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Agriculture > products
bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables |
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Aid as % of GDP
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4% |
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[55th of 129]
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Current account balance
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-$138,000,000.00 |
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[80th of 181]
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Debt > External
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$347,000,000.00 |
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[16th of 136]
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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) |
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Exports
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$38,000,000.00 |
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[181st of 189]
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Exports to US
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$1,600,000.00 |
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[168th of 224]
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GDP
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$519,259,300.00 |
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[155th of 203]
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GDP (purchasing power parity)
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$1,108,000,000.00 |
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[177th of 187]
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GDP > PPP
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$840,000,000.00 |
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[157th of 163]
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GDP > Real growth rate
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3.1% |
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[143rd of 198]
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GDP growth > annual %
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-4.06 annual %
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[181st of 187]
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GDP per capita, PPP > current international $
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7,613.27 PPP $
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[67th of 169]
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Gross National Income
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$362,578,000.00 |
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[156th of 172]
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Gross national income > constant LCU
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768681200 |
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Human Development Index
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0.787 |
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[66th of 178]
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Inflation rate (consumer prices)
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3.7% |
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[118th of 192]
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Population below poverty line
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32% |
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[8th of 46]
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Tourist arrivals
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111,000 |
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[114th of 152]
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... 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
Related links:
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