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) [1]

GDP, PPP (current international) $1,719,015,800 (2020)
GDP Growth Rate (annual %) -13.708% (2020)
GDP Per Capita, PPP (current international) $15,278 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 182/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.598% (2019)
External debt stocks, total (DOD, current US$) $658,742,964 (2020)
Total tax rate (% of commercial profits) 47.8% (2019)
Real Interest Rate (5 year average %) 7.28% (2020)
Manufacturing, value added (% of GDP) 3.129% (2020)
Current Account Balance (BoP, current US$) ($175,169,570) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total Data unavailable
Employment in Agriculture (% of total employment) 13.78% (1998)
Employment in Industry (% of total employment) 23.87% (1998)
Employment in Services (% of total employment) 58.55% (1998)
Unemployment Rate 10.2% (2001)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $592,152,407 (2020)
Exports of goods and services (current US$) $251,283,044 (2020)
Total Merchandise Trade (% of GDP) 39.823% (2020)
FDI, net inflows (BoP, current US$) $131,044,444 (2019)
Commercial Service Exports (current US$) $395,817,353 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank