Grenada
Description of Grenada
Grenada, a picturesque island nation located in the Caribbean, is known for its stunning beaches, lush rainforests, and vibrant culture. As a small developing country, Grenada faces unique challenges and opportunities in its quest for economic development and stability. By examining key macroeconomic statistics and geopolitical dynamics, we can gain valuable insight into Grenada's growth trajectory, its relationships with neighboring countries, and its place in the global arena.
Population And Age Structure
Population, total: Grenada's population of 123,663 is significantly below the average population of 40,097,746. Grenada ranks 177 out of 194 countries in terms of total population.
Population ages 0-14 (% of total population): Grenada's percentage of population ages 0-14 at 24.13% is slightly below the average of 27.34%. Grenada ranks 106 out of 194 countries.
Population ages 0-14, total: With a total of 29,844 children aged 0-14, Grenada is well below the average of 10,327,379. Grenada ranks 179 out of 194 countries.
Population ages 15-64 (% of total population): Grenada's percentage of population ages 15-64 at 66.18% is above the average of 63.44%. Grenada ranks 65 out of 194 countries.
Population ages 15-64, total: Grenada's total population aged 15-64 at 81,841 is significantly below the average of 26,003,407. Grenada ranks 176 out of 194 countries in this category.
Population ages 65 and above (% of total population): With 9.69% of its population being ages 65 and above, Grenada is slightly above the average of 9.22%. Grenada ranks 70 out of 194 countries.
Population ages 65 and above, total: Grenada's total population aged 65 and above is 11,977, which is well below the average of 3,766,959. Grenada ranks 176 out of 194 countries in this demographic.
Summary
Grenada's population size is significantly below the global average, with a relatively low number of children aged 0-14 and individuals aged 15-64 compared to other countries. However, it has a higher proportion of individuals aged 65 and above, indicating a potential demographic shift towards an aging population. These demographic indicators are crucial for policymakers and planners to anticipate future healthcare, social security, and workforce needs in Grenada.
Population Miscellaneous
- Grenada has a rural population of 78,480, ranking 171 out of 190 countries, well below the average rural
population of 18,044,041. Grenada's rural population is significantly lower than the average.
- The rural population (% of total population) in Grenada is 63.463%, which is above the average of
41.158%. Grenada ranks 37 out of 190 countries in this category.
- Grenada's urban population is 45,183, ranking 181 out of 194 countries, much lower than the average
urban population of 22,425,747. Grenada's urban population is notably below the global average.
- With an urban population (% of total population) of 36.537%, Grenada is below the global average of
59.691%. Grenada ranks 158 out of 194 countries in this aspect.
- The age dependency ratio in Grenada is 51.10% of the working-age population, ranking 130 out of 194
countries. This is slightly below the global average of 59.22%.
- Grenada has a crude birth rate of 16.288 per 1,000 people, below the average of 19.384. This places
Grenada at the 100th position out of 192 countries.
- The crude death rate in Grenada is 8.061 per 1,000 people, slightly below the average of 8.214.
Grenada's rank is 88 out of 192 countries.
- Grenada's total fertility rate is 2.023 births per woman, lower than the average of 2.603. In this
aspect, Grenada ranks 101 out of 190 countries.
Summary
Despite having a significantly lower rural and urban population compared to global averages, Grenada maintains a higher-than-average rural population percentage and lower-than-average urban population percentage. The country also exhibits a lower age dependency ratio, indicating a relatively younger population. With below-average crude birth and death rates, and a lower total fertility rate, Grenada's demographic indicators suggest a stable and potentially sustainable population growth trajectory, impacting future labor force dynamics and healthcare requirements.
Natural Resources
While Grenada's forest area of 177 sq. km is below the average of 211,606.11 sq. km, it ranks at 171 out of 191 countries in the dataset. Grenada's land area of 340 sq. km is well below the average of 665,166.51 sq. km, placing it at rank 184 out of 194 countries. Similarly, Grenada's surface area matches its land area at 340 sq. km, significantly lower than the average of 689,779.56 sq. km, ranking it at 184 out of 194 countries in the dataset.
Grenada's arable land of 3,000 hectares is substantially less than the average of 7,329,543.16 hectares, placing it at rank 176 out of 190 countries. The country's land under cereal production of 384 hectares is also below the average of 4,206,011.63 hectares, with a rank of 164 out of 174 countries. Grenada's average precipitation of 2350 mm per year is much higher than the average of 1157.83 mm per year and ranks at 16 out of 178 countries.
Moreover, Grenada's renewable internal freshwater resources of 0.2 billion cubic meters are significantly lower than the average of 240.41 billion cubic meters, resulting in a rank of 169 out of 178 countries in the dataset.
