Grenada: Merchandise exports by the reporting economy (current US$)

Key figures

What the numbers say

In 2023, Grenada's merchandise exports by the reporting economy (current US$) rose 58.2% on 2022 (from US$13.89 million to US$21.98 million).

Across the 30 yearly changes before that (1993 to 2022), the average change was −0.5% and a typical year strayed about 28.4% from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 112.6% in 1992 and the biggest yearly fall was 62% in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is downward, about US$919,154 a year. A straight line explains 41% of the movement over 10 observed years.

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

How it compares

In 2023, Grenada had the 198th highest value of the 205 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 2023 ranking

• Comoros — 195th of 205: US$48.76 million
• Samoa — 196th of 205: US$32.87 million
• Bermuda — 197th of 205: US$31.8 million
• American Samoa — 199th of 205: US$17.41 million
• São Tomé and Principe — 200th of 205: US$16.34 million
• Tonga — 201st of 205: US$9.38 million

What this measures

Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.

Regional and income-group figures are computed by the World Bank as a sum.

All 51 values

Merchandise exports by the reporting economy (current US$) in nearby economies

• Antigua and Barbuda — US$71.33 million (2023)
• Argentina — US$65.24 billion (2023)
• Aruba — US$109.76 million (2023)
• Bahamas, The — US$1.09 billion (2023)
• Barbados — US$320.52 million (2023)
• Belize — US$252.98 million (2023)
• Bolivia — US$10.81 billion (2023)
• Brazil — US$339.27 billion (2023)
• Chile — US$94.03 billion (2023)

More private sector & trade data for Grenada

• Merchandise imports (current US$) — US$653 million (2025)
• Merchandise exports (current US$) — US$35 million (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 83.99% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 7.09% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0.04% (2023)
• Merchandise imports by the reporting economy (current US$) — US$540.49 million (2023)
• Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) — 7.09% (2023)

Reading data like this

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Questions people ask

What is Grenada's merchandise exports by the reporting economy (current US$)?

US$21.98 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1973?

It is up 223.42% from US$6.8 million in 1973 (2.38% a year on average, compounded). The highest value was US$74.67 million in 2000 and the lowest US$6.8 million in 1973.

How does Grenada rank?

198th highest of 205 economies with data for 2023.

Is the latest change in merchandise exports by the reporting economy (current US$) unusual for Grenada?

In 2023, Grenada's merchandise exports by the reporting economy (current US$) rose 58.2% on 2022 (from US$13.89 million to US$21.98 million). Across the 30 yearly changes before that (1993 to 2022), the average change was −0.5% and a typical year strayed about 28.4% from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) 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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