tional 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.

GDP (purchasing power parity):

$1.108 billion (2007 est.)

GDP (official exchange rate):

$590 million (2007 est.)

GDP - real growth rate:

3.1% (2007 est.)

GDP - per capita (PPP):

$10,500 (2007 est.)

GDP - composition by sector:

agriculture: 5.4%
industry: 18%
services: 76.6% (2003)

Labor force:

42,300 (1996)

Labor force - by occupation:

agriculture: 24%
industry: 14%
services: 62% (1999 est.)

Unemployment rate:

12.5% (2000)

Population below poverty line:

32% (2000)

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $85.8 million
expenditures: $102.1 million (1997)

Fiscal year:

calendar year

Inflation rate (consumer prices):

3.7% (2007 est.)

Central bank discount rate:

6.5% (31 December 2007)

Commercial bank prime lending rate:

9.76% (31 December 2007)

Stock of money:

$151.2 million (31 December 2007)

Stock of quasi money:

$533.4 million (31 December 2007)

Stock of domestic credit:

$575.8 million (31 December 2007)

Agriculture - products:

bananas, cocoa, nutmeg, mace, citrus, avocados, root crops,
sugarcane, corn, vegetables

Industries:

food and beverages, textiles, light assembly operations, tourism,
construction

Industrial production growth rate:

0.7% (1997 est.)

Electricity - production:

167.2 million kWh (2006 est.)

Electricity - consumption:

144.2 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

2,043 bbl/day (2006 est.)

Oil - exports:

0 bbl/day (2005)

Oil - import