Summary
Grenada stands out with its relatively small forest area, land area, surface area, arable land, and land under cereal production compared to global averages, placing it at lower rankings in these categories. Additionally, the country experiences significantly higher average precipitation but possesses minimal renewable internal freshwater resources compared to the worldwide average. These statistics are crucial for understanding Grenada's geographical constraints, agricultural potential, and water availability, which are vital factors impacting the country's environmental sustainability, agricultural productivity, and water management strategies.
Commodities
1. Cereal production (metric tons): Grenada's production of 382.34 metric tons is significantly below the average production of 17,249,945.93 metric tons, ranking 168th out of 174 countries in the dataset.
2. Aquaculture production (metric tons): With a production of 22.5 metric tons, Grenada falls far below the average of 679,642.92 metric tons, coming in at the 159th position out of 180 countries included.
3. Capture fisheries production (metric tons): Grenada's production of 1,913.89 metric tons is notably lower than the average of 467,453.06 metric tons, placing it at the 162nd rank out of 190 countries.
4. Total fisheries production (metric tons): The country's total fisheries production of 1,936.39 metric tons is well below the average of 1,153,914.85 metric tons, ranking 171st out of 182 countries in the dataset.
5. Fertilizer consumption (kilograms per hectare of arable land): Grenada's consumption of 121.31 kilograms per hectare of arable land is slightly below the average of 159.04 kilograms. The country ranks 80th out of 187 countries included in the analysis.
Summary
Grenada's agricultural and fisheries productions, as well as fertilizer consumption, are all significantly below global averages, placing the country in lower rankings compared to other nations. This indicates potential challenges in food security, economic growth, and sustainability within the agricultural sector. Addressing these deficiencies through improved agricultural practices, technology adoption, and efficient resource management could help enhance Grenada's competitiveness and resilience in the global market.
Intellectual Property
Patent applications, nonresidents: Grenada has 16 patent applications by nonresidents, which is significantly below the attribute average of 6538. Grenada ranks 91 out of 129 countries in this dataset.
Trademark applications, nonresident, by count: Grenada has 207 trademark applications by nonresidents, well below the attribute average of 15878. Grenada ranks 124 out of 130 countries for this metric.
Trademark applications, resident, by count: Grenada has 27 trademark applications by residents, far lower than the attribute average of 111055. Grenada ranks 125 out of 129 countries in this category.
Scientific and technical journal articles: Grenada has 56.11 articles in this category, significantly below the average of 15103. Grenada ranks 145 out of 192 countries for scientific and technical journal publications.
Charges for the use of intellectual property, payments (BoP, current US$): Grenada's payments for intellectual property amount to $11,289,640.38, much lower than the average of $3,218,843,494.38. Grenada ranks 100 out of 143 countries in this aspect.
Charges for the use of intellectual property, receipts (BoP, current US$): Grenada receives $12,424.13 for intellectual property use, significantly below the average of $3,191,687,117.58. Grenada ranks 116 out of 122 countries for this metric.
Summary
Grenada's performance in key macroeconomic indicators related to intellectual property, such as patent and trademark applications, scientific publications, and intellectual property payments, lags behind the global averages. This indicates a need for increased innovation and investment in research and development within the country. Strengthening intellectual property rights protection and incentivizing innovation can help Grenada improve its global competitiveness and drive economic growth in the long term.
Broad Economy Attributes
In terms of GDP (current US$), Grenada's value is significantly below the average of $442,870,224,838.68, ranking 177 out of 189 countries.
For GDP, PPP (current international $), Grenada's value is also well below the average of $734,141,122,350.78, placing it at rank 170 out of 181 countries.
Grenada's GDP per capita (current US$) stands at $8,437.54, which is below the average of $15,462.11, ranking 75 out of 190 countries.
Similarly, Grenada's GDP per capita, PPP (current international $) of $13,913.53 falls below the average of $21,251.89, with a rank of 91 out of 181 countries.
In GNI (current US$), Grenada's value is notably lower than the average of $452,040,815,370.70, positioning it at rank 175 out of 185 countries.
When considering GNI, PPP (current international $), Grenada's value is again below the average of $730,698,223,823.47, with a rank of 170 out of 181 countries.
In terms of GNI per capita, PPP (current international $), Grenada's value of $12,920 is beneath the average of $20,615.75, ranking 95 out of 181 countries.
Summary
Grenada lags behind global averages in key macroeconomic indicators such as GDP, GDP per capita, and GNI. This puts the country at a lower rank compared to global peers, signaling a need for focused economic development strategies to improve its economic performance and uplift the standard of living for its citizens.
Broad Value Added
- Grenada's Gross value added at basic prices (GVA) is $875,633,333.33, ranking 168 out of 176 countries. This value is significantly below the average of $360,070,943,595.12.
