Tourism And Education To Power Expansion

  • Grenada will continue to enjoy steady growth over the coming years, driven by the tourism and education sectors.
  • Fitch expects real GDP to expand by 3.5% in 2019, after averaging 5.5% y-o-y growth from 2014-2018, as the overall global economy slows.
  • Risks are weighted to the downside as Grenada's economy is heavily exposed to natural disasters or a slowdown in the global economy. 

(Source: Fitch)