Grenada: Key Industries

Tourism is the leading industry in Grenada's economy and its largest source of foreign exchange. Cruise ship arrivals and stay-over visitors are drawn to the island's beaches, rainforested interior, and reputation as the "Spice Isle," and the broader services sector, including tourism, banking, and retail, now accounts for the majority of the country's economic output.

Agriculture remains a defining feature of Grenada's identity even as its share of the economy has declined. The island is the world's second-largest producer of nutmeg after Indonesia, and nutmeg and its byproduct mace, along with cocoa, bananas, and other spices such as cinnamon and cloves, continue to be grown for export, a legacy of the plantation economy established under British and French colonial rule.

Manufacturing in Grenada is limited in scale, consisting mainly of food and beverage processing, small textile operations, and the assembly of electronic components for export markets. Since 2013, the government has also operated a citizenship-by-investment program, channeling foreign capital into tourism and infrastructure projects as part of a broader effort to diversify revenue beyond agriculture and traditional services.