Remittance inflows to GDP in Grenada
Grenada: Remittance inflows to GDP was 6.8% in 2020. ▼ Falling
Remittance inflows to GDP in Grenada, 1986–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Grenada is 6.8%, measured in 2020.
Compared with earlier readings it is up 29.3% on the previous year and up 82.8% over ten years.
Over the whole period, remittance inflows to gdp in Grenada peaked at 10.4% in 1987 and was at its lowest, 2.8%, in 1991.
Grenada ranks 55th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Remittance inflows to GDP in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1986 | 8.9% | — |
| 1987 | 10.4% | +16.1% |
| 1988 | 10.0% | -4.2% |
| 1989 | 6.3% | -36.6% |
| 1990 | 6.5% | +2.5% |
| 1991 | 2.8% | -57.4% |
| 1992 | 2.8% | +0.7% |
| 1993 | 5.9% | +113.8% |
| 1994 | 8.0% | +35.8% |
| 1995 | 5.8% | -27.9% |
| 1996 | 5.7% | -1.5% |
| 1997 | 5.5% | -3.9% |
| 1998 | 4.9% | -9.8% |
| 1999 | 4.8% | -2.9% |
| 2000 | 4.7% | -3.0% |
| 2001 | 4.7% | +0.2% |
| 2002 | 4.6% | -1.9% |
| 2003 | 4.3% | -6.6% |
| 2004 | 8.0% | +87.8% |
| 2005 | 3.9% | -52.0% |
| 2006 | 4.1% | +5.5% |
| 2007 | 3.8% | -7.3% |
| 2008 | 3.5% | -7.4% |
| 2009 | 3.6% | +2.6% |
| 2010 | 3.7% | +3.0% |
| 2011 | 3.7% | +0.7% |
| 2012 | 3.7% | -1.5% |
| 2013 | 3.5% | -3.9% |
| 2014 | 4.5% | +27.9% |
| 2015 | 4.3% | -3.3% |
| 2016 | 4.2% | -2.4% |
| 2017 | 4.2% | -1.1% |
| 2018 | 4.1% | -2.0% |
| 2019 | 5.2% | +26.9% |
| 2020 | 6.8% | +29.3% |
Grenada compared with similar countries
- Grenada's 6.8% is above the median for upper middle income countries, which is 4.0%, 1.7× the median. (58 countries reporting)
- Grenada's 6.8% is above the median for Latin America & Caribbean, which is 3.3%, 2.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Grenada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +113.8% | 2.8% | 5.9% |
| 2004 | +87.8% | 4.3% | 8.0% |
| 1991 | -57.4% | 6.5% | 2.8% |
| 2005 | -52.0% | 8.0% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.9% | 6.3% | 10.4% | 4 |
| 1990s | 5.3% | 2.8% | 8.0% | 10 |
| 2000s | 4.5% | 3.5% | 8.0% | 10 |
| 2010s | 4.1% | 3.5% | 5.2% | 10 |
| 2020s | 6.8% | 6.8% | 6.8% | 1 |
Countries ranked near Grenada
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 remittance inflows to gdp in Grenada?
- Remittance inflows to gdp in Grenada was 6.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Grenada?
- The highest recorded value was 10.4% in 1987.
- What is the lowest remittance inflows to gdp recorded in Grenada?
- The lowest recorded value was 2.8% in 1991.
- How does Grenada rank for remittance inflows to gdp?
- Grenada ranks 55th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Grenada?
- Over the last ten years it is up 82.8%. The long-run trend across the full record is falling.
- Where does this Grenada data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.