Trade in services in Grenada
Grenada: Trade in services was 81.2% in 2025. ▲ Rising
Trade in services in Grenada, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Grenada is 81.2%, measured in 2025.
The figure is down 6.2% on the previous year and up 24.8% over ten years.
Over the whole period, trade in services in Grenada peaked at 86.6% in 2024 and was at its lowest, 26.0%, in 1978.
Grenada ranks 18th of 199 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Trade in services in Grenada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 26.5% | — |
| 1978 | 26.0% | -1.8% |
| 1979 | 30.9% | +18.6% |
| 1980 | 28.6% | -7.5% |
| 1981 | 27.7% | -2.8% |
| 1982 | 28.4% | +2.5% |
| 1983 | 26.1% | -8.2% |
| 1984 | 27.5% | +5.2% |
| 1985 | 30.8% | +12.1% |
| 1986 | 37.9% | +23.0% |
| 1987 | 34.2% | -9.8% |
| 1988 | 34.1% | -0.2% |
| 1989 | 31.4% | -8.2% |
| 1990 | 34.6% | +10.5% |
| 1991 | 36.1% | +4.3% |
| 1992 | 35.9% | -0.5% |
| 1993 | 41.6% | +15.7% |
| 1994 | 44.3% | +6.5% |
| 1995 | 40.5% | -8.5% |
| 1996 | 41.8% | +3.2% |
| 1997 | 41.8% | -0.1% |
| 1998 | 42.6% | +2.0% |
| 1999 | 46.8% | +9.8% |
| 2000 | 48.4% | +3.4% |
| 2001 | 46.9% | -3.0% |
| 2002 | 46.5% | -0.8% |
| 2003 | 45.9% | -1.4% |
| 2004 | 45.6% | -0.5% |
| 2005 | 40.8% | -10.7% |
| 2006 | 44.2% | +8.3% |
| 2007 | 54.5% | +23.3% |
| 2008 | 55.3% | +1.5% |
| 2009 | 58.0% | +5.0% |
| 2010 | 58.8% | +1.4% |
| 2011 | 62.1% | +5.6% |
| 2012 | 65.2% | +5.0% |
| 2013 | 64.9% | -0.5% |
| 2014 | 65.5% | +0.9% |
| 2015 | 65.1% | -0.6% |
| 2016 | 64.5% | -0.8% |
| 2017 | 66.6% | +3.3% |
| 2018 | 69.6% | +4.4% |
| 2019 | 72.0% | +3.4% |
| 2020 | 57.4% | -20.2% |
| 2021 | 64.4% | +12.2% |
| 2022 | 74.5% | +15.7% |
| 2023 | 85.8% | +15.1% |
| 2024 | 86.6% | +1.0% |
| 2025 | 81.2% | -6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.8% | 26.0% | 30.9% | 3 |
| 1980s | 30.7% | 26.1% | 37.9% | 10 |
| 1990s | 40.6% | 34.6% | 46.8% | 10 |
| 2000s | 48.6% | 40.8% | 58.0% | 10 |
| 2010s | 65.4% | 58.8% | 72.0% | 10 |
| 2020s | 75.0% | 57.4% | 86.6% | 6 |
Countries ranked near Grenada
- 15 Tuvalu 84.5% compare
- 16 Suriname 84.2% compare
- 17 Equatorial Guinea 81.5% compare
- 19 Saint Lucia 78.2% compare
- 20 Antigua and Barbuda 78.1% compare
- 21 Curacao 75.6% 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)
- Services, value added (constant LCU), per capita 14,619 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.6582 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8216 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,947 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.22 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 26,856 current LCU per person (2025)
Frequently asked questions
- What is trade in services in Grenada?
- Trade in services in Grenada was 81.2% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Grenada?
- The highest recorded value was 86.6% in 2024.
- What is the lowest trade in services recorded in Grenada?
- The lowest recorded value was 26.0% in 1978.
- How does Grenada rank for trade in services?
- Grenada ranks 18th out of 199 countries with data for 2025.
- Is trade in services rising or falling in Grenada?
- Over the last ten years it is up 24.8%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.