Grenada :
Economic 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: $5,000 (2002 est.)
GDP - composition by sector:
agriculture: 7.7%
industry: 23.9%
services: 68.4% (2000)
Population below poverty line: 32% (2000)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
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)
Industries: food and beverages, textiles, light assembly operations, tourism, construction
Industrial production growth rate: 0.7% (1997 est.)
Electricity - production: 159.8 million kWh (2003)
Electricity - consumption: 148.6 million kWh (2003)
Electricity - exports: 0 kWh (2005)
Electricity - imports: 0 kWh (2005)
Agriculture - products: bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables
Exports: $40 million (2004 est.)
Exports - commodities: bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace
Exports - partners: Saint Lucia 12.7%, US 12.2%, Antigua and Barbuda 8.7%, Netherlands 7.9%, Saint Kitts and Nevis 7.8%, Dominica 7.8%, Germany 7.1%, France 4.6% (2004)
Imports: $276 million (2004 est.)
Imports - commodities: food, manufactured goods, machinery, chemicals, fuel
Imports - partners: Trinidad and Tobago 29.6%, US 27.8%, UK 4.8% (2004)
Debt - external: $196 million (2000)
Economic aid - recipient: $8.3 million (1995)
Currency: East Caribbean dollar (XCD)
Exchange rates: East Caribbean dollars per US dollar - 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001)
Fiscal year: calendar year |
