Current Account Balance: Grenada
Grenada's current account balance is currently -13.9 % of GDP as of 2026. # Grenada Current Account Balance Grenada's current account balance stood at -13.
Current (2026)
-13.9 % of GDP
+12.6% y/y
Peak (2016)
-8.8 % of GDP
Low (2023)
-18.2 % of GDP
Source
IMF World Economic Outlook
2014–2026 · 17 pts
Current Account Balance — Grenada
2014 — 2026
Current Account Balance — Grenada
Analysis# Grenada Current Account Balance
Grenada's current account balance stood at -13.9% of GDP in 2026, reflecting a persistent external deficit. The deficit has deteriorated significantly since 2014, declining 52.7% over the period. While the 2026 projection marks improvement from the 2023 low of -18.2%, it remains substantially weaker than the 2016 peak of -8.8%, indicating Grenada continues to import far more than it exports.
The trajectory reveals acute vulnerability during 2023, when the deficit spiked to its worst level in the data range. Recovery began in 2024 and 2025, with the deficit narrowing from -16.3% to -15.9%. The projected -13.9% for 2026 suggests continued gradual improvement, though external imbalances remain structurally significant and well above pre-2016 levels.
Historical Data
17 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -12.3 % of GDP | +3.15% |
| 2029 | -12.7 % of GDP | +2.31% |
| 2028 | -13 % of GDP | +2.99% |
| 2027 | -13.4 % of GDP | +3.60% |
| 2026 | -13.9 % of GDP | +12.58% |
| 2025 | -15.9 % of GDP | +2.45% |
| 2024 | -16.3 % of GDP | +10.44% |
| 2023 | -18.2 % of GDP | -50.41% |
| 2022 | -12.1 % of GDP | +15.97% |
| 2021 | -14.4 % of GDP | +10.56% |
| 2020 | -16.1 % of GDP | -56.31% |
| 2019 | -10.3 % of GDP | +19.53% |
| 2018 | -12.8 % of GDP | -11.30% |
| 2017 | -11.5 % of GDP | -30.68% |
| 2016 | -8.8 % of GDP | +16.98% |
| 2015 | -10.6 % of GDP | -16.48% |
| 2014 | -9.1 % of GDP | — |
Related Data
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For Grenada
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