Grenada's trade in services (% of GDP) was 81.2% in 2025, the latest year in the World Bank's World Development Indicators. That is up 16.13 percentage points from 65.08% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 81.2% | 2025 |
| Five years earlier | 57.41% | 2020 |
| Ten years earlier | 65.08% | 2015 |
| Highest | 86.59% | 2024 |
| Lowest | 26.04% | 1978 |
| Average since 2016 | 72.26% | 2016–2025 |
| First recorded | 26.51% | 1977 |
What the numbers say
In 2025, Grenada's trade in services (% of GDP) fell 5.39 percentage points on 2024 (from 86.59% to 81.2%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +1.41 percentage points and a typical year strayed about 4.77 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 11.25 percentage points in 2023 and the biggest yearly fall was 14.54 percentage points 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 2.33 percentage points a year. A straight line explains 53% 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 10th highest value of the 135 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 | 81.2% | 2025 |
| World | 15.19% | 2025 |
| Latin America & Caribbean | 8.91% | 2025 |
| Upper middle income | 7.79% | 2025 |
Closest to Grenada in the 2025 ranking
- Maldives — 6th of 135: 99.36%
- Macao SAR, China — 7th of 135: 97.52%
- Suriname — 8th of 135: 84.22%
- St. Lucia — 10th of 135: 78.16%
- Antigua and Barbuda — 11th of 135: 78.09%
- St. Kitts and Nevis — 12th of 135: 66.54%
What this measures
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 49 values
| Year | Trade in services (% of GDP) |
|---|---|
| 2025 | 81.2 |
| 2024 | 86.59 |
| 2023 | 85.76 |
| 2022 | 74.5 |
| 2021 | 64.4 |
| 2020 | 57.41 |
| 2019 | 71.95 |
| 2018 | 69.58 |
| 2017 | 66.65 |
| 2016 | 64.54 |
| 2015 |
Trade in services (% of GDP) in nearby economies
- Antigua and Barbuda — 78.09% (2025)
- Argentina — 7.07% (2025)
- Aruba — 111.26% (2023)
- Bahamas, The — 52.86% (2024)
- Barbados — 37.79% (2017)
- Belize — 47.07% (2025)
- Bolivia — 5.6% (2025)
- Brazil — 7% (2025)
- Chile — 9.78% (2025)
- Colombia — 8.74% (2025)
- Costa Rica — 25.95% (2025)
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 trade in services (% of GDP)?
- 81.2% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 54.7 percentage points from 26.51% in 1977. The highest value was 86.59% in 2024 and the lowest 26.04% in 1978.
- How does Grenada rank?
- 10th highest of 135 economies with data for 2025.
- Is the latest change in trade in services (% of GDP) unusual for Grenada?
- In 2025, Grenada's trade in services (% of GDP) fell 5.39 percentage points on 2024 (from 86.59% to 81.2%). Across the 30 yearly changes before that (1995 to 2024), the average change was +1.41 percentage points and a typical year strayed about 4.77 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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