Grenada’s Public Debt Falls to 73% of GDP on a Fiscal Surplus

Grenada has strengthened its public finances, with public debt down to 73.3% of GDP and a fiscal surplus of 4.7% of GDP, supported by strong Citizenship by Investment inflows and solid growth. Poverty is estimated to have fallen to 12.6%, below pre-pandemic levels, while inflation eased on lower import prices. Growth continued despite earlier hurricane damage to tourism accommodations, aided by reconstruction and construction activity. For the diaspora, the improving debt picture signals fiscal space that could underpin services and investment, even as the island remains exposed to external price shocks and climate risk.

Source: World Bank (OECS overview).