- The Agriculture, forestry, and fishing value added (% of GDP) in Grenada is 4.90%, placing the country at rank 112 out of 182. This value is notably lower than the average of 10.86%.
- Grenada's Agriculture, forestry, and fishing value added in current US dollars is $51,159,259.26, ranking 173 out of 182 countries. This figure is substantially below the average of $19,924,732,828.07.
- Services value added (% of GDP) in Grenada is 66.81%, surpassing the average of 56.72%. Grenada ranks 37 out of 183 countries in this aspect.
- In terms of Services value added in current US dollars, Grenada's value is $697,129,629.63, significantly lower than the average of $295,837,711,130.69, placing Grenada at rank 174 out of 183.
- Grenada's Industry (including construction) value added in current US dollars is $136,625,925.93, ranking 174 out of 183 countries. This value is notably below the average of $118,421,095,413.50.
Summary
Grenada shows a stark contrast in its key macroeconomic indicators compared to the global averages. With a low Gross value added at basic prices (GVA) and Agriculture, forestry, and fishing value added in both percentage of GDP and current US dollars, Grenada's economic contribution from these sectors falls significantly below the worldwide average. However, the country excels in Services value added, with a higher percentage of GDP and yet a much lower value in current US dollars compared to the average. These indicators shed light on Grenada's economic structure, emphasizing its heavy reliance on the services sector over agriculture and industry.
Manufacturing Value Added
For Manufacturing, value added (current US$), Grenada's value of 32,648,148.15 is significantly below the average of 76,207,179,589.66. This places Grenada at a rank of 166 out of 173 countries in the dataset.
Regarding Manufacturing, value added (% of GDP), Grenada's value of 3.13% is notably lower than the average of 11.90%. This positions Grenada at a rank of 160 out of 173 countries in the dataset.
Summary
Grenada's manufacturing sector, as indicated by the value added in current US dollars and as a percentage of GDP, lags significantly behind the global average. With rankings of 166 and 160 out of 173 countries respectively, this suggests that Grenada's manufacturing industry is relatively small and less integrated into its economy compared to other nations. This could indicate challenges in enhancing economic diversification, creating job opportunities, and fostering sustainable economic growth in Grenada.
Money
1. Inflation, consumer prices (annual %): Grenada has a negative inflation rate of -0.74%, which is significantly below the average of 8.26%. This places Grenada at the 153rd rank out of 165 countries in the dataset.
2. Inflation, GDP deflator (annual %): Grenada's inflation rate by GDP deflator is -0.30%, lower than the average of 6.90%. This ranks Grenada at 143 out of 188 countries in the dataset.
3. Broad money growth (annual %): Grenada's broad money growth rate is -1.21%, well below the average of 18.03%. This places Grenada at the 133rd rank out of 139 countries.
4. Broad money (% of GDP): Grenada has a broad money to GDP ratio of 94.38%, higher than the average of 71.75%. This ranks Grenada at 31 out of 139 countries.
5. Broad money to total reserves ratio: Grenada's ratio is 3.36%, below the average of 5.17%. This places Grenada at the 50th rank out of 126 countries in the dataset.
Summary
Grenada demonstrates a deflationary trend with negative inflation rates in both consumer prices and GDP deflator, accompanied by a contraction in broad money growth. However, Grenada exhibits a higher proportion of broad money relative to its GDP compared to the average. The lower broad money to total reserves ratio indicates potential liquidity challenges. These indicators highlight Grenada's economic stability but also suggest a need for monitoring financial liquidity and addressing deflationary pressures to ensure sustainable economic growth.
Investment
Foreign direct investment, net (BoP, current US$): Grenada has a net foreign direct investment of -155,384,710, which is above the average of -1,615,235,980. Grenada ranks 71 out of 169 countries in this category.
Foreign direct investment, net inflows (BoP, current US$): Grenada's net inflows are 141,277,505, falling below the average of 5,749,271,080. Grenada ranks 123 out of 182 countries for this metric.
Foreign direct investment, net inflows (% of GDP): With a value of 13.54%, Grenada exceeds the average of 2.61%. Grenada holds the 9th position out of 178 countries in this aspect.
Foreign direct investment, net outflows (BoP, current US$): Grenada's net outflows stand at -22,658,038, below the average of 5,707,991,116. Grenada ranks 127 out of 156 countries for this measure.
Foreign direct investment, net outflows (% of GDP): Grenada's net outflows as a percentage of GDP are -2.17%, compared to the average of 1.00%. Grenada ranks 144 out of 155 countries in this category.
