Grenada Economy, Grenada's Economy, Grenadas Economy, Grenadian Economy

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: NA

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)

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):

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: 149 million kWh (2002)

Electricity - production by source:

Electricity - consumption: 138.6 million kWh (2002)

Electricity - exports: 0 kWh (2002)

Electricity - imports: 0 kWh (2002)

Oil - production: 0 bbl/day (2001 est.)

Oil - consumption: 1,000 bbl/day (2001 est.)

Oil - exports: NA

Oil - imports: NA

Oil - proved reserves:

Natural gas - production:

Natural gas - consumption:

Natural gas - exports:

Natural gas - imports:

Natural gas - proved reserves:

Agriculture - products: bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables

Exports: $46 million (2002 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: $208 million (2002 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:

Currency code:

Exchange rates: East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000)

Fiscal year: calendar year



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