Grenada: Primary government expenditures as a proportion of original approved budget (%)

Key figures

What the numbers say

In 2022, Grenada's primary government expenditures as a proportion of original approved budget (%) rose 33.3 percentage points on 2021 (from 73.22% to 106.52%).

Across the 13 yearly changes before that (2007 to 2021), the average change was −1.39 percentage points and a typical year strayed about 10.64 percentage points from that (the standard deviation). This year's change was 3.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 33.3 percentage points in 2022 and the biggest yearly fall was 21.52 percentage points in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is upward, about 3 percentage points a year. A straight line explains 43% 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 2022, Grenada had the 12th highest value of the 46 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 2022 ranking

• Guyana — 9th of 46: 111.26%
• Latvia — 10th of 46: 109.44%
• Jamaica — 11th of 46: 107.5%
• Belarus — 13th of 46: 106.37%
• Ghana — 14th of 46: 105.82%
• Norway — 15th of 46: 105.34%

What this measures

Primary government expenditures as a proportion of original approved budget measures the extent to which aggregate budget expenditure outturn reflects the amount originally approved, as defined in government budget documentation and fiscal reports. The coverage is budgetary central government (BCG) and the time period covered is the last three completed fiscal years.

Limitations: Although not all countries have used the PEFA methodology on an annual basis for the PEFA PI-1 indicator, the methodology relies on standard data sets for approved and final budget outturns which are commonly produced at least annually in every country. The countries that have not used the methodology to date are primarily highly developed countries which would have less difficulty in providing the necessary data than those in the lower and middle income categories that have been primary users of Public Expenditure and Financial Accountability (PEFA) to date. (As of: 2024-07-29) One limitation of the indicator is that it is an aggregate indicator of budget reliability.

All 16 values

Primary government expenditures as a proportion of original approved budget (%) in nearby economies

• Antigua and Barbuda — 95.49% (2019)
• Argentina — 128.21% (2021)
• Belize — 101.14% (2022)
• Bolivia — 82.65% (2022)
• Brazil — 100.83% (2021)
• Chile — 100.6% (2022)
• Colombia — 88.98% (2022)
• Costa Rica — 95.59% (2021)

More public sector data for Grenada

• Intentional homicides (per 100,000 people) — 13.67 (2023)
• CPIA business regulatory environment rating (1=low to 6=high) — 3 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3.5 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 4 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 4 (2025)
• CPIA quality of budgetary and financial management rating (1=low to 6=high) — 3 (2025)
• CPIA financial sector rating (1=low to 6=high) — 3.5 (2025)
• CPIA fiscal policy rating (1=low to 6=high) — 4 (2025)
• CPIA gender equality rating (1=low to 6=high)

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 primary government expenditures as a proportion of original approved budget (%)?

106.52% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 9.94 percentage points from 116.46% in 2006. The highest value was 116.76% in 2008 and the lowest 56.69% in 2013.

How does Grenada rank?

12th highest of 46 economies with data for 2022.

Is the latest change in primary government expenditures as a proportion of original approved budget (%) unusual for Grenada?

Source

World Bank, World Development Indicators, indicator GF.XPD.BUDG.ZS, licensed CC BY 4.0. Original source: Public Expenditure and Financial Accountability (PEFA), World Bank (WB), uri: https://www.pefa.org/node/5239, note: The raw data collected in order to calculate this indicator are the initially Approved and Executed Budgets. 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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