Economy of Grenada
Population: 0.11 M (2018)
GDP per Capita: 10,641 USD (2018)
1,190 M.

GDP USD

(2018)

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640 M.

EXPORTS USD

(2018)

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650 M.

IMPORTS USD

(2018)

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66.27 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.18 % (2018)
GDP of 2010 USD USD 1.00 B. (2018)
GDP Current USD USD 1.19 B. (2018)
GDP per Capita Current USD USD 10,641 (2018)
GDP per capita, PPP USD 13,805 (2018)
GDP per Capita, 2010 USD USD 9,096 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 66.27 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 90.88 (2018)
Trade Openness 109.38 % (2018)
Exports of Goods and Services % GDP 54.21 % (2018)
Exports Goods & Services USD 0.64 B. (2018)
Exports Annual Growth Grenada
Imports as % GDP 55.17 % (2018)
Total Imports USD 0.65 B. (2018)
Foreign Direct Investment % GDP 12.96 % (2018)
Foreign Direct Investment USD 0.13 B. (2018)
Current Account Balance % GDP USD -9.81 % (2018)
Current Account Balance USD -0.12 B. (2018)
Trade Balance % GDP -0.96 % (2018)
Trade Balance USD 0.01 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.23 B. (2018)
Remittances % GDP 4.08 % (2018)
Remittances USD 47 M. (2018)
Balance of Payments USD 2 M. (2017)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 2 M. (2017)
Labor Force (Percent Female) USD 2 M. (2017)
Female Labor Force Participation Rate USD 2 M. (2017)
Male Labor Force Participation Rate USD 2 M. (2017)
Dependent People 49.66 % (2018)

Agriculture Sector

Indicator Value
Forest Area 50.00 % (2016)
Forest Area km² 170 km² (2016)
Agricultural Land 23.53 % (2016)
Agricultural Land km² 80 km² (2016)
Employment
Value added % GDP 5.19 % (2018)
Agriculture Value added USD 0.06 B. (2018)
Crop Production Index 133.20 (2016)
Precipitation 2,350 mm (2014)
Arable Land 9 % (2016)
Cereal Yield 1,007 kg/hectare (2017)
Food production index 128 (2016)
Rural Population 64 % (2018)
Fertilizer use of Arable Land 128 (2016)
Livestock Production Index 108 (2016)
Economy of Grenada

According to the World Bank and its latest published data, the economy of the Grenada presents a growth rate of 4.18 % (2018) to the previous year.

With a population that reaches 0.11 M (2018) and a gross domestic product of USD 1.19 B. (2018), it translates a Gross Domestic Product per Capita of USD 10,641 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Grenada also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at 49.66 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 66.27 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Grenada exported USD 0.64 B. (2018), which represents 54.21 % (2018) of its gross domestic product, in that same sense its imports reached USD 0.65 B. (2018) with a direct foreign investment of USD 0.13 B. (2018).

Grenada has a forest area of 170 km² (2016), which represents 50.00 % (2016) of its total area, an average rainfall of 2,350 mm (2014) per year and a population of 64 % (2018) living in rural areas. With a total area of 80 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Grenada about USD 0.06 B. (2018) (5.19 % (2018) of its GDP).