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The Economy | MGov

Economy Grenada’s economy is relatively diversified, with several sectors making tangible contributions to GDP annually. In the past, agriculture was the most dominant sector and the main foreign exchange earner for the country. Though the sector has lost its traditional economic dominance, it is a major pillar in the rural economy and forms the largest portion of Grenada’s goods exports.  Since the mid-nineties however, the economy has shifted to being more service based, with tourism, construction, transport and private education being the leading contributors to GDP.  These four sectors combined accounted for 50.1 percent of GDP in 2017. The country s principal export crops are the spices, nutmeg and mace, from which it gets its reputation as “the spice island.” Other crops for export include cocoa, sour sop, citrus fruits, cloves, and cinnamon. Grenada also exports large amounts of fish, specifically, yellow-fin tuna, to the United States and Europe. Manufacturing indu

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