Grenada's taxes less subsidies on products (constant LCU) was 464.58 million in 2025, the latest year in the World Bank's World Development Indicators. That is up 47.84% from 314.24 million in 2015 (3.99% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 464.58 million | 2025 |
| Five years earlier | 345.27 million | 2020 |
| Ten years earlier | 314.24 million | 2015 |
| Highest | 464.58 million | 2025 |
| Lowest | 77.76 million | 1977 |
| Average since 2016 | 400.29 million | 2016–2025 |
| First recorded | 77.76 million |
What the numbers say
In 2025, Grenada's taxes less subsidies on products (constant LCU) rose 4.4% on 2024 (from 444.91 million to 464.58 million).
Across the 30 yearly changes before that (1995 to 2024), the average change was +4.1% and a typical year strayed about 8.6% from that (the standard deviation). This year's change was 0.0 standard deviations above 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 19.1% in 1987 and the biggest yearly fall was 13.9% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 10.01 million a year. A straight line explains 50% 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 2025, Grenada had the 140th highest value of the 152 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 2025 ranking
- Bahrain — 137th of 152: 722.65 million
- Belize — 138th of 152: 687.41 million
- Antigua and Barbuda — 139th of 152: 563.21 million
- St. Vincent and the Grenadines — 141st of 152: 444.25 million
- Samoa — 142nd of 152: 405.45 million
- Dominica — 143rd of 152: 381.56 million
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 49 values
| Year | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2025 | 464,582,432 |
| 2024 | 444,910,000 |
| 2023 | 451,640,000 |
| 2022 | 398,890,000 |
| 2021 | 352,330,000 |
| 2020 | 345,270,000 |
| 2019 | 400,960,000 |
| 2018 | 408,990,000 |
| 2017 | 379,640,000 |
| 2016 | 355,650,000 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Antigua and Barbuda — 563.21 million (2025)
- Argentina — 131.42 billion (2025)
- Aruba — 1.02 billion (2023)
- Bahamas, The — 1.49 billion (2024)
- Barbados — 1.6 billion (2025)
- Belize — 687.41 million (2025)
- Bolivia — 30.68 billion (2024)
- Brazil — 722.57 billion (2025)
- Cayman Islands — 272.9 million (2024)
- Chile
More economic policy & debt data for Grenada
- Total reserves, including gold (current US$) — US$408.15 million (2025)
- Total reserves, excluding gold (current US$) — US$408.15 million (2025)
- External debt stocks, total (DOD, current US$) — US$863.28 million (2024)
- External debt stocks, long-term (DOD, current US$) — US$786.99 million (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$786.99 million (2024)
- Short-term debt (% of total external debt) — 1.82% (2024)
- Net financial flows, bilateral (NFL, current US$) — US$6.5 million (2024)
- IFC, private nonguaranteed (NFL, current US$) — US$0 (2024)
- PPG, official creditors (NFL, current US$)
Reading data like this
Questions people ask
- What is Grenada's taxes less subsidies on products (constant LCU)?
- 464.58 million in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 497.46% from 77.76 million in 1977 (3.79% a year on average, compounded). The highest value was 464.58 million in 2025 and the lowest 77.76 million in 1977.
- How does Grenada rank?
- 140th highest of 152 economies with data for 2025.
- Is the latest change in taxes less subsidies on products (constant LCU) unusual for Grenada?
- In 2025, Grenada's taxes less subsidies on products (constant LCU) rose 4.4% on 2024 (from 444.91 million to 464.58 million). Across the 30 yearly changes before that (1995 to 2024), the average change was +4.1% and a typical year strayed about 8.6% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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