Grenada

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Grenada business opportunities are largely found in the service sector, with tourism dominating the island nation’s economy. While tourism is the main source of foreign exchange, agriculture also plays an important role in the economy. Grenada is an exporter of cocoa, bananas and citrus, plus is a leading producer of several different spices including cinnamon, cloves, ginger, mace, allspice, orange/citrus peels, and especially nutmeg. Construction, an offshore financial industry and small-scale manufacturing industries (foodstuffs, textiles, electronic components), round off the business sectors. Grenada business risks include a small market prone shocks in the global economy, agricultural and tourism sectors prone to hurricanes, plus a large debt-to-GDP ratio that limits the governments ability to engage in public investments and social spending.

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