Grenada

1980

2026

2030

1980

2026

2030

Grenada Economic Statistics (2026)

GDP per capita (PPP) in 2026: $22,427—a middle income level.

The economy has grown at an average rate of 4.4% over the past 5 years.

GDP per capita (PPP)

$22,427

GDP growth

+3.4%

Inflation rate

1.1%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $2 billion, with steady growth of 3.4% in 2026.

Average economic output per person

GDP per capita is $13,041 in nominal terms, but $22,427 when adjusted for local purchasing power—indicating lower prices than in the US.

Consumer price inflation and labor market conditions

Inflation is 1.1% in 2026.

Government debt, revenue, and expenditure as percentage of GDP

Government debt is elevated at 66% of GDP. The government spends more than it collects (revenue: 29.7%, expenditure: 31.3% of GDP).

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 1.6% and a current account deficit of 13.9% of GDP.

Grenada is a middle-income economy with GDP per capita (PPP) of $22k. The economy has been growing rapidly, averaging 4.4% annually.