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).
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 it is currently specialized 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 and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.