Venezuela and Grenada
Venezuela and Grenada maintain political contacts and cooperation within ALBA-TCP. The Grenadian prime minister's official visit to Caracas in April 2025 included meetings with officials responsible for agriculture, fisheries, tourism and industry to advance an economic and trade agenda.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08What merchandise trade shows
In 2024, goods trade between Venezuela and Grenada totalled 0.102 million current USD.
Cooperation and bilateral issues
Venezuelan ministers of agriculture, fisheries and aquaculture, tourism, and industry and national production participated.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 0.102 M USD | 2024 · Comtrade |
| Goods: Venezuela to Grenada | 0.0987 M USD | 2024 · Comtrade |
| Goods: Grenada to Venezuela | 0.00296 M USD | 2024 · Comtrade |
| Services trade | ||
| Export share: Venezuela to Grenada | ||
| Export share: Grenada to Venezuela | 0.00682 % | 2024 · Comtrade |
| Investment stock: Venezuela in Grenada | ||
| Investment stock: Grenada in Venezuela |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2024 · UN Comtrade · Goods; full calendar year; reporter GRD. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: Venezuela to Grenada
- 2024 · UN Comtrade · Goods; full calendar year; reporter GRD. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: Grenada to Venezuela
- 2024 · UN Comtrade · Goods; full calendar year; reporter GRD. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Export share: Grenada to Venezuela
- 2024 · UN Comtrade · Exports to the partner / worldwide exports by the same reporter; same year and coverage.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Venezuela | Grenada |
|---|---|---|
| Nominal GDP | 99.66 billion USD2025 · WB | 1.42 billion USD2025 · WB |
| GDP per capita | 3,494.81 USD2025 · WB | 12,106.88 USD2025 · WB |
| GDP growth | 1.57 %2025 · WB | 4.41 %2025 · WB |
| Policy interest rate | ||
| Inflation · annual average | 0.61 %Annual average · 2025 · WB | |
| Inflation · latest year-on-year figure | ||
| Unemployment | 5.31 %ILO est.2025 · WB | |
| Budget balance (% of GDP) | -5.8 %IMF est.2025 · IMF | -5 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 308.7 %IMF est.2025 · IMF | 71.6 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -23.13 %2025 · WB | |
| Population | 28,516,8962025 · WB | 117,3032025 · WB |
| Area | 912,050 km²2023 · WB | 340 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDVenezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Grenada: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP per capita
- Current USD per personVenezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Grenada: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP growth
- Annual real change (%)Venezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Grenada: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Policy interest rate
- Central bank instrument (%)
- Inflation · annual average
- Average annual change in headline CPI (%)Grenada: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency stated
- Unemployment
- % of the labour force; definition used by the stated institutionVenezuela: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.
- Budget balance
- General government (% of GDP)Venezuela: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Grenada: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Venezuela: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Grenada: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPGrenada: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Population
- PeopleVenezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Grenada: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Area
- Total area in km²; territorial coverage of the sourceVenezuela: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.Grenada: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Venezuela to Grenada
| Product or sector | Value / share |
|---|---|
Grenada to Venezuela
| Product or sector | Value / share |
|---|---|
Connections between people
Venezuelan ministers of agriculture, fisheries and aquaculture, tourism, and industry and national production participated. The statement documents these activities and the subjects discussed, but does not provide a list of new agreements or specific business outcomes arising from the trip. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Venezuela living in Grenada | ||
| Residents from Grenada living in Venezuela | ||
| Study and training: Venezuela in Grenada | ||
| Study and training: Grenada in Venezuela | ||
| Academic stays: Venezuela in Grenada | ||
| Academic stays: Grenada in Venezuela | ||
| Travel: Venezuela to Grenada | ||
| Travel: Grenada to Venezuela |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Nominal GDP for Venezuela is 99.7 billion USD (2025), compared with 1.4 for Grenada (2025). The reference populations are 28.52 and 0.117 million, respectively. In the same year, the economy of Venezuela was 70.18 times that of Grenada in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [3] [4]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
On 29 April 2025, Dickon Mitchell made an official visit to Venezuela. The delegations held an expanded meeting at the Casa Amarilla Antonio José de Sucre, chaired by Foreign Minister Yván Gil. [1]
Cooperation and bilateral issues
Venezuelan ministers of agriculture, fisheries and aquaculture, tourism, and industry and national production participated. Gil proposed accelerating economic, financial and trade cooperation and highlighted multilateral coordination in ALBA-TCP, to which both countries belong. The prime minister also participated in a ceremony at the National Pantheon dedicated to Simón Bolívar. The statement documents these activities and the subjects discussed, but does not provide a list of new agreements or specific business outcomes arising from the trip. [1]
What merchandise trade shows
In 2024, merchandise trade between the two countries (Venezuela and Grenada) totalled 0.102 million current USD. Shipments from the first to the second were 0.0987 million; those in the opposite direction, 0.00296 million. The difference between the two flows was 0.0957 million, in favour of Venezuela. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
The partner's share of exports
Sales from Grenada to the partner represented 0.00682% of its worldwide goods exports in 2024. The share compares the same reporter, year and coverage. It measures export concentration, not the percentage of GDP dependent on this relationship. A partner may be important in a specific sector even if its share of total goods trade is small. [2]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — VEN-GRD
mppre.gob.ve · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Official series — gdp
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — population
World Bank · Institutional source · Accessed: 2026-10-07