With the rapid development of electronic information technology, higher requirements have been put forward for the dielectric properties and load-bearing capacity of materials. In continuous glass fiber-reinforced thermoplastic composites, polypropylene matrix is a non-polar polymer with a very low dielectric constant and dielectric loss, but polypropylene is extremely flammable which greatly limits its application. Aiming at the better application of flame retardant-modified continuous glass fiber-reinforced polypropylene composites (FR/GF/PP) in the field of electronic communication, the effects of four different kinds of flame retardants (Decabromodiphenyl ethane (DBDPE), halogen-free one-component flame retardant (MONO), halogen-free compound flame retardant (MULTI), and intumescent flame retardant (IFR)) on the properties of FR/GF/PP were compared, including the mechanical properties, dielectric properties and flame-retardant properties. The results showed that among the FR/GF/PP, IFR has the highest performance in mechanical properties, MULTI has better performance in LOI, DBDPE and IFR have better performance in flame retardant rating, and DBDPE and IFR have lower dielectric properties. Finally, gray relational analysis is applied to propose an approach for selecting the optimal combination (flame retardant type and flame-retardant content) of comprehensive performance. In the application exemplified in this paper, the performance of IFR-3-modified GF/PP is optimized.