Current account balance (credit less debit), Percent of GDP in Grenada
Grenada: Current account balance (credit less debit), Percent of GDP was -14.09 in 2031. ▼ Falling
Current account balance (credit less debit), Percent of GDP in Grenada, 2014–2031
Source: International Monetary Fund.
Analysis
In 2031, current account balance (credit less debit), percent of gdp in Grenada stood at -14.09.
The figure is up 0.5% on the previous year and up 2.0% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Grenada peaked at -8.85 in 2016 and was at its lowest, -21.89, in 2024.
That places Grenada 33rd out of 35 countries with data for 2031, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Current account balance (credit less debit), Percent of GDP in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | -9.08 | — |
| 2015 | -10.62 | +16.9% |
| 2016 | -8.85 | -16.6% |
| 2017 | -11.46 | +29.5% |
| 2018 | -12.76 | +11.3% |
| 2019 | -10.33 | -19.0% |
| 2020 | -16.11 | +55.9% |
| 2021 | -14.38 | -10.7% |
| 2022 | -12.13 | -15.7% |
| 2023 | -20.29 | +67.3% |
| 2024 | -21.89 | +7.8% |
| 2025 | -17.76 | -18.8% |
| 2026 | -18.31 | +3.1% |
| 2027 | -15.9 | -13.2% |
| 2028 | -15.01 | -5.6% |
| 2029 | -14.28 | -4.9% |
| 2030 | -14.15 | -0.9% |
| 2031 | -14.09 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -10.52 | -12.76 | -8.85 | 6 |
| 2020s | -16.61 | -21.89 | -12.13 | 10 |
| 2030s | -14.12 | -14.15 | -14.09 | 2 |
Countries ranked near Grenada
- 30 Bahamas -5.88 compare
- 31 Antigua and Barbuda -9.39 compare
- 32 Saint Kitts and Nevis -11.86 compare
- 34 Saint Vincent and the Grenadines -16.09 compare
- 35 Dominica -16.48 compare
More financial sector data for Grenada
- Net domestic credit (current LCU), per capita 13,150 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.09 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 30.78 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 294.62 million SDR (2025)
- Reserves excluding gold 298.03 million SDR (2025)
- Total reserves (gold at market value) 298.03 million SDR (2025)
- Total reserves (gold at national valuation) 298.03 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,541 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -8.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,541 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp in Grenada?
- Current account balance (credit less debit), percent of gdp in Grenada was -14.09 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Grenada?
- The highest recorded value was -8.85 in 2016.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Grenada?
- The lowest recorded value was -21.89 in 2024.
- How does Grenada rank for current account balance (credit less debit), percent of gdp?
- Grenada ranks 33rd out of 35 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Grenada?
- Over the last ten years it is up 2.0%. The long-run trend across the full record is falling.
- Where does this Grenada data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.