Dimension 5.2: Standards and Methods in Grenada

Grenada: Dimension 5.2: Standards and Methods was 0.4 in 2023. ▲ Rising

Latest (2023)
0.4
Change on year
up 33.3%
World rank
160th
of 188 countries
All-time high
0.4
in 2023
All-time low
0.2
in 2017
Years of data
8
2016–2023

Dimension 5.2: Standards and Methods in Grenada, 2016–2023

00.10.20.30.42016201920232016: 0.252017: 0.22018: 0.252019: 0.252020: 0.22021: 0.32022: 0.32023: 0.4

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

Grenada recorded 0.4 for dimension 5.2: standards and methods in 2023. That is the highest value across all 8 years on record.

Compared with earlier readings it is up 33.3% on the previous year and up 60.0% over ten years.

Grenada ranks 160th of 188 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.2375 0.2 0.25 4
2020s 0.3 0.2 0.4 4

Countries ranked near Grenada

  1. 160 Bahrain 0.4 compare
  2. 160 Comoros 0.4 compare
  3. 160 Democratic Republic of Congo 0.4 compare
  4. 160 Guinea-Bissau 0.4 compare
  5. 160 Iraq 0.4 compare
  6. 160 Lebanon 0.4 compare
  7. 160 Saint Vincent and the Grenadines 0.4 compare
  8. 160 Syria 0.4 compare

See the full ranking of 190 places →

More reference data data for Grenada

All data for Grenada →

Frequently asked questions

What is dimension 5.2: standards and methods in Grenada?
Dimension 5.2: standards and methods in Grenada was 0.4 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest dimension 5.2: standards and methods recorded in Grenada?
The highest recorded value was 0.4 in 2023.
What is the lowest dimension 5.2: standards and methods recorded in Grenada?
The lowest recorded value was 0.2 in 2017.
How does Grenada rank for dimension 5.2: standards and methods?
Grenada ranks 160th out of 188 countries with data for 2023.
Is dimension 5.2: standards and methods rising or falling in Grenada?
Over the last ten years it is up 60.0%. The long-run trend across the full record is rising.
Where does this Grenada data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Dimension 5.2: Standards and Methods. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Dimension 5.2: Standards and Methods
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 1,515 data points, 2016–2023
Last refreshed

Average score for Standards and Methods indicators. Internationally accepted and recommended methodology, classifications and standards provide the basis for national statistical offices (NSOs) on data integration, facilitating data exchange and providing the foundation for the preparation of relevant statistical indicators. The following methods and standards are considered: System of national accounts in use, National Accounts base year, Classification of national industry, CPI base year, Classification of household consumption, Classification of status of employment, Central government accounting status, Compilation of government finance statistics, Compilation of monetary and financial statistics, Business process. . Further work could improve the validity of this indicator and reduce the risk that countries may be incentivized to adopt only traditional standards and methods and neglect innovative solutions that may be more valid in the current context.