Secondary income balance (credit less debit), Net (credits less) in Grenada
Grenada: Secondary income balance (credit less debit), Net (credits less) was -6.24 million in 2024. ◆ Volatile
Secondary income balance (credit less debit), Net (credits less) in Grenada, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in Grenada stood at -6.24 million.
Compared with earlier readings it is up 27.2% on the previous year and up 23.3% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Grenada peaked at 23.07 million in 2005 and was at its lowest, -15.59 million, in 2016.
That places Grenada 137th out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income balance (credit less debit), Net (credits less) in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 23.07 million | — |
| 2006 | 11.10 million | -51.9% |
| 2007 | -4.93 million | -144.5% |
| 2008 | 4.42 million | -189.5% |
| 2009 | 13.47 million | +204.8% |
| 2010 | 9.41 million | -30.1% |
| 2011 | 1.05 million | -88.9% |
| 2012 | -1.69 million | -261.4% |
| 2013 | -8.47 million | +400.9% |
| 2014 | -8.14 million | -3.8% |
| 2015 | -11.46 million | +40.7% |
| 2016 | -15.59 million | +36.1% |
| 2017 | -3.28 million | -79.0% |
| 2018 | -9.94 million | +203.4% |
| 2019 | 11.52 million | -215.9% |
| 2020 | 19.52 million | +69.6% |
| 2021 | 21.34 million | +9.3% |
| 2022 | 15.81 million | -25.9% |
| 2023 | -8.58 million | -154.3% |
| 2024 | -6.24 million | -27.2% |
Grenada compared with similar countries
- Grenada's -6.24 million is below the median for upper middle income countries, which is 975.41 million. (54 countries reporting)
- Grenada's -6.24 million is below the median for Latin America & Caribbean, which is 194.18 million. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.42 million | -4.93 million | 23.07 million | 5 |
| 2010s | -3.66 million | -15.59 million | 11.52 million | 10 |
| 2020s | 8.37 million | -8.58 million | 21.34 million | 5 |
Countries ranked near Grenada
- 134 Nauru 10.41 million compare
- 135 Djibouti 9.30 million compare
- 136 San Marino -5.30 million compare
- 138 Anguilla -8.25 million compare
- 139 Saint Kitts and Nevis -18.27 million compare
- 140 Seychelles -21.17 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 secondary income balance (credit less debit), net (credits less) in Grenada?
- Secondary income balance (credit less debit), net (credits less) in Grenada was -6.24 million in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Grenada?
- The highest recorded value was 23.07 million in 2005.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Grenada?
- The lowest recorded value was -15.59 million in 2016.
- How does Grenada rank for secondary income balance (credit less debit), net (credits less)?
- Grenada ranks 137th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Grenada?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from International Monetary Fund, published as part of Secondary income 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.