Budget balance — all countries

Budget balance — Grenada

Budget balance in Grenada in 2031 — 0.4%. Ranked 23 in the world out of 188. Since 1990, the indicator has risen by 8.2 pp.

2031 0.4% +0.1 pp vs 2030
World rank 23of 188
Period maximum 7.9%2023
Period minimum -13.9%2002

Trend over time

1990–2031 · % of GDP

Budget balance — Grenada, 1990–2031-20-100101990199520002005201020152020202520301990: -7.8%1991: -4.3%1992: -1.5%1993: -0.2%1994: -2.8%1995: -0.5%1996: -3%1997: -4.9%1998: -2.4%1999: -1.7%2000: -2.1%2001: -6.1%2002: -13.9%2003: -2.8%2004: -0.6%2005: 0.9%2006: -5.2%2007: -5.9%2008: -3.7%2009: -4.4%2010: -4.1%2011: -4.9%2012: -5.4%2013: -7.2%2014: -4.2%2015: -0.8%2016: 2.7%2017: 3%2018: 4.9%2019: 5%2020: -4.5%2021: 0.3%2022: 0.9%2023: 7.9%2024: 6.9%2025: -5%2026: -5.1%2027: -0.1%2028: 0%2029: 0%2030: 0.3%2031: 0.4%
Change over the period: +8.2 pp Annual average: 0.2 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Grenada

Grenada 0.4%
World computed -4.85%
Latin America & Caribbean computed -3.31%
Budget balance — Grenada, by year Grenada All countries CSV XLSX
Year % Change, pp
2031 0.4 +0.1 pp
2030 0.3 +0.3 pp
2029 0 +0 pp
2028 0 +0.1 pp
2027 -0.1 +5 pp
2026 -5.1 −0.1 pp
2025 -5 −11.9 pp
2024 6.9 −1 pp
2023 7.9 +7 pp
2022 0.9 +0.6 pp
2021 0.3 +4.8 pp
2020 -4.5 −9.5 pp
2019 5 +0.1 pp
2018 4.9 +1.9 pp
2017 3 +0.3 pp
2016 2.7 +3.5 pp
2015 -0.8 +3.4 pp
2014 -4.2 +3 pp
2013 -7.2 −1.8 pp
2012 -5.4 −0.5 pp
2011 -4.9 −0.8 pp
2010 -4.1 +0.3 pp
2009 -4.4 −0.7 pp
2008 -3.7 +2.2 pp
2007 -5.9 −0.7 pp
2006 -5.2 −6.1 pp
2005 0.9 +1.5 pp
2004 -0.6 +2.2 pp
2003 -2.8 +11.1 pp
2002 -13.9 −7.8 pp
2001 -6.1 −4 pp
2000 -2.1 −0.4 pp
1999 -1.7 +0.7 pp
1998 -2.4 +2.5 pp
1997 -4.9 −1.9 pp
1996 -3 −2.5 pp
1995 -0.5 +2.3 pp
1994 -2.8 −2.6 pp
1993 -0.2 +1.3 pp
1992 -1.5 +2.8 pp
1991 -4.3 +3.5 pp
1990 -7.8

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.