Grenada

In-depth country-focused analysis on Grenada's economic, political and operational risk environment, complemented by detailed sector insight

Grenada

Our comprehensive assessment of Grenada's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Grenada , as well as the latest industry developments that could impact Grenada's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Grenada before your competitors.

Country Risk

Grenada Country Risk

BMI View:

Core Views

  • Economic growth in Grenada will remain subdued over the next 10 years, and the country will continue to run current account and fiscal deficits. The rise in government debt to around 110% of GDP has resulted in a comprehensive debt restructuring deal with the IMF, the effects of which will weigh on the island's growth prospects over at least the first half of our 10-year forecast period. Consequently, we forecast real GDP growth to average just 2.3% over the next decade.

  • We believe that Grenada will replace the English Privy Council with the Caribbean Court of Justice (CCJ) as the island nation's final court of appeal. While this will not significantly alter daily operations in Grenada, it is a signal of increased regional integration, a trend that we believe will continue.

  • Tourism in will continue to recover over...

Grenada Industry Coverage (1)

Tourism

Grenada Tourism

BMI View:

BMI View: Arrivals growth in the Caribbean will pick up to 2.3% in 2016, reflecting improved visitor numbers from Europe and North America. The Dominican Republic, St Eustatius and Cuba are expecting the highest rate of arrivals growth, but all tourism markets will experience growth in 2016. However, the outbreak of the Zika virus from late 2015 could pose downside risks to 2016 arrivals forecasts.

We currently expect arrivals to the Caribbean to grow by 2.3% in 2016, to 33.5mn, reflecting an improvement from growth of only 0.6% in 2015. We expect the Dominican Republic, Cuba, St Eustatius and St Lucia to post the highest level of arrivals growth in 2016, at around 6%, but we note the positive sign that all Caribbean countries except St Vincent will experience arrivals growth in 2016, for the first time since the downturn....

Latest Grenada Articles

  • Record profits achieved in 2015 were due, in no small part, to the performa...

  • We are bullish oil prices from a multi-month perspective and maintain our f...

  • Below, we analyse the elections at a presidential, legislative and regional...

Latest Grenada Blogs

Latest Grenada Podcasts

  • Chronic underinvestment in Venezuela's oil sector and mounting economi...

×

Download PDF

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.