Unemployment rates: modeled vs. national estimates in Grenada

Grenada: Unemployment rates: modeled vs. national estimates was 6.3% in 2023. ▼ Falling

Latest (2023)
6.3%
Change on year
down 51.4%
World rank
72nd
of 185 countries
All-time high
28.0%
in 1988
All-time low
6.3%
in 2023
Years of data
13
1988–2023

Unemployment rates: modeled vs. national estimates in Grenada, 1988–2023

510152025301988200520231988: 28 %1991: 13.9 %1994: 26.9 %1996: 16.9 %1998: 15.2 %2013: 24.2 %2014: 24.5 %2015: 22.9 %2018: 13.7 %2019: 9.8 %2020: 13 %2021: 13 %2023: 6.3 %

Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for unemployment rates: modeled vs. national estimates in Grenada is 6.3%, measured in 2023. That is the lowest value across all 13 years on record.

The figure is down 51.4% on the previous year and down 73.8% over ten years.

Over the whole period, unemployment rates: modeled vs. national estimates in Grenada peaked at 28.0% in 1988 and was at its lowest, 6.3%, in 2023.

That places Grenada 72nd out of 185 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently falling across the 13 years of available data.

Unemployment rates: modeled vs. national estimates in Grenada, year by year

Annual values for Unemployment rates: modeled vs. national estimates in Grenada, 1988 to 2023.
Year % Change
1988 28.0%
1991 13.9% -50.3%
1994 26.9% +93.6%
1996 16.9% -37.3%
1998 15.2% -9.8%
2013 24.2% +58.8%
2014 24.5% +1.2%
2015 22.9% -6.5%
2018 13.7% -40.4%
2019 9.8% -28.3%
2020 13.0% +32.6%
2021 13.0% +0.5%
2023 6.3% -51.4%

Grenada compared with similar countries

  • Grenada's 6.3% is above the median for upper middle income countries, which is 5.8%, 1.1× the median. (52 countries reporting)
  • Grenada's 6.3% is below the median for Latin America & Caribbean, which is 6.3%, 100% of the median. (36 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 28.0% 28.0% 28.0% 1
1990s 18.2% 13.9% 26.9% 4
2010s 19.0% 9.8% 24.5% 5
2020s 10.8% 6.3% 13.0% 3

Countries ranked near Grenada

  1. 69 Luxembourg 6.5% compare
  2. 70 Denmark 6.4% compare
  3. 71 Costa Rica 6.3% compare
  4. 73 Belgium 6.2% compare
  5. 74 Italy 6.1% compare
  6. 74 Romania 6.1% compare

See the full ranking of 185 places →

More reference data data for Grenada

All data for Grenada →

Frequently asked questions

What is unemployment rates: modeled vs. national estimates in Grenada?
Unemployment rates: modeled vs. national estimates in Grenada was 6.3% in 2023, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rates: modeled vs. national estimates recorded in Grenada?
The highest recorded value was 28.0% in 1988.
What is the lowest unemployment rates: modeled vs. national estimates recorded in Grenada?
The lowest recorded value was 6.3% in 2023.
How does Grenada rank for unemployment rates: modeled vs. national estimates?
Grenada ranks 72nd out of 185 countries with data for 2023.
Is unemployment rates: modeled vs. national estimates rising or falling in Grenada?
Over the last ten years it is down 73.8%. The long-run trend across the full record is falling.
Where does this Grenada data come from?
The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.

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Unemployment rates: modeled vs. national estimates in Grenada. Statizoid, drawing on Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Retrieved 22 September 2026, from https://reference.statizoid.com/stat/ilo-national-vs-modeled-data/grenada/

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About this data

Indicator
Unemployment rates: modeled vs. national estimates
Unit
%
Source
Labour Force Statistics, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
185 places, 5,169 data points, 1960–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.