The monthly minimum wage in Grenada depends on the respective industry. Grenada has a national debt equal to 68.7% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, Grenada's inflation rate is 2.4%. The currency of Grenada is the East Caribbean Dollar. The plural form of the word East Caribbean dollar is dollars. The symbol used for this currency is $ and is abbreviated as XCD. The East Caribbean Dollar is divided into cents; there are 100 in an East Caribbean dollar. Every year, consumers spend around $645 million. The ratio of consumer spending to GDP in Grenada is 77.62%, and the ratio of consumer spending to world consumer market is 0.2%. Corporate tax in Grenada is 30%. Personal income tax ranges from 0% to 30% depending on your specific situation and income level. The sales tax in Grenada is 15%. In 2013, Grenada received US$7.6 million in development aid. In 2014, foreign aid amounted to USD 12.2.

Gross domestic product
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Grenada is US$1,326 billion. Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) per capita in Grenada was last recorded at $12,239,360. PPP in Grenada is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Grenada is 1 billion. Based on this statistic, Grenada is considered to be a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. Gross domestic product (GDP) per capita in Grenada was last seen at $7,670. The average citizen of Grenada has average wealth. Countries with average wealth per capita can reasonably be expected to support competent workers with decent wages. Workers in average wealth countries are well educated, but the lack of postgraduate courses can sometimes make it difficult to find highly specialized workers. Labor is affordable in average wealth countries compared to high and very wealthy countries. The annual GDP growth rate in Grenada averaged 1.1% in 2014. According to this percentage, Grenada is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.