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Grenada

Grenada : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$284.4 million (2010 est.)
$252.8 million

Exports

$38.69 million (2009 est.)
$30.26 million (2010 est.)

Inflation rate (consumer prices)

4% (2011 est.)
3.5% (2010 est.)

Unemployment rate

25% (2008)
12.5% (2000)

GDP - per capita (PPP)

$14,100 (2011 est.)
$14,000 (2010 est.)
$14,100 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

0.8% (2010 est.)
-7.7% (2009 est.)
2.2% (2008 est.)

Internet users

25,000 (2009)

Telephones - mobile cellular

121,900 (2009)

Population growth rate

0.538% (2012 est.)

Population

109,011 (July 2012 est.)

Historical background

Carib Indians inhabited Grenada when Christopher COLUMBUS discovered the island in 1498, but it remained uncolonized for more than a century.

The French settled Grenada in the 17th century, established sugar estates, and imported large numbers of African slaves.

Britain took the island in 1762 and vigorously expanded sugar production.

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Grenada

Economic 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.

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Oxford Economics

Country Economic Forecasts > Grenada

Country Economic Forecasts > Grenada

  • $ 185
  • Country report
  • July 2013
  • by Oxford Economics

GDP fell slightly in 2012, down 0.5%. However, a slow recovery is forecast, with growth of 0.3% now seen for this year and 0.9% in 2014. Agriculture will provide some impetus, continuing its recovery from ...

  • Countries : Grenada

The Economist Intelligence Unit

Country Report Organisation of Eastern Caribbean States 1st Quarter 2014

Country Report Organisation of Eastern Caribbean States 1st Quarter 2014

  • $ 285
  • Country report
  • March 2014
  • by The Economist Intelligence Unit

Outlook for 2014-15 The eight members of the Organisation of Eastern Caribbean States (OECS) will continue to enjoy broad political stability in 2014-15. A recovery in economic activity will gather strength ...

  • Countries : Saint Lucia, Antigua and Barbuda, Grenada, Dominica, North America, United Kingdom, World, China

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