Grenada: Oil rents (% of GDP)

Key figures

What the numbers say

From 2012 to 2021 there is no clear straight-line trend: a straight line explains less than 1% 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 2021, Grenada had the 114th highest value of the 188 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 2021 ranking

• Fiji — 137th of 188: 0%
• French Polynesia — 138th of 188: 0%
• Gambia, The — 139th of 188: 0%
• Guam — 141st of 188: 0%
• Guinea — 142nd of 188: 0%
• Guinea-Bissau — 143rd of 188: 0%

What this measures

Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.

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

All 42 values

Oil rents (% of GDP) in nearby economies

• Antigua and Barbuda — 0% (2021)
• Argentina — 1.54% (2021)
• Aruba — 0% (2021)
• Bahamas, The — 0% (2021)
• Barbados — 0.31% (2021)
• Belize — 0.28% (2021)
• Bolivia — 1.26% (2021)
• Brazil — 2.6% (2021)
• Cayman Islands — 0% (2021)
• Chile — 0.01% (2021)
• Colombia — 3.42% (2021)
• Costa Rica — 0.00897% (2021)

More environment data for Grenada

• Rural population — 74,287 (2025)
• Rural population (% of total population) — 63.33% (2025)
• Urban population — 43,016 (2025)
• Urban population (% of total population) — 36.67% (2025)
• Aquaculture production (metric tons) — 26 (2024)
• Capture fisheries production (metric tons) — 2,157 (2024)
• Total fisheries production (metric tons) — 2,183 (2024)
• Rural population growth (annual %) — -0.09% (2025)
• Urban population growth (annual %) — 0.38% (2025)
• Agricultural land (sq. km) — 80 (2024)

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 oil rents (% of GDP)?

0% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is unchanged since 1980. The highest value was 0% in 1980 and the lowest 0% in 1980.

How does Grenada rank?

114th highest of 188 economies with data for 2021.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: The Changing Wealth of Nations, World Bank (WB), uri: https://www.worldbank.org/en/publication/changing-wealth-of-nations/data, note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations., publisher: World Bank (WB); Staff estimates, Wo….

Source

World Bank, World Development Indicators, indicator NY.GDP.PETR.RT.ZS, licensed CC BY 4.0. Original source: The Changing Wealth of Nations, World Bank (WB), uri: https://www.worldbank.org/en/publication/changing-wealth-of-nations/data, note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations., publisher: World Bank (WB); Staff estimates, Wo… 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.