Grenada's merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 7.09% in 2023, the latest year in the World Bank's World Development Indicators. That is up 1.71 percentage points from 5.37% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.09% | 2023 |
| Five years earlier | 5.48% | 2018 |
| Ten years earlier | 5.37% | 2013 |
| Highest | 13.66% | 1982 |
| Lowest | 2.34% | 1999 |
| Average since 2014 | 7.12% | 2014–2023 |
| First recorded | 4.06% | 1969 |
What the numbers say
In 2023, Grenada's merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) fell 0.51 percentage points on 2022 (from 7.6% to 7.09%).
Across the 30 yearly changes before that (1993 to 2022), the average change was +0.01 percentage points and a typical year strayed about 1.54 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 3.96 percentage points in 1988 and the biggest yearly fall was 8.39 percentage points in 1983. 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 there is no clear straight-line trend: a straight line explains 3% 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 2023, Grenada had the 37th highest value of the 197 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.
| Value | Year | |
|---|---|---|
| Grenada | 7.09% | 2023 |
| World | 5.8% | 2023 |
| Latin America & Caribbean | 13.38% | 2023 |
| Upper middle income | 6.48% | 2023 |
Closest to Grenada in the 2023 ranking
- St. Vincent and the Grenadines — 34th of 197: 8.42%
- China — 35th of 197: 7.89%
- Barbados — 36th of 197: 7.19%
- Mauritius — 38th of 197: 5.11%
- Mauritania — 39th of 197: 5.11%
- Egypt, Arab Rep. — 40th of 197: 5.07%
What this measures
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 54 values
| Year | Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) |
|---|---|
| 2023 | 7.09 |
| 2022 | 7.6 |
| 2021 | 8.28 |
| 2020 | 7.12 |
| 2019 | 7.74 |
| 2018 | 5.48 |
| 2017 | 6.86 |
| 2016 | 5.7 |
| 2015 | 7.07 |
| 2014 | 8.27 |
Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in nearby economies
- Antigua and Barbuda — 11.04% (2023)
- Argentina — 34.37% (2023)
- Aruba — 10.42% (2023)
- Bahamas, The — 2.58% (2023)
- Barbados — 7.19% (2023)
- Belize — 24.64% (2023)
More private sector & trade data for Grenada
- Merchandise imports (current US$) — US$653 million (2025)
- Merchandise exports (current US$) — US$35 million (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 83.99% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0.04% (2023)
- Merchandise imports by the reporting economy (current US$) — US$540.49 million (2023)
- Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) — 7.09% (2023)
- Merchandise exports to high-income economies (% of total merchandise exports) — 66.23% (2023)
- Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
Reading data like this
Questions people ask
- What is Grenada's merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)?
- 7.09% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1969?
- It is up 3.03 percentage points from 4.06% in 1969. The highest value was 13.66% in 1982 and the lowest 2.34% in 1999.
- How does Grenada rank?
- 37th highest of 197 economies with data for 2023.
- Is the latest change in merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) unusual for Grenada?
Source
World Bank, World Development Indicators, indicator TM.VAL.MRCH.R3.ZS, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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