Portfolio Investment, net (BoP, current US$): Grenada's net portfolio investment is -11,947,249, lower than the average of 679,559,170. Grenada ranks 89 out of 159 countries in this field.
Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Grenada's investment in bonds is -10,561,000, below the average of 4,134,263,915. Grenada ranks 40 out of 59 countries considered.
Portfolio equity, net inflows (BoP, current US$): Grenada's net equity inflows are -623,551, below the average of 9,197,145,995. Grenada ranks 70 out of 125 countries for this specific metric.
Summary
Grenada displays a mixed performance in foreign direct investment and portfolio investment indicators, with above-average net FDI but below-average net inflows and outflows. The country exceeds the global average in net FDI as a percentage of GDP but lags in portfolio investment metrics. These statistics are crucial as they reflect Grenada's attractiveness to foreign investors, its integration into the global economy, and its ability to manage capital flows effectively in comparison to other nations.
Debt
- Grenada's total debt service (% of GNI) stands at 5.09, slightly below the average of 5.98, ranking 51
out of 120 countries in the dataset.
- The country's public and publicly guaranteed debt service (% of GNI) is 4.57, higher than the average of
2.84, placing Grenada at 23 out of 120 countries.
- Grenada's external debt stocks (% of GNI) are at 67.97, above the average of 65.42, ranking 43 out of
120 countries.
- Debt service on external debt, total (TDS, current US$) for Grenada is 49,281,770.50, significantly
below the average of 9,811,198,539.23, positioning Grenada at 106 out of 123 countries.
- The debt service on external debt, public and publicly guaranteed (PPG) for Grenada is 44,299,800.20,
lower than the average of 3,310,612,057.60, ranking Grenada at 104 out of 123 countries.
- Grenada's external debt stocks, public and publicly guaranteed (PPG) stand at 497,624,115, considerably
below the average of 28,695,879,144.98, placing Grenada at 113 out of 123 countries.
- Grenada's external debt stocks, total (DOD, current US$) are 658,538,747.60, significantly below the
average of 73,845,530,111.82, positioning Grenada at 115 out of 123 countries.
Summary
Grenada's debt indicators paint a mixed picture: while the country's total debt service (% of GNI) and public debt service (% of GNI) are relatively high compared to the global average, its debt service on external debt (both total and public) is significantly below average. Despite this, Grenada's external debt stocks (% of GNI) are relatively high. These indicators are important as they reflect Grenada's ability to manage its debt obligations, showcasing areas of strength and areas for potential improvement in the country's debt management strategies.
Broad Trade Attributes
Regarding Merchandise trade (% of GDP), Grenada's value is 40.25%, below the average of 60.01%. Grenada ranks 129th out of 186 countries in this attribute.
As for Trade in services (% of GDP), Grenada shows a value of 57.40%, notably above the average of 24.63%. Grenada holds the 14th rank out of 171 countries in this aspect.
Summary
Grenada exhibits a lower than average Merchandise trade (% of GDP) at 40.25%, ranking 129th globally, but excels in Trade in services (% of GDP) with a value of 57.40% placing it at the 14th position. These statistics indicate that Grenada relies more heavily on trade in services compared to merchandise trade, showcasing a competitive edge in the services sector which can contribute significantly to its economic growth and diversification.
Net Trade
1. Grenada's Current account balance (BoP, current US$) is -171,391,566.21, which is significantly below the average of $1,443,864,831.49. Grenada ranks 81st out of 170 countries in this attribute.
2. The Current account balance (% of GDP) for Grenada is -16.43%, also notably lower than the average of -2.36%. Grenada is ranked 162nd out of 170 countries.
3. Grenada's Net trade in goods and services (BoP, current US$) is -116,072,140.27, considerably less than the average of $2,604,730,003.57. Grenada holds the 71st position out of 171 countries in this aspect.
4. In terms of Net primary income (BoP, current US$), Grenada stands at -74,595,546.60, above the average of -$903,807,529.74. Grenada ranks 60th out of 170 countries.
5. Grenada's Net secondary income (BoP, current US$) is 19,276,120.66, surpassing the average of -$269,227,340.40. Grenada is ranked 116th out of 170 countries in this category.
6. The Net trade in goods (BoP, current US$) for Grenada is -317,249,762.16, below the average of $1,302,831,005.68. Grenada holds the 85th position out of 171 countries.
7. Grenada's Net capital account (BoP, current US$) is 78,666,379.04, compared to the average of $136,543,824.05. Grenada ranks 74th out of 159 countries in this attribute.
8. The Net financial account (BoP, current US$) for Grenada stands at -81,525,370.71, above the average of -$469,840,994.63. Grenada holds the 79th position out of 170 countries.
