Grenada 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$1.32 billion
↑ 7.53% vs 2022GDP per Capita
$11,246.35
↑ 7.37% vs 2022GDP Growth (Annual %)
3.57%
↓ 3.75pp vs 2022Inflation Rate (CPI %)
2.70%
↑ 0.12pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.22 billion | $1.32 billion | +7.53% |
| GDP per Capita | $10,474.27 | $11,246.35 | +7.37% |
| GDP Growth (Annual %) | 7.32% | 3.57% | -3.75pp |
| Inflation (CPI %) | 2.58% | 2.70% | +0.12pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $1.32 billion
- GDP per Capita
- $11,246.35
- GDP Growth (Annual %)
- 3.57%
- Gross National Income
- $1.23 billion
Prices & Employment
- Inflation (CPI %)
- 2.70%
- Inflation (GDP Deflator %)
- 3.82%
- Unemployment Rate (%)
- N/A
- Interest Rate (Real %)
- 2.99%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -18.49%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Grenada's Gross Domestic Product (GDP) is $1.32 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Grenada for 2023 is $11,246.35. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Grenada for 2023 is 2.70%. This measures the annual percentage change in the cost of consumer goods and services.
Grenada's annual GDP growth rate for 2023 is 3.57%. This indicates the rate at which the country's economy is expanding or contracting.