Economy Of 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 - $440 million (2002 est.)
|
|
GDP - real growth rate
|
2.5% (2002 est.)
|
|
GDP - per capita
|
purchasing power parity - $5,000 (2002 est.)
|
|
GDP - composition by sector
|
agriculture: 7.7%
industry: 23.9%
services: 68.4% (2000)
|
|
Investment gross fixed
|
|
|
Population below poverty line
|
32% (2000)
|
|
Household income or consumption by percentage share
|
lowest 10%: NA
highest 10%: NA
|
|
Distribution of family income - Gini index
|
|
|
Inflation rate consumer prices
|
2.8% (2001 est.)
|
|
Labor force
|
42,300 (1996)
|
|
Labor force by occupation
|
agriculture 24%, industry 14%, services 62% (1999 est.)
|
|
Unemployment rate
|
12.5% (2000)
|
|
Budget
|
revenues: $85.8 million
expenditures: $102.1 million, including capital expenditures of $28 million (1997)
|
|
Public debt
|
|
|
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
|
138 million kWh (2001)
|
|
Electricity production by source
|
fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
|
|
Electricity consumption
|
128.3 million kWh (2001)
|
|
Electricity exports
|
0 kWh (2001)
|
|
Electricity imports
|
0 kWh (2001)
|
|
Oil production
|
0 bbl/day (2001 est.)
|
|
Oil consumption
|
1,000 bbl/day (2001 est.)
|
|
Oil exports
|
NA (2001)
|
|
Oil imports
|
NA (2001)
|
|
Oil proved reserves
|
|
|
Natural gas production
|
|
|
Natural gas consumption
|
|
|
Natural gas exports
|
|
|
Natural gas imports
|
|
|
Natural gas proved reserves
|
|
|
Current account balance
|
|
|
Exports
|
$46 million (2002 est.)
|
|
Exports commodities
|
bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace
|
|
Exports partners
|
US 14.9%, Germany 12.8%, Netherlands 8.5%, Saint Lucia 8.5%, Antigua and Barbuda 6.4%, UK 6.4%, Belgium 4.3%, Dominica 4.3%, France 4.3%, Saint Kitts and Nevis 4.3%, Trinidad and Tobago 4.3% (2003)
|
|
Imports
|
$208 million (2002 est.)
|
|
Imports commodities
|
food, manufactured goods, machinery, chemicals, fuel
|
|
Imports partners
|
US 30%, Trinidad and Tobago 26.8%, UK 5.2%, Japan 4.4% (2003)
|
|
Reserves of foreign exchange gold
|
|
|
Debt external
|
$196 million (2000)
|
|
Economic aid recipient
|
$8.3 million (1995)
|
|
Currency
|
East Caribbean dollar (XCD)
|
|
Currency code
|
XCD
|
|
Exchange rates
|
East Caribbean dollars per US dollar - 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000), 2.7 (1999)
|
|
Fiscal year
|
calendar year
|
Applied Language Solutions offer English Translation .
This information was reproduced in part from the CIA World Fact book.
Flags
If you would like to use this flag of Grenada or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.
Map
If you would like to use this map of Grenada or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.
Country Information
If you would like to use this information for Grenada or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.