Summary
Grenada's current account balance, net trade in goods and services, and net trade in goods are all in deficit, indicating a higher value of imports compared to exports. This could potentially strain Grenada's foreign exchange reserves and impact its overall economic stability. Moreover, Grenada's net financial account is negative, suggesting an outflow of financial resources from the country. Addressing these imbalances is crucial for Grenada to enhance its economic resilience and sustain long-term growth.
Broad Export Attributes
1. Grenada's Exports of goods, services and primary income amount to $444,990,759.55, which is significantly below the average of $146,238,908,936.30. Grenada ranks 158 out of 170 countries in this data set.
2. The value of Grenada's Exports of goods and services is $428,623,055.30, also notably lower than the average of $122,938,540,059.78. Grenada holds the 157th position out of 170 countries in this category.
3. Grenada's Goods exports stand at $28,554,717.45, considerably under the average of $93,310,581,697.39. Grenada is ranked 165th out of 171 countries for this attribute.
4. ICT goods exports account for 1.39% of Grenada's total goods exports, which is notably lower than the average of 3.81%. Grenada's rank for this metric is 53 out of 142 countries.
Summary
Grenada exhibits significantly lower values in key macroeconomic indicators such as total exports, exports of goods and services, goods exports, and ICT goods exports compared to global averages. These lower rankings and values indicate that Grenada's economy is heavily reliant on imports or has limited competitiveness in the global market, which could impede its economic growth and development.
Merchandise Exports
1. Grenada has a Merchandise exports (current US$) value of $25,000,000. This is significantly below the average of $89,542,711,229.95. Grenada ranks 180 out of 187 countries for this attribute.
2. Grenada's Agricultural raw materials exports (% of merchandise exports) is 0.0157%, well below the average of 2.97%. Grenada ranks 147 out of 151 countries for this attribute.
3. Food exports (% of merchandise exports) from Grenada account for 81.43%, much higher than the average of 24.06%. Grenada ranks impressively 7 out of 152 countries.
4. Grenada's Fuel exports (% of merchandise exports) stand at 0.03%, far below the average of 13.70%. Grenada ranks 134 out of 147 countries for this attribute.
5. The Ores and metals exports (% of merchandise exports) from Grenada is 0.66%, significantly lower than the average of 9.10%. Grenada ranks 128 out of 152 countries for this attribute.
6. Grenada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) is 7.72%, higher than the average of 3.20%. Grenada ranks 16 out of 166 countries for this attribute.
Summary
Grenada's macroeconomic indicators show that the country heavily relies on food exports, which account for a large percentage of its total merchandise exports. This positions Grenada favorably in the global market for food products. However, Grenada's exports of agricultural raw materials, fuel, and ores/metals are significantly below the global averages, indicating potential areas for diversification and growth in the country's export economy.
These findings are important as they highlight Grenada's specialization in food exports and its relatively lower involvement in other key export sectors. Diversifying its export base could help Grenada reduce dependency on a single industry and mitigate risks associated with fluctuations in global food markets.
Technology Exports
- Grenada's manufactures exports account for 16.69% of its merchandise exports, which is below the average
of 42.62%. This places Grenada at rank 108 out of 152 countries in the dataset.
- Grenada's high-technology exports amount to $112,035, significantly below the average of
$16,655,934,078.80. Grenada ranks 144 out of 151 countries in this aspect.
- Grenada's high-technology exports constitute 2.98% of its manufactured exports, well below the average
of 10.15%. This places Grenada at rank 103 out of 150 countries in the dataset.
Summary
Grenada's performance in key macroeconomic indicators, such as manufactures exports and high-technology exports, falls below global averages. With manufactures exports accounting for only 16.69% of its merchandise exports, and high-technology exports significantly below the average amount, Grenada ranks relatively low among countries globally. These indicators are important as they highlight Grenada's limited participation in high-value manufacturing sectors, potentially signaling a need for diversification and technological advancement to enhance its economic competitiveness on the global stage.
Service Exports
Grenada's service exports amount to $400,068,337.85, which is significantly below the average of $28,917,292,503.82, placing Grenada at rank 133 out of 171 countries.
The ICT service exports of Grenada are $5,504,103.73, well below the average of $4,578,501,153.77, ranking Grenada at 147 out of 166 countries.
Grenada's ICT service exports as a percentage of total service exports stand at 1.38%, much lower than the average of 11.75%, positioning Grenada at rank 151 out of 166 countries.
Within the service exports, Grenada's communications, computer, etc. services contribute 49.88%, slightly higher than the average of 45.85%, placing Grenada at rank 80 out of 169 countries.
Transport services account for 1.50% of Grenada's service exports, significantly lower than the average of 21.80%, ranking Grenada at 157 out of 169 countries.
