Comparative advantage in environmental goods in Grenada

Grenada: Comparative advantage in environmental goods was 0.2568 index in 2008. ◆ Volatile

Latest (2008)
0.2568 index
Change on year
up 119.4%
World rank
84th
of 163 countries
All-time high
1.32 index
in 1999
All-time low
0.0405 index
in 2002
Years of data
11
1998–2008

Comparative advantage in environmental goods in Grenada, 1998–2008

00.511.51998200320081998: 0.604 index1999: 1.3 index2000: 0.574 index2001: 0.086 index2002: 0.041 index2003: 0.607 index2004: 1.3 index2005: 0.14 index2006: 0.083 index2007: 0.117 index2008: 0.257 index

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 81 Bahrain 0.2743 index compare
  2. 82 Montenegro 0.2677 index
  3. 83 Ukraine 0.2648 index compare
  4. 85 Laos 0.246 index
  5. 86 Saudi Arabia 0.2438 index compare
  6. 87 Bhutan 0.2415 index compare

See the full ranking of 163 places →

More reference data data for Grenada

All data for Grenada →

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.

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About this data

Indicator
Comparative advantage in environmental goods (index)
Unit
index
Source
IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
163 places, 3,076 data points, 1998–2019
Last refreshed

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.