rfc logo transparent

Country Highlights

Grenada & its Economic Development: Role of Agriculture

Agriculture has historically played an important role in Grenada’s economy. The fertile volcanic soil and tropical climate provide ideal conditions for cultivating a wide variety of crops. Traditional exports like nutmeg, cocoa, and spices still contribute significantly to agricultural output and exports. However, agriculture’s contribution to GDP has declined in recent decades as the tourism sector expanded rapidly.

Today, agriculture accounts for around 5% of GDP but employs over 13% of the labor force. Grenada has competitive advantages in several agricultural subsectors that it can leverage to boost rural incomes and foreign exchange earnings through exports. The government is implementing strategies to promote a sustainable agricultural transformation.

One priority is developing the organic agriculture sector to tap the fast-growing global market for pesticide-free produce. Grenada is well-positioned due to its pristine environment and has seen success with organic nutmeg and cocoa. Supporting farmers to obtain organic certification and linking them to buyers will help scale up production.

Agro-processing presents another opportunity. Adding value through activities like spice blending, juice production, honey, and herbal products generates higher returns. The government is assisting agro-processors by improving facilities and helping meet international standards.

Technology adoption can also drive agricultural productivity and competitiveness. Precision farming techniques optimize fertilizer and water use. Smartphone apps provide real-time market data to farmers. Grenada aims to equip its agricultural workforce with modern technical skills.

By capitalizing on its natural assets and competitive advantages, Grenada aims to diversify export markets, create rural jobs, and ensure the agricultural sector remains a pillar of sustainable economic development for generations to come. With the right policies and investment, agriculture can flourish once again in Grenada.

Wish to build solutions and build strategies? Let's get on a Call to discuss your Business

Scroll to Top
rfc logo transparent
Search

About Ruskin Felix Consulting LLC

Industries

Understand multiple industries at a glance, which encompasses change as its core attribute.

Services

RFC helps clients generate long-term value for all stakeholders. We help clients transform, grow, and operate while fostering trust through assurance with our services and solutions, which are made possible by data and technology.

Sustainability

We balance ESG and risk mitigation in our professional services. Our consulting experts make sustainability a business priority with vision and pragmatism.

Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.

Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.

About Ruskin Felix Consulting LLC

Stay In Touch

Get in touch with our team for customizable services!

rfc logo transparent

Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.