Grenada: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Grenada

Fiscal balance, percent of GDP

 Latest value 0.94
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average -2.66
 Min - Max -14.03 - 4.97
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Grenada from 1990 to 2022. The average value for Grenada during that period was -2.66 percent with a minimum of -14.03 percent in 2002 and a maximum of 4.97 percent in 2019. The latest value from 2022 is 0.94 percent. For comparison, the world average in 2022 based on 151 countries is -2.56 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Grenada - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Grenada - Fiscal balance, percent of GDP - historical chart - 1990-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP 0.94 2022 percent
 Government debt 64.75 2022 percent
 Commercial tax rate 47.80 2019 percent
 Tax preparation time 140 2019 hours
 Number of taxes 42 2019 taxes
 Foreign aid 68.14 2021 million U.S. dollars
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