GDP Growth Rate
Year -
4.81%
In 2023, Grenada experienced a significant a decrease in its GDP growth rate, which fall to 4.81% from 7.32% in 2022. Additionally, the GDP per capita growth rate in Grenada decrease to 4.19% in 2023, compared to 6.61% in 2022.
In 2023, Grenada experienced a decrease in economic performance, with the GDP growth rate falling by 2.51%. Additionally, the GDP per capita growth rate decrease by 2.42%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | - | - | - | - |
| 1977 | - | - | - | - |
| 1978 | 5.34 | - | 5.91 | - |
| 1979 | 5.6% | 0.26% | 6.23% | 0.32% |
| 1980 | -0.53% | -6.13% | -0.11% | -6.34% |
| 1981 | 1.53% | 2.06% | 1.12% | 1.23% |
| 1982 | 4.12% | 2.59% | 2.71% | 1.59% |
| 1983 | 3.63% | -0.49% | 1.9% | -0.81% |
| 1984 | 3.57% | -0.06% | 2.07% | 0.17% |
| 1985 | 5.98% | 2.41% | 4.97% | 2.90% |
| 1986 | 7.19% | 1.21% | 6.86% | 1.89% |
| 1987 | 9.1% | 1.91% | 9.42% | 2.56% |
| 1988 | 2.97% | -6.13% | 3.71% | -5.71% |
| 1989 | 3.77% | 0.80% | 4.45% | 0.74% |
| 1990 | 4.01% | 0.24% | 4.2% | -0.25% |
| 1991 | 1.39% | -2.62% | 0.66% | -3.54% |
| 1992 | -0.85% | -2.24% | -2.11% | -2.77% |
| 1993 | -1.96% | -1.11% | -3.05% | -0.94% |
| 1994 | 1.69% | 3.65% | 0.71% | 3.76% |
| 1995 | 2.13% | 0.44% | 1.26% | 0.55% |
| 1996 | 4.44% | 2.31% | 3.66% | 2.40% |
| 1997 | 5.02% | 0.58% | 4.32% | 0.66% |
| 1998 | 11.75% | 6.73% | 11.07% | 6.75% |
| 1999 | 6.9% | -4.85% | 6.27% | -4.80% |
| 2000 | 4.89% | -2.01% | 4.29% | -1.98% |
| 2001 | -2.02% | -6.91% | -2.48% | -6.77% |
| 2002 | 3.44% | 5.46% | 3.16% | 5.64% |
| 2003 | 9.46% | 6.02% | 8.95% | 5.79% |
| 2004 | -0.65% | -10.11% | -1.35% | -10.30% |
| 2005 | 13.28% | 13.93% | 12.52% | 13.87% |
| 2006 | -4% | -17.28% | -4.63% | -17.15% |
| 2007 | 6.12% | 10.12% | 5.42% | 10.05% |
| 2008 | 0.95% | -5.17% | 0.27% | -5.15% |
| 2009 | -6.61% | -7.56% | -7.25% | -7.52% |
| 2010 | -0.51% | 6.10% | -1.2% | 6.05% |
| 2011 | 0.76% | 1.27% | -0.01% | 1.19% |
| 2012 | -1.15% | -1.91% | -2% | -1.99% |
| 2013 | 2.35% | 3.50% | 1.45% | 3.45% |
| 2014 | 7.34% | 4.99% | 6.41% | 4.96% |
| 2015 | 6.45% | -0.89% | 5.54% | -0.87% |
| 2016 | 3.74% | -2.71% | 2.89% | -2.65% |
| 2017 | 4.44% | 0.70% | 3.61% | 0.72% |
| 2018 | 4.36% | -0.08% | 3.58% | -0.03% |
| 2019 | 0.68% | -3.68% | -0.05% | -3.63% |
| 2020 | -13.76% | -14.44% | -14.41% | -14.36% |
| 2021 | 4.69% | 18.45% | 3.89% | 18.30% |
| 2022 | 7.32% | 2.63% | 6.61% | 2.72% |
| 2023 | 4.81% | -2.51% | 4.19% | -2.42% |