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Central America and the Caribbean > Grenada > Economy

GRENADIAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables
Aid as % of GDP 4% [55th of 129]
Current account balance -$138,000,000.00 Time series [80th of 181]
Debt > External $347,000,000.00 Time series [16th of 136]
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. Grenada has rebounded from the devastating effects of Hurricanes Ivan (2004) and Emily (2005), but is now saddled with the debt burden from the rebuilding process. The agricultural sector, particularly nutmeg and cocoa cultivation, has gradually recovered, and the tourism sector has seen substantial increases in foreign direct investment as the regional share of the tourism market increases.
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000)
Exports $38,000,000.00 Time series [181st of 189]
Exports to US $1,600,000.00 [168th of 224]
GDP $519,259,300.00 Time series [155th of 203]
GDP (purchasing power parity) $1,108,000,000.00 Time series [177th of 187]
GDP > PPP $840,000,000.00 [157th of 163]
GDP > Real growth rate 3.1% Time series [143rd of 198]
GDP growth > annual % -4.06 annual % Time series [181st of 187]
GDP per capita, PPP > current international $ 7,613.27 PPP $ Time series [67th of 169]
Gross National Income $362,578,000.00 [156th of 172]
Gross national income > constant LCU 768681200 Time series
Human Development Index 0.787 [66th of 178]
Inflation rate (consumer prices) 3.7% Time series [118th of 192]
Population below poverty line 32% Time series [8th of 46]
Tourist arrivals 111,000 [114th of 152]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook

ALTERNATIVE NAMES: Grenada

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