Grenada: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Grenada is one of the world's largest exporters of nutmeg and mace. |
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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) | $1,523,902,172 (2016) |
| GDP Growth Rate (annual %) | 3.684% (2016) |
| GDP Per Capita, PPP (current international) | $14,200 (2016) |
GDP Country Rank 179/195 (2016)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.721% (2016) |
| External debt stocks, total (DOD, current US$) | $1,296,661,000 (2016) |
| Total tax rate (% of commercial profits) | 48.4% (2017) |
| Real Interest Rate (5 year average %) | 6.326% (2016) |
| Manufacturing, value added (% of GDP) | 3.941% (2016) |
| Current Account Balance (BoP, current US$) | ($33,893,231) (2016) |
Labor and Employment [1]
| Labor Force, Total | Data unavailable |
| Employment in Agriculture (% of total employment) | 13.78% (1998) |
| Employment in Industry (% of total employment) | 23.87% (1998) |
| Employment in Services (% of total employment) | 58.55% (1998) |
| Unemployment Rate | 10.2% (2001) |
Trade [1]
| Imports of goods and services (current US$) | $553,047,296 (2016) |
| Exports of goods and services (current US$) | $592,563,556 (2016) |
| Total Merchandise Trade (% of GDP) | 35.985% (2016) |
| FDI, net inflows (BoP, current US$) | $91,261,715 (2016) |
| Commercial Service Exports (current US$) | $552,379,994 (2016) |
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.