Grenada's travel services represent 46.37% of its total service exports, surpassing the average of 26.40%, and positioning Grenada at an impressive rank of 31 out of 167 countries.
Insurance and financial services in Grenada contribute 2.25% to its service exports, below the average of 6.46%, ranking Grenada at 109 out of 161 countries.
Summary
Grenada's service exports are notably below global averages, with its ICT service exports, in particular, falling well short of the average percentage of total service exports. Despite this, Grenada shows strength in travel services, exceeding the global average and achieving a high ranking. The country's relative strengths and weaknesses in different service sectors are crucial as they indicate where Grenada can focus its efforts to enhance its economic competitiveness and participation in the global market.
Commercial Service Exports
Analysis of key stats for various commercial service exports attributes in Grenada:
1. Commercial service exports (current US$): Grenada's value of $396,661,253.89 is significantly below the average of $28,508,218,402.80. Grenada ranks 128th out of 171 countries included in the data.
2. Travel services (% of commercial service exports): Grenada's value of 46.77% is above the average of 27.89%. Grenada ranks 34th out of 167 countries.
3. Computer, communications and other services (% of commercial service exports): Grenada's value of 49.45% is above the average of 42.44%. Grenada ranks 72nd out of 169 countries.
4. Insurance and financial services (% of commercial service exports): Grenada's value of 2.27% is below the average of 6.97%. Grenada ranks 110th out of 161 countries.
5. Transport services (% of commercial service exports): Grenada's value of 1.51% is well below the average of 23.37%. Grenada ranks 158th out of 169 countries.
Summary
Grenada has a relatively low value of commercial service exports compared to the average, ranking 128th out of 171 countries. However, the country excels in the contribution of travel services and computer, communications, and other services to its export sector, ranking 34th and 72nd, respectively. The lower contribution of insurance and financial services, as well as transport services, indicates potential areas for improvement to diversify and strengthen Grenada's export economy.
Broad Import Attributes
- International tourism, expenditures (% of total imports): Grenada's value of 2.20% is below the
attribute average of 3.98%. It ranks 91 out of 131 countries in the dataset.
- ICT goods imports (% total goods imports): Grenada's value of 5.97% is below the attribute average of
6.85%. It ranks 57 out of 143 countries in the dataset.
- Goods imports (BoP, current US$): Grenada's value of $345,804,479.61 is significantly below the
attribute average of $92,007,788,027.17. It ranks 160 out of 171 countries in the dataset.
- Imports of goods and services (BoP, current US$): Grenada's value of $544,695,195.58 is notably below
the attribute average of $120,321,577,988.12. It ranks 159 out of 170 countries in the dataset.
- Imports of goods, services and primary income (BoP, current US$): Grenada's value of $635,658,446.43 is
significantly below the attribute average of $144,514,428,722.28. It ranks 158 out of 170 countries in the
dataset.
Summary
Grenada's key macroeconomic indicators show that the country has relatively low expenditures on international tourism and imports of ICT goods compared to the global average, resulting in lower rankings in the datasets. Additionally, Grenada's imports of goods and services, goods, and primary income are significantly below the attribute averages, positioning the country in lower ranks in terms of these economic activities. These findings are important as they indicate Grenada's limited contribution to global trade and international tourism, which may impact the country's economic growth and development potential. It suggests a potential need for policies to boost trade and tourism sectors to improve the country's economic standing globally.
Merchandise Imports
Analysis of key statistics for Grenada:
1. Merchandise imports (current US$): Grenada's value of $395,000,000 is significantly below the average of $89,385,605,263. Grenada ranks 177 out of 190 countries in this attribute.
2. Manufactures imports (% of merchandise imports): Grenada's value of 58.86% is below the average of 66.75%. Grenada ranks 123 out of 152 countries in this attribute.
3. Agricultural raw materials imports (% of merchandise imports): Grenada's value of 1.80% is above the average of 1.27%. Grenada ranks 29 out of 152 countries in this attribute.
4. Food imports (% of merchandise imports): Grenada's value of 24.56% is above the average of 15.89%. Grenada ranks 19 out of 152 countries in this attribute.
5. Fuel imports (% of merchandise imports): Grenada's value of 13.35% is above the average of 11.38%. Grenada ranks 53 out of 152 countries in this attribute.
6. Ores and metals imports (% of merchandise imports): Grenada's value of 1.09% is below the average of 2.57%. Grenada ranks 110 out of 152 countries in this attribute.
7. Merchandise imports by the reporting economy, residual (% of total merchandise imports): Grenada's value of 7.02% is above the average of 2.51%. Grenada ranks 17 out of 180 countries in this attribute.
