Comparative advantage in environmental goods in Grenada
Grenada: Comparative advantage in environmental goods was 0.2568 index in 2008. ◆ Volatile
Comparative advantage in environmental goods in Grenada, 1998–2008
Source: IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations. Measured in index.
Analysis
In 2008, comparative advantage in environmental goods in Grenada stood at 0.2568 index.
Compared with earlier readings it is up 119.4% on the previous year and down 57.5% over ten years.
Over the whole period, comparative advantage in environmental goods in Grenada peaked at 1.32 index in 1999 and was at its lowest, 0.0405 index, in 2002.
That places Grenada 84th out of 163 countries with data for 2008, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Comparative advantage in environmental goods in Grenada, year by year
| Year | index | Change |
|---|---|---|
| 1998 | 0.6037 index | — |
| 1999 | 1.32 index | +118.3% |
| 2000 | 0.5745 index | -56.4% |
| 2001 | 0.0857 index | -85.1% |
| 2002 | 0.0405 index | -52.7% |
| 2003 | 0.6065 index | +1397.3% |
| 2004 | 1.28 index | +110.4% |
| 2005 | 0.1397 index | -89.1% |
| 2006 | 0.0828 index | -40.8% |
| 2007 | 0.117 index | +41.4% |
| 2008 | 0.2568 index | +119.4% |
Grenada compared with similar countries
- Grenada's 0.2568 index is below the median for upper middle income countries, which is 0.2896 index, 89% of the median. (49 countries reporting)
- Grenada's 0.2568 index is above the median for Latin America & Caribbean, which is 0.2095 index, 1.2× the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9608 index | 0.6037 index | 1.32 index | 2 |
| 2000s | 0.3533 index | 0.0405 index | 1.28 index | 9 |
Countries ranked near Grenada
- 81 Bahrain 0.2743 index compare
- 82 Montenegro 0.2677 index
- 83 Ukraine 0.2648 index compare
- 85 Laos 0.246 index
- 86 Saudi Arabia 0.2438 index compare
- 87 Bhutan 0.2415 index compare
More reference data data for Grenada
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0023 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0047 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.007 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.007 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0076 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0034 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0219 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0331 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0001 (2050)
Frequently asked questions
- What is comparative advantage in environmental goods in Grenada?
- Comparative advantage in environmental goods in Grenada was 0.2568 index in 2008, according to IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations.
- What is the highest comparative advantage in environmental goods recorded in Grenada?
- The highest recorded value was 1.32 index in 1999.
- What is the lowest comparative advantage in environmental goods recorded in Grenada?
- The lowest recorded value was 0.0405 index in 2002.
- How does Grenada rank for comparative advantage in environmental goods?
- Grenada ranks 84th out of 163 countries with data for 2008.
- Is comparative advantage in environmental goods rising or falling in Grenada?
- Over the last ten years it is down 57.5%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as part of Comparative advantage in environmental goods (index). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” Comparative advantage is a measure of the relative advantage or disadvantage a particular country has in a certain class of goods (in this case, environmental goods), and can be used to evaluate export potential in that class of goods. Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.