Grenada: Economic globalization

* indicates monthly or quarterly data series

Economic globalization index (0-100)

 Latest value 55.00
 Year 2021
 Measure points
 Data availability 1974 - 2021
 Average 47.18
 Min - Max 28.04 - 65.25
 Source The Swiss Institute of Technology in Zurich
For that indicator, we provide data for Grenada from 1974 to 2021. The average value for Grenada during that period was 47.18 points with a minimum of 28.04 points in 1974 and a maximum of 65.25 points in 2015. The latest value from 2021 is 55 points. For comparison, the world average in 2021 based on 184 countries is 58.31 points. 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 - Economic globalization - Recent values chart

Historical chart
Grenada - Economic globalization - historical chart - 1974-2021

The KOF Economic Globalization Index for Grenada and other countries has two dimensions. First, it measures the economic flows between Grenada and the rest of the world in terms of international trade and international investment. The question is whether Grenada exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.

 Related indicators Latest value Reference Measure
 Overall globalization 52.00 2021 points
 Economic globalization 55.00 2021 points
 Political globalization 33.00 2021 points
 Social globalization 70.00 2021 points
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