Grenada's Macroeconomic Analysis:
Nominal GDP of USD 1.2 billion in 2022.
Nominal GDP of USD 1.3 billion in 2023.
GDP per capita of USD 11,550 compared to the global average of USD 10,589.
GDP per capita of USD 10,802 compared to the global average of USD 10,589.
Average real GDP growth of 1.8% over the last decade.
Average real GDP growth of 1.8% over the last decade.
Main Economic Indicators
Economic growthThe economy recorded average annual growth of 1.8% in the decade to 2021. To read more about GDP growth in Grenada, go to our dedicated page.
Fiscal policy
Grenada's fiscal surplus averaged 2.1% of GDP in the decade to 2022. Find out more on our dedicated page.
Inflation
Inflation averaged 0.7% in the decade to 2022. Go to our Grenada inflation page for extra insight.
Exchange Rate
From end-2012 to end-2022 the East Caribbean dollar stayed on the same level vs the U.S. dollar. For more info on the East Caribbean dollar, click here.
Grenada Economic Forecasts
Projections out to 2034.34 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 3 expert analysts.
Want to get insight on the economic outlook for Grenada in the coming years? FocusEconomics collects projections out to 2034 on 34 economic indicators for Grenada from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Grenada economy. To download a sample report on the Grenada's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.