Goods balance (credit less debit), Net (credits less debits) (US) in Grenada
Grenada: Goods balance (credit less debit), Net (credits less debits) (US) was -491.41 million in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Grenada, 2005–2024
Source: International Monetary Fund.
Analysis
Grenada recorded -491.41 million for goods balance (credit less debit), net (credits less debits) in 2024. That is the lowest value across all 20 years on record.
The figure is down 6.5% on the previous year and down 89.7% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Grenada peaked at -227.59 million in 2009 and was at its lowest, -491.41 million, in 2024.
That places Grenada 88th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -267.10 million | — |
| 2006 | -264.80 million | -0.9% |
| 2007 | -287.16 million | +8.4% |
| 2008 | -298.30 million | +3.9% |
| 2009 | -227.59 million | -23.7% |
| 2010 | -254.45 million | +11.8% |
| 2011 | -258.14 million | +1.5% |
| 2012 | -257.50 million | -0.2% |
| 2013 | -279.56 million | +8.6% |
| 2014 | -258.99 million | -7.4% |
| 2015 | -263.36 million | +1.7% |
| 2016 | -269.15 million | +2.2% |
| 2017 | -328.55 million | +22.1% |
| 2018 | -365.39 million | +11.2% |
| 2019 | -369.73 million | +1.2% |
| 2020 | -317.25 million | -14.2% |
| 2021 | -348.50 million | +9.9% |
| 2022 | -457.00 million | +31.1% |
| 2023 | -461.40 million | +1.0% |
| 2024 | -491.41 million | +6.5% |
Grenada compared with similar countries
- Grenada's -491.41 million is above the median for upper middle income countries, which is -778.45 million, 63% of the median. (54 countries reporting)
- Grenada's -491.41 million is above the median for Latin America & Caribbean, which is -820.85 million, 60% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -268.99 million | -298.30 million | -227.59 million | 5 |
| 2010s | -290.48 million | -369.73 million | -254.45 million | 10 |
| 2020s | -415.11 million | -491.41 million | -317.25 million | 5 |
Countries ranked near Grenada
- 85 Saint Vincent and the Grenadines -385.67 million compare
- 86 Samoa -405.49 million compare
- 87 Turks and Caicos Islands -464.01 million compare
- 89 Mauritania -496.51 million compare
- 90 Liberia -499.38 million compare
- 91 Sierra Leone -577.00 million compare
More financial sector data for Grenada
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.72 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.02 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.72 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Grenada?
- Goods balance (credit less debit), net (credits less debits) in Grenada was -491.41 million in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Grenada?
- The highest recorded value was -227.59 million in 2009.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Grenada?
- The lowest recorded value was -491.41 million in 2024.
- How does Grenada rank for goods balance (credit less debit), net (credits less debits)?
- Grenada ranks 88th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Grenada?
- Over the last ten years it is down 89.7%. 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 Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.