Grenada: Economy

Economic Trivia

Grenada is one of the world's largest exporters of nutmeg and mace.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Food and Beverages; Textiles; Light Assembly Operations; Tourism

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $1 billion (2013)
GDP Growth Rate (annual %) 1.83% (2013)
GDP Per Capita, PPP (current international $) $11,498 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 177/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.044% (2013)
External debt stocks, total (DOD, current US$) $591 million (2012)
Total tax rate (% of commercial profits) 45.3% (2013)
Real Interest Rate (5 year average %) 6.922% (2013)
Manufacturing, value added (% of GDP) 0.37% (2012)
Current Account Balance (BoP, current US$) $-214,411,578 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total Data unavailable
Employment in Agriculture (% of total employment) 13.8% (1998)
Employment in Industry (% of total employment) 23.9% (1998)
Employment in Services (% of total employment) 58.6% (1998)
Unemployment Rate 10.2% (2001)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $394 million (2012)
Exports of goods and services (current US$) $193 million (2012)
Total Merchandise Trade (% of GDP) 46.165% (2012)
FDI, net inflows (BoP, current US$) $30 million (2012)
Commercial Service Exports (current US$) $150,543,422 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Grenada’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary