Grenada : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$284.4 million (2010 est.)
$252.8 million


$38.69 million (2009 est.)
$30.26 million (2010 est.)

Inflation rate (consumer prices)

4% (2011 est.)
3.5% (2010 est.)

Unemployment rate

25% (2008)
12.5% (2000)

GDP - per capita (PPP)

$14,100 (2011 est.)
$14,000 (2010 est.)
$14,100 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

0.8% (2010 est.)
-7.7% (2009 est.)
2.2% (2008 est.)

Internet users

25,000 (2009)

Telephones - mobile cellular

121,900 (2009)

Population growth rate

0.538% (2012 est.)


109,011 (July 2012 est.)

Historical background

Carib Indians inhabited Grenada when Christopher COLUMBUS discovered the island in 1498, but it remained uncolonized for more than a century.

The French settled Grenada in the 17th century, established sugar estates, and imported large numbers of African slaves.

Britain took the island in 1762 and vigorously expanded sugar production.

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Economic overview

Grenada relies on tourism as its main source of foreign exchange especially since the construction of an international airport in 1985.

Hurricanes Ivan (2004) and Emily (2005) severely damaged the agricultural sector - particularly nutmeg and cocoa cultivation - which had been a key driver of economic growth.

Grenada has rebounded from the devastating effects of the hurricanes but is now saddled with the debt burden from the rebuilding process.

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The Economist Intelligence Unit

Country Report Organisation of Eastern Caribbean States 4th Quarter 2014

Country Report Organisation of Eastern Caribbean States 4th Quarter 2014

  • $ 285
  • Country report
  • December 2014
  • by The Economist Intelligence Unit

Outlook for 2015-16 The eight members of the Organisation of Eastern Caribbean States (OECS) will continue to enjoy broad political stability in 2014-15, despite a heavy electoral calendar and the potential ...

  • Countries : Dominica, Antigua and Barbuda, Grenada, North America, Saint Lucia

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