Insurance and financial services in Grenada
Grenada: Insurance and financial services was 9.1% in 2025. ▲ Rising
Insurance and financial services in Grenada, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Grenada recorded 9.1% for insurance and financial services in 2025.
The figure is up 1.1% on the previous year and up 22.1% over ten years.
Over the whole period, insurance and financial services in Grenada peaked at 12.8% in 2005 and was at its lowest, 3.3%, in 1984.
That places Grenada 61st out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in Grenada, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 6.6% | — |
| 1978 | 5.1% | -22.8% |
| 1979 | 3.8% | -25.9% |
| 1980 | 4.8% | +27.8% |
| 1981 | 4.7% | -1.4% |
| 1982 | 3.5% | -26.0% |
| 1983 | 4.2% | +21.5% |
| 1984 | 3.3% | -23.4% |
| 1985 | 3.4% | +5.9% |
| 1986 | 9.7% | +180.8% |
| 1987 | 9.6% | -0.4% |
| 1988 | 9.2% | -4.3% |
| 1989 | 8.9% | -3.4% |
| 1990 | 7.8% | -12.1% |
| 1991 | 9.7% | +24.3% |
| 1992 | 10.2% | +5.2% |
| 1993 | 12.4% | +20.8% |
| 1994 | 9.8% | -20.7% |
| 1995 | 8.2% | -15.9% |
| 1996 | 7.9% | -4.5% |
| 1997 | 9.9% | +25.7% |
| 1998 | 9.8% | -1.2% |
| 1999 | 8.4% | -14.1% |
| 2000 | 10.6% | +25.7% |
| 2001 | 12.3% | +16.7% |
| 2002 | 10.8% | -12.6% |
| 2003 | 12.8% | +18.3% |
| 2004 | 12.0% | -6.3% |
| 2005 | 12.8% | +7.3% |
| 2006 | 12.1% | -5.6% |
| 2007 | 12.2% | +0.9% |
| 2008 | 11.0% | -9.8% |
| 2009 | 10.7% | -2.9% |
| 2010 | 10.2% | -4.5% |
| 2011 | 10.2% | -0.1% |
| 2012 | 9.5% | -7.3% |
| 2013 | 9.8% | +3.4% |
| 2014 | 8.6% | -12.5% |
| 2015 | 7.5% | -13.0% |
| 2016 | 8.1% | +8.6% |
| 2017 | 9.0% | +11.3% |
| 2018 | 9.6% | +6.8% |
| 2019 | 9.5% | -1.6% |
| 2020 | 10.1% | +6.6% |
| 2021 | 11.3% | +11.7% |
| 2022 | 9.2% | -18.1% |
| 2023 | 7.4% | -20.3% |
| 2024 | 9.0% | +22.2% |
| 2025 | 9.1% | +1.1% |
Grenada compared with similar countries
- Grenada's 9.1% is above the median for upper middle income countries, which is 6.3%, 1.5× the median. (55 countries reporting)
- Grenada's 9.1% is below the median for Latin America & Caribbean, which is 10.1%, 90% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Grenada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +180.8% | 3.4% | 9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.1% | 3.8% | 6.6% | 3 |
| 1980s | 6.1% | 3.3% | 9.7% | 10 |
| 1990s | 9.4% | 7.8% | 12.4% | 10 |
| 2000s | 11.7% | 10.6% | 12.8% | 10 |
| 2010s | 9.2% | 7.5% | 10.2% | 10 |
| 2020s | 9.3% | 7.4% | 11.3% | 6 |
Countries ranked near Grenada
More private sector data for Grenada
- Merchandise trade 48.4% (2025)
- Food imports 24.2% (2024)
- Manufactures imports 56.2% (2024)
- Merchandise imports 653.00 million current US$ (2025)
- Food exports 69.1% (2024)
- Manufactures exports 28.6% (2024)
- Merchandise exports 35.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 298.37 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -18.6 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Grenada?
- Insurance and financial services in Grenada was 9.1% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Grenada?
- The highest recorded value was 12.8% in 2005.
- What is the lowest insurance and financial services recorded in Grenada?
- The lowest recorded value was 3.3% in 1984.
- How does Grenada rank for insurance and financial services?
- Grenada ranks 61st out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Grenada?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is rising.
- Where does this Grenada data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.