Grenada: Export value index (2015 = 100)

Key figures

What the numbers say

In 2024, Grenada's export value index (2015 = 100) fell 38.4 on 2023 (from 140.7 to 102.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was +3.14 and a typical year strayed about 15.48 from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 31.6 in 2021 and the biggest yearly fall was 38.4 in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 28% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Grenada had the 172nd highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Grenada in the 2024 ranking

• Bolivia — 169th of 204: 103.8
• Curaçao — 170th of 204: 103.6
• New Caledonia — 171st of 204: 102.5
• Afghanistan — 173rd of 204: 99.1
• Guinea-Bissau — 174th of 204: 97.6
• Israel — 175th of 204: 97.2

What this measures

Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.

All 20 values

Export value index (2015 = 100) in nearby economies

• Antigua and Barbuda — 47.5 (2024)
• Argentina — 140.4 (2024)
• Aruba — 49.9 (2024)
• Bahamas, The — 159.1 (2024)
• Barbados — 95.4 (2024)
• Belize — 95.4 (2024)
• Bolivia — 103.8 (2024)
• Brazil — 180.4 (2024)
• British Virgin Islands — 56.1 (2024)
• Cayman Islands — 91 (2024)
• Chile — 159.9 (2024)

More trade data for Grenada

• Import volume index (2015 = 100) — 134.7 (2024)
• Import value index (2015 = 100) — 173.2 (2024)
• Net barter terms of trade index (2015 = 100) — 86.1 (2024)
• Export volume index (2015 = 100) — 92.4 (2024)
• Binding coverage, manufactured products (%) — 99.97% (2022)
• Bound rate, simple mean, manufactured products (%) — 50.58% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 11.75% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.87% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 12.04% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Grenada's export value index (2015 = 100)?

102.3 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 21.64% from 84.1 in 2005 (1.04% a year on average, compounded). The highest value was 140.7 in 2023 and the lowest 74.9 in 2020.

How does Grenada rank?

172nd highest of 204 economies with data for 2024.

Is the latest change in export value index (2015 = 100) unusual for Grenada?

In 2024, Grenada's export value index (2015 = 100) fell 38.4 on 2023 (from 140.7 to 102.3). Across the 18 yearly changes before that (2006 to 2023), the average change was +3.14 and a typical year strayed about 15.48 from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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