On this page you will find beneficial information regarding foreign direct investment in / trading with Grenada. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Democracy and a Commonwealth Realm
Population: 124,610 (2021)
GDP: 1.123 billion USD (2021)
Corporate Tax Rate: 28%
Personal Income Tax Rate: 10%
Major Exports: Nutmeg, mace and cardamons ($5.25M), Non-fillet Fresh Fish ($2.99M), Cocoa Beans ($2.24M), Other Fruits ($2.03M), and Frozen Fruits and Nuts ($1.79M), exporting mostly to United States ($8.95M), Saint Vincent and the Grenadines ($3.48M), France ($2.08M), Germany ($1.61M), and Trinidad and Tobago ($1.59M).
Major Imports: Refined Petroleum ($75.8M), Poultry Meat ($12.7M), Cars ($9.03M), Other Edible Preparations ($7.52M), and Delivery Trucks ($6.99M), importing mostly from United States ($160M), Trinidad and Tobago ($76.9M), Cayman Islands ($38M), China ($21.6M), and United Kingdom ($17.9M).
Investment Agency: Grenada Investment Development Corporation
National Chamber of Commerce: Grenada Chamber of Industry and Commerce
Customs Agency: Grenada Customs and Excise Division