Overview In 2019 Grenada was the number 174 economy in the world in terms of GDP (current US$), the number 203 in total exports, the number 198 in total imports,
the number 68 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).
In 2019, Grenada exported a total of $36M, making it the number 203 exporter in the world. During the last five reported years the exports of Grenada have changed by -$3.27M from $39.3M in 2014 to $36M in 2019.
In 2019 Grenada imported $283M, making it the number 198 trade destination in the world. During the last five reported years the imports of Grenada changed by $20.5M from $263M in 2014 to $283M in 2019.
In 2017, Grenada exported $549M worth of services. The top services exported by Grenada in 2017 were Travel ($499M), Miscellaneous business, professional, and technical services ($15.2M), Air transport ($12.3M), Computer and information services ($9.06M), and Life insurance and pension funding ($4.59M).
The top services imported by Grenada in 2017 were Miscellaneous business, professional, and technical services ($86.9M), Sea transport ($42M), Financial services ($26.1M), Travel ($22.2M), and Air transport ($14.1M).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Grenada are:136: Most Favoured Nation duty rate treatement154: Preferential tariff Agreement between Caribbean Community (CARICOM) member states218: Preferential tariff for European Union countries
The top export opportunities for Grenada according to the relatedness index, are Gold (0.078), Non-fillet Frozen Fish (0.075), Bananas (0.075), Coffee (0.072), and Perfume Plants (0.072). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Grenada is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Grenada. These are products that tend to be co-exported with the products that Grenada exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.