Summary
In analyzing Grenada's key macroeconomic indicators, it is evident that the country has a significantly lower value of merchandise imports compared to the global average, ranking 177th out of 190 countries. Grenada also shows a diverse import profile with higher percentages in food and fuel imports compared to the average. Importantly, these statistics indicate Grenada's reliance on imported goods for consumption and production, highlighting the country's trade dynamics and economic dependencies.
Service Imports
Service imports (BoP, current US$): Grenada's value for service imports is significantly below the average of $27,615,356,170.47, ranking at 155 out of 171 countries included in the data.
Communications, computer, etc. (% of service imports, BoP): Grenada's percentage of service imports for communications, computer, etc. is above the average of 44.40%, placing it at a rank of 26 out of 169 countries.
Transport services (% of service imports, BoP): Grenada's percentage of service imports for transport services is below the average of 32.90%, placing it at a rank of 111 out of 169 countries.
Travel services (% of service imports, BoP): Grenada's percentage of service imports for travel services is below the average of 14.14%, placing it at a rank of 144 out of 169 countries.
Insurance and financial services (% of service imports, BoP): Grenada's percentage of service imports for insurance and financial services is above the average of 8.53%, ranking at 54 out of 169 countries.
Summary
Grenada's service imports value is much lower than the global average, positioning it at 155th out of 171 countries. However, its percentages for communications, computer, etc. and insurance and financial services in service imports exceed the global averages, ranking it higher at 26th and 54th respectively. These indicators suggest that Grenada heavily relies on specific service sectors for imports, hinting at potential economic strengths or weaknesses in those particular industries.
Commercial Service Imports
Analysis of key commercial service imports attributes for Grenada:
1. Commercial service imports (current US$): Grenada's value of $194,848,305.96 is significantly below the average of $27,102,746,128.60. Grenada ranks 155 out of 171 countries in this attribute.
2. Computer, communications and other services (% of commercial service imports): Grenada's percentage of 62.35% is above the average of 41.71%. Grenada ranks 26 out of 169 countries in this attribute.
3. Insurance and financial services (% of commercial service imports): Grenada's percentage of 10.10% is above the average of 8.85%. Grenada ranks 54 out of 169 countries in this attribute.
4. Transport services (% of commercial service imports): Grenada's percentage of 23.91% is below the average of 34.71%. Grenada ranks 109 out of 169 countries in this attribute.
5. Travel services (% of commercial service imports): Grenada's percentage of 3.64% is significantly below the average of 14.73%. Grenada ranks 144 out of 169 countries in this attribute.
Summary
Grenada displays a unique import composition compared to other countries, with a larger share of Computer, communications, and other services, as well as Insurance and financial services, in its commercial service imports. However, the country has a significantly lower share of Travel services, which contributes less to its overall commercial service imports. These findings are crucial as they highlight Grenada's reliance on certain service sectors for imports, potentially indicating the country's strengths and vulnerabilities in its economic activities and trade relationships.
Information Technology Infrastructure
For Secure Internet servers, Grenada has 65 servers, significantly below the average of 458,294. Grenada ranks 168 out of 193 countries in this dataset.
In terms of Secure Internet servers per 1 million people, Grenada has 525.62 servers, well below the average of 14,067. Grenada ranks 90 out of 193 countries in this dataset.
Grenada stands out in Individuals using the Internet, with 74.72% of its population online, slightly above the average of 64.77%. Grenada holds the 85th position out of 180 countries.
Regarding Fixed broadband subscriptions, Grenada has 31,952 subscriptions, significantly lower than the average of 6,591,956. Grenada is ranked 142 out of 185 countries.
When it comes to Mobile cellular subscriptions, Grenada has 118,760 subscriptions, notably below the average of 42,526,463. Grenada ranks 178 out of 193 countries in this category.
Summary
Grenada lags behind in key macroeconomic indicators related to internet infrastructure and connectivity, such as secure internet servers, secure internet servers per 1 million people, fixed broadband subscriptions, and mobile cellular subscriptions. This indicates a potential digital divide and limited access to high-speed internet services in Grenada, which could impede the country's competitiveness in the digital economy and global market.
Energy Consumption
1. Grenada's renewable energy consumption is 10.36% of its total final energy consumption. This is significantly below the average of 32.18%. Grenada is ranked 142 out of 191 countries in this attribute.
2. Grenada's CO2 emissions are 324.5 kt, well below the average of 171895.94 kt. Grenada ranks 174 out of 188 countries in terms of CO2 emissions.
Summary
Grenada exhibits a low renewable energy consumption at 10.36% of total final energy consumption, ranking 142 out of 191 countries. Additionally, its CO2 emissions are significantly below the global average at 324.5 kt, positioning Grenada at 174 out of 188 countries in this regard. These statistics highlight Grenada's potential for growth in sustainable energy practices and environmental preservation, indicating room for development towards more eco-friendly policies and initiatives.
