As a developing nation Grenada has an emergent economy with potential for further economic growth, experiencing an annual growth rate of three percent of its gross domestic product (GDP).
As it pertains to immigration and employment matters, Grenada is a signatory to two regional treaties being the Revised Treaty of Basseterre. The country is also signatory to several international treaties including several fundamental International Labour Organization (ILO) Treaties, Tax Information Exchange Agreements (TIEA) and Double Taxation Conventions (DTCs) as of August 2014. Grenada is not a signatory to any of the UN treaties on Refugees and stateless persons.
The Government of Grenada is taking steps to make its Citizenship by Investment (CBI) Programme more attractive to investors by offering a greater range of benefits.
While the cabinet rejected 3 Citizenship by Investment (CBI) applications for the first quarter of 2019, at the same time it approved 184 persons to become new citizens of Grenada.