Grenada: Current account forecast
* indicates monthly or quarterly data series
| Grenada |
Current account balance forecast, percent of GDP |
|---|---|
| Latest value | -11.05 |
| Year | 2028 |
| Measure | percent |
| Data availability | 2014 - 2028 |
| Average | -12.34 |
| Min - Max | -17.01 - -8.85 |
| Source | International Monetary Fund |
The latest value from 2028 is -11.05 percent, an increase from -11.53 percent in 2027. In comparison, the world average is -0.95 percent, based on data from 182 countries. Historically, the average for Grenada from 2014 to 2028 is -12.34 percent. The minimum value, -17.01 percent, was reached in 2024 while the maximum of -8.85 percent was recorded in 2016.
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Definition: The current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The series includes actual historical values for past years and forecast values for the current and the next few years.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth forecast | 2.70 | 2028 | percent |
| Investment forecast | 24.48 | 2028 | percent |
| Inflation forecast | 2.02 | 2028 | percent |
| Budget balance forecast | 0.58 | 2028 | percent |
| Current account forecast | -11.05 | 2028 | percent |