Economy of Grenada

ebook Economy in countries, Book 96 · Economy in countries

By Ivan Kushnir

cover image of Economy of Grenada

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This book about the economy of Grenada from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the gross domestic product of Grenada was equal to $966.8 million per year; the value of agriculture was $52.6 million; the value of industry was $66.0 million. Since the share in the world is less than .01%, the country is classified as a micro economy.

Productivity. In the 2010s, the GDP per capita was $8 855.8, the value of agriculture per capita was $481.5, the value of industry per capita was $604.6. Since the productivity is between the average of below average and the average, the economy is classified as developing.

Growth. In the 2010s, the growth of GDP was 2.9%; the growth of agriculture was 3.6%; the growth of industry was 1.9%.

Structure. In the 2010s, the economy of Grenada consisted of: services (53.1%), trade (13.8%), transportation (12.0%), industry (8.0%), construction (7.3%), and agriculture (6.3%).

Exports and imports. In the 2010s, the imports were 21.7% higher than the exports, the net imports were equal to 9.3% of the GDP. The technological structure of exports are not better than the structure of imports.

Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.

Economy of Grenada