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CO, UNIDO, UPU, WCL, WHO, WTO Diplomatic representation in US: chief of mission: Ambassador Denneth MODESTE chancery: 1701 New Hampshire Avenue NW, Washington, DC 20009 telephone: [1] (202) 265-2561 US diplomatic representation: chief of mission: (vacant); Charge d'Affaires Ollie P. ANDERSON, Jr. embassy: Point Salines, Saint George's mailing address: P. O. Box 54, Saint George's, Grenada, W.I. telephone: [1] (809) 444-1173 through 1178 FAX: [1] (809) 444-4820 Flag: a rectangle divided diagonally into yellow triangles (top and bottom) and green triangles (hoist side and outer side) with a red border around the flag; there are seven yellow five-pointed stars with three centered in the top red border, three centered in the bottom red border, and one on a red disk superimposed at the center of the flag; there is also a symbolic nutmeg pod on the hoist-side triangle (Grenada is the world's second-largest producer of nutmeg, after Indonesia); the seven stars represent the seven administrative divisions @Grenada:Economy Overview: The economy is essentially agricultural and centers on the traditional production of spices and tropical plants. Agriculture accounts for about 15% of GDP and 80% of exports and employs 24% of the labor force. Tourism is the leading foreign exchange earner, followed by agricultural exports. Manufacturing remains relatively undeveloped, but is expected to grow, given a more favorable private investment climate since 1983. The economy achieved an impressive average annual growth rate of 5.5% in 1986-91 but has stalled since 1992. Unemployment remains high at about 25%. National product: GDP - purchasing power parity - $258 million (1993 est.) National product real growth rate: 0.5% (1993 est.) National product per capita: $2,750 (1993 est.) Inflation rate (consumer prices): 2.6% (1993 est.) Unemployment rate: 25% (1994 est.) Budget: revenues: $82.2 million (1993 est.) expenditures: $74.3 million, including capital expenditures of $11.8 million (1993 est.) Exports: $18.6 million (f.o.b., 1993 est.) commodities: bananas, cocoa, nutmeg, fruit and vegetables, clothing, mace partners: Netherlands, UK, Trinidad and Tobago, United States Imports: $133.8 million (f.o.b., 1993 est.) commodities: food 25%, manufactured goods 22%, machinery 20%, chemicals 10%, fuel 6% (1989) partners: US 29%, UK, Trinidad and Tobago, Japan, Canada
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