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)

Communications - Grenada:
Transportation - Grenada:
Military - Grenada:
This page was last updated on 16 September, 2007
Source: CIA >>>


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