Grenada: cost of living

What is the inflation rate in Grenada?

Consumer prices in Grenada rose 0.6% in 2025, measured at the end of the year, down from an earlier estimate of 1.7%, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for Grenada, using the Central Statistical Office's consumer price index. The bank projects inflation of 2.2% in 2026.

The bank links the low 2025 rate partly to government measures: support to bus operators, a cap on the price of the 20-pound cylinder of cooking gas, electricity subsidies for households using under 150 kWh a month, and VAT exemptions on 20 basic food and essential items. After oil prices rose in 2026, the government capped gasoline at EC$17.00 a gallon. The rate is end-of-period, comparing December with December.

Official sources: ECCB: Grenada Economic and Financial Review, 2025 update (PDF)

What is the poverty rate in Grenada?

25.0% of people in Grenada lived in poverty in 2018/19, down from 37.7% in 2008/09, according to Living Conditions in Grenada: Poverty and Equity Update, prepared by the World Bank and the Central Statistical Office and published by the office in 2021. Extreme poverty rose from 2.4% to 3.5% over the same period.

The figures come from the 2018/19 survey of living conditions and household budget survey. The national poverty line was EC$6,782 per person per year. Inequality rose, with the Gini index moving from 0.37 to 0.40, and the report estimates poverty would have fallen to 16.9% had inequality not risen. A separate multidimensional index found 34.3% living in households counted as multidimensionally poor.

Official sources: CSO and World Bank: Living Conditions in Grenada (PDF)

What is Grenada's inflation rate?

According to the IMF, consumer price inflation in Grenada was 0.6% in 2025. The peak was 8.0% in 2008 and the low -1.0% in 2014. It is 26th highest of 29 in Latin America & Caribbean, where the median is 2.1%. World rank, highest first: 143rd of 165.

What is the extreme poverty rate in Grenada?

According to the World Bank, the share of people living on less than $3.00 a day in Grenada was 0.8% in 2018. Across Latin America & Caribbean the middle value was 3.7%, and Grenada placed 15th highest of 17. Of 92 countries with 2018 data, 52nd highest.

What is the poverty rate in Grenada?

In 2018, the share of people below the national poverty line in Grenada was 25.0%, according to the World Bank. Latin America & Caribbean median: 26.6%; Grenada is 7th highest of 12. Of 67 countries with 2018 data, 23rd highest.

What is Grenada's Gini coefficient?

43.8: that is the Gini index in Grenada for 2018, according to the World Bank. It is 9th highest of 17 in Latin America & Caribbean, where the median is 43.8. Worldwide: 10th of 92.

How many people in Grenada face food insecurity?

The FAO puts moderate or severe food insecurity in Grenada at 16.5% in 2024. It is the bottom of the series, which starts in 2017. It is 15th highest of 21 in Latin America & Caribbean, where the median is 28.0%. Worldwide: 74th of 135.