Support our Sponsor

. . Flags of the World Maps of All Countries
  • |2001 INDEX|
  • 2000 INDEX
  • 1999 INDEX
  • 1998 INDEX
  • 1996 INDEX
  • Country Ranks
  • geographic.org Home PageCountry Index

    Grenada Economy 2001
    http://www.photius.com/wfb2001/grenada/grenada_economy.html
    SOURCE: 2001 CIA WORLD FACTBOOK

      Economy - overview: In this island economy progress in fiscal reforms and prudent macroeconomic management have kept annual growth steady since 1998. The increase in economic activity has been led by construction and trade. Tourist facilities are being expanded; tourism is the leading foreign exchange earner. Major short-term concerns are the rising fiscal deficit and the deterioration in the external account balance. Grenada shares a common central bank and a common currency with seven other members of the Organization of Eastern Caribbean States (OECS).

      GDP: purchasing power parity - $394 million (2000 est.)

      GDP - real growth rate: 7% (2000 est.)

      GDP - per capita: purchasing power parity - $4,400 (2000 est.)

      GDP - composition by sector:
      agriculture: 9.7%
      industry: 15%
      services: 75.3% (1996 est.)

      Population below poverty line: NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices): 2.5% (2000 est.)

      Labor force: 42,300 (1996)

      Labor force - by occupation: services 62%, agriculture 24%, industry 14% (1999 est.)

      Unemployment rate: 15% (1997)

      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: 120 million kWh (1999)

      Electricity - production by source:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1999)

      Electricity - consumption: 111.6 million kWh (1999)

      Electricity - exports: 0 kWh (1999)

      Electricity - imports: 0 kWh (1999)

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

      Exports: $62.3 million (2000 est.)

      Exports - commodities: bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace

      Exports - partners: Caricom 32.3%, UK 20%, US 13%, Netherlands 8.8% (1991)

      Imports: $217.5 million (2000 est.)

      Imports - commodities: food, manufactured goods, machinery, chemicals, fuel (1989)

      Imports - partners: US 31.2%, Caricom 23.6%, UK 13.8%, Japan 7.1% (1991)

      Debt - external: $182.8 million (1998)

      Economic aid - recipient: $8.3 million (1995)

      Currency: East Caribbean dollar (XCD)

      Currency code: XCD

      Exchange rates: East Caribbean dollars per US dollar - 2.7000 (fixed rate since 1976)

      Fiscal year: calendar year

      NOTE: The information regarding Grenada on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Grenada Economy 2001 information contained here. All suggestions for corrections of any errors about Grenada Economy 2001 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please put this page in your BOOKMARKS - - - - -



    Custom Search

    http://www.photius.com/wfb2001/grenada/grenada_economy.html

    Revised 21-Dec-01
    Copyright © 2001 Photius Coutsoukis (all rights reserved)


    ctr12/21/01