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Government Finance of Grenada

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

10.9% 10.7% 73.2%
  • Personal income taxes: 10.9%
  • Corporate income taxes: 10.7%
  • Property taxes: 4.3%
  • Goods and services taxes: 73.2%
  • Other taxes: 0.9%
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Personal income taxes
10.9%
Corporate income taxes
10.7%
Property taxes
4.3%
Goods and services taxes
73.2%
Other taxes
0.9%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 69% #53 / 184 2026
Government Gross Debt (Local currency - XCD) 2.76B - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - XCD) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -5.1% #149 / 189 2026
Fiscal Balance (Local currency - XCD) -206M - 2026
Primary Fiscal Balance (% of GDP) -3.3% #152 / 182 2026
Primary Fiscal Balance (Local currency - XCD) -134M - 2026

Revenue and Spending

Government Revenue (% of GDP) 31.7% #67 / 189 2026
Government Revenue (Local currency - XCD) 1.27B - 2026
Government Spending (% of GDP) 36.9% #65 / 189 2026
Government Spending (Local currency - XCD) 1.48B - 2026

International Reserves

Total Reserves (USD) 423M #151 / 163 2024

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