| Economy | Grenada |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
Grenada relies on tourism as its main source of foreign exchange especially since the construction of an international airport in 1985. Hurricanes Ivan (2004) and Emily (2005) severely damaged the agricultural sector - particularly nutmeg and cocoa cultivation - which had been a key driver of economic growth. Grenada has rebounded from the devastating effects of the hurricanes but is now saddled with the debt burden from the rebuilding process. Public debt-to-GDP is nearly 110%, leaving the THOMAS administration limited room to engage in public investments and social spending. Strong performances in construction and manufacturing, together with the development of tourism and an offshore financial industry, have also contributed to growth in national output; however, economic growth remained stagnant in 2010-11 after a sizeable contraction in 2009, because of the global economic slowdown's effects on tourism and remittances. |
GDP (purchasing power parity):
|
$1.428 billion (2011 est.)
$1.428 billion (2010 est.)
$1.428 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$13,300 (2011 est.)
$13,400 (2010 est.)
$13,600 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$800 million (2011 est.) |
GDP - real growth rate:
|
NA% (2011 est.)
-1.4% (2010 est.)
-7.7% (2009 est.) |
GDP - composition by sector:
|
agriculture: 10.6%
industry: 28.9%
services: 60.5% (2011 est.) |
Investment (gross fixed):
|
16.3% of GDP (2011 est.) |
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:
|
void |
Inflation rate (consumer prices):
|
4% (2011 est.)
5% (2010 est.) |
Central bank discount rate:
|
6.5% (31 December 2009)
6.5% (31 December 2008) |
Commercial bank prime lending rate:
|
9.7% (31 December 2011 est.)
10.6% (31 December 2010 est.) |
Stock of money:
|
$141.4 million (31 December 2008)
$151.2 million (31 December 2007) |
Stock of money - per capita:
|
1,305 USD per capita |
Stock of quasi money:
|
$578.1 million (31 December 2008)
$533.4 million (31 December 2007) |
Stock of quasi money - per capita:
|
5,333 USD per capita |
Stock of domestic credit:
|
$654.1 million (31 December 2011 est.)
$598.5 million (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
6,034 USD per capita |
Stock of narrow money:
|
$111.2 million (31 December 2011 est.)
$112.7 million (31 December 2010 est.) |
Stock of broad money:
|
$821.1 million (31 December 2011 est.)
$766.9 million (31 December 2010 est.) |
Labor force:
|
42,300 (1996) |
Labor force participation rate:
|
39.02 % of population |
Labor force - by occupation:
|
agriculture: 24%
industry: 14%
services: 62% (1999 est.) |
Unemployment rate:
|
12.5% (2000) |
Unemployment, youth ages 15-24:
|
void |
Budget:
|
revenues: $175.3 million
expenditures: $215.9 million (2009 est.) |
Budget revenues per capita:
|
1,617 USD per capita |
Taxes and other revenues:
|
21.9% of GDP (2009 est.) |
Budget surplus (+) or deficit (-):
|
-5.1% of GDP (2009 est.) |
Public debt:
|
void |
Industries:
|
food and beverages, textiles, light assembly operations, tourism, construction |
Industrial production growth rate:
|
void |
Electricity - production:
|
195.4 million kWh (2009 est.) |
Electricity - production per capita:
|
1,803 kWh per capita |
Electricity - consumption:
|
177.4 million kWh (2009 est.) |
Electricity - consumption - per capita:
|
1,637 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
|
0 bbl/day (2010 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
3,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
10.10 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2009 est.) |
Oil - imports:
|
1,913 bbl/day (2009 est.) |
Oil - proved reserves:
|
0 bbl (1 January 2011 est.) |
Natural gas - production:
|
0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2009 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
0 cu m (2009 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2011 est.) |
Agriculture - products:
|
bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables |
Current account balance:
|
-$174.8 million (2009 est.)
-$174.8 million (2009 est.) |
Current account balance - per capita:
|
-1,612 USD per capita |
Exports:
|
$38 million (2006)
$38.69 million (2009 est.) |
Exports per capita:
|
351 USD per capita |
Exports - commodities:
|
bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace |
Exports - partners:
|
St. Lucia 16.6%, Egypt 15.9%, Antigua and Barbuda 11.3%, US 11%, St. Kitts and Nevis 10.1%, Dominica 10.1% (2010) |
Imports:
|
$252.8 million (2009 est.)
$252.8 million (2009 est.) |
Imports per capita:
|
2,332 USD per capita |
Imports - commodities:
|
food, manufactured goods, machinery, chemicals, fuel |
Imports - partners:
|
Trinidad and Tobago 43.7%, US 18.8% (2010) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$347 million (2004) |
Debt - external - per capita:
|
3,201 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
East Caribbean dollar (XCD) |
Exchange rates:
|
East Caribbean dollars (XCD) per US dollar -
2.7 (2011 est.)
2.7 (2010 est.)
2.7 (2009)
|
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
