English   Română   Español   Français   Deutsch  

getamap.net

Africa

Oceania

Asia

North America

Europe

South America

Antarctica

Search: 



Administrative divisions (GPS Maps)

Geography

People and Society

Government

Economy

Communications

Transportation

Military


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. In the 19th century, cacao eventually surpassed sugar as the main export crop; in the 20th century, nutmeg became the leading export. In 1967, Britain gave Grenada autonomy over its internal affairs. Full independence was attained in 1974 making Grenada one of the smallest independent countries in the Western Hemisphere. Grenada was seized by a Marxist military council on 19 October 1983. Six days later the island was invaded by US forces and those of six other Caribbean nations, which quickly captured the ringleaders and their hundreds of Cuban advisers. Free elections were reinstituted the following year and have continued since that time. Hurricane Ivan struck Grenada in September of 2004 causing severe damage.


Advertisements:

Advertisements Advertisements



Economy

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) World Ranking: 196
$1.468 billion (2011 est.)
$1.452 billion (2010 est.)
$1.471 billion (2009 est.)
Note Datum is in 2011 US dollars

Gdp (official exchange rate)
$822 million (2011 est.)

Gdp - real growth rate World Ranking: 177
1.1% (2011 est.)
-1.3% (2010 est.)
-5.7% (2009 est.)

Gdp - per capita (ppp) World Ranking: 89
$14,100 (2011 est.)
$14,000 (2010 est.)
$14,100 (2009 est.)
Note Data are in 2011 US dollars

Gdp - composition by sector
Agriculture 5.3%
Industry 14.2%
Services 80.5% (2011 est.)

Labor force World Ranking: 192
47,580 (2008)

Labor force - by occupation
Agriculture 11%
Industry 20%
Services 69% (2008 est.)

Unemployment rate World Ranking: 174
25% (2008)
12.5% (2000)

Population below poverty line
38% (2008)

Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA%

Budget
Revenues $175.3 million
Expenditures $215.9 million (2009 est.)

Taxes and other revenues World Ranking: 151
21.3% of GDP (2009 est.)

Budget surplus (+) or deficit (-) World Ranking: 155
-4.9% of GDP (2009 est.)

Inflation rate (consumer prices) World Ranking: 98
4% (2011 est.)
3.5% (2010 est.)

Central bank discount rate World Ranking: 51
6.5% (31 December 2009)
6.5% (31 December 2008)

Commercial bank prime lending rate World Ranking: 85
10.69% (31 December 2011 est.)
10.6% (31 December 2010 est.)

Stock of narrow money World Ranking: 179
$173.5 million (31 December 2011 est.)
$126.8 million (31 December 2010 est.)

Stock of broad money World Ranking: 171
$771.3 million (31 December 2011 est.)
$766.9 million (31 December 2010 est.)

Stock of domestic credit World Ranking: 165
$745 million (31 December 2011 est.)
$715.7 million (31 December 2010 est.)

Market value of publicly traded shares
$NA

Agriculture - products
Bananas, cocoa, nutmeg, mace, citrus, avocados, root crops, sugarcane, corn, vegetables

Industries
Food and beverages, textiles, light assembly operations, tourism, construction

Electricity - production World Ranking: 177
195.4 million kWh (2009 est.)

Electricity - consumption World Ranking: 184
177.4 million kWh (2009 est.)

Electricity - exports
0 kWh (2009 est.)

Electricity - imports
0 kWh (2009 est.)

Oil - production World Ranking: 177
0 bbl/day (2010 est.)

Oil - consumption World Ranking: 180
3,000 bbl/day (2010 est.)

Oil - exports World Ranking: 159
0 bbl/day (2009 est.)

Oil - imports World Ranking: 178
1,913 bbl/day (2009 est.)

Oil - proved reserves World Ranking: 137
0 bbl (1 January 2011 est.)

Natural gas - production World Ranking: 187
0 cu m (2009 est.)

Natural gas - consumption World Ranking: 182
0 cu m (2009 est.)

Natural gas - exports World Ranking: 107
0 cu m (2009 est.)

Natural gas - imports World Ranking: 198
0 cu m (2009 est.)

Natural gas - proved reserves World Ranking: 182
0 cu m (1 January 2011 est.)

Current account balance World Ranking: 79
-$174.8 million (2009 est.)
-$230.5 million (2010 est.)

Exports World Ranking: 201
$38.69 million (2009 est.)
$30.26 million (2010 est.)

Exports - commodities
Nutmeg, bananas, cocoa, fruit and vegetables, clothing, mace

Exports - partners
St. Lucia 19.9%, Antigua and Barbuda 13.5%, St. Kitts and Nevis 12.2%, Dominica 12.1%, US 10.2% (2011)

Imports World Ranking: 199
$284.4 million (2010 est.)
$252.8 million

Imports - commodities
Food, manufactured goods, machinery, chemicals, fuel

Imports - partners
Trinidad and Tobago 43.4%, US 19.1% (2011)

Debt - external World Ranking: 167
$531 million (2009)
$347 million (2004)

Exchange rates
East Caribbean dollars (XCD) per US dollar -
2.7 (2011 est.)
2.7 (2010 est.)
2.7 (2009)


Fiscal year
Calendar year


Comments

--- There are no comments yet ---


Add a new comment:



You have to log in to add a comment!

 

Advertisement


Members area

Username:
Password:

Register

Forgot password?

Grenada (Saint George's):


GPS points from Grenada (Saint George's)

Calivigny Harbour Saint David

Rose Rock Grenada (general)

Montreuil Saint Patrick

Cassada Rocks Grenada (general)

Mountain Pond Saint Andrew

Hope Estate Saint Andrew

Union Saint Patrick

High Gate Estate Saint Patrick




viewweather.com sv.ViewWeather.com
fr.ViewWeather.com
da.ViewWeather.com
de.ViewWeather.com
es.ViewWeather.com
www.carpati.org
www.searchromania.net
www.cdtracks.org
es.getamap.org
fr.getamap.org
de.getamap.org
nl.getamap.org
da.getamap.org
www.getamap.org
Links
Terms of use
Privacy policy

# 0.0208 sec 

contact AT getamap.net

© 2006 - 2022  https://www.getamap.net/