Grenada
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Introduction - Grenada: | Location - Grenada: | People - Grenada: | Government - Grenada: | Economy - Grenada: | Economy overview | Grenada relies on tourism as its main source of foreign exchange, especially since the construction of an international airport in 1985. Strong performances in construction and manufacturing, together with the development of an offshore financial industry, have also contributed to growth in national output. | | Gdp purchasing power parity | $982 million (2006 est.) | | Gdp official exchange rate | $454 million (2005) | | Gdp real growth rate | 0.9% (2005 est.) | | Gdp per capita ppp | $3,900 (2005 est.) | | Gdp composition by sector | agriculture: 5.4%
industry: 18%
services: 76.6% (2003) | | Labor force | 42,300 (1996) | | Labor force by occupation | agriculture: 24%
industry: 14%
services: 62% (1999 est.) | | Unemployment rate | 12.5% (2000) | | Population below poverty line | 32% (2000) | | Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% | | Inflation rate consumer prices | 3% (2005 est.) | | Budget | revenues: $85.8 million
expenditures: $102.1 million; including capital expenditures of $28 million (1997) | | Agriculture products | bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables | | Industries | food and beverages, textiles, light assembly operations, tourism, construction | | Industrial production growth rate | 0.7% (1997 est.) | | Electricity production | 171.3 million kWh (2004) | | Electricity consumption | 159.3 million kWh (2004) | | Electricity exports | 0 kWh (2004) | | Electricity imports | 0 kWh (2004) | | Oil production | 0 bbl/day (2004 est.) | | Oil consumption | 1,800 bbl/day (2004 est.) | | Oil exports | NA bbl/day | | Oil imports | NA bbl/day | | Oil proved reserves | 0 bbl | | Natural gas production | 0 cu m (2004 est.) | | Natural gas consumption | 0 cu m (2004 est.) | | Exports | $40 million (2004 est.) | | Exports commodities | bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace | | Exports partners | Saint Lucia 17.2%, Antigua and Barbuda 11.7%, Saint Kitts & Nevis 10.5%, Dominica 10.5%, US 10.4%, Venezuela 4.7%, Barbados 4.5% (2006) | | Imports | $276 million (2004 est.) | | Imports commodities | food, manufactured goods, machinery, chemicals, fuel | | Imports partners | Trinidad and Tobago 32.3%, US 23.2%, Barbados 4.6%, UK 4.1% (2006) | | Debt external | $347 million (2004) | | Economic aid recipient | $15.4 million (2004) | | Currency code | East Caribbean dollar (XCD) | | Exchange rates | East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002) | |
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This page was last updated on 16 September, 2007 Source: CIA >>> |