Economic Growth in Grenada
The economy of Grenada recorded an average growth rate of 1.9% in the decade leading up to 2021. In 2021, real GDP growth was 4.7%. For more GDP information, visit our dedicated page.
Grenada GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Grenada from 2022 to 2021.
Source: Macrobond.
Grenada GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 0.7 | -13.8 | 4.7 | 7.3 | - |
| GDP (USD bn) | 1.2 | 1.0 | 1.1 | 1.2 | 1.3 |
| GDP (LCU bn) | 3.3 | 2.8 | 3.0 | 3.3 | 3.6 |
| Economic Growth (Nominal GDP, ann. var. %) | 4.0 | -14.0 | 7.6 | 9.1 | 7.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Grenadian GDP projections for the next ten years 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. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Grenadian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Grenadian GDP projections.
Want to get access to the full dataset of Grenadian GDP forecasts? Send an email to info@focus-economics.com.