Economy — Grenada
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Grenada: Grenada relies on tourism and revenue generated by St. George’s University - a private university offering degrees in medicine, veterinary medicine, public health, the health sciences, nursing, arts and sciences, and business - as its main source of foreign exchange. In the past two years the country expanded its s…
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Economic overview
- Economic Overview
Grenada relies on tourism and revenue generated by St.
George’s University - a private university offering degrees in medicine, veterinary medicine, public health, the health sciences, nursing, arts and sciences, and business - as its main source of foreign exchange.
In the past two years the country expanded its sources of revenue, including from selling passports under its citizenship by investment program.
These projects produced a resurgence in the construction and manufacturing sectors of the economy.
In 2017, Grenada experienced its fifth consecutive year of growth and the government successfully marked the completion of its five-year structural adjustment program that included among other things austerity measures, increased tax revenue and debt restructuring.
Public debt-to-GDP was reduced from 100% of GDP in 2013 to 71.8% in 2017.
- Industries
Food and beverages, textiles, light assembly operations, tourism, construction
- GDP - per capita (PPP)
$13,000.00 (USD)
- GDP - real growth rate
3.4%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$1,700,000,000 (USD)
- GDP Per Capita
$13,000.00 (USD)
- GDP - real growth rate
3.4%
- GDP - official exchange rate
$957,000,000 (USD)
- GDP - composition, by end use
- Household consumption: 93%
- Government consumption: 15.2%
- Investment in fixed capital: 16.1%
- Investment in inventories: -0.1%
- Exports of goods and services: 16.9%
- Imports of goods and services: -41.1%
- GDP by Sector- agriculture
6.2%
- GDP by Sector- Industry
14.3%
- GDP by Sector- services
79.5%
Prices & money
- Inflation Rate
3.7%
- Exchange Rate per US Dollar
East Caribbean dollar (XCD)
- Currency Name and Code
East Caribbean Dollar (XCD)
- Fiscal Year
Calendar year
- Commercial Bank Prime Lending Rate
9.4%
Employment & labor
- Labor Force
42,300
- Unemployment Rate
12.5%
- Major Industries
Food and beverages, textiles, light assembly operations, tourism, construction
- Agriculture Products
Bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables
- Population Below Poverty Line
32%
Public finance
- Annual Budget
$175,300,000 (USD)
- Budget Surplus or Deficit - percent of GDP
-4.1%
- Taxes and other revenues - percent of GDP
20.1%