Description:
Though referred to as Grenada, the island state is in fact a collection of three islands - Grenada, Carriacuo, and Petit Martinique, cooperatively governed as Grenada. For the five years prior to the onset of the Covid-19 pandemic in 2020, economic growth in Grenada was considered robust. The COVID-19 pandemic threatened the economic expansion and changed the outlook for Grenada. Economic output collapsed by 11.2 percent in 2020 after seven consecutive years of growth. The labor market in Grenada is reflective of the global situation where unemployment is higher for women than men, and female participation is lower. Available data also shows that the majority of business- related loans go to men, and where women access such loans, they do so in collaboration with men, rather than on their own. Together these indicators suggest that women are not fully integrated into the formal economy in Grenada, and labor force data confirm that occupational sex segregation remains entrenched in the Grenadian labor market