Grenada is an island between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago. The climate is tropical, tempered by northeast trade winds. The official language is English. French Patois is also widely spoken. The main religion is Christianity. 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. Grenadians place importance on greeting strangers and acquaintances when you meet. It is expected to greet using professional titles or by Mr, Mrs or Miss. The security risk for expatriates in Grenada is low. Risks include low levels of petty crime, and relatively rare violent crime, usually related to drug-trafficking. Other risks include hurricanes and tropical storms. The currency of Grenada is the East Caribbean Dollar (XCD). Medical facilities are adequate for general treatment, however serious emergency cases generally require emergency evacuation. Medical treatment in Grenada can be expensive. Cases of Chikungunya virus have been reported. The population of Grenada is 107,300 (2018 est.), while the inflation rate (CPI) is 1.7% for Grenada as at December 2016. Xpatulator Hypothetical Tax for Grenada is based on the current personal income tax rates which are progressive up to 30%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Grenada, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Grenada as at 1 October 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: High 3) Communication: Very High 4) Education: High 5) Furniture & Appliances: High 6) Groceries: Very High 7) Healthcare: High 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: High 13) Transport: High Grenada is for example 27.3% more expensive than USA for groceries, 15.2% more expensive for household costs than UK, and 132% more expensive for transport costs than India. The hardship premium for Grenada for an expat from Australia, is for example 0%, i.e. host location (Grenada) premium of 10% minus home (Australia) location premium of 10%. Grenada is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Grenada? Register subscribe to your home location and Grenada and run your personalised reports.