Government Balance Sheet
1. Grenada's total reserves account for 44.54% of its total external debt, which is below the average of 66.13%. Grenada is ranked 42 out of 102 countries in this aspect.
2. In terms of reserves and related items in current US dollars, Grenada has $36,393,094.36, significantly below the average of $1,924,407,186.58. Grenada ranks 85 out of 171 countries in this category.
3. Grenada's total reserves minus gold amount to $293,320,432.17, far below the average of $74,221,588,171.61. Grenada ranks 151 out of 161 countries.
4. With total reserves including gold valued at $293,320,432.17, Grenada is below the average of $85,708,019,773.47. Grenada is ranked 152 out of 161 countries in this metric.
5. Grenada's total reserves in months of imports stand at 5.54 months, which is below the average of 7.10 months. Grenada holds the 77th rank out of 151 countries in this regard.
Summary
Grenada's total reserves metrics consistently fall below global averages across various categories including reserves vs. external debt, reserves in USD, reserves excluding gold, reserves including gold, and reserves in months of imports. These findings indicate that Grenada may face challenges in terms of liquidity, financial stability, and ability to withstand external shocks. It highlights the importance for Grenada to focus on building up its reserves to improve its economic resilience and mitigate risks in the future.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Average precipitation in depth (mm per year) | 16/178 |
| Foreign direct investment, net inflows (% of GDP) | 9/178 |
| Trade in services (% of GDP) | 14/171 |
| Food exports (% of merchandise exports) | 7/152 |
| Merchandise exports by the reporting economy, residual (% of total merchandise exports) | 16/166 |
| Merchandise imports by the reporting economy, residual (% of total merchandise imports) | 17/180 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 177/194 |
| Population ages 0-14, total | 179/194 |
| Population ages 15-64, total | 176/194 |
| Population ages 65 and above, total | 176/194 |
| Urban population | 181/194 |
| Land area (sq. km) | 184/194 |
| Surface area (sq. km) | 184/194 |
| Arable land (hectares) | 176/190 |
| Land under cereal production (hectares) | 164/174 |
| Renewable internal freshwater resources, total (billion cubic meters) | 169/178 |
| Cereal production (metric tons) | 168/174 |
| Total fisheries production (metric tons) | 171/182 |
| Trademark applications, nonresident, by count | 124/130 |
| Trademark applications, resident, by count | 125/129 |
| Charges for the use of intellectual property, receipts (BoP, current US$) | 116/122 |
| GDP (current US$) | 177/189 |
| GDP, PPP (current international $) | 170/181 |
| GNI (current US$) | 175/185 |
| GNI, PPP (current international $) | 170/181 |
| Gross value added at basic prices (GVA) (current US$) | 168/176 |
| Agriculture, forestry, and fishing, value added (current US$) | 173/182 |
| Services, value added (current US$) | 174/183 |
| Industry (including construction), value added (current US$) | 174/183 |
| Manufacturing, value added (current US$) | 166/173 |
| Manufacturing, value added (% of GDP) | 160/173 |
| Inflation, consumer prices (annual %) | 153/165 |
| Broad money growth (annual %) | 133/139 |
| Foreign direct investment, net outflows (% of GDP) | 144/155 |
| External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) | 113/123 |
| External debt stocks, total (DOD, current US$) | 115/123 |
| Current account balance (% of GDP) | 162/170 |
| Exports of goods, services and primary income (BoP, current US$) | 158/170 |
| Exports of goods and services (BoP, current US$) | 157/170 |
| Goods exports (BoP, current US$) | 165/171 |
| Merchandise exports (current US$) | 180/187 |
| Agricultural raw materials exports (% of merchandise exports) | 147/151 |
| Fuel exports (% of merchandise exports) | 134/147 |
| High-technology exports (current US$) | 144/151 |
| ICT service exports (% of service exports, BoP) | 151/166 |
| Transport services (% of service exports, BoP) | 157/169 |
| Transport services (% of commercial service exports) | 158/169 |
| Goods imports (BoP, current US$) | 160/171 |
| Imports of goods and services (BoP, current US$) | 159/170 |
| Imports of goods, services and primary income (BoP, current US$) | 158/170 |
| Merchandise imports (current US$) | 177/190 |
| Service imports (BoP, current US$) | 155/171 |
| Commercial service imports (current US$) | 155/171 |
| Mobile cellular subscriptions | 178/193 |
| CO2 emissions (kt) | 174/188 |
| Total reserves minus gold (current US$) | 151/161 |
| Total reserves (includes gold, current US$) | 152/161 |