| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 4.62 | 3.58 | 3.33 | -3.55 | 1.51 | 4.5 | 2.4 | 4.4 | 3.1 | 3.1 |
| CPI % | 5.29 | 2.59 | 3.38 | 1.55 | 0.71 | 2.7 | 1.1 | 0.6 | 1.3 | 1.6 |
| Unemployment rate | - | - | - | - | - | - | - | - | - | - |
| Debt/GDP % | - | 41.79 | 81.4 | 93.65 | 87.17 | 74.5 | 75.1 | 71.6 | 69.0 | 69.5 |
| Current account balance/GDP % | - | - | - | - | -11.31 | -20.3 | -21.9 | -17.8 | -18.3 | -15.9 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
The indigenous Carib people inhabited Grenada when Christopher COLUMBUS landed on 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. In the 19th century, cacao eventually surpassed sugar as the main export crop; in the 20th century, nutmeg became the leading export. In 1967, Britain gave Grenada autonomy over its internal affairs. Full independence was attained in 1974, making Grenada one of the smallest independent countries in the Western Hemisphere. In 1979, a leftist New Jewel Movement seized power under Maurice BISHOP, ushering in the Grenada Revolution. On 19 October 1983, factions within the revolutionary government overthrew and killed BISHOP and members of his party. Six days later, US forces and those of six other Caribbean nations intervened, quickly capturing the ringleaders and their hundreds of Cuban advisers. Rule of law was restored, and democratic elections were reinstituted the following year and have continued since.
Area: 344 sq km km2
Climate: tropical; tempered by northeast trade winds
Natural resources: timber, tropical fruit
Groups: African descent 82.4%, mixed 13.3%, East Indian 2.2%, other 1.3%, unspecified 0.9% (2011 est.)
Languages:
Religions: Protestant 49.2% (includes Pentecostal 17.2%, Seventh Day Adventist 13.2%, Anglican 8.5%, Baptist 3.2%, Church of God 2.4%, Evangelical 1.9%, Methodist 1.6%, other 1.2%), Roman Catholic 36%, Jehovah's Witness 1.2%, Rastafarian 1.2%, other 5.5%, none 5.7%, unspecified 1.3% (2011 est.)
Capital: Saint George's
Government type: parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Chief of state: King CHARLES III (since 8 September 2022); represented by Governor General Cecile LA GRENADE (since 7 May 2013)
Head of government: Prime Minister Dickon MITCHELL (since 24 June 2022)
Description: Parliament - bicameral
small OECS service-based economy; large tourism, construction, transportation, and education sectors; major spice exporter; shrinking but still high public debt; vulnerable to hurricanes; emerging blue economy incentives
food and beverages, textiles, light assembly operations, tourism, construction, education, call-center operations
GDP by sector: Agriculture: 2.7% (2024 est.), Industry: 14.8% (2024 est.), Services: 65.2% (2024 est.)
Export partners: USA 24%, Antigua & Barbuda 13%, St. Vincent & the Grenadines 8%, Dominica 6%, Trinidad & Tobago 5% (2023)
Export commodities: nutmeg/cardamons, fish, wheat flours, frozen fruits and nuts, aqueous paints (2023)
Import partners: USA 37%, Trinidad & Tobago 13%, Cayman Islands 10%, China 4%, UK 3% (2023)
Import commodities: refined petroleum, cars, poultry, ships, plastic products (2023)
Caribbean, island between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago
Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.