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Grenada GDP and Economic Data

Includes Grenada real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Grenada economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Grenada best banks and safest banks are also available.

 
 
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Central bank

Eastern Caribbean Central Bank

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International Reserves

USD 0.23 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

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Gross Domestic Product - GDP

USD 1.2 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 1.8 billion (2018, estimate)

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Real GDP growth
2007 2008 2009 2010 2011 2012 2013
6.1% 0.9% -6.6% 0.5% 0.8% -1.2% 2.4%
2014 2015 2016 2017* 2018*    
7.3% 6.4% 3.7% 5.1% 4.8%    

*Estimate

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GDP per capita - current prices

USD 11,042.4 (2018, estimate)

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GDP per capita - PPP

Intl$ 16,166.7 (2018, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.0% 0.0% 0.0% 0.0% 0.001%

*Estimate

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GDP - composition by sector
  • agriculture: 4.9% 
  • industry: 13.3% 
  • services: 66.7%

(2018 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2015 2016 2017 2018* 2019*
-0.6% 1.7% 0.9% 0.8% 1%

*Estimate

Source
Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
90.1% 81.6%

70.1%

 63.5% 59.1%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-1.2% -2.3% 3% 4.5% 3.9%

*Estimate

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Government bond ratings

Standard & Poor's: SD

Moody's: N/A

Standard & Poor's / Moody's

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Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.1 billion (2018 estimate)

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Current account balance by percentage of GDP

-11.2 % (2018 estimate)

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Exports as percent of GDP (Exports of goods and services)

55.8% (2016)

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Shares in world total merchandising export

0.0002% (2018)

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Shares in world total commercial services export

0.01% (2018)

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Total exports

USD 660.3 million (2018 estimate)

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Export commodities

Nutmeg, bananas, cocoa, fruit and vegetables, clothing, mace, chocolate, fish

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Total imports

USD 643.3 million (2018 estimate)

Source
 
 
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Import commodities

Food, manufactured goods, machinery, chemicals, fuel

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Exports - major partners

US 25.3%, Japan 10.1%, Guyana 8.7%, Dominica 6.6%, St. Lucia 6.4%, Netherlands 4.7%, Barbados 4.1%, St. Kitts and Nevis 4% (2017)

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Imports - major partners

US 31.7%, Trinidad and Tobago 24.9%, China 6.7% (2017)

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FDI inflows
2016 2017 2018
USD 95 million USD 112 million USD 127 million
Source
FDI outflows
2016 2017 2018
USD 5.3 million USD 8.6 million USD 15.4 million
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Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

146 out of 190 countries

​Subcategories:
Starting a Business: 89 out of 190 countries
Dealing with Construction Permits: 130 out of 190 countries
Getting Electricity: 93 out of 190 countries
Registering Property: 147 out of 190 countries
Getting Credit: 152 out of 190 countries
Protecting Minority Investors: 105 out of 190 countries
Paying Taxes: 143 out of 190 countries
Trading across Borders: 137 out of 190 countries
Enforcing Contracts: 80 out of 190 countries
Resolving Insolvency: 168 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

N/A 

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Time zone

UTC-4

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Total area

344 sq km

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Capital

Saint George's

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Currency

East Caribbean dollars (XCD)

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Government type

Parliamentary democracy under a constitutional monarchy; a Commonwealth realm

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Languages

English (official), French patois

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Religions

Protestant 49.2% (includes Pentecostal 17.2%, Seventh Day Adventist 13.2%, Anglican 8.5%, Baptist 3.2%, Church of God 2.4%, Evangelical 1.9%, Methodist 1.6%, other 1.2%), Roman Catholic 36%, Jehovah's Witness 1.2%, Rastafarian 1.2%, other 5.5%, none 5.7%,

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Total population
1990 2000 2010 2015* 2020*
0.1 million 0.1 million 0.11 million 0.11 million 0.11million

*Estimate 

Source
 
 
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Urban population as % of total population
1960 1980 2000 2018
30.3% 32.9% 35.7% 36.3%
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Population median age

32.1 years 

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Population growth rate

0.42% (2018 estimate)

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Life expectancy

74.8 years (2018 estimate)

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Literacy

Total population: 98.6% 
Male: 98.6% 
Female: 98.6%
Definition: age 15 and over can read and write (2014 est.)

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Free
Political Rights: 1
Civil Liberties: 2 (2019)
(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed: 29.3%

Mobile: 102.1%

(2017)

(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

59.07 % (2017)

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Mercer Cost of living index

N/A

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CO2 emissions

2.22 metric tons per capita (2014)

Source

World's Best Internet Banks

2013
2012
2011
2010

World's Best Subcustodian Banks

2010

Best of…

2013
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