.4% |
| 2002 | 3.0% | -27.0% |
| 2003 | 3.0% | -0.1% |
| 2004 | 2.7% | -10.6% |
| 2005 | 3.1% | +15.6% |
| 2006 | 3.0% | -3.3% |
| 2007 | 3.7% | +23.0% |
| 2008 | 4.2% | +16.0% |
| 2009 | 4.2% | -1.2% |
| 2010 | 3.5% | -16.1% |
| 2011 | 3.5% | +0.0% |
| 2012 | 3.5% | -0.6% |
| 2013 | 2.9% | -16.9% |
| 2014 | 3.7% | +25.7% |
| 2015 | 3.8% | +3.4% |
| 2016 | 4.4% | +17.6% |
| 2017 | 4.6% | +4.2% |
| 2018 | 4.9% | +5.6% |
| 2019 | 4.6% | -5.4% |
| 2020 | 4.8% | +3.7% |
| 2021 | 4.0% | -16.4% |
| 2022 | 4.2% | +3.6% |
| 2023 | 4.6% | +11.2% |
Grenada compared with similar countries
- Grenada's 4.6% is below the median for upper middle income countries, which is 5.7%, 80% of the median. (54 countries reporting)
- Grenada's 4.6% is below the median for Latin America & Caribbean, which is 5.8%, 79% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.4% | 2.1% | 4.7% | 8 |
| 2000s | 3.5% | 2.7% | 4.2% | 10 |
| 2010s | 3.9% | 2.9% | 4.9% | 10 |
| 2020s | 4.4% | 4.0% | 4.8% | 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)
- 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 taxes on incomes of individuals and corporations as share of gdp in Grenada?
- Taxes on incomes of individuals and corporations as share of gdp in Grenada was 4.6% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Grenada?
- The highest recorded value was 4.9% in 2018.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Grenada?
- The lowest recorded value was 2.1% in 1998.
- How does Grenada rank for taxes on incomes of individuals and corporations as share of gdp?
- Grenada ranks 133rd out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Grenada?
- Over the last ten years it is up 58.9%. 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.