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Grenada:
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Other pages in this profile of Grenada:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition 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. Grenada has rebounded from the devastating effects of Hurricanes Ivan (2004) and Emily (2005), but is now saddled with the debt burden from the rebuilding process. The agricultural sector, particularly nutmeg and cocoa cultivation, has gradually recovered, and the tourism sector has seen substantial increases in foreign direct investment as the regional share of the tourism market increases. |
GDP (purchasing power parity) |
Definition - World rank and map $1.108 billion (2007 est.) |
GDP (official exchange rate) |
Definition $590 million (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 3.1% (2007 est.) |
GDP - per capita |
Definition - World rank and map $10,500 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 5.4% industry: 18% services: 76.6% (2003) |
Labor force |
Definition 42,300 (1996) |
Labor force - by occupation |
Definition agriculture: 24% industry: 14% services: 62% (1999 est.) |
Unemployment rate |
Definition - World rank and map 12.5% (2000) |
Population below poverty line |
Definition 32% (2000) |
Household income or consumption by percentage share |
Definition lowest 10%: NA% highest 10%: NA% |
Inflation rate (consumer prices) |
Definition - World rank and map 3.7% (2007 est.) |
Budget |
Definition revenues: $85.8 million expenditures: $102.1 million (1997) |
Agriculture - products |
Definition bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables |
Industries |
Definition food and beverages, textiles, light assembly operations, tourism, construction |
Industrial production growth rate |
Definition - World rank and map 0.7% (1997 est.) |
Electricity - production |
Definition - World rank and map 150 million kWh (2005) |
Electricity - consumption |
Definition - World rank and map 139.5 million kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 1,544.2 kWh (2005) |
Electricity - exports |
Definition 0 kWh (2005) |
Electricity - imports |
Definition 0 kWh (2005) |
Oil - production |
Definition - World rank and map 0 bbl/day (2005 est.) |
Oil - consumption |
Definition - World rank and map 1,800 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 19.9 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 0 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 1,776 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 0 bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 0 cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map -$138 million (2007 est.) |
Exports |
Definition - World rank and map $38 million (2006) |
Exports - commodities |
Definition bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace |
Exports - partners |
Definition Saint Lucia 18%, US 16.2%, Antigua and Barbuda 12.2%, Saint Kitts & Nevis 11%, Dominica 10.9%, Italy 4.4% (2006) |
Imports |
Definition - World rank and map $343 million (2006) |
Imports - commodities |
Definition food, manufactured goods, machinery, chemicals, fuel |
Imports - partners |
Definition Trinidad and Tobago 35.8%, US 22.9%, Italy 4% (2006) |
Debt - external |
Definition - World rank and map $347 million (2004) |
Market value of publicly traded shares |
Definition $NA |
Economic aid - recipient |
Definition $44.87 million (2005) |
Currency (code) |
Definition East Caribbean dollar (XCD) |
Exchange rates |
Definition East Caribbean dollars per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003) |
Fiscal year |
Definition calendar year |
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