| 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. |
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| GDP | NA |
|
| GDP - real growth rate | 0.9% (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% |
|
| 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) |
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| Industries | food and beverages, textiles, light assembly operations, tourism, construction |
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| Industrial production growth rate | 0.7% (1997 est.) |
|
Electricity -
production | 171.3 million kWh (2004) |
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Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
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Electricity -
consumption | 159.3 million kWh (2004) |
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Electricity -
exports | 0 kWh (2004) |
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Electricity -
imports | 0 kWh (2004) |
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| Oil - production | 0 bbl/day (2004 est.) |
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| Oil - consumption | 1,800 bbl/day (2004 est.) |
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| Oil - exports | NA bbl/day |
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| Oil - imports | NA bbl/day |
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| Agriculture - products | bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables |
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| Exports | $40 million (2004 est.) |
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| Exports - commodities | bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace |
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| Exports - partners | Saint Lucia 12.3%, US 11.4%, Antigua and Barbuda 8.3%, Germany 8%, Netherlands 7.9%, Saint Kitts & Nevis 7.5%, Dominica 7.5%, UK 6.8%, France 4.2% (2005) |
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| Imports | $276 million (2004 est.) |
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| Imports - commodities | food, manufactured goods, machinery, chemicals, fuel |
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| Imports - partners | Trinidad and Tobago 27.6%, US 26.8%, UK 5.9% (2005) |
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| Debt - external | $347 million (2004) |
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| Economic aid - recipient | $15.4 million (2004) |
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| Currency code | XCD |
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| Exchange rates | East Caribbean dollars per US dollar - 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002) |
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| Fiscal year | calendar year |
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