Economic growth in Grenada remained robust. The increase in real gross domestic product was estimated at 3.0% in 2019. Unemployment declined and average inflation remained low. Strong fiscal outturns contributed to a reduction in debt. The primary surplus was higher than the previous four-year average and the target set under the Fiscal Responsibility Legislation. The banking sector remained well capitalised as deposits grew faster than credit. The external current account deficit narrowed but remained high.