Grenada: economy

What is Grenada's GDP growth rate?

Grenada's real GDP grew 4.0% in 2025, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for Grenada, published in September 2026 using Central Statistical Office data. Growth was revised down from an earlier estimate of 4.4%, mainly because construction grew 7.6% rather than the 15.0% first estimated. The bank projects growth of 4.9% in 2026 and 2.4% in 2027.

Nominal GDP was EC$3,861.8 million in 2025. Education, real estate and construction together made up 41.5% of the economy. The 2025 figures are revised and the 2026 and 2027 figures are estimates and forecasts, which the bank updates as new data arrive. Figures are in Eastern Caribbean dollars.

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

How many tourists visit Grenada?

Grenada received 186,370 stayover visitors in 2025, slightly fewer than in 2024, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for Grenada, based on Central Statistical Office data. Cruise arrivals grew 18.0%, which the bank says pushed total visitor arrivals to a record in 2025.

Stayover visitors spend at least one night and account for most tourism spending, so they matter more for the economy than cruise passengers. Arrivals from the United States, the United Kingdom and Canada fell 2.2%, 3.6% and 4.6%, while Caribbean visitors rose 1.2%. The bank links part of the fall to one-off events in 2024, Grenada's 50th independence anniversary and the CARIFTA Games. Travel receipts were 25.1% of GDP.

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

What does Grenada export and import?

Grenada's goods exports were 4.7% of GDP in 2025 and its imports 42.8%, leaving a trade deficit of EC$1,470.8 million, or 38.1% of GDP, according to the Eastern Caribbean Central Bank's Economic and Financial Review (2025 update) for Grenada. Imports rose with construction activity, while exports fell as farm output moderated.

The bank notes that key export crops such as cocoa and nutmeg had not fully recovered from Hurricane Beryl in 2024. Grenada earns most of its foreign exchange from services rather than goods: the services surplus was 52.8% of GDP, mainly from travel. The current account deficit widened to 23.0% of GDP, from 20.0% in 2024. The figures are revised and come from the Central Statistical Office and the ECCB.

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

How fast is Grenada's economy growing?

4.4%: that is real GDP growth in Grenada for 2025, according to the World Bank. Its high point since 2005 was 2005, at 13.3%; its low point was 2020, at -13.8%. Across Latin America & Caribbean the middle value was 2.7%, and Grenada placed 6th highest of 31. World rank, highest first: 58th of 180.

How rich is Grenada per person?

The latest figure from the World Bank, for 2025, is $12,107. That is the highest since at least 2005. Across Latin America & Caribbean the middle value was $10,989, and Grenada placed 14th highest of 31. Of 180 countries with 2025 data, 73rd highest.

How does Grenada's income per person compare after prices?

According to the World Bank, GDP per person at purchasing power parity in Grenada was $21,346 in international dollars in 2025. It is the top of the series, which starts in 2005. Latin America & Caribbean median: $22,756 in international dollars; Grenada is 19th highest of 30. Of 179 countries with 2025 data, 86th highest.

Does Grenada have a current account surplus or deficit?

In 2025, the current account balance in Grenada was -23.1% of GDP, according to the IMF, which is a deficit. Since 2005 it has ranged from -36.2% of GDP (2005) to -8.8% of GDP (2016). It is 25th highest of 27 in Latin America & Caribbean, where the median is -1.2% of GDP. Worldwide: 129th of 132.

How much foreign investment does Grenada receive?

The latest figure from the IMF, for 2025, is 12.0% of GDP. Its high point since 2005 was 2007, at 21.8% of GDP; its low point was 2012, at 6.2% of GDP. Latin America & Caribbean median: 2.5% of GDP; Grenada is 4th highest of 31. Of 179 countries with 2025 data, 11th highest.

What are bank lending rates in Grenada?

According to the IMF, the average bank lending rate in Grenada was 6.9% in 2025. Since 2005 it has ranged from 6.4% (2022) to 11.0% (2009). Latin America & Caribbean median: 8.8%; Grenada is 18th highest of 23. World rank, highest first: 53rd of 73.