Grenada GDP Growth Rate (2026)
Grenada has a small Caribbean economy supported by tourism, construction, agriculture, education, and services. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+3.1%
Annual real GDP growth
World Rank
#89
Out of 195 countries
Change vs 2025
-1.3 pp
2025: +4.4%
North America Rank
#9
Out of 23 countries
1. Grenada GDP Growth Rate in 2026
Economic growth is influenced by tourism, investment, construction, household demand, and agricultural production.
2. Grenada GDP Growth Rate Trends (1980–2026)
Grenada’s growth history has been shaped by tourism expansion, construction, agriculture, external investment, and natural disasters.
3. Grenada GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +3.1% | -1.3 pp |
| 2025 | +4.4% | +2.0 pp |
| 2024 | +2.4% | -2.1 pp |
| 2023 | +4.5% | -2.8 pp |
| 2022 | +7.3% | +2.6 pp |
| 2021 | +4.7% | +18.5 pp |
| 2020 | -13.8% | -14.5 pp |
| 2019 | +0.7% | -3.7 pp |
| 2018 | +4.4% | 0.0 pp |
| 2017 | +4.4% | +0.7 pp |
| 2016 | +3.7% | -2.7 pp |
| 2015 | +6.4% | -0.9 pp |
| 2014 | +7.3% | +4.9 pp |
| 2013 | +2.4% | +3.6 pp |
| 2012 | -1.2% | -2.0 pp |
| 2011 | +0.8% | +1.3 pp |
| 2010 | -0.5% | +6.1 pp |
| 2009 | -6.6% | -7.5 pp |
| 2008 | +0.9% | -5.2 pp |
| 2007 | +6.1% | +10.1 pp |
| 2006 | -4.0% | -17.3 pp |
| 2005 | +13.3% | +13.9 pp |
| 2004 | -0.6% | -10.1 pp |
| 2003 | +9.5% | +6.1 pp |
| 2002 | +3.4% | +5.4 pp |
| 2001 | -2.0% | -7.1 pp |
| 2000 | +5.1% | -1.9 pp |
| 1999 | +7.0% | -4.8 pp |
| 1998 | +11.8% | +6.9 pp |
| 1997 | +4.9% | +0.5 pp |
| 1996 | +4.4% | +2.2 pp |
| 1995 | +2.2% | +0.4 pp |
| 1994 | +1.8% | +3.8 pp |
| 1993 | -2.0% | -1.2 pp |
| 1992 | -0.8% | -2.2 pp |
| 1991 | +1.4% | -2.8 pp |
| 1990 | +4.2% | +0.4 pp |
| 1989 | +3.8% | +0.9 pp |
| 1988 | +2.9% | -6.2 pp |
| 1987 | +9.1% | +1.7 pp |
| 1986 | +7.4% | +1.4 pp |
| 1985 | +6.0% | +2.0 pp |
| 1984 | +4.0% | +0.7 pp |
| 1983 | +3.3% | -0.8 pp |
| 1982 | +4.1% | +2.7 pp |
| 1981 | +1.4% | -13.7 pp |
| 1980 | +15.1% | — |
4. Grenada GDP Growth Performance
Current Growth Rate
+3.1%
(2026 to 2026)
5-Year Average
+4.3%
(2022 to 2026)
10-Year Average
+2.2%
(2017 to 2026)
20-Year Average
+2.1%
(2007 to 2026)
The economy benefits from tourism and education-related services, but its small size and climate exposure limit resilience to external shocks.
5. Grenada GDP Growth Rate vs North America and World
Grenada
+3.1%
North America Average
+2.2%
World Average
+2.8%
0.0%
1.6%
3.1%
Annual real GDP growth (%)
Grenada’s GDP growth rate is approximately
1.0 pp
above the
North America average
and
0.3 pp
above the world average.
6. Grenada GDP Growth Rate Ranking in North America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #5 | Costa Rica | +3.6% |
| #6 | El Salvador | +3.3% |
| #7 | Honduras | +3.3% |
| #8 | Dominica | +3.1% |
| #9 | Grenada | +3.1% |
| #10 | St. Vincent & Grenadines | +3.0% |
| #11 | Antigua and Barbuda | +2.6% |
| #12 | Barbados | +2.5% |
| #13 | United States | +2.3% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Grenada
Grenada GDP (Nominal)
$1.5 Billion
(2026)
Grenada GDP Growth Rate
+3.1%
(2026)
Grenada can grow strongly when tourism and investment are favorable, though growth remains more volatile than in larger economies.
Explore more:
Grenada GDP
9. Grenada GDP Growth Rate Forecast
The outlook depends on tourism, construction, investment, agriculture, and climate resilience. Hurricanes and external demand remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +3.1% | 0.0 pp |
| 2028 | +3.0% | -0.1 pp |
| 2029 | +2.7% | -0.3 pp |
| 2030 | +2.7% | 0.0 pp |
10. Grenada GDP Growth Rate: Key Findings
Grenada GDP growth rate is estimated at +3.1% in 2026.
It ranks #89 globally and #9 in North America by annual GDP growth rate.
The growth rate slowed by 1.3 percentage points compared with 2025.
The 5-year average GDP growth rate is +4.3%.
The 10-year average GDP growth rate is +2.2%.
The current rate is 1.0 percentage points above the North America average.
The current rate is 0.3 percentage points above the world average.
The forecast GDP growth rate is +2.7% in 2030, 0.4 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Grenada GDP Growth Rate FAQs
Grenada GDP growth rate is estimated at +3.1% in 2026.
Grenada ranks #89 globally and #9 in North America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +3.1% in 2026.
Grenada GDP growth rate was +6.4% in 2015.
Grenada GDP growth rate is 1.0 percentage points above the North America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.