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World > North America > Grenada > Economy (Facts)

Grenada - Economy (Facts)
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 - real growth rate: 0.9% (2005 est.)
GDP (purchasing power parity): $982 million (2006 est.)
GDP (official exchange rate): $454 million (2005)
GDP - per capita (PPP): $3,900 (2005 est.)
GDP - composition by sector: agriculture: 5.4%
industry: 18%
services: 76.6% (2003)
Population below poverty line: 32% (2000)
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 3% (2005 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: 171.3 million kWh (2004)
Electricity - consumption: 159.3 million kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 1,800 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
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 17.2%, Antigua and Barbuda 11.7%, Saint Kitts & Nevis 10.5%, Dominica 10.5%, US 10.4%, Venezuela 4.7%, Barbados 4.5% (2006)
Imports: $276 million (2004 est.)
Imports - commodities: food, manufactured goods, machinery, chemicals, fuel
Imports - partners: Trinidad and Tobago 32.3%, US 23.2%, Barbados 4.6%, UK 4.1% (2006)
Debt - external: $347 million (2004)
Economic aid - recipient: $15.4 million (2004)
Currency: East Caribbean Dollar (XCD)

Current East Caribbean Dollar Exchange Rates
Historical East Caribbean Dollar Exchange Rates
Chart East Caribbean Dollar Exchange Rates
Currency code: XCD
Exchange rates: East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - East Caribbean Dollar Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
East Caribbean Dollar Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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