Grenada: public finances

What is Grenada's debt to GDP ratio?

Grenada's public sector debt was EC$2,835.9 million at the end of 2025, equal to 73.4% of GDP, down from 75.1% a year earlier, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for Grenada, using Ministry of Finance data. Domestic debt was about 22.8% of GDP and external debt 50.7%.

The ratio fell because of debt repayments and nominal GDP growth. The total includes the debt of PetroCaribe, a public-private entity. The Eastern Caribbean currency union has a regional target of 60% of GDP, which the bank projects Grenada will reach by 2035. It forecasts the ratio at 74.0% in 2026 and 2027.

Official sources: ECCB: Grenada Economic and Financial Review, 2025 update (PDF)

Does Grenada have a budget deficit?

Grenada's government ran an overall deficit of EC$200.4 million in 2025, equal to 5.2% of GDP, after a surplus of 9.1% of GDP in 2024, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for Grenada. The primary balance, which leaves out interest, was a deficit of 1.6% of GDP.

The swing came from higher capital spending, at 13.0% of GDP, and lower revenue from citizenship by investment (CBI), which fell to 5.0% of GDP from 15.2% in 2024, when a backlog of applications was cleared. Tax revenue was 24.3% of GDP. The bank says the deficit was financed from the government's own savings, and forecasts a primary surplus of 1.6% of GDP in 2027.

Official sources: ECCB: Grenada Economic and Financial Review, 2025 update (PDF)

What is Grenada's national debt?

According to the IMF, general government gross debt in Grenada was 69.4% of GDP in 2025. The peak was 105.4% of GDP in 2013 and the low 62.7% of GDP in 2019. It is 13th highest of 31 in Latin America & Caribbean, where the median is 65.6% of GDP. Worldwide: 56th of 185.

What is Grenada's budget deficit?

In 2025, general government net lending or borrowing in Grenada was -5.0% of GDP, according to the IMF, a deficit. The peak was 7.9% of GDP in 2023 and the low -7.2% of GDP in 2013. Across Latin America & Caribbean the middle value was -2.8% of GDP, and Grenada placed 24th highest of 32. World rank, highest first: 145th of 188.

How much does Grenada's government take in?

32.9% of GDP: that is general government revenue in Grenada for 2025, according to the IMF. Its high point since 2005 was 2024, at 43.8% of GDP; its low point was 2012, at 20.8% of GDP. Latin America & Caribbean median: 24.9% of GDP; Grenada is 4th highest of 32. World rank, highest first: 64th of 187.

What is Grenada's government spending?

The latest figure from the IMF, for 2025, is 38.0% of GDP. No year since 2005 has been higher. Latin America & Caribbean median: 26.7% of GDP; Grenada is 6th highest of 32. Worldwide: 59th of 186.