The economy of Grenada is a largely tourism-based, small, open economy. Over the past two decades, the economy has shifted from one of agriculture-dominant into that of services-dominant, with tourism serving as the leading foreign currency earning sector. The country’s principal export crops are the spices nutmeg and mace (Grenada is the world?s second largest producer of nutmeg after Indonesia). Other crops for export include cocoa, citrus fruits, bananas, cloves, and cinnamon.
St. George’s is the capital of Grenada, British West Indies. The city is a popular Caribbean tourist destination that attracts thousands of tourists and cruise ships. The main exports are cacao, nutmeg, and mace.
Saint George’s has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.